New-York tribune., 1879-09-30

can cross this strip except the NewYOrk Central IL
will be very important the of DJffIo and
the State 10 nave free access 20 the now
withheld from railroads passing through the city.
Solomon & G1ihric OF Buif Of the directors Of
the New-York Lake Ere and Western Hallway. and OF
the Union Steamboat Company was then examined He
said that he holds share OF Uaion stocx tho Eric
Company owns The rest; he gets salary OF $1,000 per
year and knows that the company Il dong gO0d bust
ness; two nsw & sains ysses were o,"xn. ss tr,,Sr
the company has seventeen propehefs ana Two
sailing vessels. The witness said that te ~
president OF the Dsy Dock Company ne gets Sl.2O0
year salary the stock j. 6wDei by ine Ere Rtilfoh
he related by marriage 10 Prcsocnt JcNru, DcbS DIS
brothcrIn-law; MIR. McDou0ugi Is The secretary 8al
Mr. COrtes the treasurer the capital stock 0t Tie Dry
Dock Company Ia S2jOOOO; ~ The UniDn Steamboat
CoinOauy, II. 900. 900; the Dry Dock Company has
p.d any dividends; II has built neS docks at
cost Of $4,000 also, some shops at cost Of 5000
since the witness connected with the yaiue
Of The property Of tho company s at least 72OOOOO NJ
Guthrie said that he not advised VI any contiaes
existing between the company ald the Ncw-iork Cen
warrington Ballard. general manager Of the linton
Steamboat Company. testified thai ths company does
not own single railroad ear; there are som. 300
fret ght cars, whlch belong tle Michigan Car Con-
pany IN by the Eie Railway Company; there Is 4
provision IN tia contract whereby the Erie Company
may purchase ihe cars " uesicS 10 90 30 t.c con-
tract square one IN every respect the Steamboat
Company grls the rail- raie II slpnlsos Tor; II some
times gets larger rate than tfe Ere h-she i1"a
mouths 70 caht ge au ounce oi freight; THIS Is
caused By grain sprcuiatnrs shipping gram ~ the
yery sowest routes. Deeause they want 10 hOli the
market; TINS has occurred very Ocu some years, pEC
>
lwaUkee and carry 10 The Erir Company curing ihe
pas yeag they have carried ore local fre.hts never
PAID ANY dividends; the company las made lots ot
DOacy bu put ~ into boats; 10 does LOt pay any
money 10 the Erie Rliiway: made profits through
tbc bed years, very little thOughi tne H.
Come L.s been sufficient Ia meet expenses;
70 rough guess toe vessels WOrfh aDOGJ
SsOD.oOO; the Insurance on them last year wgs
.2UOUuO the boats do not carry 1--we stocA now, thsy
DID rrN years ago; the boats dIsW seventeen feet;
most OftBc elevator. could be rrscaed with sixteen
fee. Of water; thcr. aJoat twenty- ghb
elevators In tc cy Epaers are coanec ed directly
lie VtllI a.
rate made Baltimore. Boston snd Paadelphts
made indirectly the rats 20 Boston are NOR man
Philadelphia under ~ as been given TN. year
f0urthcass freight Of All kipds that rate cli not lAsS
long
John Allen. jr a siockholer or the Western Trans
portltiOn Company Nfich has thirteen Ycss f'sprO-
poers OF from 500 10 200 tons burtnenaud rUns In
close connection with the NeS-fork Centra Road.
carrying through rcishs of ho New York Central tom
D.tI0it Cleveland, FOfr Huron. Milwaukee, AacainAw,
and Chicago; We have practically ;he monopoly ~ the
package freight OF The New-l0Ik Central Road W. ID
iAr-c business oui side of the railroad; tho Ner-fOfk
Central Company does not cwn any OF tie Nc.tcru
characterization CJmgsuy's vessels. Tile wiIile,s - "a
director in bOtn the Genital Company an the IranspOr-
taunn COMPANY. The capital ntocS OF the company ~
100000; on Et-teru-oOuud freight are bound 10
nag the New-YOrx Central Company ire regular pro
rata rate; Elsern-bouui uright thrig.'st amount
OF business dOue IN 1862 .ld ls6.-O-p, ,COO,OOO
bushels owlus shor crops aud tllo rasO cOmPa-
emtorug Ut0 bUi--ctrTviug trefic; No carried
about -, ,OOO.CO Ia 1874 and 1870 were Obliged 10
bId tAroe large vessels 10 compete with hl-fdhrOad
routes the Ike q cIuai-bOat 10 about tlyIt