, 1879-04-24
IA Shows Them Just How IT. 10
Their Interest to Lot Him =
Alone.
1v,,an fTc Puts OIL tho Screws, 1t
Is Because fte Loves the
People.
ccod HIuh Rates, Stehdily Kept
up, Are What THIS Coun-
try Needs. i =
account Of tho Little Railroad Spree on
Stony Island, Near Detroit,

~
sn,eta. i,spatca 10 Tie Tribune.
tey Yonx, April 23.-W II. Vanderbilt,
pr..lleut OF the New York Central t. Hudson
R,ytr Railroad Company. nnd H. j. ,Jewett,
p,eshteu. of the New York, Lake Erie & Nest-
.n h.yc addressed Joint letter tn the Assem-.
n, Special Committee on Railroads In
,n,ser M 10 TIC charges maie by the Chamber
~ Commerce Committee ngafnst tir general
rstlroad management ot tllis atatc, mud c.pcctal-
IL ,rai1st the management Of tho ltucs they
rtpfestnt. The Charge That railroad companies
r.ur WcstWund freight at cheaper rates. for
tjti1ens Of foreIgM countries than fur cit
I,ras Of this State is declared absolutely
nntrue; also tho charge t1lat the<' high
r,tes arc ,us to "it,side express carn-
p,nlc,." Tits clargo Is declared aimed
,,sr. Vanderbilt, and denied by him IN toto.
ia admits that lo Owls an interest tu n Sleep
tnacar company, madcsncccssary aml atlyfs-
,bc tccausc the laws Of tic Htatu will not per-
nil railroad companies 10 oWn st,cll lines,
md to secrru proper attention alttl cuInfort to
the patrpns Of the rual hn represents" :"
A.to The rates bctug kent up 10 pay dividends
cu watcrcd stock, tue letter says: $50 long rs
tic law exists permitting rallruad company IL
make ecrtain charges for transportation 1T
iretxhs aud passengers, sncll company woull
bare thc right to Tx tlia charges
1t tho highest sato pernlftteu by tho
charter irrespective Of tho, question
Of ssoek issued, autl there is no power that run
,l.tr The eo1,tsact without the assent of fhe
r,lI,usd cuurantss. But, rs fuct, co,ppctttton
dte. rates witt.uit regard to tho amount
Of .ny eumpapy'st ktocss or bonds, THE
,od no ono line can procure nny mart
n t. e.cpnt ut tie prlca made ,,y thc ,,concst
.oaa rms the ann xbl.,, tho f,o,n,,n,.,, ro,,
'oue' lnus' 'ne sun ""'sn ll'c eohoanS can
nstlrom 1he business Is tne same whether lis
apiss] Il largo or small. II too great,
il IS the sufferer III diminished .lisidenls.
Nv H.. 1aA's e.,.a - NV ov1'.. ' o" .ol'us'ss @
Of the STATE, 10 aV"''i n law that
PERMITS tho Lcgalaturc to reduce The chartered
sa,es When the profits Of the Co1npany exceed
lop,, cent, have deliberately issued odt1ittuua]
h0fk %nnou1 ,,s c'a'se r. 10 Me!t shafeaolaers,
% as 70 tciucc the pcrccntagc Of profit
bloE 10 per rent, IL absnrd1y ,intrue.''
wtb regard to tic attack on tl,c pooling sys.
Inn i, tLr Chamber rf f,,unn,ar., ~, t,..o.
aa' y , s"u S"nns. son'u'ete'' t"e ic''cs
e,Sss long argument IN 1asur OK tue aystc'n,
ia'ng, among Other things: "lllc shippers uro
teepl5 intcrestcl In having uniformity ind ncr
aeeney Of rates. Tic main ponts t,f fntercst r.,
ins simmer hclnr, tl,ut ratcs sh,lI mr., In ~
Nv, 49, s,,,a. ~ ,.',.,,,,. @ s,., o"a.. "oL w. 81
msa ~ e'thcf 10 pfGhlbif shipment, or not to
ltaSa bin fair margin Of profit OIL shipment
Three Two conditions OF shipping nro Tho oncs
th.t de,erm,uc the rot., el,o-rr,,1 ~, H.,
p,3t,o,a ro,,o,r ~. .S4,,s ri. ~. X ..s"..:
....,.,. . so"p'.'' ~ ~ bue'i 'aies ID
,,d,,on, IN In ,,,,,nm.on. As
l,,,Nr monor,r. ~ -,;,-or1 .o,,,,...