, 1881-06-08
VAnt}erbilt's Union Railroad and
Its Relation to the NItcht-
gun Central.
Payment by the Pennsylvania
Company Of $15,ooo, 700
in Cash.
This Tremendous Sum Iafd Ono Month
Before IL Was Dnc-The
Value Received.
Extensive Equipments Being Pro.
vided for the Northern
Pacific.


Everything Indicates that within twenty
four hours orders will Dc received from Com
missioner Fink for reduction OF cast-b0nnd
grain rates TO the basis ut - cents from CHI
cago to New York. Private dispatches wcre
received hero yesterday that Mr.. j. II, lsllt-
ter, Elce-Presidcnt Of the New York Central
Railroad, has given nottcD to Commissioner
Fink that, unless II reduction Of east-boutid
rates was ordered within twenty.four hours.
the New Ihrl. Central would consider Itself /
no longer bound by tho east-bonnd tariff, |
and would make rates tU suit Itself. II ~
,learnet that the truik-lHo Presidents held q |
meeting Al Commissioner Flnk's oiiicc Ill |
. New Yutli yesterday tU consider this matter, |
q unl. although nothing WIS heard from them |
up to latu hour last evening, yet 1t ls taken
fur granted that the reduction will be or
dered to-day.
Mr.. kutter bases Ills action upon tho |
ground that tho fast-frclRllt lines running
over tho Grand Trunk and Ere Roads tavc
been cutting rates. for some ttlno past, and
Tint, although proof had been furnished to
1[r. Fink tlAt such were tile facts, yet that
gentleman l,ias thus far refused tn tHke nliy
action In llle nna ter. THE TRIBUNE llas IRE
qucntly statc,l tlurnH the last two weeks
ngai; and that ,slltter the agreement of
March IL Mr.. Fink ctuld not avoid ordering
II regular reduction to tic figures 1T WHICH
br:i mess wlS tHktn by thu llnes t'iat Sllt me
that ttlo statements ,liAde by THE INiliGSE
were false, md that they, wrrG publlsiled
merely iur thu PURPOSE uf milking trUtlole
ST. sop FIX * s re ssd FT il ts NV 7 Sor hs s
patches III say ing TINT none Ut tho roads were
cutting the ratcs, alM that there would he ny
rrslurtn WlMl wera tile ca1lsts that Induced,
Commissioner Flnk to act so uueer!y ~ The
face Of his positiye, knowledge TINT the
rates we're being cut, rs charEed by rMt:
1nInt:SE, Is l,ars to tsII. It sertalm!y looks
gag.o III bm'lnirs rnifroad stocks. II Is
EnowAhere thut IL week ngo, When spoken to
by New York central ollicials ,egar1,ng ths
cutting carried on by te tsraild Trunk, 10
tilani rr,1nK was cutting the r;ttcs, but ~
Insisted thu. nothing should be snid nuout It.
bcual,s,, stHcc lile Grand Trunk ilnd largely
llarm to allsw ti!at road . ratc!I up II little
by making cut rates. This Is 1t very queer
position iur Mr.. Fink ~ take, fur ht must
know that To n1uw ttle Grand Trunk TO gut
work - ai uther ru:uls thut l,nss Itll, behind
1t, their Percentages. Nothing Gould
s[Y"ESr stnIo y tna tl' ossSh i"S1''cisnsy n
Under tiit agreement, II n roAtl runs behind
lis MtlDtted percentage the rutds tliat ,hAvo
run aiiea.l must turn over etl0sEh freight ~
last three yenrs Inns I'LL ettliail1attoll Of per.
centae"s Dcen attempted. ntliloukt sot'lo Ut
tue l,;.sls have rtln sonlu 1o,uO tons alicad,
while utl!ers lNrc run correspontlIligly bt-
hind. Whenever Il roah fur soltle relson Or
other fell behind It could only catgll up
ast.ln By cutting the r,ltes, and tsIis has 6eell
tne cause wliy RATES weru ", poorIy n!ill.l.
timed 'lustng t!e last few months. As long
as there waA llclty OF business there was ilU
cnHse ttr cutting rates., nlld the fact that there
WAS all the BUSINESS tie ronsfs Gould curry up
to lust March had Much tlloru to do With tho
stability of rates ~ to thut tlnse than the c-
cicllry Of tile pooling Arrangement. AssDpn us
b,lsneascoll,l.icicetlt to fall Utf TIC t0Na beEh
!. cut 1ss a fkp kps a ot a m II ,anS sSrI @ S
Presidents, hmrnnMy ll'ls iiot beel restored
slIcu that tine. Tile sudden reduction lust
April ot grain rates to thu hasls Ut % cn.lts
was caused Wy tGc discovery that, tho Erie
and New York Central Ind 1l'lde large COLI
tracts ut reduced rates. When these -taets
could 10 1,nger be iglorea a'ttl uIe BALI; ;.
, oito wsat W., Il y Gays ,GFs a'
Fink came to tho front allu ordergu u rettnc-
ton to tl,at figure. I'hen the roads startesl III
alld mad. contracts fur hvyctnl mouths AHEAD
that they tlHsl 50 many contracts on Il,tl t!lat
they co,ll,l ,!U la,.ser laks new busInrss the
rates were suddenly restored aga!i, tu
tie is siti sspers q wo " ''h's a t's assrc s}' ~;
contracts III IL great disadvantage. mid
inltc'ns great !nss tpoli then. TILE rN,l'
CSE then asserted thnt ttc 80 ceft rAte
tracls were dlsposet Ut, and latvr. events
hay. proven that this was correct. There i
not thu least probability That tho rnatLs vii
during thv present summer, although i /
generally mlsnl1t,Hl tllat - cents ~ fai
summer rate. AZ last stln'ller tho road
were able tn nals!tnin It 80 cent rute. bu
ally changed. There was then plenty q
business butil for Lie lake lines a the rt,tls