New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-10-26

! more ana ONO and the pennsylvania KILL
roads did not indicate q settlement of the rate
! war;
! GETTING IT'S PROPERTY BACK AGAIN.
THE RECEIVERS or THE MANHATTAN RAILWAY
COMPANY, on AZ ORDER BY JUDGE wEsTBRooK
RESTORE TO THE COMPANY IT'S PROPERTY.
Receivers Dillon and Hopkins, yes erday after
noon at o'clock delivered to the Manhattan Rail-
way Company all it's railways and other property
This was done in pursu of an order granted
yesterday bv judge Wcsthrook a petition signed
! byDor5hcimcr, Bacon s. Deyo. the counsel for the
New-York Elevated RAILWAY Comrany; Lawrence
Il Wachner, The counsel for the Metropolitan Rail
way Company; Alexander & Green counsel for the
Manhattan Company, and General Wager Swayne,
counsel for the receivers. This petition set forth
the agreements made October -, modifying the
leases under which the Manhattan Company had
heretofore operated the railways, Tho railways
from this da,e will bo operated by the Manhattan
Company under the new contracts.
WHAT W. II. VANDERBILT SAYS NOW.
MS VIEWS ABOUT THE RECENT ADVANCE ~ FREIGHT
RATEs-LoNG TIME CONTRACTs-A SHOT AT MR..
GARRETT
The recent advance in passenger and East-bound
freight ra'cs, made By some of the railroad COM
pauies, led many persons yesterday to be-
licye that tins action preliminary
only 10 a full settlement of the railroad
war; while others Insisted thai even If settlement
should b effected, the time contracts Of the rail
roads would render it for \ lorg time imperative.
Referring 10 the charge that the New-YorS Central
had made large freight contracts, recently, at low
rates for six months, William II. Vanderbilt said to
q TRIBUNE reporter last evening:
81 know nothing ofany such time contracts.and if
they have been made it hes been done without my
knowledge or authority. II would bc worth good
deal 10 me to know that the charge is true for am
the chief executive 0icer of he Central and if my
suborIinatcs are making contrIcts without my ap-
proval want to know it. / pay my men higher
wages than others of their rank receive, bnt | do
hi, 10 secure honest mon. | do not want them 10
,pccnlate in stocks in order to get bread | fear
some 81 tho officer, Of other road obliged 10 do
lclcvc my suhO hOrdiHatcs 70 be honest. but II they
arc not ! want 10 know It
is ther, Doubt tina. tho Erie Railroad has made
much longer time contracsi' y the reporter inquired
in suggestive tone.
II know il has was the rcply but am run
ming my own RI roads aud not the Erie. Every
thmS that Il" - for he protection OF my own
property TIE Erie has gained strength by my for
mcr complai lucc, but while its officers get fat sal
aries ~ s.o.k kholicrs g't nothing
The advance in rates does not Indicate. then, a
settlement of thc trims line differences :"
Not At all; il has nothing whatever 20 DO with II.
i IS natural that nG maGIr ' he pisc5 pmnac5 I' Oi"es Is
ms. ~ easy for IT'S 70 get 10 cents as
10 cents. and that Is a'i there is in it. As he
rates nnl insurance increase, rail rates will be
higher; wh.us bu inoss is light, rail rates will 60
down But who galus the ADVANTAGE of low rates
Not tine consumer for the price of grain has been
raised until 'uica-o Butaip and NCW-lork are full,
and there Is 4 i'll no export demand worth speaking
of The price abroad must g. mp. or that here 30
doHn--rhai Is certain. Why, discovered the other
day that We were paying lghierage and storage To
a certain large shipping firm Just because Erie was
doing II. | stopped that at once, for ! do not pro-
pose to pay premium for doing the business.
d" have no personal feeling aganft Jcwcit or the
Eric Road. My securing the control of the Clcvc-
land, Columbus, C.tCiun. q and Indianapolis road
the other day was not blow aimed directly at the
Erir. Some of the Eric directors may think So but
IL Is not true. am only defending the Central and
Lake Shore CompaleS ana IN ma '.ing mp my board
ol directors wanted It clearly shown that il was
Central and Lake shore board. If ME.J.wctt had
not been president of the Erie Road he might have
remained / believe some OF the Erie directors
think hard of President D'ycr uX, charging him
with tr,achcry; bu | had soIute control of the
property before De ercuX, or IN fact, any ono else
knew anything ahuutit. lthcn simply gave him
the choice and lac i not 10 blame ior accepting the
inevitable
AN Erie director stated recently that the road
had been run in the Central interest for the last two
years, said the rcpOr;Cr.
/" hat statement Is wholly ridiculous as the busi-
ness Of the roads will show. Hasn't the Eric in
creased s business at the expense of the Central,
and were not Jewett and Grant and the rest of
them dITccor5 of the rCadi OF course the business
was given 20 the Eric whoncyerit II was possible. !
bought the road to keep, aud intend 10 keep IL, re-
gar less of consequences.
- SO Tar as a settlement of the trunk line dllteren-
ces Is concerned, know nothing about IT. nave
not seen any of the presidents for some tlnc-cer-
tainly not since my reply To Mr. Garrett. That was
the only way to answer him, for II had not rldi-
culcd him he would have hurled back volumes at
me. The idea OF his going about and calling me
pckpocket and liar just because he could not deny
what had said about his company! Pooh! 1t VIII
be time cnough to talk about a trunk line meeting
when he gets through talking"
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