, 1881-11-06
A Slight Fa'Iing-off in the East
-.: Bound Freight Ship
ments. s,: .-... --. >
Indications Point to Harmony of
Interest Between Vanderbilt
and Gould. ~.
Further. Gossip About the Fast Train
:: Over the Lake Shore.
The Millionaires Further Exhibit Their
Contempt for the Ohio Judge.


Object III Continuing the Present
Var
It is becoming quite evident that the atl-
vance in cast-bounu freight rates to the basis
OF 20 cents per LOO pounds. Chicago to New
York, cannot be maintained, and that before
many days have passed east-bound freight
rates will again take 4 tumble Very little
new business has thus far been shipped ut
the new rates, although the blockaues on
mosH Of the roads have been removed. and
several OF them have plenty of cars.
Moss of the business taken during, the past
Wte41 was such rs had been contracted be-
f0rt* the new rates, and lis the old contracts
will hardly last longer than the end ut this
mouth the railroads will either be compelled
to reduce the rates again by that time or
they will have 10 he content with very
small amount Of business. Last weeks
statement OF eastrboulld shipments shows II
falling oil from the previous week, aud here
after, IT the present rates are kept
up, the decrease in business will be-
come more serious from week to week.
That the shipments to Eastern seaboard
points are so light at present, is not at
tributed by the roads to the advance i'll rates
made Il week ago, but they claim that 1t is
due to the fact that there is no demand III
tile East for grain or PROVISIONS Even adj
hitting this to be true, it shows that the
present freight rates are higher than the
prices Of grain aud provisions will warrant,
and that shippers cannot pay the additional
freight without losing money. 4 20-ccnt
rate on grain from Chicago to New
York wonhl not be too iligll under
ordinary circumstances, and it would leave
but a very sl,all margin Of profit to tile
roads. But when the prices il, the East and
Europe are lower Or rs low correspo,'dtng!y
made very low. even if it be !. losiu!. rate, to
induce business tp go forward. Tile best
p.nuf that the present rates cannot be inaln-
tailetl, it the railroads llc:lll to 10 a
fSrsiied s. 9e the fact tt III ths D' 1ke lines
have not been able. to advance rates
when tI,e railroads dill, although
all advance would have been as desirable to
them us to the roads. Vessels made charters
last week fur corn to Buffalo ut ollc cent per
bushel, while i'll former ears ut this season
OF tile year they could readily obtain four ~
five cents per Dushel. After the close of
| navigation, whicl! will be- In about two
weeks at the lnost, the railroads might be
able TO maintain Il :.0-cent rate-as the busi-
ness which has to 60 forward IS compelled
to take these liitgs-lt they were
united. It's formerly But as long as
the railroads continue to. be at loggeri.cattS
he such competition among aieu, US TO make
it impossible to keep up uniform rate, aud
the roads will take business when THEY 1!eetl
| it, 1T whatever figure they can. get it. Tie
| late advance in rates was simply made as M
experiment, and indicates that the roads
| have becolae sick OF fighting, but no natter
| how sick they are they cannot stop the hight
as long as the casus betll for wlllci: tl!is
| w:lr has been commenced las not bcen SET
| tied. and a settlement OF tic difficulties is
| no nearer now than it was when ttle
| war was first commenced. Vanderbilt
still insists that before Maklny peace, or enter
i'll. into negotiations for peace, the Pe1llisyl-
rata aud B,l'tln0Te q d Ohio slial nSree 10 10
| the same rs to New. York. The latter just as
| teterniuateLy resist such Il demand, aiNl
| claim that they could not .lilak4: peace oll
such terms even If they desired to du so, q;
and Baltimore would not stand i. Wander
| bIlt is no doubt well aware OF the fact ttlae
| the Pennsylvania and Baltimore Il Ohio
people will not and cannot make
peace OIL such terms, and it looks uecltedty
us ii tt!e object for which heelalms to be
contending IS not the ons which he means
| ultimately to gain. Ills principal object
SEEMS tt be to keep up this contest untt he
has gubb1eti up his main competitors, among
| which are the Erie and tile. New York. st;
| Louis i; Chicago, which Is being pushed
rauidly to completion. The Erie, us the priil-
| cipal competitor against the New York Cen
trail. las long been thorn IN Tander-
| b!lt's side, which lle means to remove oy
| securing cull1rol pf that road uh! th''$
| place himself i'll full control Ut al the bnsl M
ness between Buffalo and New York. The
| New York, st. Louis Il Chicago rlut, par;llh \:
With The Lake. Sl,ur. Il Michigan Southern
remain IN The hands Of Vantlertilt':s enemies
| would bect,llle tho most dangerous cotnpetr
itpr to the Lake Shore Il Michigan Southern
aud this Vanderbilt scellls detrral:ne1 tt
prevent. 1t becomes more evident every
p9s' o8 rnn tII: II Ti1icSs p tl,at Vanderbilt
| aid Could are working in l1arInons
and that it is the object OF the two 1,'A::natg
to place themselves in control 1t III! the rall'
roads in tfae country allowing vaaEsspt's an ~
Gould in the West, was tile coFt:ct one
| Everything indicates that sttei, Is the c'tse,
| Kunlors are now atloat thai Vanderbilt =, ano
| Gould have been heavy pufellasers OF Eflt
ulat they will get Il footliolu III tfe directory
t election. Tie PRESENT manasers Of the Erie
;.re said to be greatly alarmed. and It !; r. r.,
ported that Mr. Jewett, the rre;tt ,,o,i "I .i
Lt: a s1d thing for the Erie 10 fall into ttc
hands OF Vanderbilt. for i'll that e'enL II
would be MIXED in the interest Ut tne New
York Central. just rs the Michigan tcntIi., r.
is now being worked in the interest OF ,f' ne
Like Shore & Michigan Southern. TIC
saic would be thu result if tht: Scw iork, .,:
Chicago l. ST. Lonis should fall into Tue
hands Of Vanderbilt, TOR it would tnen oe
made simply Il double track for th1 Lake
| Shure & Michigan Southern.
| Another proof that Vanderbilt ami Gonid
| are wurkiug III harmony Is thas the liiue!l.
| talSeH-of tI!rulgl, line .of the Wabash w
Detroit and the Great Western III tatiaua
has never been properly established. anu
that the utmost harmony :1hl good teenh3
ryist now between the Wabash and Mich:
| ean Southern, ;,liu they are working lnso
| r:,ch Others hands as, much rs pcs
| sih,e. Then it has been known -f''l so'ne
/ time that Vanderbilt owns cnnsitleraoI!t
| stuck iii the Union parific anu other s'oa!t
roads. Both Vanderbilt anil t;ouM -aft: III
the directory nf the Chicago Il N"rt!1
/ ant work together in tht utmost harmony
Then it is well known that the Goultt synat
cats. t,Y,1s S:;JNU,UOO Ut New foTs tctitfa
! s1nrs. it IS hardly necessary tn recf1c '.ils ~
fmrther facts 10 show that tn; Interests VI tne
twn ,,,acuates are continually getting. n'nr.
anfyyi1,tu, a1ni that they are wofE!A. shnniaei
fn Shoulder in tllis gigantic contest; Dn!ess
t:on~ress should soun ssep III ;slatt tlftelie!f
Xiii their gigantic scheme by tllf: 1tiost fisio
~ ireislatitn. it is onlv i question oi l'lhe
svhen !: :andcrbill end Gould will be tne ah.
enixtc tlic13t0Ts OF the elitirc railroad system
81 t.is cnrntry. a1l.t will have MORE power
u ,f;,,, ,'', a,y Emropt.a.. Emperor o. King.
/ II. ar