Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1882-12-07
Exemption of the Omaha Trade
What Rufus Hatch Thinks
of it.
other HaiirOnd News, Important, but
Obscured by the smoke Of
Battle.

TIE END SEEMS NEAR.

ing made, some attracting attention
for the first time since Tuesday, while
others will be heard of. The mana
gers are alarmed and are quietly
waiting to solve the important prob
lem: "How shall the war be stopped,
who shall be the first to make peace
offerings, and when shall The fighting
cease ?" OF course none of the great
railroad companies are inclined to
make concessions. They want peace
but do not care to promise. So
each road wants TO come out of
the war with terms Of triumph and
flying colors. 1t is believed that re-
lief will come to two of the lines in q
way that may surprise the public, al
though the subject mutter has been
under discussion several days. The
Rock Island road having the longest
route to st. Paul and Minneapolis is at
great disadvantage in carrying pas
.engCrs when shorter lines, the North
western and Chicago, Milwaukee and
St. Paul roads. Although oil lines
make the same speed per hour the two
latter lines can carry passengers from
Chicago to St. Paul several hours in
advance of the Rock leland. Now the
way in which the Northwestern & Chi
cago, Milwaukee & *. Paul will prob
ably bring the Rock Island road to
terms is by running fast train over
both lines from Chicago to st. Paul
that will, at regular rates, carry off the
greater part of the business. 1t is
known that both lines are ready to
start such fast trains; that the matter
has been duly considered, and that
the word of command is all that is nee
essary to start truly lightning express
trains from Chicago to St. Paul.
AN UNDERSTANDING.
Messrs. Gable, of the Rock Island,
and Potter, of the Burlington roads,
held an important conference during
Tuesday. It lasted tor some time, and
the situation was discussed at great
length. The result was that both man
ayers promised not to cut any rates
in the Iowa pool from here to Council
Bluffs. The Northwestern road then
inquired the result of the conference,
and, being informed, promised to be-
come party to the agreement.
WHAT RUFUS HATCH SAYS.
Mr. Rufus Hatch was asked whether
he would express an opinion in regard
to the war. His answer WAS as follows:
'The position is simply this: That
there are too many railroads for the
amount of business and for the amount
of capitalization; that is, stocks and
bonds, The lambs of Wall street have
been heavy buyers for the last three
years. Now the railroad men are just
beginning to realize that the running Of
railroads in parallel lines must cease.
OF course, the "Big Injuns" that con-
troll the railroads found this out before
Wall street did, and so comes the nat
ural decline. The western country is
prosperous, and will continue to be 30.
| The revision of the customs tariff will
make many rich mRa poor. Tho
power of this great country Is going to
! lie west of the great lakes, and New
! England, New York aud Pennsylvania
may Just as well recognize it this year
as at a later period. They have heard
the raindrops on the roof in the cleo
ton in New York state. There has
been an over production in the mills
of every kind, and manufacturers that
have been protected by high tariffs will
shut up. or, rather, shut down. There
is nothing that saves the Vanderbilt
swindles on the public, except the
Fink pool. IF the Grand Trunk, Penn
sylvania, and Baltimore and Ohio roads
neither of which has any Wall street
offices for the purpose Of gambling in
stocks-were to draw out Of the pool.
then
GOOD BY MR., VANDERBILT
with all the water in MI bis schemes.
while the parallel lines are acceptable,
five are too many. Vanderbilt's the
DRY has been to prevent competition.
Fmk's salary of $25, 900 a year and MS
100 clerks are paid to prevent competi-
ton and pool against the public. And
| for the same reason Vanderbilt bought
the Nickel-plate Road. 1t Is now in
order for Vanderbilt to buy the Penn
sylvania, Grand Trunk, and Baltimore
and Ohio Roads so as to prevent COM
petition. Then he will have a sure
thing, until some one builds a competi-
tiCn line. This great country ought
to be big enough for everybody, but it
seems to be big enough for only one
man, and that is W. H. Vanderbilt.
RATES AND CHARGES.
An important feature of the fight
was the fact that the Rock Island rail
road did not meet the rates of 81 made
by tine Chicago, Milwaukee and s..
Paul to Rock Island, Davenport, and
Moline. The more Mr.. st. John con
sidered the matter Tuesday morning
the less feasible did the cut on the
Rock Islands part seem to him. He
felt that by cutting rates To these points
he Was seriously hurting through BUSH
ness to Council Bluffs.
But the announcement that rates
would be cut to 80 cents TO Cedar
Rapids and 81 to points north Of there
was abided by and several hundred
tickets were sold. OF course the cut
of 81 to Chaska gave passengers 8
chance 70 set to Minneapolis for about
$3.50.
Mr.. s.. John, of the Rock Island