New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1882-11-28

Inc extraordinary efforts that have Decn
made to settle the railroad in the Northwest have
been partly successful because the officers Of the differ
ent companies have been induced consider the subject
OF temporary cessation of hostilites AL the rumOrs
about the war that circulated in Wall Street yes
terday betOkened peace. It was said that an
agreement to restore rates to-day, pending arbltra-
ton, had been signed by the officers OF the
different companies One OF the minor points
that had not been settled, It was reported was
whether the meeting should be held In Chicago or New
York That conference to be held Immediately
was said to be beyond dispute The foundation Of these
rumors Is the following letter which was sent by Albert
Keep president Oi the Chicago and Northwestern Rail
way, TO officers OF the other roads engaged In tie war;
the letter was dated Saturday:
DEAR SIR: propose that restoration OF tariG be or
Jn all the lines involved in tho present contest
that meeting to be called at Chicago az an early date
to settle by agreement II pOss blc and by arbitration II
necessary, ali In dispute; ana pending inal
settlement within thirty days from date no deviation
from established tariffs shall be tolerated under any cir
cunstances.
To this communication ViccPrcsdent Wadsworth, OF
the st. Paul Company, replied that the proposal met
with the approval Of the company The letter was tee
graphed to President Riddle, OF the Rock Island Com
pany who replied late in the day that he assented TO It,
In the meanwhile President Porter OF the Omaha line,
sent reply which understood to be
in the direct line of hs previous statements-
what questions to be discussed The exact text Of
President Porters reply could not be obtained yester
day. He said tnat 1t would be very improper for him to
make 1t public and President Keep to whom it
sent said that lie could publish long the ne
gotiaons for settlement not fully completed.
In spite OF all the Wall street rumOrs It Is exceedingly
doubtful whether at any time yesterday settlement Of
the war was imminent. The officers of the Omaha Com
pany are understood to demand that q division
Of territory should be the chief topic OF dis
oussion IN any conference about the dis
pute, ana one Of the directors said emphatcaly
the meeting must be held in NewYOrk Instead OF
the West proposed by President Keep Whatever the
negotiations begun yesterday, they were declared on
last night although of all the companies to
some sort OF meeting had been obtained. The has
not yct ceased ali negotiations for settlement must
be begun anew.
President Keep Of the Chicago and Nor hWeStern Com
pany that he could consider all negotiations Tor settle
ment far a5 the Omaha Company was concerned, as
at an EN- l. THIS step was taken. Mr. Porter said last
evening" IN consequence OF the dlsPatch IN
pewa valley and superior Railway had been sold to the
Chicago Milwaukee and 1t. Paul Railroad. This road
st. Paul and Omaha Company and It's purchase by the
St. Pau Company Mr. Porter regarded as an act of bad
Nr Porter's action the principal subject OF discus
sion by the large sd OF prominent brokers and specu
one OF depression the fact regarded as an ndei
mite p0stpOnemct ol The negotiations for settlement
MIR Porter said last evening to TRIBUNE reporter :
Wnen left the office today TO come M town |
exp efcd and prepared sign agreement for ar
btration whenever 1t was drawn up. mad accepted
Mr. Keeps proposition aud regarded me matter as VIZ
tuay arranged. On the Elevated railroad cars read
this purchase OF Ec| road Dy tue d. fau company,
and Informed Mr. Keep tnaL could not deai WIN me
to know where stand and what ground arbitration
"a IN he conducted bcorc enter iuto It, regard this
~ Paul purchase act o bad ial,h on teir part
nae BEN considered under the question territorial
rnr beyond
ast IN the midst Of negotiations tor settlement Is
shameful. snal not treat further Tor settlement M
less Innye distinct understanding as TO wiat we shall
have 10 arbitrate aud will not consent To M
less his thing II put vlerc It was before Mt Keeps
SThe Caigpcwa Valley and Superior Railway" Mr..
Porter continued, "runs from WaDasi MINI, on tne St
Paul road, luCliirc Wis., with abraacn INTO henon,
once and another up t. Chippewa County, the total
length Of tA3 lne being seyeni{-Iye mics IL ups our our
road at three places fhe 81 Paul people say that they
bought The road six months ago N1w' while Know "
ABOUT the matter three months tlc st. Paul people
| told tnat they as n company ,~ouu htyo NV,
/ heard Of the St. Paul bdylpg it. There
is yius linz done az oAe end OF the oF, eltgI noro
at ;ne West. They nave recorded lleli pun o'
IDENTITY to tins road out or the reach u we p'p9hcu
eeneat Inc pree lhey pay rbo ICf hg LoIa o NOS I
| take any stock, You notice, put Il DOttoh stcuty.
will undertake 10 build t4e ROAD t9r s2yop2U @ s,s a
the 81 Paul pays for It. 1t Is SOD oy o. raul sFeGt" W
| Ing directors TO their company at a pionl 20 20
t9ein'tiHS'' of tha5 donpSHy, SIi 5ad regret n:
ccrely for the Stockholders, sake talt t9e m
action Bat regard IL duty to my company 10 &c
ciue all until are protected AGAINST such
tricks Dy knowing Just what the 81 PAU Is Wug 10 ue
l m rufratiou Rates. OF course, will not b. restored
| tomorrow The ~. Paul and Omaha would not 40 so
| even IL al the Otner roads did"
| Directors or the Milwaukee and st. Paul Company
riouled the motive put forth by President POrterhJs
1catiOn Of Lls attitude Ihelr confluence Mt7 EI'i'
| thlt the 81. Paul ahu OmIu1 Nont{'h5 ~ ,,i,I",. W "
| beaten m the en1 In the war. Jeremiah MlD'hh,
monument director, said Il" Mr. POrter says that MS
acdOn this evening was caused Dy tHe salo o INC mp
ua Valley road TO the 81. Paul. IL Is only prctchcc.
| Nr Porer knew year ago that inc rodu was oSln
nn nv friends of the ST. Paul ard tnat the ST. PaGl IN
trnie 10 control It. lie knew tnGI 1t has been prac
cally run by company for sohe tno au tL. o rnc
Sor,1,ai trIser TO us was made two weeks ago. Inc
road has been cutting rates against his roau since
Inc war broke In lasc August ar. rof.er a8teeu
yfh the Wisconsin Central and lr Merrill, WhO repre-
snntei the Cnippswa Valley road, to maintain rates to
Ii1 rIslte TO say tnat Mr. Porter agreed to
Mr. Kee1's proposition Tor settlement and nave steI
| snbiect re never ln,erded to accept 1t, either
| Let Mr.. Porter go on and aih1so AI1ael fr
bi. tG,' sEtocsholdtrs some day, The st. Pau
Company stand ths war lOiser INN dann , 1uV I'm Un
can. We have capitalization oi q-l0oo 'n''0 'o"'I'
J d. Etston, presldcn; OF the chippewa valley ana
| suocrlor Railway Company, confirmed MI .lHDdhA'
statement He added That tue COST OF 1hat IVat 10 tt
ST. Paul iacudcd bridge across the MI als"lppi an'
been butt by the ST. the territory would have beei
| entered Dy WiscOasl Il Central
DUBUQUE, Iowa, Nov. 27.-rhe railroad war reache
this city To-Day The Illinois Central road intorme
bpp.rs mat freight OF all classes would be taken
loux city 10 cents per hundred p0uGds regardlGs
vi classification Iuc rates heretofore A'u p7cH ~ %
| 4J and % cents fox different classes
| MlNSEAPoLIs, Mimi, Nov. 27-At the Omaha Con
pany's headquarters late this evening" the opinion wa
freely expressed that President Porter Will not agree
keep the proposition FOR restoration OF ratcS ana
| conference looking to arbitration, but VIII requI
that certain preliminary agreements as 10 u'''s'o
s,o,l ma p,ade beiore truce ia declared The opinio
wa, also expressed tnat unless truce was az 70 "
morrow, WesDOund passenger rates "o,u h,'n U, v u u
| Culclso Wednesday, pro ia0ly 10 -; NO cA"nSo
| rates vas announced by any or the roads tO-u"!'
NOT RESPONSIBLE FOR DAMAGES'
CORPORATION Counsel Andrews sad ye9teroa.
40 r.,,r,or M ME InInnNE lint his opinion as 10 lh