Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-12-13
A Verbal Agreement that no More
Railroads be Constructed.
VANDERBILT AND THE OMAHA.
Porter to be Replaced by Hughitt in
the Presidential Office.
Especial Telegram to the Globe. |


da'a regarding certain rates fro m the West
1t is stated on what is deemed reliable au-
thority that a settlement will finally be
reached tomorrow. 1t is said that the
several warning roads have verbally agreed
that no further trespassing will be made
upon the territory Of any other road, and
tomorrow if the territorial boundaries
cannot be satisfactorily agreed upon, it
will be decided to leave the questions in
dispute to arbitration. An almost imme-
diate restoration of rates may be expected.
and the strength of this expectation antic-
ipated was notably apparent in its effect
on the stock market this afternoon.
Western Associated Press
New YoHK, Dec. 12.-Many conflicting
statements were made in the lobby of the
Windsor this morning. Milbank and
Mitchell assert that peace will reign from
to-day, and more than likely the war will
terminate at the meeting, Porter is not
so sanguine. Other railroad men are very
| reticent. 1t is certain that crisis is near
er at hand than expected, and it looks this
yesterday will transpire-that an under
standing will be arrived at before the COM
mlttee adjourns. Porter has no faith in
, the Vanderbilt purchase story, and says if
il were so he would know it.
The subcommittee went into session at
1920. Presidtnt Riddle was added to the
committee. Porter says that the settle
ment will be that the st. Paul will keep
out of the Omaha territory.
The committee, after two hours confer
ence, adjourned until 10 o'clock to-mor-
row morning. Progress is being made
toward settlement of the dispute. 1t is
believed there will be an amicable settle
ment this afternoon.
| The railroad managers convened at $50
O'Clock this afternoon and adjourned until
| 10 O'Clock tomorrow morning, without
action, to enable Mr.. Merrill, of the ST.
Paul road. to obtain some figures concern
| ing rates from the West.
The subcommittee in their report rec
ommend that there be no more railroads
| built in the Northwest. and that the ST..
Paul railroad leave the Omaha territory
| Both these recommendations, it is report
ed, were accepted. This settles the terri
torlal question. The committee adjourned
till tomorrow, when the question Of rates
and division of business will be considered.
No trouble is anticipated in the adjust
it is thought, an Immediate restoration of
rates, and the question of division will be
arranged without delay.
President Porter was asked tonight
whether it was true that in the event of
Vanderbilt having purchased controlling
| interest in the Omaha road he would re-
| sign his position as president of the com
pany. lie replied: II have not yet given
the matter a thought. The fact is I look
| upon tee report as idle rumor.' Notwith-
stInding this answer it is very generally
believed that changes will take place, and
that Hughitt will be elected in place of
President Porter.
cat the afternoon conference said
Cable, ''it was verbally understood that no
more railroads should be built without due
notice be given at the conference by the
company that wishes to establish addi-
tional sections" The committee to-mor-
row will consider the settlement on the
traffic basis. an agreement covering st.
Paul and Minneapolis business will prob
ably be made and pool established for a
division of business of the above points
and also for the maintenance of rates.
The Rock Island railway will ask for a
portion of the st. Paul and MINNEAPOLIS
business.
The Times says ''In the meeting yester.
day there were no propositions made re-
garding division of business General
Manager S. s.. Merrill, of the st. Paul, said
he came to New York for peace. He sug-
| gested that rates should be restored at once
and traffic arrangement afterward. Gen
eral Manager R. R. Cable, of the Rock ISL
and, said he was anxious to restore rates.
but before he could consent to do SO there
must be some definite plan agreed
to. Both of them said after the
meeting that they hoped and expected to
terminate the war at once. Other officers
of the road said that the war might be
ended and rates restored to-day. No trou-
BILE was anticipated in settling traffic mat
tiers. If no other way determined, there
would be little difficulty in making com
pact to maintain rates.
while each road took what
business it could secure. Mr.. Keep was
confident peace was question of only a
short time, and crowd of spectators at
the Windsor generally understood the war
was as good as settled. Mr.. Porter was
asked if he had resigned, and he laug hing
ly replied he had not. He had not been
asked to resign. He added that he cer-
tainly should not retire without being con-
suited about it.
The Sun has the following report of the
meeting: The committee of officers of
the warning granger railroads appointed to
devise or suggest plan of settlement was
in session several hours at the Windsor
hotel yesterday. Instead of meeting the
full conference at $3.50 o'clock as was the
programme, the committee gave notice
that there was no occasion for meet
ing all the officers comprising the confer
ence until this forenoon when the committee
expects to be able to report to some pur-
pose. The committee have beyond doubt