Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-01-21
RAILROAD WAR SETTLEMENT

Surmises as to the Lines Upon which 1t
was Resched-A Money Pool and Con-
sequeut Advance of Rates the Result.
NEW YORK, Jan. 20.-The meeting of
trunk line officials yesterday closed with
the New York Central, Pennsylvania and
Erie roads committed to settlement.
The Grand Trunk and Baltimore & Ohio
were represented at the meeting, but the
representatives did not have full power to
act. The basis of adjustment was not
made public on account Of delay in the
ratification by the Baltimore & Ohio and
the Grand Trunk. 1t is understood to
be, however, that the Pennsylvania and
Baltimore & Ohio companies shall pre-
serve their differential rates in name at
least, and that the New York Central
and Erie companies shall have special
advantages on New England business.
A money pool will be formed to take eff
feet at once On east bound business. The
New York Central and Erie companies
have contracted for about all west bound
business at low rates until July. The
roads will maintain the schedule adopted
last Monday until the time contracts
have expired, when west bound business
will be again made profitable as operated
in the pool No one outside of the par
ties in interest claims to know the precise
terms Of the agreement, but insiders give
the foregoing as general statement of
the facts. 1t is believed by some that the
real settlement was made last week and
the meeting yesterday was for harmon
ious adjustment of details.
LEADING POINTS IN THE SETTLEMENT.
New YORK, Jan. 20.--.Commissioner Albert
Fink this afternoon made public the following
information regarding the late conference OF
trunk line railroad officers: 1.-THE agreement
between the trunk lines contemplates reference
of the question of differential rates to COM
mission of three prominent men who are not
In any way connected with either of the sea-
board cities, or with railroads. This commits
sion, the chamber of commerce or other inter-
ested parties, on whom the commission may
call on are to he heard. Meanwhile the tariff
of June Is, 1881, is to be again put in force,
which is on the bases of twenty per cent. per
hundred pounds on grain from Chicago to
New York. West bound rates are to be re-
stored to the tariff of August 9Th, 1881 forty
five cents per 100 pounds first class from New
IOrK 10 CnlcagO, taxing eHecI Oh Monuay
next. All other questions, such as the meth
DDS of maintaining rates hereafter are to be i'm
mediately arranged, and each of the trunk
lines are to deposit certain sum of money
as guarantee for the maintenance of the
agreements hereafter All questions of differ
ence arising under this agreement are to be
.rbitrated. The new tariff goes into effect
Monday next" All time contracts or engage
ments made less than the tariff rates named,
and which cannot be filled by February LIST,
1882, must be Immediately reported to this
the commissioners office. otherwise after
that date they will not be recognized by the
trunk lines.
PHILADELPHIA, Jan. 20.-The Penns ylvania
railroad officials announce that many ques
tions involved in the settlement of the trunk
line war are to be submitted to board of
disinterested and competent arbitrators, to b.
jointly selected. They will hear the state
ments of the various boards of trade and other
commercial bodies, and make report to Pool
when formed. The arbitrators are not yet
chosen. Differential rates are for the present
recognized, and difference of two cents per
hundred pounds is to be made between this
city and New York.