Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-12
THE BIG POOL.
TIE gRIPARTITE AGREEMENT
SIGNED 1T NEE YORK.
An Offensive and Defensive Alliance Be
tween the Union Pacific, Chicago, Mill
Yankee s. ST. Paul AID Rock Island
Roads.
The agreement Signed.

NEW YORK, Dec. 1.-THE Evening Post
made inquiry into the tripartite agree
ment at the Office OF the Chicago, Milwau
kee i st. Paul Railway company, and Vice
President Julius Wadsworth confirmed the
accuracy of the report. He said that Mer
rill had arrived, and that the signing of
the agreement was completed yesterday.
Wadsworth declined to state the particu-
lars of the agreement or the length of time
il was to run, saying it was IN escrow and
would not be published. He added, how
ever, the door has been left open, so that
the Northwestern and other roads could
come into the arrangement.
CHICAGO, Dec. 1.-THE announcement
that twenty five years compact had been
signed in New York between the Union
Pacific, Rock Island and st. Paul roads is
acce pied here as fact, and is looked upon
by other members of the pool as the eul
mination of the policy of the st. Paul road
as outlined By 1t when it gave its first
notice of its intention to withdraw from
the combination. Officials hsre do not
think the terms OF the tripartite agree.
ment has been correctly stated. General
Manager Potter, of the Burlington road,
this morning declared he did not believe
the three roads had signed any compact
which contemp plated any attempt on their
part to control all the business OF the
Union Pacific. The managers had author
ity to make any such agreement. In his
opinion the compact provided that the
lines should maintain the divisions as
between the Iowa lines and the Union
Pacific, as between the local lines now in
force. Mr.. Potter also expressed the
opinion that the entire affair was largely a
street movement to bear the Burlington
stock in particular, and his rivals did not
enter upon career Of open warfare as
confirming the fact that the Rock bland
and st. Paul reads have pooled their issues
for the present campaign. The former
road this morning notified tbs Burlington
Of its intention to withdraw from the
IcHa passenger pool on January 1st, of
which it has been member for the past
fourteen years. 1t has given 10 sign. L
contem plates retiring from freight pool az
well, but notice to that effect would not be
considered as surprising, and which would
place it on the same footing with its cor
fsderate, the ST. Peul company, at the be-
ginning of the year and allow it to perfect
its freedom of action as against the other
Iowa roads. The adjourned meeting of
| the Omaha lines which was set for Thurs-
day OF this week has been postponed to
| Tuesday Of next week, when the terms of
| the compact is expected to be made
known to the other lines, and the fact that
the announcement is made, that they can
| join the new alliance is looked upon as a
nat on the part of the Rock Island and the
| st. Paul roads, that the other roads can
! join the new peol, but on terms proposed
by them. This is the view of the ajority
of the officials conversed with to day,
on the result of that adjourned
conference. 1t is deemed the in
terests of the certainty of peace sr war.
CHIcAso, Dec. 1.-THE tripartite agree
ment of the Chicago, Milwaukee & St.Peul,
| Union Pacific and Rock Island roads,Which
was signed Monday in New York, runs for
twenty five years bat is terminable at a
Shorter period, which shall not be less than
five years from date and then only on one
years notice, SO that the agreement holds
good for six years from date in any event.
There is clause allowing other roads in
the present Iowa pool TO enter on
such terms as the three con-
tracing roads shall make. The
agreement calls for the Interchange of all
business except sach as Is designated TO GO
| by certain route. The Roc. Island and
st. Paul are to get ell tie Union Pacific
traffic, and that of the first named roads
must go to the Union Pacific. There is g
enlargement between the Rock Island
and st. Paul which calls for the pooling Of
the Omaha business. The tripartits agree
ment goes into effect Jan. II, 1884.