Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-11-26

declined to make the compromise have
presented their coupons and been refused
payment. AS long as they are not paid
the holders will hardly permit dividend
to be paid. Since the issuance of the cir
cular the sales of stock have been large on
behalf of insiders, the firms most closely
identified with the management having
sold millions.
"The real causes of the present troubles
among the Iowa pool lines," said promi
nent railroad official yesterday, ''have
not yet transpired. Internal dis
sensions have existed in the
Iowa pool for nearly year past, which
necessarily had to lead to serious compli-
cations in the end. The trouble has been
caused not SO much by the competition
between the rosds in the pool as by the
rivalry between the Burling and the Union
Pacific regarding the Nebraska live stock
business. The business from points on
the Union Pacific in Nebraska goes into
the pool, but the business from points on
the Burlington in Nebraska, south of the
Platte, does not. The Union Pacific has
all along been dissatisfied with the arrange
ment, claiming that the Burlington did
not act fairly, and, therefore.
has been string up strife among the Coun
Gil Bluffs lines by giving most of its bust
ness at that point to the Milwaukee q st.
Paul and the Rock Island. The two last
named roads being as jealous of the Bur-
lington as the Union Pacific, were only too
glad to act in harmony with the latter"
That there is something in the above
explanation seems to be indicated by the
fact that as soon as it became known that
rupture had occurred in the Iowa pool,
General Manager I. h. q. Clarke, of the
Union Pacific, came here and for three
days had private conferences with the
general managers of the Milwaukee &
st. Paul aud the Rock Island.
The fact, also, that the Rock Island has
carried almost as much of the live stock
business as the Milwaukee & st. Paul,
though it readily paid into the pool the
amount of its surplus earnings, and has
rather sympathized with the Milwaukee &
st. Paul in this matter, indicates that it
would rather see the pool go to pieces than
not. The claim by the Milwaukee & st.
Paul that It's main grievance is the refusal
of the Rock Island and the other Iowa
lines to admit it into the Council Bluffs
passenger pool in fair times is believed to
be simply blind to cover up
the secret understanding that
exists between the UHion Pacific
and the Milwaukee & st. Paul and Rock
Island roads. The meeting of the Iowa
pool to be held at Commissioner Midg-
ley's Office in Chicago next Wednesday is
looked forward to with much anxiety. If
the meeting fails to devise plan by which
the existing difficulties can be adjusted in
satisfactory manner, no further efforts
can save the pool from going out of exist
ence December Is, and if it does it will not
be possible to maintain any longer the
northwestern traffic association
of the Colorado pool. The
southwestern association, however,
is not likely to be affected by the fight, as
no serious dissensions exist among the
lines in this pool, and the Milwaukee d st.
Paul has no Independent line to South
western association points, and there
fore will not be able to give this pool
much trouble.
The stock exchange will not be in session
on Monday, on account of the celebration
of evacuation day in New York.