New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1883-04-26

MONEY SETTLEMENTS TO BE MADE.
AN IMPORTANT AGREEMENT AFFECTING THE PAS
sENGER POOLS.
An important step was taken yesterday III tiio
progress toward the thorough organization OF the
ern passenger pool An agreement was reacned ior 'o
settlement in money payments OF the balances acclue
TO of the roads under the temporary percentuee
awarded by Commissioners Fink time ago Inc
meeting was held the readngroom OF the
Windsor Hotel and was attended by Mr.. FINK
who has recovered sufficiently from his reccu'
illness to he able to leave his room. Besides the gen
era passenger agents OF the roads In the Joint Executive
Committee the general managers Of most of the lines
were present at the meeting.
In May last railroads agreed to make division OF
their passenger business similar to that provided for ny
the agreement regarding freghts. At first 1t was III
tended that pool should be made OF ali passenger eah
ngs whether der we'd from through or local DusncS''
Dinerential rates adopted in order to induce
general maintenance Of rates in the competition
between weak and strong lines. High rates were
fixed for the lines best adapted 10 attract travellers anu
lower accorded the roads which possesseu
inferior equipment and connections 1t was subseqeny
found that local travel could not be divided wtnou
creating too great antagonism between the western
roads The original agreement then was modihed 80 -
TO provide for division OF the business only Tor tne
places which dinerentia fares were established
Percentages Of the business which each line was ikeS
TO earn under ordinary circumstances were
then fixed by Commissioner Fink, FINK; lney nss.
scnger business between New York and Boston. IN
the East aud G. ncinnat ST. Louis and Chicago IN the
West IL was agreed that the dhercndl fares should DC
tried as an experiment sec whether under then ue
actual course OF traffic would keep close reiaph "
Mr.. Finks percentages ,.,..
IL was considered doubtful some time ago, wnether
the Wrstern roads would consent 10 money setements
under this plan division Many OF them were suspected
OF being ready 20 assent TO plan that would prevent
their competitors from cutting rates. but which woud
rcquirV them that exceeded their pcrcenge
to turn over the Of earnings In cash 20 the ZINES
| that had fallen behind. Az the meeting yesterday
| the pl0n providing for this money settlement was
approved by OF tho general managers
| There was much discussion looking 10
modification Of the percentages under which the settle
ment will be made. IL finally resolved 10 accept
Mr. Finks figures. and apply them 70 the business
covering the last six months ending on February - On
the accommodation OF Mr. Fink deduction OF 20 per
cent was mi ormy allowed on the money balances TO- be
paid This deduction made TO cover the posslOlly
OF mistakes the statistics of travel by the dinerent
rout on which Mr. Fink made mp his award.
In the afternoon conference OF the general passenger
agents was held 10 arrange the details for contract TO
cover division OF the earnings for the next six months
No definite action taken and the meeting VIII CON
tnuc to-day Details have not yet been dealt WIN u!
the committee