Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-12-14
The Crest Pool.

CHICAGO, Dec. 13.-General Manager Clark,
of the Union Pacific railroad stated to repre-
sentative of the associated press this afternoon,
details of the compact entered into at New York
between the Union Pacific, ST. Paul and Rock
Island roads. The text OF the agreement would
prevent its publication, owing to its length, but
the Union Pacific had no desire to preserve Sc
crecy, as he had the character of the document.
The announcement that the agreement is to run
twenty-five years is correct, as also is the state
ment that the three roads are bound by the
agreement for the full period, and can only be
released on giving i've years notice. The pub
ished statement that the agreement contem-
plates pooling Of business is cor
rect, and does not necessarily
disturb the status of the old Iowa pool or any of
their compacts. which the FIVE Iowa lines may
enter into. 1t is. said Mr.. Clark, q defensive
and offensive alliance, the terms of which, in
brief, are: it makes the terminus of the Union
Pacific railroad at Chicago, instead Of Omaha,
for competition business. The compact is not
discriminating in any sense. 1t does lot speak
OF the local business of the Northern Pacific
road, and it is open for any of the five Iowa lines
to sign it. On further explaining tho scope of
the alliance Mr.. Clark said it was the necessary
outcome of the reads building into the terri
tory of the Union Pacific, the lines of which
had simply been feeders of the Union Pacific
and were now its rivals at various points along
the line Of that road as far west as Denver.
These rivals, which formerly had their termi-
nus at Chicago and Omaha, now had their west
eTn rminus at points beyond Omaha, while
the Union Pacific on the other hand, had its
eastern terminus Omaha, until by signing the
present agreem, ut it was placed on even terms
with its competitor, and had to all intents and
purposes direct line to Chicago. The COM
pact provides, that in the event of break in
III h; bod tvoin- ofo
p int on the Union Payifc, commencing at Salt
LAKE and Ogden, on eastbound business, its
confederates will bear their pro rata if the cut
is from Omaha east In tie present contest
between the Union Pacific and the Rio Grande
| on the . tab business, which is now carried on
By the Unon Pacific alone, it will be shared by
the two connecting lines. ''The extension of
the Burlington any other Iowa line west Of
Omaha causes it to appear in dual role,'' said
ticCiark. ''While the Union Pacific is carryit g
oil contest with the BurliDgton's extension,
west of the Missouri river, the Burlington is
col, sng the fcu pool division of the through
r,+e -, the ',>nsiness laid down by CUR road az
Omaha. and by tina rletllui, is enabled 10 carry
On the contest ipdefnitely. The ,~'hance entered
into is simply to allow US fair hehtiig
chance for tie connective business, and shOu,I
tend to maintain rates instead Of disturbii 6
+hem'' Mr. Clark further stated the compa ct
dental way, and to the effe ct that the three roads
il the interest should work in harmony in the
| event OF cut in rates. Mr.. Clark contendod
if the break in rates occurred it would 6eforced
| as the situation was not outwardly changed
| from the period prior to the disagreement il
the Iowa pool. If the Iowa pool roads could
settle the question then the business status was
being unchanged Mr. Clark said no formal
invitation had been made 10 the other three
fIct liz
well aware they could eater it. When
requested to state the specific terms
under which they Could join, he thought it I'M
polite at the PRESENT to do SO. He finally Said
IN his view, t4,ere was every reason whe-e all tn
lines SHOULD form part of the alliance, and hi
desiref. co clear away the idea that by the com
| PACE the Union Pacific contemplated turnin
over all its business to the two roads. All tn
local business of the Union Pacific would here
after, as formerly, be delivered to the roads q
Omaha to which it was consigned. The uncon
signed business would be delivered to the low
pool if it remained II existence and IL not, tn 81
it would go to such roads as will be named b.
} the Union Pacific. When the character of tn
agreement was made known it die not az
pear among the officials converted with
, that any chances were open for wa
For the roads east OF the Missouri river to bea
| O portion OF the cut in rates caused by the wa
now wseing north Of that river, meant com
, plete change ON the complexion of the existing
condition Of affairs. The absolute agreemen
by two Of the Iowa pool roads to accept such
proviso, means necessarily, q complete chang
in the relations of the Iowa pool roads tewar
each Other and hes made moro uncertain tina
ever the continuance of the Iowa pool. On
interested Official in summing up the natts
said. the question resolved itself into this
whether all the Iowa roads would join with ii
Union Pacific and aba don the Rio Grarde {
whether portion of them would ally thei
fort1Ines VITA The Iatteg cOmpalY.