The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-12-12
The Chicago and Ohio River Pool Reorgan-
izR6

The officers of the roads in the Chicago and
Ohio River pool reassembled at 8 A. NJ. yesterday,
and were apparently in better humor than on
the night before, when they retired with the
pool situation exceedingly shaky Immediately
on their coming together, NJ E. Ingalls,,
president of the c.. L., St. L. e. c.,
moved that the first, second, fourth and fifth pools
in the old pool should be settled on the basis
of per cents suggested by the committee. This
was unanimously adopted. The committee on
the third pool-namely, the Cincinnati and Chi
cago pool appointed the night before-not being
ready to report the reorganization of the new
pool was undertaken and action in the matter
was Unexpectedly harmonious On four of the
pools the awards in the old pool We're, in the
main, the basis of per cents while in the Louis
vile and Chicago pool slight change in per
cents was made in favor of the L.. N A. & e.
This agreed to, the matter of allowing differ
entail rate TO the c., H. g. D.,
the l., B. & w. and the Chicago q East
ern Illinois was brought up for consideration,
and, aftera short discussion it was voted toabol-
ish this dilferenJal, which has been 81 between
Cincinnati and Chicago, and 10 cents between
indianapolis and Chicago. The length of the
existence of the new pool was then discussed,
and it was finally fixed to be in force until Dec.
81, 1885, fourteen months. The per cents. are
subject to revision on thirty days notice after
April l, the REIMBURSEMENT of per cents, should
there be one not to be based on the business
done by the roads in the new pool prior to that
date. The committee the Cincinnati and
Chicago pool which the most troublesome
to settle, then reported. The report not
being satisfactory the matter was taken up oy
the general meeting. President Ingalls, broke
the ice by making concession, he expressing
Willingness to pay certain sum OF money to
settle the trouble as far as his road was con
cerned Manager McCrea, of tho c., St
L. e. P, which is also a road which
has TO pay something into the pool also made
concessions on the part of the O.. St H. 81 T.
C. G. Waite. manager OF the T., IL q D. and
John Carson, manager of the L., N. A. a. G.,
both of whose roads short in their pool per
cents. offered to make concessions on
their part This done, President Ma
lott suggested that compromise
be made on certain per cent. of earnings of the
original Chicago and Ohio river pool the first
year of its existence. The per cent. he suggest
ed was cut down little and then it was agreed
to by the several roads. To state what amount
the O. l., st. l. & c. or the c., St l.. q p. will
need to pay over to their competitors would
be mere speculation as it will require consider
able figuring to learn results, but 1t is stated
that President ingalls, will cut down his amount
to paw into the pooto figure whichwill be much
easier to nay over than $36.000. The pool ques
ton being settled, it was unanimously agreed to
strictly adhere tic the tariff rates, and telegram
signed by Presidential t. Ingalls,, managers }. h.
Carson, C. c. Waite, C. Il. Henderson, James Nc
Crea and Col Robert Forsythe, was sent to the
general passenger agents Of the several roads in
the pool, reading as fellows: The Chicago anu
Ohio River pool is re established until Dec. 81
1885. All passenger rates to and from all points
on traffic covered 10y the Chicago ami Ohio river
pool agreement must be Immediately restored,
and no deviation made from established rates.
A tele gram of a similar character signed by the
same officials, sent to the general freight
agents Of the respective lines. Commissioner
Richardson was instructed to notify the proper
officials of the Wabash the Illinois Central and
the Evansville & Ferre Haute roads that they
were now ready to listen to propositions by
which their lines shall become members of the
Chicago and Ohio River pool