New-York tribune., 1884-11-30
RAILROAD INTERESTS
THE NEw.YORK AND NEw-ENgLAND.
sgowiSo MADE BY RECEIVER CLARK ~ rHr AN
pr
fsY rsLyeRArn ro rns tRiBussl


Bosrov. Nov. 2g.-The annual reports OF all
the railroads entering IN Boston are pecnafy interest
,,, ,ts ,t,, ,erapse ~ the iiiusua Influences that
hove nretntnd aralst thelf business ut nome are more
so than I'm. ~ the New yotk and New England THIS ~
s6 teib teafae ~ The vide distribution Di s sttnfites
anl ,he fae, that fJt nliie months ~ WV
nseai yeaf, ending 0n September w, ~
has beei m the hands ~ fteevet tuner sn ~ ~tm'ey
pl management and controlled ~ ai tiiittls aihtteni
peileg fien, iLai rhieh prevailed iittlbtst: ihe
u,esayi critical pdliian ~ 10 hhhrt aHas me t"
lgoge,sp he gllh epfiaH speHif hm1tf' hhh htteFe
fiags aNd lbg nGHhi ianeNr HFt' t iNtt ~ we f'''
aHr add ~ hls feeling ihf itmil "a ls'Ht' ' a''r'
unon aud accompanying iha dieelH's s'sltph' t""'
a l,uatny ans from neerFer lials which btSal'
reyieyBg in detail his management ahd pnii h'ssp' y
flI reuy to lose yLn have bren The mast severe w
tbor criticism of him Mr. clark diydes hts staesh'
into three topic, which the enemies of hls mAh"snhe
have, durng tho past year. made 'he "''"''
bic grounds Of tIolr aiblcks' Ila' ~,
the car trust equipment through western business a'
the coal traffic Io describes the condition ana extent
Of the rolling stock when he assumed control and gives
his reasons for housing some locomotives and buying
o,hers There are are 80 locomotives, Is coaches,
baggagecars cxprcss-cars 80 caboose., 300 eight
wheel boxcars and 02O eight wheel coalcars IN posses
sion OF the road under contracts with the owners repre-
sentcd by n Car Trust Association
He the gross earnings OF the freight department
during the nscal year -to9s''' i'So '''" ''''
pored for the previous year. More than $4,000 OF TINS
do0cicncy represent rebates business reported aS
earned I'm the previous year Low rates have preraicd
On all through business from the West by all the con-
neetions There has been general depression III
local manufacturing industries and portion ol
| the through business. NANNY thaV "o"o
in connection with the Erie Railroad to Boston, has Deeh
discontinued for five or six months; ,,,,. ., 4,
MIR clark explans the which led him to cut o,
the through business OF the road concerning whi'i
| action there has of late been much comment ana
| criticism lie says that this business has yielde,a,
,,i1 less than three mills per ton per mile TO the t
by the NewYork Central and Boston and Albany thcii
distance from Buffalo 10 Boston being 2oo mics, ~ re ~
plain that and line east oi Buffalo wanting 70 huac
business do II FOR as small portion Oh tne u,IpS
rate Us the Ncw-York Central aud Boston ana Ao',
the New-york and New.Ensand line ,,.ri from m
KY nnS mcs the s@me frcSRt would yield les, two
and hall mills per ton per mile 1t cannot ne petema.
The quantity Of freight offered has not natGrlnIy@ @ W.
creased. but the numbero roads wanting business @ n"
been added i t" OF late ySfr cf od nn 's
"It was known" he continues. before our road was
way OF Fishkll must always compete i"r western o",
I, ness at disadvantage IN the o's',heu' ,hon ,hc
c"st cost Of doing the business by oar line;
we cannot afford To compete for H. even II n'.or @ n, @
shorter lines can do II at profit for we should tax our
other net revenue already insufficient to pay our nNed
charges Ivy the amount Of our loss III dolg ", anu Wv
more of such business do the greater VIII DE thc
Great have been entertained OF tho proht
he derive from the transportation 9i coa nerI @ dI ~
e..
thc Uuison River These anticlpations have not yct
been realized but full development OF tins tfaihc can
moi be accomplished in single car, or III TWO, or thie'
The efforts of management from the opening OF t
| road were directed toward getting IA portion oil
This traffic and vigorous competition was Instituted a
unction and points Efforts were early directed
10 Nh, establishment OF uniform price from the river 10
n points ~ East Hartford, but tins was npo'sl-
bic without losing tonnage al junction points unless ny
arln cement with competitors. But II hn7 pccn ci-
fected ana price charged Is uniform over an t
districts named whether local or competitive Inc ihct
thai the road ercompetition a
II impossible II place coal in That city al this UNI
| form rate. but IL Is there fixed at a hgnIe
| which paws n trfo than cost In con
cludng his statement Mr. Clark says the result OF the
wears business IA unsatisfactory hut the hgnres under
consideration which record the transactions OF the whole
wear from October J. 1888 To the same date In ls-l are
more d-couTn ging than the situation warrans:s ne
wear has of general depression he sd, ana
our local business has not quite held s own Instead OF
showing an increase sure ir would otherwise
have done. The problem f. TO earn an average net
revenue of ~ 900 per month. Evidently we need all
the having business get and cannot afford TO
work AT loss. / certain that We are pursuing the
|! right course"
debt So deduct SUPPLIES etc, fi1cool 81
total 33s 3D. To this must be added II the hoatln
debt is TO brought to january l. 1852 ten per cent OF
car trust due April the payment OF which was c1tcueu
10 October l. $4,000; three months Interest on me
first mortgage January /. SlO5,0OO; three months
interest ON second mortgage to January !, SiZioo
total ~ less estnntednet earnings Tor three
months Slj9,sl3 81; leaving net DEBT January l.