New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-09-04
POOL REVISION PROPOSED.
RETIREMENT OF ARBITRATOR ADAMS.
HOPING TO PREVENT WAR OF RATES by NEW
ARRANGEMENTS.

HOPING TO PREVENT WAR OF RATES BY NEW
ARRANGEMENTS.
The resignation of Charles Francis Adams, ir, az
arbitrator Of the railroads which members Of the
trunk line commission has been accepted. and he no
longer will perform the duties OF that Office The
reason assigned by Mr. Adams for Withdrawing from
the place il the pressure Of busno. alars especially
those connected with his presidency of the Union
Pacific Railroad lie sent in his resignation ON July
but the trunk lines persuaded him to bold II In abey-
ance until they could find successor for the position
In case they could not induce him to ren,nnce hi' de-
termination Mr. Adams was frequently appealed to
In many disputes which have arisen between the roads
for several years past but only since the reorgansa
tion of the pooling agreements which followed the
rae-var Of 1881 has he held the office of permanent
arbitrator tn to the present time he ha7 taken part
in tbe various atbitraons whih have been held since
july last but his percmptrry nsislance upon ma
resignation has finally compelled the trunk lines 10
accept t
II is probable that NJ Adama- action viii lead 20 an
ahplainen If hs Office aud the reorganization of tho
present ayalpm Of adjusting the dnetphres between
tho ptnl roads Tho plan of huaid ~ admiration has
not worked satisfactorily, ani ihaie hoe hrrh slow
realization IT the tact that hn hurirna ot arbitration
have been tuo heavy tor petaona not constantly do
voted to tho business of the pool 10 bear tndcr tho
old agreements tha roads accepted tomniasinner
Fmk's decisions on disputed percentage aud other
questions aud IL Is likely that return TO hn 81 MS
powers possihy with new oNIaiona Will be tho
result of Mr. Adas's retirement Ii Is now generally
conceded that Mr. Fnk's position is one which enables
| him to bring more Judgment, mpartiality aud knoWI
| edge to tie consideration of railroad problems than
are likely be possessed by persons not 50 constantly
busted with the interests of the pools
This matter will be of the several questions TO be
| Il. Flauftp np.h Ia
| ably be held here tomorrow The principal subject
to he submitted the meeting however Is the request
| of the Grand Trunk of Canada for reopenng of tho
question of the east-bound Chicago freight pool per-
cenages but from its consideration discussion OF the
principles of arbitration Is expected to result III ID
undo crstood that Mr. Fink is favorable to reconsider
alton of the Grand Trunks case as he satisfied tna'
the decision of Mr. Adams and his colleagues MesSrs.
| Riddle and Gaut was made without thQroush di
| mission and examination of the arguments tlat coud
| be adduccd while in addition new supporting proofs
are alleged be in the power of that road To produce
| Mr. Fink holds that the Grand Trunk has violated no
purt of the spirit of the railroad agreement in asking
for reOpenng of its As II expresses MS Wlhg
ness to abide by the Commissioners award pending
settlement of the present matter and bases ITS request
for a reopenng, dissatisfaction with the per
centagcs awarded but upon the assertion that all tho
evidence necessary for proper decision was not al
mltted to the consideration OF the arbltrat0s close
friend of the Commissioner said yesterday: ." III Mr.
Fink was not favorable to the Grand Trunks Tequest
it would be rejected by the other roads bat hs in-
huence is such that the consideration of what might
result from nsstance upon the arbtrators awaru
| will probably not be necessary alter the proposed
conference Mr. Fink's awards are more likely to DO
just than any made by outside persons, prominent as
they may be in the railroad world lie l. devoted TO
the pool from principle; money considerations do not
hold him in his place, and he l. perfectly Wiling at any
moment 10 resign it if his usefulness In lnpattlAiy
conserving the interests of the lines Is believed to DO
| al an end -,
The coming meeting will also discuss the adNlSaoll'
| itv and necessity of reducing freight rates. IL II
believed that the tariff live stock and dressed meats
will be put down simply because the roads are openly
billing shipments below the tariff but It II hoped that
the result of the meeting will be such that the present
cutting of grain and flour rates can Ice prevented rom
extending II is generally recognized that unless
partial reorganization of the pool agreements can bo
effected there will be widespread disregard Oi the
| existing obgations of the lines.