The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-09-29

Anew ioNhi Ssps, .S.--A PhtlRd9l-
phia specal to tho Herald saws the
most stupsndous deal in railroad m at
ters ever known in this country has
just been complntsd, by which the
Pennsylvania, BN.imsre & OHIO, and
RoedlnB oompaiit.a reach an n,nicaDlu
and equitable understanding. The
deal In in the nature OF a compromise
between the managers ois the Ealti-
moro u Ohio aua tho Penusyivs-
mia railroads. The conferans,
leading up TO thls important trea v
has been going on Ter 10 days psst.
and the tiual result was reached AT a
late hour Saturday sight in the shape
OF au agreement upon terms thar will
form bssis OF a acontrnct for a long
term OF years bet = cen tho Balti ~ ore
q Ohio and the Pennsylvania com
panies. The proposition came from Tn q
latter corporation, and is predicated
upon condition precedent that the
ether party to tho agreement will not
extend its trade To Now York, and
viii definitely abandon its proposed
connestion with the Resdtng road In
this city. Ihe Pennuylvania COM
10 transfer all baltimore \
Ohio's freight and passenger business
over its Now Jersey division on the
same pro rata terms paid for its own
trailic that this transportation shall not
bo embarrassed IN any way, and that
freight and passengers shall be moved
as expeditiously as Psupsylynnja's
own business. Tho Baltimore IL Ohio
Ia 10 agreo not 10 take any inltinti 90
while tho contracts are in force In
cutting rates from the West to Nav
York or East. It is stated upon the
highest authority that these oysrtures
have been accepted. Railroad officials
tsy tho debts arc part of the general
harmony scheme among the great
trunk liues. AS soon as the contracts
havO oil been sisued, the Penusy lyauia,
Baltimore & OHIO and New YORK Gem
,rsl roads viii ~ once form a pool,
which VIII be strong enough to com.
mand peace between The RreaG trunk
systons, end they further assert that
a policy Of peace will follow upon q
nriner basis than that on which any
previous agreement has stood.
Tho Erie lines are stiil worried over
their omission from tho cotton arbi
nary book OF the Texas lines. on Sat
urday q. Il, Dean, agent OF the Great
Western Dispatch, alter his conyerl a.
tion with a Post.Dlspgtch reporter,
sent TO tho Offices Of tho Texas ,y ST,
Louis and Missouri Pacific roads, and
asked foi one OF tho arbitrary books,
but was loiusee. Ho managed 10 OBJ
tain ono, however, aud mailed IL to
the headquarters Of the Erie road. lie
also communicated with the Eric peo.
plo by wic, and learned that they
knew nothing oi tho matter. Speak.
inS OF MIR. Olds' explanation that the
Ene erbitraries were probably not
rs low a. thoso of father
lines, Mr.. Dean remarked very
oinphatically that II was "all ia your
eve, Bottle Martin" There were Ger.
tain poiuts veachsd In common by he
Great Western Dispatch and tho
Boosatoniu Tunnel linea. There were
other points reached In common by
the Great Western Dispatcn pnj
West Shore. Wherever The srb(tra.
rioa were the same by all the liues, all
tho lines eNcep. the Eric aud Lacka
wanna we're mentioned IN tho arbltro-
tton book opposite tho name of the
point. A thorough investigation OF
tho matter will undoubtedly be insti-
tutcd by the Erie, and Iurtner dovel-
0pmenIs may b. looked TOR Ia a couple
of days. Last week tho o,at-bounu
roads notified all shippers that ratss
which have for s0me time been In au
intensely demoralized condition,
would be advanced this morning, aud
that they would DO "strictly main
lsinod." AZ rates east-bound bayr
been advanced on paper ON nm average
OF onoo week for four months
past, this announcement would
navr hau little ef,eut wer,
IL not that tho rstss west b0und had
actually beon advanced and wsre bc.
q mhntainod. Snif pors w,o had
any amount OF freight TO offer thir
morning, however, ssnt II forward al
ne satns ratos that prev ailed last
seek, aud some shippers arc und.r.
stood TO have sn option at tnose rates
lor several days 10 come. Thts is the
say advances do not advance in b.,
Louie.