New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-02-02
WEARY OF THE POOLS.
WANTING TO ABANDON SETTLEMENTS.
THE GRAND TRUNK RAISES AN OBJECTION 10 HE
PRESENT BASIS OF EvENING-CP.
Tho action of tho Chica 90 and Grand Irunk

THE GRAND TRUNK RAISES AN OBJECTION TO The
PRESENT BASIS OF EvENING-UP.
The action of the Chicago and Grand Trunk
Railroad IN giving notice OF withdrawal from the I'M
cago east hound freight pool Is recognized geheraiy III
railroad circles ms equivalent to dissolution OF that
pool II is feared that the trunk line pool Will also De
dissolved, not as consequence OF the conduoh
OF affairs at Chicago because OF the same reasons
which are likely to influence the course OF the chicago
lines Since the last meeting OF the trunk line press
when the agreements for maintaining rates were apa
doned the only semblance of the pool organizations t
has been kept up has been the system OF paying e
ances due from road another on the differences
between the agreed and the actual traffic or
the roads, and these have been settled upon
the basis Of tariff rates. Commissioner FINN
has sent ont the drafts against the companies
which are over in the pool December and none OF
them has been protested The drafts for January will
not he drawn until the middle OF next MONTH aocor"s
The Grand Trunk of Canada. however, has already
raised question To the basis upon when setlenenbs
should be made considerably ahead in the eastbouhd
trunk line pool for and January 1t contends
that some allowance should he made for the business
which are not members Of the eas-bound trunk line
dead freight pool although the Lacka wanna Is mem
her of the live stock pool IL argues tnat as hr c mem
lines have carried large proportion Of the IN, ,nrSn a
traffic which divided before they came INTO tbe hei,
division which is not fair to it, the Grand Trunk: u
f pSoiSd 'n has not been disturbed by the
comp tton of the new m irS,: ,D, which in,a
have drawn their proportions from Tue
the pool by the other trun& lines Hence II ems
are made under the old percentages the Grand Trunk ],
compelled to let part of lts own proportion IN oer
make what the other pool lines nave IoSt through te
competition OF the I.ackawanna and the nest shore
The position of the Grand Trunk Is resented ny tne
other pool roads and it likely lead to proposition TO
suspend monthly settlements The Railroad
the last meeting OF the presidents IN iaNor oI
sspending pool settlements but that proposed action
was voted down by the other lines In the hope That me
decentralization of rates would not so so Iar as II h'5
gone The New-York Central is now. however Ia mooI
more yOrable abandonment OF the pool IMAM u
was then. wel-iufOrmed officer OF one OF the uuhA
lines described the situation this way:
"The pools established Tor tne purpose W
maintaining equal rates upon friendly dlvi-
sion of business. Now that rates are al
sea with every road looking ont for itself the poor ma
failed OF its object Why. then, should settlements uhue
Del cenages made at tariff rates, which every fohn
knows to be fictitious Under the circumstances II
more tnan their allotted percentages NJ eqia r are
TO taxed help support the weak II e. when a 9e-
hind their proportions and yet are responsibc LOT ne
mOraiZatiun of rates. The main OBJECT OF the lool has
broken down why. then should IL he kept up y
IL hard see however how the roads can abandon
settlements without general agreement Inc unilS
line bound contract runs by an agreement sgned
and sealed Officially, until March. 1857 except III INC
case the Grand Trunk, which has gwen year ol'c
OF its withdrawal II specially permitted 10 40.
The bound contract be withdrawn from hlleI
ninety days notice. In case one poor ro t
should insist upon the continuance OF lhe
cast-bornd agreement. IL could not be abandoned
except by n gross violation of good faith by the con
they hold their own at equal rates rear mat
the weaker lines desire to Insist upon settlements
II is suggested that release from It's engageineht'
might he obtained by a company In case ~ hligaon 10
compe abandon settlements the ground tha hey
are Injurious the stockholders, and that the contract
IS under the common law. Illegal conspiracy.