New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-23
OPINIONS ABOUT RAILROADS..
r,voR1Nc ANATGoNAL COMMISSION.
TESTIMONY REFoRE THE INTER STATE COMMERCE.
COMMITTEE.

COMMITTEE.
Tho Senate Committee on Inter stateasbm-
merce yesterday morning al lh1 TpImebard formerly
vice president OF the New York, Lake Enc anu WEI 81
Railroad Company. Mr. Blanchard TOOK up .ie d in
,jons in circular issued by the committee ana III
answering such Of them as came III Ihe Ianso VI MS
experience as and universal competition of the great
WATERWAYS ali over the country makes exortlon on ,o
narf of the railroads of tho United STATES 90 a
W @ ia not the rule II may he defined rs an
unjust difference OF rates when pulus ny ~ cx
at the expense of another Inc pest P onIl no
trtion ia nnbctv The great lines OF roads snoua oo
compeed to post their rates from an prio ta hnt in
he scahoard not only in their own OFFICES, pu' III
public buildings in the principal and P"C Custom ON
ina route. such as Post Onu t,s.-od w. ,arU and
h6 he xed by law The tribunal which It is sought
10 establish should punish wthoutiear OF Ta aug ~
which should violate the rate publicly advertiser. iso
fnitad states Government owes fully az much IN me
wav of protection to investors IN the SecnIls ul SUN
roads as to the farmers shippers ana receivers oi
freight" .,,uoo,,s a., oo,,olizor. NJ land
oIncs aud taxes even more than the laws me diIer
rence be ween pooling here ana abroad as ne
H. is outlined follows: Inc American poor ~
enemy of the law while the railroad ciearng-hOuse OF
England recognized by law and can sue ana DO sued
Tn Ia an inquiry OF Senator Miller, ne expressed
he relief that the farmers OF Western New York, whose
lands have risen $50 to $500 an acre, Mh S o
TRANSPORTING their produce has been reduced 10 ohe-ha
the original rates. mad shared lary III he AZ
tending increased capitalization OF railroads. Cnntinu
ING he said: In the building OF new road, the Ma
tional Commission should have submitted 10 " inc
GNanca scheme of the projected enterprise, and the
Commission's approval should be necessary before the
cbarter of the road could he obtained"
Mr. blanchard was followed by Arthur i. Hadley,
lecturcr nj VA lie College who has made special study
of railroad history and conditions both III Europe anu III
Al the afternoon session the first hearing was given
10 James H. Seymour. OF the Mercantile EXchange VINO
the railroad mercantile agricultural. financial and
the manufacturing and labor Interests Inc great
with railroad management at present Is ihat oicias
regard IL as a private business and not pubic one
Ex-Mayor franklin Edison, representing tine Produce
Exchange said that the merchants IN Newlork desired
two Things as primary remedies OF the present evils OF
rail road management: first, the establishment OF Sc
curty with which they may receive or ship their goods
from one state To another second the establishment OF
uniformity OF rates. Both remedies could DC appIed
Only by Congress. Any legislation by congress must pe
proceeicd with cOnservavely 40 as not TO invade the
rights acquired by the railroads from the several states
commission like the Board oil Iradc o, Ehgiahn Soll
determine all these questions member Oh the C|oi-
NET should be at the head OF IL.
President J. H. Hcrrick OF the Produce Exchange. said
that the railroads had formed an arbitrary pool inc
temptations Of members OF the pool to cut inc fsto nau
been so great that ~ hAd Dceh secreuy uone inJ
suit that individuals secure determinations Whlon
were unjust TO all others commission was heeuea
which should compel public rate OF Iregh.i ans, noos
Of changes which might be necessary by the dheIlhg
conditions and seasons There should also be UNIFORM
Henry V. Poor compiler OF Poor's Nanudi, answering
inquiries by senator Cuom said that nothing shouu pe
paid on watered stock Inc average loi ,hoo
actually Invested Ia the railroads Of s country were
per cent IL would be injurious for the Government TO
undertake any control OF the railroads. n'er IMAM tno
gathering OF statistics Tic Government should not m
no stop the building OF railroad than III cOud an
iron mill a cotton factory Tie proper Tribunals 10
take or railroads were uc Htatcs III. WAS
quesed TO furnish statement Of the cost OF the con-
sructon OF railroads and the amount TO whlch STOCKS
have been wateTcd.
The committee will It's labOrs here to-day. and be-
gin at Boston on Monday three days session PM
adelphid aud Chicago will afterward lbs visited. -
The committee accepted an invitation from the Ma
tiOnal Press Intelligence Company to view today Tue
paintings aud statuary IN their rooms, No. LIZ
Broadway. including Nchligs great painting OF
PocahOntas." Nenln0s =" King Lear and Coricih ,:
H. Boards d" Bird In the hand worth two IN the BUSH
Fdrinis noble head In marble Of " Ruth the CLEANER
and his bronze statnette OF Flor do Pcnslero."
MOrcau's The Wind. In bronze ana new portrait hy
Otto Nenino OF General Sheridan never before seen III
hubble number OF the more prominent subsrrbctN OF
the company have been invited TO meet the committee
informally,