New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-05-27
NO RESTORATION OF RATES.
APPROVING POOL REORGANIZATION.


CONFERENCE OF TRUNK LINE PRESIDENTS AND
WESTERN MANAGERs-RATEs LOWER
No steps were taken at the conference at
Commissioner Finks Office between the trunk line
presidents and the managers of the Chicago railroads
for restoration Of rates. The meeting contrary to the
general Idea entertained in Vail Street. not called
in response to the efforts made by Jay Gould to secure
advance In rates but held by previous agreement
to receive the report of the Chicago railway managers
who have been ntrusted with the work of reorganizng
tie Western pools. 1t a matter of comment by
some OF the railroad that Of tho most important
disturbing factors in the situation was the line out
OF Chicago formed by the Wabash the Chicago and At
antic and the Grand Trunk system The recent
sp0ndence between Mr. Gould and the presidents OF the
trunk lines was not submitted to the meeting, and the
only reference to 1t made in unofficial way
way by the remark made by prominent otfl-
Ger OF one Of tho lines, that peace-making might
wei begin at home. All OF the trunk lines fully
represented and In addition to tho presence OF General
Manager Hickson aud Traffic Manager Sergeant. the
Grand Trunk OF Canada represented by Sir Henry
W. Tyler. its president Sir Henry is under medium
height. with full gray beard and joval counenance.
He entered into the discussions modestly, but had no
particular occasion to do more than to share in the
general expression Of his colleagues that steps ought
to be taken to improve the railroad situation.
The Chicago managers submitted their report, which
was In substance reairmatlOn OF the general prnc
pies on which the old Chicago pool was founded, with
the recommendation that additional points Chicago
and also Milwaukee be included in the Chicago DIVISION
and that any percentages agreed upon should
apply only TO the initial Chicago roads. The
trunk line presidents approved the report and
referred tho carrying out OF the details
to conferences to be held subsequently between the
Western roads and the executive committee OF tho trunk
lines, composed Of their vceprcsidents Tho question
OF passenger pool reorganization referred Tor
ton to the general passenger agents OF the roads Reso
utons were adopted that any pool formed at Chicago
should date from June /, and the Western roads
advised to advance rates as soon practicable"
IL Ia denied that the discussion at oil acrimonious
At the same time conservative railroad confessed
last evening that there little hope OF any practical
outcome OF the meeting far Improvement in
rates ia concerned. The West Shore It is understood
has made further Westbound freight contracts at rates
far below the schedule TO until next January The
Chicago roads have yet to arrange percentages under
the proposed new pool and the Michigan Central is re-
solved not to assent to agreement which will permit
the Grand Trunk 10 appeal from the de-
cision OF arbrators who may not give it what it
thinks It deserves 1t did just prior to the abandon
mcnt OF the Old Chicago pool The vanderbilt roads are
fuzzy resolved that the Grand Trunks Chicago line must
share n any trunk line division OF eastbound freight
instead OF giving all It's freight TO Its line and de-
inandpg that the Mcbigau Central feed s Great West
ern division well ~ the Canada Southern. The New
York Central also resolved that no line like that OF the
Wabash shall bc allowed to share in the Chicago pool
unless 10 divides ~ business among all OF the trunk
lines instead OF giving to the Grand Trunk system
alone said prominent officer Of one OF tue trunk lines
yesterday fhe meeting to-day has declared In favor
Of oranza0n OF the Western pools, subject to the
approval Of the trunk lines without removing any othe
practical which led To the breaking down OF the
old system The wesi-bound pool expires ON June
II. by the notice OF the Pennsylvania Railroad
and that cannot be rstablshcd long the western
connections Of the West shore refuse 10 hold it to
maintenance Of fcast-b0und freight rates"
Ehst-biund freight rates were lower yesterday than
they have been TINS season The grain rate from Chl-
NcwYprk Is be freely cut under - cents per
100 pounds, Wth ls ~ cents Dr1o" TIE t'rH No ar
rangCmcut has been made for the conference between
the Western roads and the trunk zinc executive commit
tee. although is Lopel that ihc managers can get to-
gciher ~ frt. y.