New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1886-12-02
RAfLR0AD INTERESTS.
BALTIMORE AND OHIOs POOL STATUS.
AMrcAsIR srTr,xMsNr BY Tn. TRUNK LINE PRES

| BALTIMORE AND OHtVS fOOk oAhAo"'
AMIcABLE sETrixMsSr BY THE TRUNK LINE fhH'-
| rprxrs or THv QUESTION.
The meeting OF thu trunk lne prcsfaens yesterday
was harmonious and while resulting In no new iegsT
lion OF lubIic interest developed spirit oico oi
! ton that railroad men think promises we'll lo' VIC
Dermsnency OF the pools. Tho ichhsyNahia va
| rprcsencd by Georre B. Roberts, The Ne" io'h
| Central by President Depcw, and the Ere by 'io9
| dent King. with their chief Deutenah's' "enoi'
Manager ckson represented the Grand Trunk, VIC
| President Spencer the baltimore and OHIO ana ocn
| erai Manager Layng tho West Shore Ranroa"' ,l'
| general situation discussed saus"ouoh
ex re- sci at the progress maie IN the western po'
and assurances were exchanged that everything "ou'
| ne done TO secure the maintenance OF rs1'' N
| was taken on minor routine ma.rrs' ~
The conference WAS mainly held to sa.isfs Mr'
! rolerts on certain points connected WIN '"' -
ureta ion Of the presidents agreement o. g.
tbs status OF the Baltimore and Ohio hsnrosu ~
the bound trunk Tine freight pool When the feuh
sylyania threw the Baltimore road of It's tracks in~
New-Yoriy the question on tho sctucnene W
Tool balances to the p0sit on OF the bai''''o -,
Ohio In the east bound pool. COMMISSIONS , As
considered unier the contract that the comP'hs IA
not forfeited its share Of traffic but that ros'iu
mont NJ nercentaces might be called for because OF
the Changed facilities of the company IN Ieachius .i
civ MIR Roberts desired some explahauoh, vl' @
ront beforc A. sentnr to any settlement OF oaanoo
To >. ,t - Yesterdays meeting that Mr Finks
vie-v Of the status Of the Baltimore ana ONO was
,ccepsel bv the Pennsylvania, and Mr.. hopers III
accepting his INTERPRETATION OF the cohtrset "acu
~. o. zion Of radjusng percentages. This ostao-
fishes NJ CARROTS road as a member Oh 'he cat
bounl pool. ana settlements Will proceed uhuer un
old percentages. The result OF tne consercn.e We" q,
generally taken by railroad men as conhrn@tofy OF
The recent r,rors of lcsscning OF the hostile relations
between the two principal Southern trunk lines.
THE HEARING BEFORE MASTER DALLAS.
PHILADELPHIA, Dec l (Speciah.-There was another
hearing to-day before Master Dallas TO adjust the dher
ences between the Jersey Central and the Philadelphia
and Reading Railroad Companies Mr. Dallas called az
ention the of testimony and argument that woa
ensue unless the line argument should he determined
II the adjustment to be made on the basis that Tue
lease valid the testimony and argument would oe on
one line but II be made the basis thst he
lease void another would have to he taken
He would pm himself in the position Of deeing THIS
question Voluntarily because his srpcrors might disagree
with him and whole work would have to be done over
Therefore the counsel the Philadelphia and Reading
the Jersey Central and the receivers agreed upon the o
lowing to bring the matter properly before the
Master and TO make matter Of record agreeing also at
the same the counsel taking exception 10 'he
Masters decision shou appeal to the Court that che Mas
ters ruling might either be affirmed or sci slue 90 I'd W
avoid any further complication on this Issue
the rely ust susitea by M 0 9eosrst 70 ass
pany be taken shoala be iaxsn upon
e e,eOy % rms stage on which OF the TWO sug
gcsed IN account that testimony may De
course tn1 es as The Master az So
This raised another vital point and Master Dallas was
OF the opinion that should have the enlightenment OF
the arguments OF counsel this question and b,es
Francis Gowen opened behalf OF the fhilauclpmh
aud Reading. He was followed by Mr. Deforre'''
READING REFUSES TO PAY INTEREST.
Phil ADEIrnIA Dec. Cp,o'aD.-The Reading Company
today defalted 10 announced some days ago IL
world upon its consolidated mortgage loan interest
which fell due and also upon the schuykl Navigation
first mortgage loan the semiannual interest due on mis-
account amounting $51 600 It may he added that in
addition to this the Reading owes the Schuyl
Navigation Company between 100000 ana S9Vo,ooo
back rentals which is entirely unsecured.
In consequence of the failure 10 provide funds Tor Inc
paynent of the interest the first mortgage loans OF the
Schuylkill Navigation Company due to-day Frederick
Fraley president OF the latter company issued card IN
which he cautions holders securities OF the Navigation
Company against parting with their property under false
and seading statements He expresses his belief that
the the schuylkl Navigation Company Is us val
liable any other lease held oy tIe fmaueipna anu
Reading Company and that II has an eqnltaoe priority
made subsequent 10 July IL 1870 OF any
mortgage loans since negotiated Hesays that
n h;p enS Rss.ag Rairoad Company contain
ne may consider satisfactory provisions Tor tne pro
lection those interested in the securities OF ne
XIII Navigation Company he will endeavor 70 defeat IL Dy
me Ted0Sr in its financial article tomorrow Will say;
Statements circulated for stock obbng purposes by
YESTERDAY That Messra DIefei
d Co. Philadelphia. and DreIe Morgan Co. OF New
York understood TO be behind inc % kee r
ports entirely false that the house. REFERRED 10 nave no
deresie ali such interfere with the
| proper reconstruction Oh the Reading companies
CANADIAN PACIFIC EARNINGS.
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