New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-12-18

TO secure . part Of the business Under the law,
the older roads cannot meet the Competition sa via
as Ss' inc Guy I bench, q
Of the railroads which are owned by the people
Besides, the law gave the Commission ne nsht, 70 70
can tell the older lines charge less, it ought TO
s s h9 proved that IL is doing less
cost
C. p Huntington suggested that II the law forced
the railroads into closer union the divisions would
naturally be one system north and ono south OF
the Ohio River and east OF the MISSISSIPPI
and third west OF the Mississippi. II
will como, perhaps, to a Joint ownership OF all tho
lines in these geographical divisions he said TO
inquiry whether under such conditions ne ~ouio
wish to buy sell tho lines in which no IS IN
terested, he replied without hesitation: u should
want to sell Mines
Roswell p Flower said that President Cable, OF tho
Rock Island. coming to Ncw-fork again 10 az
tend a meeting of the executive committee OF inc
company aud for no other purpose In regard 10 tho
railroad situation, be remarked A modhcauoh Oh
the Interstate law is the only thing that Will pre-
vent the virtual consolidation Of all the railroad hnes
west of the Mississippi and In time Of ali the rail-
roads I'm the country"
General f. f. wlnslow, president Of the 81 Louis
and San Francisco Railway, has been especially acu.e
IN the deysng OF plans which TSa Ra'S basis se thai
would yield profits TO stockholders and curtail rate
making abuses among suD0rdnates OF rallroao prosi-
Mr.. Adams has presented the railway problems
with accuracy and fairness. consider his remarks
judlcous and well timed, and with his criticisms OF
some of the evils OF railway managoment ! heartily
agree and / believe that the mass OF investors Will
also. There is force in Mr. Adams's remarks, not
only because he is teorst, thoroughly qualified 10
treat OF The subject, but because he Is AS vol a
practical manager of great system Yes. there Is
doubt IL the tendency of railroads must be toward
combfr Ion no trust In the sense that is so OBJ
noxious 10 the popular deabut toward grouping OF
the different systems which have those geographcs
relations. This policy will be no injury 70 the pub
lie, but the contrary protection, for II Will con
centrate responsibility easily reached by any commits.
protection In economics believe that the consumer re-
cclves cheaper goods through that policy, and pro-
lection among the railroads VIII assure cheaper rates
10 the public and stability well. Look how the In
tcrstate Commerce law has worked politically am
a red-hO Republican, and the radical distinction be-
tween Democracy and Republicanism In party politics
is that the latter theory is 10 favor STRENGTHENING OF
the central government, as TO make II more than
rope OF sand and the execution OF those powers
delegated by the states in the manner best for the
whole community, while Democracy would weaken
state law the greatest act OF Capitalization IN
our legislation and II fathered by Democratic
committee, signed by Democratic President and had
been agtated for five years by a Democrat from
Texas, who not qualified TO Judge OF the neces.
stiles conditions of the railroads. 1t was passed
by common consent, because many Legislators mis-
front popular sentiment, when as a matter OF fact
there popular demand whatever for the law
The recent clearing house scheme was criticised Dy
the press being trust, whereas, in fact 1t en-
bodied no feature which had not been part of all
previous railroad agreements, except the important
provisions for concentration OF responsibility and
he restriction of the rate making power 1t Is OBJ
vious that II man represents and acts for twenty
five railroads the law be more readily enforced
than when twenty-five different Arrangements must
be reached.