New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1888-05-11
TWO LINES INTERVIEWER
MR. GOULD AND MIR BULL coRREsporu
TIE INTIMATE RELATIONS EXISTING BErwrxx ru-
MISSOURI Roads

TIE INTIMATE RELATIONS EXISTING BETWEEN ruu
MISSOURI Roads
| The relations Of the Missouri. Kansas and r.x.~
with tho Missouri Pacific Railroad Company ar. .,,
tromely intimate The Missouri Pacific control, o..
traffic. but 1t hates to part with line which bring, "a
good deal Of business. Tho owners Of MIssour,
Kansas and Texas pretend with equal hate that IN.
Missouri Pacific could not earn money II IL was mot a.
| the leased lines. The correspondence between n,
Gould and the Missouri, Kansas and Texas commItt..
| Is as follows:
PRESIDENTS once The Missouri Pacific Railway Company
Ncw-Yofk May .. 1sss
W. L. Bull. esq, Chairman, etc.
NY Dear Sir: Assuming that you win board OF d.
recors OF the Missouri Texas ON the ra,.
ns~' "rte now In anticipation OF that TO assure
you that every facility shall given the new board IN
friendly way 70 investigate and verify the account. h.
tween the two companies including the modes and re,h
ods OF DOING Joint business adopted force bewesn
the associate roads. AS these mcthods some xs,,.
since the associate roads selected dsnteresed tras
men OF large experience and having no interest In any !,
e ptreties w. John O. Gsult for many years trams
manager Of the Chicago Milwaukee and It, Paul and y
~ FUCKER occupying Ike position the Illinois Cen
tai. These gentlemen after a fun examination mad
.hef written award as to divisions joint busnes
ETC. This award duly ratified by the respective
Doafo OF directors and stockholders Of all the roads com
pfiss the Southwest system This award has been ever
since and is the basis which JOINT business has bed
transacted and TO illustrate equitable It's general -
Grafton Is as whole between the companies find tSas
curing 1877 the Missouri. Kansas and Texas earned on
freght delivered II by the Missouri Pacific OBS 0s7 IA
earned freight delivered Missouri Pacific ss77 75o
total earnings on joint business 81 $50 During
the period the Missouri Pacific earned on busnes
received from the Missouri Kansas Texas s9O6 sci
and on freight delivered to the Missouri Kansas and
Texas s945, 900, total OF 1885,, 557.
The past year has not been successful in financial
point as could have wished but the this s,as
Of things beyond causes are partlv
permanent far the Of new COMPETING
lines concerned and transient loss of earnings
resulted from last years crop failure In my Judgment
reimbursement Of the interest burdens an equitable baas
cannot be long deferred
The lines Of the Missouri Kansas and Texas and Mis-
souri, Pacific are 80 interwtned that IL me all
reasonable efforts should be made keep future op
Grafton in harmony and end suggest thas
all suits be dropped and that committee Of three ap
pointed by yeur committee ana like by the Missouri
Pacific to take up and consider the whole question Of the
mutual relations OF the companies past future
These committees ought to make actual examination Of
the companies roads and their connections facilities and
equipments In the meantime the OF all loans and
securities pledged including the International and Great
Northern, TO iemain In stau quo subject Joint
committee above suggested
Hoping TO hear your views, remain, yours truly
JAY GOULD.
NewYork, May 10, 1888.
Jay Gould, ESQ.,, President Of Missouri Pacific Railway
Company
Dear Sir We have read with care your communication
of this date and considered It's suggestions and concluding
proposition. We entirely agree with you inter.
OF the parties will be best served by full understand
ing Of the past Of the property
and Of It's present and future earning power
To accomplish this end 1t seems TO It dd al
tho outset that the stockholders Missouri Kansas
and Texas Railway CONF any must be represented by
board Of direction having interests which at
time become adverse and ndsmuch concede In
letter that shall elect such board May 10
under the auspices Of the Of committee
for granted that the special committee the appointments
OF which suggest is to the ratification Of ts
powers from the board TO be elected by
With that understanding accept proposition for
Joint committee, but In view Of the coseness OF the
preaching election make subject such confirmation Of
the board. This acceptance Of your proposition
pleasure suggest you the Of members
OF such joint committee and leave that committee the
fullest scope OF inquiry and report aiding them for the e
loient discharge their duty with accountant
and have such committee submit ell the parties In inter-
report the relation tho properties each other
their earning capacity aad what best be done for all
interests eonceedthls TO include not only the relations
OF the Missouri Pacific RalwaJ Company with the Mis-
souri, Kansas and Texas Railway Company but also the re-
aons Of the International and Great Northern the Cal
weston Houston ard Henderson and other branches
properties In which the Missouri Kansas and Texas Rail.
way Company has proprietary easehod other interest
The proper disposition Of the pending litigation should
be referred the counsel Of your railway and the counsel
the committee aud Of Mr.. Martnsen representing
and English interests and they will doubtless DO
governed by the spirit OF Cancellation indicated in your
letter OF yesterday and the like disposition Of the members
Of committee. Respectfully,
WILLIAM L. BULL. Chairman
When the case Of william L. Bull against Jay Gould,
Russell Sage and others was called in the supreme
Court, Special Term, yesterday exJudge Dillon, ON
behalf of the defendants, asked for an adjournment
until May 25, and, there was no opposition justice
Lawrence ordered. This Is the suit in which the
plaintiff, representing majority of the stock OF mo
Missouri Kansas and Texas Railway Company, seeks
permanently restrain the transfer Of $1,000 shares
OF tho stock and 05o000 Of bonds Of that corpora
tion 10000 shares Of the Galveston, Houston and
Henderson Railroad Company and the stock OF tho
Boonville Bridge Company.