The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1888-11-28
A RAILROAD TRUST.
A Clearing House Project Of Gould
and Huntington.

CHICAGO. Nov. IA local paper
says. For several weeks past Jay
Gould. c. p. Huntington, Charles
Francis Adams, W. T. Strong and
other railroad magnates interested in
western railroads have been holding
conferences in New York, in which
Chairman Midgeiy of the Northwest
ern Railroad Association has taken
prominent part. The object Of these
conferences has been kept profound
secret Saturday the announcement
was made that an agreement had been
made whereby the troubles among the
Southwestern roads had been ended
ana rates would be advanced from 25
10 y per cent. as soon as possible.
But this announcement was no nearer
the truth than previous reports re-
garding the mysterious conferences.
The railroad nagnates evidently de-
sire to keep everybody in ignorance Of
the actual importance of the proposed
agreement until all the arrangements
have eeen perfected and the new
scheme put IN operation. II has been
learned. however. that the project con-
templates nothing more or less than
the formation OF a gigantic railroad
trust or clearinghouse comprising all
roads vest of line drawn through
Chicago and Milwaukee on the east.
81 Paul and Minneapolis on the
north Colorado, New Mexico and
nyesaing on the west, and Arkansas
on the south. All existing freight and
passenger associations within the ter
ritory named viii be abandoned and
merged INTO the new trust or clearing
house, as IL is named There will be
an executive board of three, which
shalt devote its entire time to the
affairs OF the clearinghouse, and be
lntrusted with all matters connected
herewith One of the three is to be
elected chairman of the clearinghouse,
and the other two to be known as
vice-chairman of the freight and pas
senger departments respectively.
The chairman it Is understood, is to
be j. w. Midgeley, who under the
terms OF the agreement would be a
greater man than Commissioner Fink,
virtually having full control of the
management, SO far as traffic affairs
are concerned. OF all roads between
Chicago and the Rocky mountains.
The paper also prints the full text OF
the prospectus of agreement, of which
the above gives the general outlines,
and says it has been submitted to the
presidents OF the leading roads.
THE rRASscoSTiSEsTAL ASSOCIATION.
CHICAGO, Nov. 27.-The freight COM
mittee OF the Transcontinentai asso-
citation, which has been in session in
ST. Louis during the last two weeks.
considering Pacific coast freight tariff,
reconveDed yesterday in this city to
continue the work, which will prob
ably take all this week. The committee
had an animated discussion regarding
proposition that rates from Chicago to
Pacific coast points should be fixed at
5 per cent OF the rates from New York.
No result was reached owing to the re-
fusal of Traffic Manager Stubbs. of the
Southern Pacific, To make concessions.
He thinks the rates from Chicago are
now lower than they should be.
CHINESE TRANSMISSION IN BOND ILLEGAL
CHICAGO, Nov. 27.-Some weeks ago
the Grand Trunk railroad applied to
Collector Zeberger asking permission
to carry Chinese, on through tickets.
between the East and West. This ap-
plicatlon was referred to the depart
ment at Washington. A reply by As
sistant Secretary Maynard declines to
grant the request
NEw YORK, Nov 27.-Chauncey NJ.
Depew, when shown a dispatch from
Chicago outlining vast railway pool
ees -gnriated, said he bad heard moth
ing OF it before and did not attach
much importance toit He supposed
it was one of the many schemes daily
proposed for the settlement of railroad
questions.