The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-01-11
A GREAT COMMERCE MOVE.
DETAILED PLANS OF AN INTERSTATE
RAILWAY ASSC CATION
That Will Be Vast Improvement on the
Present Attitudes of Railroads In the
West to Each Other-The Full Text of
the Report Submitted.

New York, Jan. l0.-The following is a
detailed account Of the action taken by the
bankers and presidents of the railroad
lines west of Chicago and st. Louis, at
their meeting in j. Pierrepont Morgan's,
this morning The meeting lasted about
three hours and there were present j.
Pierrepont Morgan and J. Hood Wright.
representing Drexel, Morgan & Co. and j.
s. Morgan & Co.; Charles d. Dickey and
John Crosby Brown, representing Brown
Bros q Co. and Brown, Shipley * Co.;
Col o. w. Peabody and George 9. Ma
goun, representing Kidder, Peabody q
Co. and Barring Bros. & Co.; w. b. Strong,
President Atchison, Topeka & Santa Fe
Railroad Company; G.. +. Perkins, Presi-
dent Chicago, Burlington & Quincy Rail-
road Company; G. ]. Paine, Director Chi
cago, Burlington & Quincy Railroad Com
pany; Marvin Hughitt, President Chicago
K Northwestern Railroad; NJ. i. Sykes,
ce-president Chicago & Northwestern
Railroad; Il. r. Cable, president Chicago,
Rock Island & Pacific Railroad; +. S. Bond
aud Peter Dedds, Chicago. Milwaukee &
st. Paul Railroad; Jay Gould, president
Missouri Pacific Railroad; Geo. j. Gould,
ice-president Missouri Pacific Railroad;
Charles Francis Adams, president Union
Pacific Railroad; II. l.. Morrill,, vice-presi-
dent st. Louis &San Francisco Railroad; A.
b. stickney, president Chicago, st. Paul &
Kansas City Railroad; o. ID. Ashley, pres-
ident Wabash Western Railroad; Col.
John j. McCook, counsel representing the
bankers; and by invitation the following
representatives Of the trunk lines: George
b. Roberts, president Pennsylvania Rail-
road; Chauncey NJ. Depew, president New
York Central & Hudson River Railroad;
John King, president New York, Lake Erie
x Western Railroad; Samuel Sloan, presi-
dent Delaware, Lackawanna x Western
Railroad; Charles +. Mayer president
Baltimore 4 Ohio Railroad Company;
Gen. Orlando Smith, vice-president Balti'
more & Ohio; J.. Z. Wilbur, president Le-
high Valley Railroad.
The committee OF three appointed at the
last meeting 10 perfect plan Of organiZa-
ton and 10 confer with the Interstate
Commerce Commission, submitted the fol-
lowingreport, with the accompanying plan:
In submitting the accompanying plan Of organi
zniiOn your Committee desire "a present. brief re-
port setting forth the principles upon which II Is
based. II has been manifest throughout the dis
cussions which have taken place NJ these meeting,
that those attending them desire, hrst and fore
most the strict enforcement OF the provisions OF
| the Interstate Commerce Act both among them
| selves aud against all Others. Whether that act
IN ls present stage, u In all respects beneficial OF
| A IA he a Ul Umm L.
question. II II sufficient that Il II law, and that
| rs such. u should bear equal weight upou all un
| less IL l. equally obeycd By all
| Beyond this. your committee has considered thGl
In matters Of traffic twas best 10 adhere strictly q
| the agreement known ~ the agreements Of PMS
idcnt, Of the ist ~ January, lSs9." They have mol
! sought 20 extend the provisions Of that agreement
OF % Introduce into the present plan any ieaiur,
| likely to excite discussion. This agreement has
mitied without change Finally they have sought
% introduce In the simplest possible form, the ma
chinery Necessary 10 secure the enforcement OF the
| Interstate Commerce act aud at the same time I,
make the agreement OF January effective. To thii
| end they propose an executive orgnnization, ans
the principle Of arbitration for the settlement
u, pdgcnllicA IT,, ihercione. under ih'
| a company member ~ the association, should
| through 10 officials. at any lime consider ltscl
Nrnnrci. the coursc for Il 20 pur-ue will be for 4
a. appeal ~ the asrocaion for justice Ia itself anf
1 the Punishment "a the delinquent. and I'LL the ~
souintiun fails of ID. pufH~e the complainant VII
h. de uarnd nom endcltoring 10 secure for itscl
| what u may consider ~ rights. In order mon II
actually "a secure these results. " is proposed tia
| the association "a h. nov formed should H. an NJ
s1ciatinn ~ president. a. the end that the highc.
| officials II the various companies may he made n
| sInusiblr one 81 another. and thereby hc he'd t0
| mufv strict and personal account With this brio
| preliminary explanation, the accompanying plal
| uf organization l. herewith submitted a. the unan
lmnts wpoH OF your committee Respectfully sui
| mittcd, tnAHLfs y. ADAMS,
| w H. STRONG.
| FRANK ;. BJNn
Sew York, January 10.
| TIIE HLAN