St. Paul daily globe., 1889-01-11
Presidents of Western Roads
Favor the Inforcement Of
the Interstate Law.
Also the Arbitration Of ALI
Differences Of the Several
Companies.
Bankers Will Not Negotiate
Securities for Construe-
ton of Parallel Lines.
Proposed Organization Of an
Association to InfOrce
These Objects.

Special to the Globe.
New YORK. Jan. 10.-The meeting Of
the bankers and the presidents of rail
road lines vest of Chicago and st.
Louis took place this morning at the
house of j. Pierrepont Morgan. The
ueeting lasted about three hours, and
there were present: j. Pierrepont Nor
gan and j. Hood Wright, representing
Drexel, Morgan & Co.; Charles D.
Dickey and John Crosby Brown, repre-
senting Brown Bros. & Co. and Brown,
Shipley & Co.; Col. o. W. Peabody and
George G. Magoun, representing Kidder,
Peabody & Co. and Barring Bros. & Co.;
W. B. Strong, president Atchison, To-
peka & Santa Fe Railroad company: C.
e. Perkins, president Chicago, Burling-
ton & Quincy Railroad company; G. j.
Paine, director Chicago, Burlington &
Quincy Railroad Co.; Marvin Hughitt,
president Chicago & Northwestern
railroad: M. L. Sykes, vice president
Chicago & Northwestern railroad; r. r.
Cable, prsident Chicago, Rock Island &
Pacific railroad; F. S. Bond and Peter
Geddes, Chicago, Milwaukee & st. Paul
railroad; Jay Gould, president Missouri
Pacific railroad; George j. Gould. vice
president Missouri Pacific railroad !;
Charles Francis Adams, president
Union Pacific railroad; H. L. Morrill,,
vice president st. Louis, & Santa Fe
railroad; A. B. Stickney, president
Chicago, st. Paul & Kansas City
railroad; o. d. Ashley, pres!-
dent Wabash Western railroad !;
Col. John J. McCook, counsel
representing the bankers; and by invi-
tation the following representatives Of
the trunk lines: George B. Roberts,
president Pennsylvania railroad; Chaun-
cey M. Depew, president New York
Central & Hudson River railroad; John
King, president New York, Lake Erie
& Western railroad; Samuel Sloan, pres
ident Delaware. Lackawanna & West
ern railroad; Charles F. Mayer, presi-
dent Baltimore & Ohio railroad; Gen.
Orlando Smith, vice president Baltimore
& Ohio; E, P. Wilbur, president Lehigh
Valley railroad. The committee of
three appointed at the last meeting to
perfect a gS
PLAN OF ORGANIZATION d
and confer with the interstate commerce
commission submitted the following re-
port. with the accompanying plan:
In submitting the accompanying plan Of
organization your committee desires to pre-
sent brief report setting forth the princi-
MI ic no hoe
manifest throughout the discussions which
have taken place at these meetings that those
attending them desire, first and foremost. the
strict enforcement of the interstate com
against all others. Whether this act, in its
present shape, is in all respects beneficial or
not, is in the view of your committee beside
the question, it is sufficient that it is a law;
and that as such, it should bear with equal
weight upon all, unless it is equally obeyed
by all. Beyond this, your committee has
considered that in matters Of traffic it was
best to adhere strictly to the agreement
known as the agreement of presidents
of the 1st of January, 1889" They have not
agreement. OR to introduce into the present
plan any features.
LIKELY TO EXCITE DISCUSSION.
That agreement has therefore, been incor-
porated in the plan now submitted without
change. Finally, they have sought to intro
chinery necessary to secure the enforcement
of the interstate commerce act, and at the
same time to make the agreement of Jan. 1
effective. To this end they propose an ex-
ecutive organization, and the principle of
arbitration for the settlement of difficulties,
If, therefore, under the rules of the associa-
ton now recommended, a company, mem
Der of the association, should through its
officials, at any time consider itself wronged,
the course for it to pursue will be to appeal
RI bp FL f0 tb
punishment of the delinquent, and until the
association fails of Its purpose, the COM
plainant will be debarred from endeavoring
to secure for itself what it may consider its
rights. In order more effectually to secure
these results it is proposed that the associa-
ton to be now formed should be an associa-
ton of presidents, to the end that the high
est officials OF the various companies may be
made responsible one to another, and there
by be held to more strict and personal ac-
count With this brief preliminary explana-
ton the accompanying plan of organization
is herewith submitted as the unanimous re-
port of your committee. Respectfully sub
mitted.
Signed by Charles F. Adams. William B.
Strong, Frank S. Bond. committee.
Plan for an interstate commerce railway
association: Be it it resolved that an associ-
alton be formed of presidents of railway
companies, the main purposes of which
shall be:
I.-Objects of Association. First-The en-
forcement Of the interstate commerce act,
and the establishment and maintenance of
public, reasonable, uniform, and stable rates
in conformity with the provisions thereof.
Second-To secure complete reports of all
competitive traffic subject to the provisions
of the interstate commerce act, and of such
other traffic as may hereafter be deemed ad-
visable.
board of managers shall consist of an ac-
credited representative of each company,
the president of which is a member of the
association. Second-The managers shall
meet monthly, and when required by call
in writing signed by the chairman OF the
board of managers, or by three or more mem
berS Of said board.
II-Rate Committees. Rate committees
appointed by the board of managers for the
freight and passenger departments shall be
consider all proposed changes in rates. rules
and regulations on the traffic subject to the
association Their conclusion, when unani-
nous, shall be made effective when they SO
order: but II they differ the question at issue
shall be referred to the board of managers; ).
aud if they disagree, it shall be arbitrated by
the executive board. as hereinafter provided.
IY.-Divisions of Through Rates. The di9i
visions of all through rates on the traffic sub
ject to the association, the intention being
that the bidding for business by means Of
private concessions may cease and that the
divisions on corresponding traffic under
similar circumstances, as to receipt and de-
livery, shall be open to, and alike, via all
lines.
V.-Single Responsibility on Each Road .
One officer OF each company, the president
of which is member of the association
shall be held responsible for the strict main
tenance by his company of all rates and
rules established by the association; and he
shall not be at liberty to depart therefrom
unless by authority, in writing, of the execu-
tive board.
Vl.-Agencies and Commissions. The
hna I'd If chnll