Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1889-01-11
A GIGANTIC PLAN.
Plans for an Interstate Railway Associa-
ton Adopted.

NEW YORK, Jan. 10.-The following is
the detailed account of the action taken by
the bankers and presidents of the railroad
lines west of Chicago and st. Louis, at
their meeting at J. Pierrepont Morgan 9
this morning. The meeting lasted about
three hours and there were present, j. p.
Morgan and j. II. Wright, representing
Drexell, Morgan s. Co., and j. 5. Morgan
& Co.; Charlec d. Dickey and John Crosby
Brown. representing Brown Bros. & Co.
and Brown, Shipley & Co.; Colonel o. w.
Peabody and George c. Magoun, repre-
sentating Kidder, Peabody & Co. and
Barring Brothers & Co.; W. B. Strong,
president of the Atchison, Topeka & Santa
Fe Railroad company; c. F.. Perkins, presi-
dent of the Chicago, Burlington & Quincy
Railroad company; {. j. Pane
director Chicago, Burlington & Quincy
Railroad company; Marvin Hughitt pres
ident Chicago q Northwestern railroad:
VI. l.. Sykes, vice president Chicago &
Northwestern railroad; h. Il. Gable, pres
ident Chicago. Rock Island & Pacific rail-
road; II. S. Bond and Peter Geddes, Chi
cago, Minneapolis & St. Paul railroad; Jay
Gould. president Missouri Pacific railroad:
Geo. j. Gould, vice president Missouri
Pacific railroad Charles +. Adams, presi-
dent Union Pacific railroad; II. l.. Nor
rill. vice president St. Louis & San Fran
cisco railroad: A. b. Stickney, president
Wabash Western; Colonel ,Jno. J. Nc
Cook. counsel representing the bankers
and by invitation the following represent
atives of the trunk lines: Geo. B. Roberts,
president Pennsylvania railroad; c. NJ
Depew, president New York Central q
Hudson River railroad John King, presi-
dent New York Lake Erie & Western
al
ware, Lackawanna q Western railroad
Charles f. Mayer, president Baltimore &
Ohio railroad: Gen. Orlando Smith vice
president Baltimore & Ohio railroad: f.
p Wilbert, president Lehigh Valley rail-
road
THE COMMITTEES REPORT.
Tie committee of three appointed at the
last meeting to perfect plan of organiZa-
fion and confer with the interstate com
merce commission submitted the follow
ing report with the accompanying plan:
In submitting the accompanying plan of
organization your committee desire to pre-
sent brief report setting forth tine Drinci-
Piles upon which it is based. 1t has been
manifest throughout the discussions
that those attending them desire first
ana foremost the strict enforce
ment of the provisions of the
interstate commerce act, both among them
selves and against all others. Whether
that act, III its present shape. is in all re-
sDects beneficial or not Is. in the view of
your committee. outside the question. 1t is
sufficient that il is law, and as such
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
TO the agreement known as the agreement
of presidents of the lst of January. 1889
They have not soughtto extend the proyis-
ions of that agreement or introduce into the
present plan any feature likely to excite
discussion. That agreement, therefore.
has been Incorporated in the plan now
submitted without change. Finally, they
have sought to introduce in the simplest
possible form the machinery necessary to
secure the enforcement of the interstate
commerce act, and at the same time TO
make the agreement of January l, effec-
tive. To this end they propose an execu-
tive organization, and the principle of ar
bitration for the settlement of difficulties.
If therefore, under the rules of
the association company, a member of
the association should, through its officials
at any time consider itself wronged, the
course for it to pursue is to appeal to the
ASSOCIATION for justice TO itself and the
punishment of the delinquent and until
the association fails of its purpose the
complainant Will be deharred from endeay-
OrlnH 10 secure lOr lCSelt what II may con-
slider its rights. In order most effectuallv
TO secure these results il is proposed blythe
association to be now formed an associa-
ton OF presidents to the end that the
highest officials of the various companies
may be made responsible one to another
and thereby he held to a more strict and per
sonal account. With this brief announce
ment the accompanying plan of organiza-
tion is hereby submitted as the unani-
nous vote of your committee Respect
fully submitted.
c. Z. ADAMS,
WM. b. STRONG,
FRANK :. BOND
Committee
New YORK, January 10. 1889
PLAN FOR AN INTERSTATE COMMERCE RAIL
WAY ASSOCIATION.
Be it resolved, That an association be
formed OF presidents of railroad compan-
les. the main purposes OF which shall be
the following objects of the association:
tlrst-The enforcement of the provis-
ions of the interstate commerce act and
no GT.alNA sut,,,