St. Paul daily globe., 1889-01-11

proyement on anything yet proposed which
had come to their knowledge. They suggest
ed few alteration in it relating to matters
Of form and expression, but i'll no case sub
stantially affecting the report. All OF these
your committee adopted. The commission
ers were further invited by us TO take part in
the meeting of to-day, but asked to be ex-
cused from attending on the ground that
they had appointments to-day in Washing
ton, and the agreement as corrected ex-
pressed all they had said to your committee.
The report of the committee was
unanimously accepted, and the commit
tee was discharged by the representa-
tives of the Western railroads. After
general discussion, in which the trunk
line presidents participated, the follow
ing resolution was unanimously passed
by all present:
Resolved, That the fundamental principles
upon which the plan reported is based, to-
wit: the enforcement of the interstate law,
and the arbitration of all differences be-
tween companies be, and they are approved
and will be adhered to in perfecting the pro-
posed organization.
The following resolution, moved by
Mr.. Depew and seconded by Mr.. Rob
erts, was unanimously passed by the
trunk line presidents, and handed to
the chairman with the request that it
should be incorporated in the proceed
ings of the meeting:
Resolved, That we are heartily in favor of
the strict enforcement of the interstate com
merce act; of the maintenance of reasonable
rates; the principal of arbitration, and the
formation of an association to enforce these
objects under the general scope of the report
of the committee Of the presidents of the
Western roads, and that the trunk line presi-
dents should meet at the earliest possible
date to form an association to carry these
purposes into effect.
The following resolution relating to
the payment of commissions was passed
unanimously, all present excepting Mr..
Cable. of the Chicago, Rock Island &
Pacific road, who objected to voting
until his competitors not present could
be heard:
Resolved, That the payment of any sum
Of money by railway company to the of1c-
ers or agents ofanother railway, either in the
passenger business, being subersive of disci-
pine and breach of commercial prosperity,
is hereby diSapproyed.
Resolved, That the payment to persons,
not exclusively in railway service, of com
missions for the sale of tickets, fosters dis
elimination, and is therefore disapproved.
Mr.. MoIgan said: TN regard to remarks
made informally by Mr.. Roberts about build
ing parallel lines and the attitude Of the
bankers thereto, am quite prepared to say
that if any organization can be formed prac-
tically on the basis submitted by the COM
mittee, with an executive committee able to
inforce its provisions. upon which the bank
ers shall be represented they are prepared to
say that they will not negotiate, and will do
all In their power to prevent the negotiation
OF any securities for the construction of
parallel lines or the extension of lines not
unanimously approved by such an executive
committee.
The meeting then adjourned.
The presidents met again at 2 p. m.
and adopted the plan recommended
at the morning session. A copy
was ordered engrossed for sig
nature. A committee was appointed
to obtain signatures of companies not
represented. The meeting then ad-
journed to reassemble in Chicago on
call of the chair.
CoOLEY'S CONFRERES ON HAND.
Special to the Globe.
WASHINGTON, Jan. 10. = Interstate
Commerce Commissioners Walker and
Morrison have gone to New York, pre-
sumably to meet the committee ap-
pointed at the meeting of the bankers
and railway presidents.