New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1889-05-10
$4,000, 900
s3.72o.ooo
NOT SATISFIED WITH THE FIGURES

to line through the State of Maine...... sS72o,ooo
Total s2l5 86l, 6o7
NOT SATISFIED WITH THE FIGURES.
Mr.. Van Horne said that OF the money
charged In the statement was expended upon roads
which were part of the Canadian Pacific. Item D.
he declared to be mixed Some Of the lands he said,
had been surrendered to the Govmment In order
to reduce its obligations. Mr. Villard's financial
failure had made It impossible to negotiate certain
securities but the Government had interviewed again,
and SIS 900 had since been paid of by the sale
of lands. lie criticised item 6 in the statement as
improper. The Manitoba monopoly did not pan
OUT The bonds had sold for O3 cents on the
dollar AS regards item 7, no explained that the
81, 72O 900 had been given 10 another line, which,
however, the Canadian Pacific had subsequently
secured. lie did not consider money loaned by tho
Government and paid back In the light OF subsidy
Therefore his figures did not agree altogether with
In reference to tie AsIsGc trade the witness said
that II had constantly Increased, and was sufficient
to keep a line OF monthly steamers IN operation
An arrangement bad been made with the Govern.
ment by which a mail line would be constructed
a. soon as the contract should be signed. The ROAD
getting about ~ pei cent OF ti6 entire ranhconu
mental trafhc at present; The proposed steam am
would be fitted out with port holes In 'rder that
they might, in cases Of necessity. oe used a. war
year. They hoped 10 land passengers from London
| in Yokohama IN II or - days That would be a
way Of the sue1 Canal. The ships would carry All
kinds of freight in addition to the mails; lie did
O'Clock, when Mr. Van Torncs examination was re-
TO senator. CuIlom, had cost about 1883 OOO,Ooo.
The actual money in the road, outside OF the no no
neighborhood OF sl2o,OOoco0. The gross receipts
Of the CANADIAN Pacific apes p or Smoun.,a s
ss,IsO,oO0, That included tho receipts OF tho
lake steamer The earnings ?cr ton per mile nh,N Ts
freghts. The Canadian Pacific ohicals governed
10, 1ha 49, - enf trana tail
n os2 p ne sSsn ~ s the
Of the trsnscontneHtsl lines. They adhered TO these
to meet the requirements OF the Interstate Commerce
Act The greater ns Of the st to CSeogS Tss
and Alaska
A MEMBER OF THE ASSOCIATION.
For time the rates lower. but after the
Canadian Pacific had Joined the association those had
been changed The dferentsls which they received
were given with the consent OF the other tran
tnenal lines The Canadian Pacific had never regard.
ed the American lines competitors in Aslatc trade
The cain In that direction had boon taken from tho
snez Canal route: They could make by tbeir route
lines With San Francisco as terminus The msn res
Of the mail fine from the western coast o. China in
nection with the Canadian Pacific get line OF
Russia the Pacific The other reason was Of course
commercial He sad further; when cstechised by sen.
with the requirements OF the Interstate Law without
giving drawback or rebates Thoy had been Obliged
haul clause suffer imprisonment, as they construed
the Law.
furnish the committee with list Of all the directors Of
tho lines connected with the Canadian Pacific Mr..
sides, added that the subsidies given To the Canadian
line west from Lake Nplssing tn the Pacific amounted
more than this, az well as the Union Pacific.
The Canadian Pacific had received nothing since rs
RSsS was S o ma s
1t received nothing from The dominion but the allow
referred TO by Mr. Roberts. Mr Van Horne said that
the same duties were charged b. than a. Others
the Canadian Pacific had come from the United states
and that the company not closely alllnl |
lngton As 10 wages they wern about the in
Csnada as here Trackmcn received mor-. engineers
per cent less mechanics 10 per cent loss carpenters
ost ss oH S and nd" were i Rp T9 o@
weather bsd Idle effect upon BON fs er rTac ~ e
sheds. costing S3OooO each, obviated that. They
way. Their grades were better than those Of other
'oahs Their mileage from NcwY York TO Vancouver |
he whole, the Canadian Pacific was fully as we'll |
equipped as the other transcontinental roads.
LAKE SHORE SUFFERS
John Newell. president and manager OF the Lake
Shore and Michigan Northern. was neXt examined.
lie gave Chicago and Buffalo the terminals OF tho
Dad. He thought his road had suffered from tho
competition Of the Grand Trunk Line. A large part
d the Success OF that road had been due he thought
o violations OF the Interstate Commerce law. He
;elloved that evidence could be produced 10 show
,6icago by unfair practices ever since its estsb,
i q ito,.h He promised in , that connocso1
%bere II had charged 5 cents iundrd lcss
han the Lake Shore. The proof could be Furnished
OF to Ms OF hi;
ne provisions OF the Interstate Law would be sufficient
!, enjoyed Iegalized pooling would be advisable
ns0 One way Of evasion. on tho part Of the Grand
iftnk was by meBps OF rebates. Another by
me division Of ownership IN tho cars with the shippers
'anons questions at this point. which occupied con
aershle time Mr.. Newell believed In reciprocity in
III things between countries.
so DOES MICHIGAN CENTRAL.
AMER touching upon the fisheries dispute and other
questions OF interest Mr.. Newell gave place to H. D.
"eayard' Mr. Ledyard said he was president and
'ehera manager Of the Michigan Central, covering
Dout looo miles With termiHi at Buffalo and Chicago
'pe various Feeders were also named in order. The
ID not faro we'll There were various reasons 10
va Tor THIS The published rates, he said were
Rsal rates Canada 3 wore 'n mScE higher
rand Trunk paid rebates in MANY Instances The
nchiesn Central hd lost most Of rs foreign trade
Of me s1psdSaton Of vessels at Portland in
bat me canadian roads should be brought under the
onIroi OF the interstate Commission more fully that
! America: That he considered the only remedy,
meriean roads The elimination Of the Grand Trunk |
gstom from America would not affect rates in this |
rem, as competition would Sun be srest enoueb' M
as, without doubt the duty OF the Commission TO
ieiect the Grand Trunk . american laws as a con.
Mr.. Ledyard closed hls testimony at half past e. | {
Ter which the COMMITTEES adiourned, to meet this {