The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1889-01-17
Railroad Presidents and Bankers Per-
feet Their Plans.
MOnkeying With Special Rates to be
Done Away With,
Combination and Division Roots Out
Competition.
The Interstate Commerce Commits.
siOners Make a Report.

St. Louis at their meeting in j. Pierre
pont Morgan's house this morning.
The meeting lasted about three hours
and there were present j. Pierrepont
Morgan and J. Hoodwr1ght, represent
ing Drexel, Morgan s. Co., Charles D.
Dickey and John Crosby Brown, rep
resenting Blown & Co.. and Brown,
ShiPley q Co; Col. O.; w.
Kidder. Peabody s. Co.;
and Narring Bros, s. Co., W. b. Strong,
A, 7. s. 5. F. Co.; q. E. Perkins, pres
ident c., B. & O.; J. B. Payne, direc-
tor c.. B. & O.; Marvin Hughitt, presi
dent q. s. N. w. II. R.; Nj. L. Skies,
vice president G. & n. W.; r.. r. Gable,
president c., r.. 1. s. p. r. R.; +. s.
Bond and Peter Geddis, c., NJ. s. S. P;
Jay Gould, president NJ. P; George
Gould, vice president NJ. p. r. B.;
Charles F. Adams, president U. T. Il.
R.; II. l.. Morrill,. vice president st. l..
& s. F.; o. D. Ashley, president w. r.
B.; Colonel John j. McCook, counsel
representing the bankers, and by invi-
tation the following representatives of
the trunk lines: George B. Roberts,
president of the Pennsylvania; Chaun-
cey NJ. Depew, president n. Y. e. & a
B.; J. King, president n. Y, l.. E. s.
W.; General Orlando Smith, V. p. b.
& o.; G. p. Wilder, president lehigh
Valley railroad.
The committee of three appointed at
the last meeting 70 perfect a plan OF
organization and confer with the inter-
state commerce committee, submitted
the following report with the accompa-
nying plan:
In submitting the accompanying plan
Of organization the committee desire to
present brief report setting forth the
principle on which it is based. 1t has
been manifest throughout the discus
siOns which have taken place a. these
meetings that those attending them
desire first and foremost the strict
enforcement of the provisions of the
interstate commerce act amoug them
er that act, in its present shape,
is iii all respects beneficial or not.
1t 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 the matter of traffic it was best
to adher strictly to the agreement
known as the agreement or presidents
of the first OF January, 1885," They
have not sought to extend the pro-
to introduce into the present
plan any feature likely to excite dis
cussion. That agreement has there
fore, been incorporated in the plan
now submitted without change.
Finally they have sought to Introduce
in the simplest possible form the ma
chinery necessary to secure the en-
fOrcement of the Interstate commerce
act and at the same time to make the
agreement of January effective. To
this end they propose an executive
organization on the principle of arbi-
tration for the settlement of difficult
ties. If, therefore, under the rules of
the association now recommended a
company, member of the
association should through its
officials at any time consider itself
wronged the course for it to pursue
will be to appeal to the association for
justice to itself and punishment of the
delinquent and until the association
fails of its purpose, the complainant
will be debarred from endeavoring to
secure for itself what it may consider
its rights. In order to more effectually
secure these results it is proposed that
the association to be now formed
should be an association of presidents.
TO the end that the highest officials of
the various companies may be made re-
sponsible one to another and thereby
held to a more strict and personal ac-
count. With this brief explanation the
accompanying plan of organization is
herewith submitted as the unanimous
report of your committee respectfully
submitted,
CHARLES f. ADAMS,
WIN. b. STRONG,
FRANK 5. BOND,
New York, Jan. 10 1889.
PLAN FOR AN INTERSTATE COMMERCE
RAILWAY ASSOCIATION.
Be it, resolved that an association be
formed of presidents of railroad com
panies, the main purposes OF which
shall be,
OBJECTS OF THE ASSOCIATION.
1.-The enforcement of the proviS-
ions of the Interstate commerce act anC
the establishment and maintenance OF
public, reasonable uniform and stable
rates in conformity with the provisions
thereof.
ITO secure complete reports of al
competitive traffic subject to the pro.
visions of the interstate commerce aet
and of such other traffic as may here
after be deemed advisable.
MANAGERS AND MEETINGS.
l. The board of managers shall con.
sist of accredited representatives OF
Z
member of the association.
2. The managers shall meet monthly
and when desired by call IN writing
signed by the chairman of the board OF
managers or by three or more mem.
bers of said board.
RATE COMMITTEES.
Rate committees appointed by the
| board of managers for the freight and
passenger department shall be conSti,
tuted without provisions and shall CON
slider all proposed changes in rates
rules and regulations on the traffic sub
| iect to the association. Their conclu
sions, when unanimous, shall be made
| effective when they so order, but il
they differ, the question at issue shall
be referred to the board Of managers
and if hey disagree it shall be arbitra
| ted by the executive board as herein
after provided.
DIVISION OF THROUGH RATES.
The division of all through rates OF
the traffic subject to the association thu
| intention being that the bidding fol
business by means of private conces
| sionS shall and that the division cor
| responding traffic under similar cir
cumstances as to receipt and deliver!
| shall be open to, and shall be via al
lines.
AGENCIES AND COMMISSIONS.
The board of managers shall here
| after establish such rules and regula
| tions as it may deem expedient to limi
the needless outlay and reckless Striv
ing for business through separate agen
cieS or to the payment of commissions
or they may, if they deem proper
totally abolish and forbid the same il
whole or in part OF cause joint agencie
/ to be established. the expense of which
shall be paid by the association.
| AUDITOR To EXAMINE REPORT, ETC.
In order to satisfy all parties to thi
association that established rates haY
been charged, and in no case manfpu
lated, related or reduced, the audito
of the association and those whom b
shall appoint subject to the approval
in writing, of the chairman of the ex
ecutive board, shall have authority t
examine and check the various &C
counts. the receiving and forwardin
books, also all books, accounts an
vouchers kept in the auditors or til