Los Angeles herald., 1890-12-29
JAYS BIG TRUST.
GOULD'S COMBINE RATIFIED BY
THE SOUTHERN PACIFIC.
c. P. Huntington and J. C. Stubbs Chosen
as the Company's Representatives-Mr.
Stubb's Opinion of the Situation.


An important meeting was held by the
| board of directors of the Southern Pacific
company on Friday morning to take
some action looking to ratification OF
Jay Gould's scheme for big western
railway combine. First vice-president
G. Z. Crocker presided.
An election of two representatives of
the company to serve OH the advisory
board provided for at the recent meeting
OF railway presidents and directors at
the residence OF ]. Pierpont Morgan, in
| New York, was the first order of busi-
ness, says the San Francisco Examiner,
and C. z. Huntington and J. G. Stubbs
were chosen, the former because the
! president must be one of the represen-
tatives, and the latter because he is the
head traffic official OF the company.
At the New York meeting fifteen
western companies, the Southern Pa
cifc among them, agreed to elect two
representatives to constitute the advis-
ory board as preliminary step towards
! forming an association OF all the roads
between the Pacific coast and Chicago
and St. Louis, for the purposes OF traffic
regulation, and by its action yesterday
the Southern Pacific is one of the first
companies TO take definite step in the
matter.
Roswell Miller, president of the Chi
cago Milwaukee and St. Paul road, is
the man appointed to call the New York
meeting together, and when he does so,
within the next few weeks, the advisory
| s. l. >,,@,x
roads will be formally organized.
When the call is made j.. G. Stubs
will be accompanied to New York by
Colonel Crocker.
The directors then adopted the series
of resolutions that the late New York
meeting requested the various compan
les to ratify.
These resolutions are to the effect
that the western roads organize an
association to be managed by an advis-
ory board, which shall have full powers
in making and maintaining rates; that
its action shall be binding on all the
roads in the association, excepting
where any road withdraws after ninety
days notice, and that the Chicago and
Alton, Kansas City, Fort Scott and
Memphis, and Missouri, Kansas and
Texas roads be invited to act with the
fifteen roads already in favor OF the pro-
posed association.
Secretary Lansing was instructed to
notify Roswell Miller OF the company's
action in the matter.
Mr.. Stubbs, in talking about the pro-
posed association, after the directors
had adjourned, said: "The association
will represent united effort to keep
rates firm and do away with discrimina-
ton OF all kinds, and will rebound to
the benefit of the public as well as
the railroads if it becomes a perma-
nent success. Good faith on the part
OF the roads in the association toward
each other is the only thing that can
make it success. Both strong and
weak roads have got to live, and the
former must recognize the right of the
latter to get fair share of the business,
or we will never have peace. On the
other hand. the weaker lines must recog-
nize the fact that they lose more thar
they gain in the long run by persistent
rate cutting, and are far better off with
steady rates and fair share of business.
''The new association will, of course,
be more or less of an experiment. No
one can tell how it will succeed until it
is given trial, but it ought to succeed.
"When the new advisory board holds
its first meeting it will proceed to form
an association that will prepare set OF
rules for the regulation of all competi-
tive business in the west in all its de-
tails"
"Will the association provide for the
adjustment of all the passenger offices
in this city, creating in their stead one
joint office?"
II can't say; but that ought to be
done as matter of economy and a
means of maintaining rates. Still. Pm
not in position to know what will be
done by the new association when or
ganized."
Besides Huntington, Stubbs and Ros-
well Miller, it is already known thatJay
Gould and S. H. Fl. Clark will represent
the Missouri Pacific in the advisory
board; General w. j. Palmer and D. G.
Dodge, the Rio Grande Western; Presi-
dentJ. J. Hill and j. Kennedy Tod, the
T.. Great Northern; President Mofiat and
George Coppell, the Denver and Rio
Grande; President Marvel and Colonel
j. McCook, the Atchison.