The Anaconda standard. [volume] (Anaconda, Mont.) 1889-1970, 1890-12-16
The BIGGEST TRUST YET
All Western Railways Combine Under
The Direction Of Jay Gould.
AN IRON PLATED PLAN
Rates VIII Co Up and the People
Need Not Look For Conces-
slons From the Combine
Work for Congress.

New YORK, Dec. l5.-The long
pected meeting Of the representatives %
the western railroads was held to-day az
the house of Banker Morgan. The fol-
lowing companies were represented:
Chicago d Northwestern, Burlington 4
Quincy, Chicago, Rock Island & Pacific,
Chicago, Milwaukee & 81. Paul, Union
Pacific, Missouri Pacific, Atchison, To
peka & Santa Fe. Wabash. Chicago, ST.
Paul & Kansas City, Illinois Central,
Southern Pacific, Denver q Rio
Grande, Northern Pacific, Rio
Grande Western, Great Northern and
Iowa Central. Besides the representa-
tiyes Of these companies there we're pres
ent ]. Pierpont Morgan, Samuel Spencer,
John Crosby Browne, Howard Potter, and
George c. Magoun.
The preliminary agreement, which has
already been published, was presented by
Jay Gould, and read.
After some discussion, Morgan said that
after long consideration a simple but
comprehensive plan had been agreed to
by the Vanderbilt and Pennsylvania lines
for their mutual and competitive interests
and based upon that plan he had pre-
pared a scheme which lie proceeded To
read.
II provides for the formation OF a new
association between the several com.
panies west Of Chicago and st. Louis tc
he under the management and direction
Of an advisory board 20 consist Of the
| president and one member Of the board
Of directors of each company. Ii shall
have power 10 establish and maintain uni
form rates between competitive points
and decide all questions of common in
terest between the members.
Ii shall have entire charge Of all
outside agencies for securing
traffic at competitive points. IL
any officer or representative of
any company shall authorize or prom
Use directly or indirectly any variation
from the established tariff he shall be dis
charged.
The rates and policy adopted by the adj
visory board shall continue In force and
be binding until altered by the board.
The vote of at least four-flfths Of the
members shall be required TO make its
action binding upon all. The board shall
appoint proper arbitrators, commission
ors and other representatives, and adopt
bylaws 10 carry out the purposes Of the
association. No company shall with
draw from the association except after
30 days written notice, by resolution
Of the board Of directors, In
every other member of the association,
with the proyiso, however, that the asso-
citation shall continue at least six months
from January next. This agreement to
he laid by each OF the representatives
present before the board Of directors Of
his company for action.
After long discussion il was adopted,
all voting in the affirmative except the
Chicago, Kansas City & ST. Paul, which
wished more time for consideration. The
Chicago d Alton. the Kansas City, Fort
Scott a. Memphis and the Missouri, Kan
sas q Texas will also be invited 10 join.
President Miller OF the ST. Paul road, is
empowered TO act as chairman of the adj
iourned meeting with power to call the
first meeting of the advisory board.
after receipt by INN of notices Of the ac-
ton Of the several boards of directors.
The most perfect harmony prevailed at
the meeting aud il was considered by all
present that the action taken was a great
stride toward conservative aud effective
cooperation between all the companies.