The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1891-01-13
Opinions Of the Various Presidents.

Especial to THE NEUTRALITY-SUSPICIOUS. Dispatch1
New YORK, Jan. 12.-The advisory board
OF the New Western Trunk Line association
concluded its session at the Windsor MOTEL
to-day. In discussing the agreement c. P.
Huntington, president of the Southern
Pacific railroad, said: '.Both the people
who use railroads and the people who own
them will be benefited by the agreement
if it is faithfully carried out. Rates are
now too low and the low unstable rates
benefit too few. The people want reason
able and stable rates. They do not want to
see the railroads worn out carrying busi-
ness at unremuuerative rates. They want
to see the railroads when their old rails are
worn out have money enough to buy new
ones. The people, L believe are in accordi
with the movement. l 60 not believe any
roads in the country work so near the peo-
pie as those IN the Southern Pacific com
pany. There ought not to be more than
three great carrying companies in this
country One road after another is going
into the hands of receiver on account of
cut throat competition and costly opera
ton. L buy all the material as cheaply as [
can for our road and we work the roads
very closely. We don't make any money
to speak of, but we try to keep our ex-
penSeS within our earnings.
The outlook for the general prosperity
of the country was never better. Money IS
going to be plentiful; there are going to be
less wildcat schemes; railroads will not be
built on genius for long time to come:
there Will be no great amount of construc-
ton in 1891. There will be no great num-
Der of new manufactures started, as we
now have the facilities for making every
thing up to our needs''
81 believe great good will grow out of the
agreement" said Russell Sage, land it
promises permanancy which no former
organization has attained Great interest
in it is manifested by the public, and this
will prove an important factor in carrying
out the plan. The public will be largely
benefited by it. Great economies will be
inaugurated among the roads and their re-
liability as carriers will be improved. The
securities Of the roads will be made better
as investments"
SIT is the best agreement we have ever
had,n said Roswell Miller, president of the
Chicago, Milwaukee & St. Paul railroad
and president of the advisory board of the
new association. There is every reason
to believe the MEN attending the conference
have acted in good faith and that the agree
ment will be permanent. There is more to
be gained from carrying out the agreement
than from abandoning it,"
1.-THE agreement will be maintained"
said Il. II. Gable, president of the Chicago.
Rock Island & Pacific railway. 1--WE never
before had so complete an arrangement and
look for great benefits from it,"
My belief is that the agreement was en-
tered INTO in good faith" said Allen Man
vel, president of the Atchison, Topeka 81
Santa Fe railway. eff rates are absolutely
maintained the large territory covered by
the Atchison and its power to originate and
distribute business will enable it to com
mand its fair share of traffic. do not an
ticipate any increase in rates at all''