Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-01-11
THE NEW COMPACT.
What the Railroad Presidents Did at
New York Yesterday.
THE MEETING WAS HARMONIOUS.
The Association to Be Under an Advisory
Boards Control.
NEW YORK WILL BE HEADQUARTERS

NEW YORK, Jan. 10.-The meeting OF
the full Advisory Board of the Railroad
Presidents Conference, continued in session
all the afternoon at the Windsor Hotel. At
o'clock the meeting was adjourned until
10 o'clock Monday morning. Chairman
Miller then announced that the board had
decided upon an agreement for the associa-
tion, and had also elected the officers for one
year, as follows: President, Roswell Miller;
Finance Committee, Messrs. Hughitt,
Gould, Gable, Oakes and Marvel.
Mr.. Miller said that at Mondays meeting
the five Commissioners who will compose
the Arbitration Board will be selected.
Everything done at the meeting was unani-
nous, and many OF the Presidents at the
close of the afternoon session expressed
their satisfaction at the way the business OF
the conference had been put through.
The Articles of Agreement.
The agree ment adopted by the Western
Traffic Asso citation is final, and in substance
is as follows: A new association shall be
formed between the several companies
whose lines are situated west of Chicago
and st. Louis, or such of them as
may now become or may hereafter be
affairs of this association shall be
under the management and direction
OF an Advisory Board, to consist of the
President and one member of the Board of
Directors of each company. The Advisory
Board so constituted shall have power to
establish and maintain uniform rates
between competitive points, and to decide
all uestions of common interest between
the members of the association. 1t shall also
have entire charge, through properly con-
stituted representatives, OF all outside agen.
cies for the securing of traffic at competitive
points.
The rates established and the policy
adopted by the Advisory Board at any
time shall continue in force and be binding
upon all companies comprising the associa-
tion until altered by subsequent action of
the board.
How Roads May Withdraw.
A vote of at least four-fifths of the men,
bers of the association shall be required to
make its action binding upon all. No
company shall withdraw from the assocIa-
tion, except after 80 days written notice by
resolution of the Board of Directors to
every other member of the association, with
the proviso, however, that the association
shall continue for at least six months from
January l., 1891. Under existing condi-
tions it is expedient for each company to
set in operation the policy and plan indi-
Gated in the foregoing as early as prac-
ticable.
The name of the association shall be the
western Traffic Association and the
Office of the Chairman of its commissioners
shall be in the city OF Chicago Except as
hereinafter specifically provided, tine busi-
ness to be covered shall be all the
State and Interstate traffic, both
freight and passenger. which is competitive
between any two or more of the men,
bers of this association, having origin or
destination in Illinois, Minnesota Wis
consin and the peninsula of Michigan, or
any State or Territory west of the Missis-
sippi river, except business passing between
points north of the Ohio river and points
south thereof, both of which are east of the
Mississippi river.
Mexican Business Included.
The business to or from the Republic of
Mexico via the Rio Grande crossings shall
be included; provided, that business to and
from trans-Paciic ports is excluded. the
association shall have control of the routing
of the same east of the Missouri river.
The Advisory Board shall meet quar-
terly on the second Tuesday OF January,
April, July and October each year. The
January and July meetings shall be held in
the city of New York, and the April and
October meetings in the city of
Chicago. In order to meet the competition
of lines outside of the association, the Com
missioners shall, on the application OF any
member. make such immediate temporary
change in the rates, divisions, rules or regu-
lations affecting any one or more Of the in
terested lines as the Commissioners may deem
necessary and expedient, first notifying all
interested parties, and they shall at once
convene the rate committee of the interested
lines for further consideration of and action
in the matter.