The record-union., 1891-01-11
THE RAILWAYS.
AGREEMENT REACHED AT THE
CONFERENCE OF PRESIDENTS.
The Headquarters of the New Rail-
road Association VIII Be
at Chicago.
Special to the REcoRD-UN1os.

New York, Jan. 10.-The conference
OF railroad Presidents was resumed this
morning. The reports of the general and
subcommittee were presented. At 1:15
O'Clock the Advisory Board adjourned to
2:30 O'Clock. Miller, the Chairman, said
the Board had not yet reached the report
of the Committee on Organization and
Bylaws. After the recess the board will
probably remain in session the greater
part of the afternoon. Until after final
adjournment nothing of the action of the
board on the report of the committee will
be made public.
President Cable of the Rock Island said
the concessions made to the Southern
Pacific were not formidable, but they
were conceded in spirit of friendliness.
Everything possible had been done to
harmonic matters.
At o'clock this afternoon the meeting
adjourned until Monday morning.
Chairman Miller announced that the
Advisory Board has decided upon an
agreement and elected officers for one
year as follows: President, Roswell Mil
ler; Finance Committee-Messrs. Hugh
itt, Gould, Cable, Oakes and Marvel.
At Mondays meeting five Commission
erS, who Will compose the Arbitration
Board, will be selected. Everything done
at the meeting was unanimous, Miller
said.
EsThe agreement, which is quite lengthy,
begins by rehearsing the preliminary
agreement adopted at the December meet
ing. The statement is made that those
resolutions have been formally ratified by
the respective Boards of Directors of the
companies represented, and in order to
carry out the design and the fundamental
principles OF the agreement the following
bylaws are agreed to. These bylaws
provide, in substance, that the name of
the association shall be the Western Traf-
tic Association.
The affairs of the Association will be
under the management of the Advisory
Board, composed of the President and
one member of the Board of Directors OF
each company. The Board shall have
power to establish and maintain uniform
rates between competitive points, and de-
eide all questions of common interest be-
tween the members. 1t shall also have
charge, through properly constituted
representatives, of all outside agencies for
the securing of traffic at competitive
points. The rates established and the
policy adopted by the Board shall con-
tinue in force and be binding upon all
companies until altered by subsequent
action of the Board. A vote of at least
four-tifths of the members will be neces-
sary To make the action binding on all.
No company shall withdraw from the
ASSOciaIlO0, except aiJer ninety days
written notice.
The business to be covered shall be all
State and interstate traffic, both freight
and passenger, which is competitive be-
tween any two or more members of the
association having origin or destination
in Illinois, Minnesota, Wisconsin and the
Peninsular of Michigan or any State or
Territory west of the Mississippi River,
except business passing between points
north OF the Ohio River and points south
thereof, both Of which are east of the Mis-
sissippi River. Business to or from the
republic OF Mexico, via the Rio Grande
crossing, shall be included, provided that
the business 10 and from the tranSpacific
points is excluded, the association having
control of the routing OF the same east of
the Missouri River.
The Advisory Board shall meet quar-
terly, January and: July in New York
and April and October in Chicago.
HEADQUARTERS AT CHICAGO.
CHICAGO, Jan. 10.-Private advices re-
ceived in Chicago from the New York
railroad meeting are to the effect that a
warm discussion has been in progress
over the question of where the head
located. The scheme of the Eastern men
to establish them in New York was
finally defeated, and it was decided to
make Chicago the headquarters and hold
every alternate meeting OF the Advisory
| Board in New York. So far as the agree
ment has been outlined, it is. generally
pronounced by railroad men as one which
all the Western roads can subscribe TO.