The morning call., 1892-01-15
CUT RATES.
Early Disruption Of the Western Traffic
Association Predicted.

NEW YORK, Jan. 14.-Jay Gould was
seen this afternoon at the Windsor Hotel,
and when asked what truth there was in
report that he had retired from the West
ern Traffic Association replied tEat there
was no truth in it.
c. p. Huntington of the Southern Pacific
said tonight, in reference to the story that
Gould had rendered his resignation Of the
Missouri Pacific to the Western Traffic
Association, that he was not present at the
meeting wien the discussion on cut rates
came up. but he understood that Gould was
greatly irritated over what he deemed an
injustice. and had served the regular
ninety days notice Of withdrawal Hunt
ingtOn said he did not believe the
association would be disbanded. He
thought Gould man Of great common
sense and was coUfiient the matter would
be compromised. He was not aware that
the Southern Pacific had done anything
wrong IN the way Of cutting rates. An ap-
peal, however, had been made ID the Board
OF Presidents, and until they passed upon
tie matter he could not say what course the
Southern Pacific would pursue. He adj
mltted that If the case was decided ad
Yersely to his company the guilty party IN
his employ would have TO 90. In Conclu-
sion he said that GoIld had the same right
Of appeal before dscharging Manager
choose to take advantage of it.
DISRUPTION PREDICTED.
An evening paper asserts that the West
eTn Traffic Association will IN all prOba0ll-
itY break I'D within six months, and that a
representative of one of the largest roads in
the assoc latgn said to-day that In his Opin-
ion another meeting would never be held.
1t is stated that the meetings were decidedly
inhaTmoniOus Monday, after several mat
ters Of routine were disposed Of Gould re-
marked that If action was not taken in the
cases OF three roads guilty Of Tate-cutting,
the Missouri Pacific would withdraw. The
original offender was the Southern Pacific
on the sugar rate. The Burlington cut the
rate on wool. There was no response from
any of the guilty ones, nor from Presiding
Officer Miller. Thereu00n Mr.. Gould
walked out Of the room. Tuesday no action
was taken, and Yesterday Vlce-President
Clark served a notice that the Missouri Pa
cihc would withdraw in ninety days.
GOULD's POSITION.
A prominent Western railroad man said
to a reporter; "As l take it MI Gould has
been fair. He simply demanded justice, but
the trouble was this time that the men in
vOlved in Tate-cutting occupied too high
places. The discharge of Vce-President
Stubs Of the Southern Pacific, and General
Freight Agent Miller of the Burlington was.
/ understand, demanded. The guilty roads
are, apparently, not disposed to take their
own medicine. | think MI Gould will now
endeavor to put his old scheme OF a railroad
clearinghouse through.
DENIAL FROM GOULD.
Gould gives out a statement this morning
In which he says: " The statements pub
llshed in the reports of the meeting Of the
Presidents Association Yesterday, that the
charges against the Burlington, Southern
Pacific and Atchison were brought forward
by me, are untrue, as ! knew nothing OF
them until they we're submitted and read
by the Chairman at the meeting The
charges presented were by the Commits
sloners, and IN shape for their final de-
cisiOn, holding the roads guilty and attach
ing illegal tariffs 10 their decision.
TRANsCONTINENTAL ASSOCIATION.
At the general meeting to-day of the
TTansCOntinental Association the following
roads were unrepresented Rock Island, Dem
YeT and RIO Grande, Great Northern, Oregon
hallway and Navigation Company. Oregon
and California and Rio Grande Western.
The subject under discussion was the rates
between points west of the Missouri River.
The warliBe proceedings of the Western
Traffic Association on the the subject of cut
rates did not affect the TranscOntinental
Association. At the afternoon session it
was decided 10 reOrganZe the Canadian
Pacific ditferentials. The subject of the
Pacific Mail was discussed, but action was
deferred until tomorrow.
FIRST MORTGAGE BONDS.
The Governing Committee OF tie Stock
Exchange has added to the list Of securities
of the Northern Pacific Terminal Comp any
Of Oregon 100000 first mortgage gold bonds
issued for the purpose OF acquiring real es-
tate at Portland, grading the terminal,
constructing new track and the purchase
OF additional rOlling-stOck.
UNION PACIFIC.
The Wall-street journal saws. We are
told that certain security holders of the
Union Pacific, Denver and Gulf are not sat
istied with the treatment the road is receiV-
ing from the Union Pacific, and ntimating
their purpose to invite James Ii. Benedict
to take up the fight Tor them against the
Union Pacific as he did for the st. Joseph
and Grand Island.
BosTOy, Jan. 14-The Union Paciic's
November statement of the entire system is
as follows: Net earnings, Sl,S23, 600; in
crease, S645, 900. For eleven months to No
vember 30th the net earnings were S14,-
168,000, an increase of $3.50 900. The ex-
penses decreased Sl,767,000.
CHICAGO AND NORTHWESTERN.
CHICAGO, Jan, 1.-The Times this MORN
Ing prints an article TO the effect that the
Chicago and Northwestern will, In the
spring. commence its l0ng-cherishcd project
Of extension toward the Pacific Coast
which, stopping temporarily at Ogden, will
ultimately reach the coast. 1t owns the Fre-
mont, Elkhorn and Missouri Valley. which
runs from Missouri Valley. Iowa, to Fort
Casper, Wyo., about $50 miles.
Senator Plumb's Will