New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-05-13
QUESTION OF CUT RATES,
VIEWS ON THE ADVISORY BOARD.
GOOD RFSuLTs FROM THE RAILROAD MEETING.
But SOME ANXIETY FELT.


BUT SOME ANXIETY FELT
Wall street Is taking pess,mistlc view OF
the result Of the meeting Of the Advisory
Board Of The Western Traffic Association and cx-
pressed rs discomfort ny sales o. the Granger stocks
at the stock Exchange Yesterday II was GET
orally believed. however that II short stock which
sod In fear Of an outbreak 0, tc.cutng on an
extensive scale. Railroad entirely agreed
e ;hcir view q the meeting but the p:cpondcrance
.. sentiment that the association not weak
ened. r. X. Gable, president Of the Chicago. Rock
Island and Pacific. left this city for Chicago in tie
afternoon. Before departing he expressed regret that
the Rock Island had not been authorized Immediately
10 the OF It's competitors. but lie expressed
satisfaction otherwise with the proceedings and de-
clarcd that the question OF Colorado Utah rates was not
OF serious consequence TO the association.
A prominent member OF the Advisory Board said
"Tahing everything into account, consider that the
association has been strengthened by the meeting. IL
Is undoubtedly true that considerable decentralization
In rates exists in the Southwest due 70 the operations
81 lines which not members OF the association ana
also that there I, friction between lines which
are members. But the board able to settle a
great many Of these rate questions and proved Itself
capable OF removing much trouble and healing many
sores There some sores left, II is true. but 40
not believe they bad enough 70 caus" serious
trouble As regards the rate cutting Of which the
Rock Island complained. ]. for sorry that the
mediate reduction In tariffs ordered. such acti)n In
my opinion, would tir more speedily end the dis
turbanceS. But. while there strong sentiment
In favor OF radical measures II was decided That on the
whole II would not be advisable al present TO resort
to extreme means.
a good measure the creation OF the sub
bureau 10 handle tlc ColordoJ'tah traffic and
look to Il TO help 10 aIay the existing discori in this
regard. These questions he easily and sails
facOrily adjusted by the roads which Immediately
concerned. while AT the came time the western
Traffic Association does not surrender Us ultimate
Jurisdiction. The action with regard to the s"h'h-
western RAILWAY and steamship Association also
will tend Ia settle Texas rate controversies. There
no reason suppose that the Rock Island VIII not
wait the required three months before putting the
reduced Coordo-ttah rates Into effect. ana before me
notice become legal there will be another meeting
OF the Advisory Board"
What about the Chicago, Burlington ana quincy =
"That is question which cannot be answered eN-
cept by President Perkins. who Is somewhere III INC
Black Hills. The case against the Quincy wns clearly
made out and the offending officer should be d'chre''
II would be unfortunate of course, u Nr. ferhihS
should refuse 10 act. II would not necessarily ih'cr
ferc with tie working OF the association but II wonh
lessen It's powers In future case OF o''tihg t"'
cuprt could plead t'r precedent % the quincy ana
demand thut it, offence should be- FIST punished
But IL Z, not fair To assume TINT Mr.. fefuhH VIII
infringe one Of the laws Of the assoc"tion, ana Inc
outlook Is encouraging for an imprO' cneht III '"c
general situat!cn.'
George G. Magoun chairman Of the Atchi1'n hoaiu
OF Directors was quoted rs saying ina, 10 "''''
what the decision Of The Advisory Board may d.
in these technical rate questions. the fact co,picu,
',re ,hn, thn r,,ri. now have a lizard capable Oh
aus ,hcso unr.ii.u. Heretofore these mattcrs
have been I'm chnolc condition because cnch road ac'r
on It's responsibility refniers !, ,,. and rusi
ness followed, but now there are r'huScN , s
rates and harmony of action. hn'a ,"' ui M dars
trn,nri tho rNnc-~ OF thc association III" as>-ih-
lion Is not perfect but speaks we'll for Its members
that they can come togethcT ana ""J mes Thee
different interpretations lead 10 better ana stronger
association In the cnd ,., Malta u,s
anos,d IN take a rather gloomy view OF the thrcatri,
rate troubles He has begun MS naihgehlen1 ~, W.
great Union Pacific system WIN tne , p,oct ncyt
Yesr IL the gross earnings Of the road are as great
as they were last year With this Idea IN nlno Nl,.
N ,,r,ng phase nj the western railroad situation
II the burlington and the Rock i.lana tmnsr 'hs
reduction In rates they haye SaT p,c rn The Missouri
paciac and any other line Interested In the vnst
coloradoI TAN business. will have TO cut 10 meet ,,e
.tt viii extend probably TO all classes o rrrlgnt al"
win bring not n single advantage 10 the r9h"s';
cannrs see what the burlington and the ROCK i>ihnn
have TO cain 10y II. Their business VIII nou ~
,o,ead fr the Other lines Will gain proporilona'ei.
and only n rtfng amount ~ business VIII hc nlNrr'r
from H. usual channels Rates once GOV" a., ar I'D
o. restore and only lasting harm 10 all inc r'tnS
con come from the proposed action OF thS" Nv" IN
Apparently however they mean To put tl'ir threat
into execution 49,, ,.. ,-,,, ,hc moot
~ tho Western Traffic Association on TneSdny ana
Wednesday had no significance whatever. ne Ni ""
tanned In Eoston he said hv mpott'"h, nowIng that
uuorIm was assured at the meetings nero H'"o Nv
effort 10 attend them.