Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-01-10
JERSEY CrNTRAL.s ACTION.
The Company Wants to Show Its Freedom
From the Reading.

The Company Wants to show Freedom
From the Reading.
movement on the part Of the officers OF the
Central railroad of New Jersey, saws the Phila-
delphia Tunes, made in Trenton yesterday to
convince Chancellor McGill that not even a
remnant OF an alliance existed between itself
and The Philadelphia and Reading railroad. led
TO the circulation Of q report late in the after
noon that tn. Reading combination had gone
70 pieces The story came from Trenton after
the exchanges had closed. but it spread all
over town. and the fact that Reading stock fell
OF a point and half during the day made
good many well-informed people accept the
rumor as fact Tho basis Of the story and the
only truth in il Is the action Of the Jersey Cen
tral in petitioning Chancellor McGill for
opportunity to prove that it is in nowise con-
rected with the combination. and TO point out
that there IL Use for the state OF New Jersey
IN future to make 1t n subject for hostile legis-
ktion-
President Mcleod o, the Reading explained
the matter briefly to reporter who called on
him last night He said: II do not know just
what the Central wants to do. but suppose
they tired OF public clamOr and suspicion
and they are anxious to end the expensive hti-
Cation which further moves against them will
entail The people in New jersey and some
people elsewhere viii not believe that the road
l. operating without some alliance with the
Reading system. aud it is natursl that the Gen.
tral wants to change such adverse public opIn-
Ion. l pointed GU: in nv annual report today
the exact status OF the two roads, past and pres
ent and the action Of the Central i. a sensible
outcome Of the Readings endeavor to prove Its
position
What Will Re it, effect on the so-called COM
hine? Absolutely nothing. Since the time
Chancellor HcGil made his decision the Cen
trail railroad has been run as indeI evidently of
the Reading the Missouri Pacific. 1t has
been ofSeered BIZ its own and run in the
interest Of Its own stockhoiders The Reading
10 not liable % il in any way. shape or manner.
The system OF the Reading railroad Would not
be affected BIZ any of its actions and the COM
bine il just rs much of a combine as ever, ex-
esp: that the Jersey Central is not in it,
A question about the Cen. Is control OF coal
eaiput brought out this reply: ''Such coal as it
controls Is subject TO mining and marketing as
u sees At. The Reading will carry it the
Pennsylvania will carry it. according to the
Centrars own idea Of profit ! have no kncwl-
edge u the roads action TODAY. and have no
means of knowing, except a. other people know
It, But | think Its m.'ye IL q good one"
The remarks Of President Mcleod on the coal
question are pertinent in view of a dispatch re
eeived from Eas on late last night saving that
the Central hereafter would deliver every day
70 the Pennsylvania railroad eight trains OF
Lehigh coal Prior 10 the Reading deal the
Lshigh Valley sent a considerable part Of its
eosl to Philadelphia via the Belvidere and Della
ware division OF the Pennsylvania road. After
The formation Of the combine this traffic was di-
verified at Bethlehem and he Reading carried it
20 Philadelp hia over its own lands. The Pennsyl-
vania suffered a good deal OF inconvenience
owing 90 the change and the Central has simply
gone back 20 the old order Of things.
vEY NE CENTRAL WITHDREW.
The New York Herald this morning said the
backbone Of the Reading coal combine has been
broken BY the withdrawal Of the Jersey Central.
and gives the following as the reason for the
latter road : action:
The essence Of Mr.. NeLeod-s scheme wa that
tbs Reading. Lshigh Valley AID JERSEY Central
could ge, the greater part Of the business sEl
control the output G; anthracite coal The
JERSEY Celtral- output for 1892 was 6.000 COO
tons. but the Reading unable to sell more
than $500 OOo tons. Consequently the Central
lost the profit on 100000 tea, amounting to
$7S0Oc0
The Reading los. 500. 600 tons. The Lehigh
VALLEY lest something. while the Delaware
LAekESa.ua aad Western we're gamers, because
they mined and sold .heir full quota
This showing di-pieased the jersey Central
directors. The rates estabI-hed By Mcleod
gave IL a better revenue tor 1921. but the earn
ing should have been greater.
Committee apr o:nted by the JERSEY
Central DIR Ors 10 look into the situation and
n Unnecessary. break the contract sith the Read
ing The committee asked Mr.. Mcleod how he
was going 20 make up the 5O1. go tons that he
fsi.ed 70 sci Tor the jersey Central. lie made
no satisfactcry explanation. aud she committee
replied that they would have 70 take charge OF
their own business.
Continuing the Hsrch saws: President Max
well verIfles the above points. We have with
drawn from the combine, he -a-d. because
We did not get our share OF the business las;
year"
''Yoa sill be free TO make your own rates
new. was suggested
1--WE shall establish rates that will enable rs
70 sell orr share Of tonnage. There - no reason
for cutting rates. ~as the reply.