The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1893-12-22
FREIGHT RATES CUT
The Grain Tariff Sheet Again
Slashed by the Erie Road.
Banker MagOun's Death and Its Effect
on the AtehisOn System Discussed
by N. Z. Ingalls,.

The Erie yesterday announced another
cut on grain rates, Chicago to New York.
IL put the rate at ID cents, and it is said
that within a week the rate will be reduced
to 10 cents. When the other Eastern lines
heard that the Erie had announced new
tariff to go into effect Dc. %, a meeting
was hastily called at Chicago for the pur-
pose Of meeting the rates. The meeting
was rather stormy, and broke up without
any action being taken Some lines were
In favor OF reducing the rates; others were
not, and the general understanding was
that no reductions will be made before Jan.
j. When this was reported TO the Erie Off
Gals they merely remarked, 1.-THE others
made the 15-cent rate before made il.
If they reduce the rates they must go be
low 10 cents" This the other roads deny,
ali claiming that they have adhered virtu-
ously TO the agreement to preserve rates.
Guarding Against Evasion.
In years past. whenever the roads In the
Central Traffic A cation have decided on
an advance in rates like that to be made
on Jan. /. there has been more or less
trouble as regards what business could be
carried under the rates preceding the ad-
vance ordered, evasions being resorted to
by agents TO favor the shipper beyond the
time the agreement contemplated. This
time special pains have been taken to make
the agent and the shipper understand just
what the agreement means, and a circular
has been issued plainly setting out the
rules to govern shipments of freight to be
forwarded both prior to and after the adj
vance. This circular, which Is in the hands
OF all freight agents and fast-freight line
representatives doing business mere, says:
"An property which is received from con-
meeting lines, which Is consigned at through
rates direct TO points in the East and rated
at originating points previous to JAN 1,
1884, will go from Central rrafhc Associa-
ton points at the proportion of through
rates in effect by our respective lines prevt-
Gus to Jan. 1, 1894, provided waybills bear
the notation in transit prior TO Jan. i,
1894; provided, always that such property
shall be delivered to the roads on or before
Thursday. jan IL, 1894. All freights which
ton points or points in the Central Traffic
Association territory shall be charged from
said points at the proportion of the through
AL property bought on the board of trades
OF grain centers and ordered to the Eastern
orders are accepted by the Eastern lines,
will go forward from such points at the
through rates in effect previous to that
ping directions are furnished in writing
by the shippers prior to Jan. 1. 1894, way
dan /. 1894 The numbers of all cars en-
titled to through rates existing prior TO
Jan. !. 1894. must be reeorted before II
which are not so reported will be charged
at the advanced rate taking effect Jan. 1,
1894. All elevator orders actually received
during or previous to Dec. 80, 1888, will take
the authorized through rates in effect Dec.
DO, 1888, provided such property is loaded
previous to Jan. /, 1894. No property loaded
1t Central Traffic Association points on or
after Jan 1, 1894, will be passed at less than
FULL tariff rates, taking effect that date"
Another Talk with Ingalls,.
President NJ. E. Ingalls,, of the Big Four.
arrived in st. Louis yesterday morning.
and last night attended the annual meet
ing OF the New England Society. When
asked If the Big Four anticipated purchas-
mg the Chicago & Eastern Illinois he said:
money is scarce and railroads are feel
ing their way carefully. l can say nothing
at present regarding this deal. In April
or May, 1894. l will be better prepared to
give an expression 20 the public"
Are you of the opinion that by the death
OF banker George G. Magoun. OF New York,
that the Atchison, Topeka & Santa Fe will
be placed In the hands Of a receiver"
II only learned to-day of Mr.. Magoun' s
death, and while 1t is severe blow to the
system. / am In hopes that 1t will be able
TO brave the tide. although debt the size
of the AtchisonS is pretty hard TO. over
come at this time President Reinhardt Is
an able railroad man. and he may be able
TO keep the system out OF the reach of re-
ceiyers. but whether he does remains TO be
seen.