New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1894-03-25

legally enforce we cannot undertake 10 punsn ,e
guty parties without also Furnishing the ihnocen
nrnnortio1. we do not own these properties put
are paid TO manage them Honor ana interest ,hi,
nrge ms TO suffer much and exhaust e|elEtnniIi,5
for peace DO not feel like confessng to the worln
that the in this room VINO nave ms % must
make the declaration the people OF the ni'Tii
states that they are incompetent 10 Co"nu ,r stoct
we do nut ourselves in that position our sloCh
Sol1nTs / mink would say that ought to re-
sign and let others take our places.
EXPENSIVE AGENCIES REDUCE PRoFlIS'
Tho real trouble does not come from the weak
ness or incompetency or bad faith OF these preSi-
dan,s but from the conditions Of ruinous compeu-
,ion We all Of rs employ muttudinous agencies.
The through passenger receipts from New-1 ork 70
chicago Weld about 81 80 90 annually and we spend
s2-6 G in Offices on Broadway. or 20 per cent MN
ilef rid of rnosi Of our agencies. was told mere
Of traffic which WAS procure Dy Gnf IT'S 81 sht
with another weak line last month, ana Munnn tbt
nm oU,siia offices agencies and extra solicitors
had cost them % per cent of the gross thH l. H.
traf,r touched the cars Almost all OF this cu,-raIe
business is carried at loss and piles up r 3P Fast
freight lines on roads. with twenty oiicrs III
Chicago fight for tonnage reSe iui,S3 ~ TrS az
bad faith on other lines is believed. ana tnen comes
tho order-"Keep voui business at an haI h and
one in the Central Traffic Associations that IN every
place of considerable Importance IN tlon ~ Give
,I, Tasscnger rates and one to give out freight
80 vow ali our companies and until We come 10
@r9 s U arrangemen we never will be in posi-
ton where honor and pride VIII nave tne E!dt''cn
ton of knowing that our estaOIsheu '"'e" arc
The immediate sore now is very small matter
nomnt 70 ner cent of the first and second class
passenger busipess between Chicaeo anu on4
seems to me that the dinerenal lines could settle
ii among themselves.
WHEN THE STOCKHOLDERS ARE HEARD FRoM'
hope this Congress will take up the question OF
pooling. and that the present disastrous cohui'onS
prevailing throughout the country. the present ulii-
culties of business everywhere. and the greater en-
lghtenment which prevails on railroad traffic VIII
lead TO the passage Of a bill which viii allow us
TO make contracts which can be enforced we GER
tanly do not feel that the worst thing ma I
If Won get the rates OF the railway lines down 10
onehalf of what they are then when the rVauS r
together again the Commission may nlslst thit va =,
rates shall be pool rates That VIII be the COST OF
the to the railroad companies II W. h W.
upon this railroad war al preseht, W. ,hcr We
sickest lot of men who ever gathered Wnch W.
finally come together win ehaSi.ien n indj,-nant
empty pockets driven together by our a''is Ian
stockholders to see if cannot get back WheIe
moi See why these five dntrential lines cannot
agree divide this disputed business elua! M
its shippers give It up We the Central. Will stand
our share Of an assessment 10 meet any ua'idbV
railway LAWYER OF thrty years There is no
against public policy. and a contract when me
court would 50 declare if it ever came 10 a 'es,
would hurt the pockets Of those who made H.
The road is afraid Of damages. not from the courts
but because If it breaks this contract IT'S patrons
will not make another 1t IS me Conmecti ai, io
make terms which they call contract when can
not be broken. Now, what IS the trouDe ABOUT
your getting together and settling TINS?
RATES DO NOT AFFECT TONNAGE
am informed that the rates on iron with no
shipper asking for II. went down from i cents 10
cents at Cleveland last week: the rates on grain
to-day are practically down from % cents 10 10
cents with no shipper asking it-nobody asking H.
We are doing this in the effort to get business
which does not belong us. But no matter where
rates 20. everybody adopts them and we each Eet
that instead OF carrying the traffic at fair proht
we take il at a loss. We are each or us getting
lust as much tonnage at L. cents as we would have
got at Ono and no !eSS-ani We Will lax"
the same at 10 a we are T.. and just a much
AT as at 20 You cannot alter this law. W nat one
does the others meet, and all lines are soon on Ne
when he communes with himself. that ne would hke
to commune with person who was not Iorcci 20
danger Of being put into that class OF the aDe ana
unwse who are known as damn fools-thdts the
plain English Of it-and the circmmstances are
such that the Recording Angel Will bio; out the
epthet. ,. -.
Now. propose to submit as a substitute for these
drastic measures
First. that we renew our pledges to maintain in
good faith contracts
Second that share pro rata any damages
which may be assessed for getting rid of this
secret arrangement Of the offending line with a
shipper.
Third that we agree. under legal advice. 10 A
contract, to pay penalty OF $1,000 whenever the
Commissioners adjudge any one OF us guilty OF
rate-cutting or paying commissions