New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-16
AN END TO RATE-CUTTING.
RAILROAD OFFICIALS CONSIDER A PRO-
POSED AGREEMENT.
rrr TRUNK LINE PRESIDENTS REFER THE
PROPOSITION TO A MEETING TO RE HELD IN
sEPTEMBER-sIR CHARLES RIVERS
WILSON PRESENT

sEpTEMBER-sIR CHARLES RIVERS
WILSON PRESENT.
Tho committee OF sixteen presidents appointed by
.be Trunk Line Association to formulate a means
-, maintaining eastbound and westbound rates
ss,s a meeting yesterday at the association rooms
a. the Central building. Liberty and West sts and
after A six hours session announced that the COM
o,,tee had decided upon agreement which was
% be submitted to the presidents of al the lines In
.er,sted The details of the proposed agreement
we're made public at yesterdays meeting the official
announcement OF the conference being as follows:
"rhe meeting held to-day. which was the most
,sr,sly attended OF the SERIES was an adjournment
~ tAe meetings held at Oriental Hot and Trunk
Inc Offices. New-York. July 1926. The proposed
s-eorren; discussed at the former dates taken
an and after considerable amendment unani-
rously referred 10 further meeting OF the presi-
ans of al. interested lines. 10 be convened In
Iew-York about the middle of September. Pending
.be reference 90 and action by the September meet
,,x which may still further considerably modify
the paper. 4; is evident improperly to make
tnown the details OF the arrangement or the par
rculars in which it differs from the present agree
men, and no facts other than the above can be
communicated
FREIGHT AND PASSENGER RATES.
THE rates which the railroad men considered yes
.,riav embraced both freight and passenger in all
.hs territory east of the Mississippi River and north
q. the Ohio River. in which territory there is be-
10 nave pttn TtckleSS ana i0NiSCrlNlatc cut
ting for some time. II was first intended 20 have
oay a subcommittee meet yesterday. and have the
fun meeting to-day but the timely arrival the
Majestic OF Sir Charles Rivers Wilson. the new
nresdent of the Grand Trunk Railroad allowed
fsl attendance yesterday. The agreement which
was formed at the conference at the Oriental Hotel,
and which the committee moulded into shape yes
,erday. has never been published. and only an ink
Ing Of 1t is learned II is known that the assocla-
ton favors clearing house. and from the intima-
tor OF a member present yesterday It is supposed
,hat clearing house is one of the features of the
par.
Other IDEAS which railroad men have long advo-
Gated supposed 10 be also a part Of the agree
nent formulated yesic. day. Before the next meet
ng in September. the agreement will only be
carefully looked by the presidents OF the var
Gus ROADS. but the attorneys of the railroads inter
esied Will also thoroughly investigate II, and
that the agreement complies with the laws Of al the
States we'll those of the United States. 1t is
said that some of the counsel of the railroads. who
have seen the agreement. have already given their
approval and there is general feeling that 1t Will
be finally adopted by all the railroads interested.
one of the incidents of yesterdays meeting was
q ten-ninute speech by Sir Charles Rivers Wilson
% e ST. Charles ssd that vs s nh Oa
holders were watching the proposed action OF the
and were as a"xious to have an amicable settle,
men Of rates as the railroad men in the United
States. He thought that a strict adherence to the
provisions of the agreement would greatly in
crease the confidence of foreign capitalists in
American railway management.
THE RAILROAD MEN IN ATTENDANCE.
Yesterdays meeting lasted from II a. m. to
D. m. and was called by the chairman, NJ. E.
Ingalls, president of the Chesapeake and Ohio
Railroad. Among those present were Horace J.
Hayden. second vice-presden and Nathan Gull
ford general traffic manager. of the New-York
Central ana Hudson River Railroad A. FALL
Western freight manager of the Delaware. Lacka-
wanna and Western Railroad: E. b. Thomas
president and G.. G.. Cochran. general traffic man.
aver OF the New-York Lake Erie and Western
Railroad: J. +. Childs. general manager Of the
New-York Ontario and Western Railroad Frank
Thomson first vice-president; c. f. Pugh, third
vice-presldent; w. H. Joyce. general freight egent.
and j. r. Wood. general passenger agent OF the
psnnsylvsnia Railroad b j. L0w5e r Bel genera
Jersey; E. p. Wilbur. president; j. b. Garrett
third ice-president and H. H. Kingston. assistant
general traffic manager of the Lehgh Valley Rail
road: c. X. Lord third vice-president; Frank
Harriet general freight traffic manager G: o.
Scull general passenger agent, and c. s. Wright,
general freight agent, of the Baltimore and Ohio
Railroad; NJ. f. Ingalls,, president. and W. p.
peake and Ohio Railroad; William Duncan, second
vice-presdent of the Baltimore and Ohio South
western Railroad; Oscar G. Murray, second vice.
president of the Big Four; P. w. Caldwell. pres.
the Lake Shore and Michigan Southern Railroad;
Henry Russell general counsel and B. b. Mitchell
general freight agent of the Michigan Central; s.
r. Galloway president of the Nickel Plate; ID: S.
Gss Of % nseH HAYS eeT
OF the Wabash: Sir Charles Rivers Wilson, pres.
dent ano L. j. Sergeant, general manager. OF
the Grand Trunk Railroad