New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-11-20

the managers within ten days Of the agreement
going into effect. The managers are from time
10 time to recommend such changes In rates
rules etc. "as may be reasonable and just and
necessary for governing the traffic covered by
this agreement and Tor protecting the interests
OF the parties hereto therein and the failure 70
observe such recommendations by any party
hereto as and when ma ie shall be deemed
violation OF this agreement. No company party
hereto shall through any Of its officers or agents
deviate from change the rates. fares. charges
or rules herein reaffirmed or So recommended by
the managers
Section No. 3 Of this article reads:
The powers conferred upon the managers shall be
so construed and exercised not to permit VIOLA
tion of the Interstate Commerce Act or any other
law applicable to the premises or any provision OF
the charters the laws applicable 10 any OF the
companies parties hereto and the managers sns
sion to secure stability and uniformity In the rates
fares. charges and rules established hereunder
AS to non-concurring companies, Article TX,
Section No. l. reads:
The managers shall decide and inforce the course
which shall be pursued with connecting companies
not parties to this agreement. which fail or decline
tab,ished under this agreement The interests OF
companies parties hereto njurously affected by
be accorded reasonable protection In so far as the
managers can legally do so.
Article Is as follows;
1t is recognized and agreed that economy In the
operation Of thre Igh cooperative and commission
I freight lines and the limiia ton termination or
Absolutely required and the companies parties here
to will actively cooperate with the managers ana
so manage such lines as TO accomplish such results
OTHER POWERS GIVEN.
The managers may organize joint freight and
passenger agencies and approve contracting
agencies, defining the duties Of the latter. the
Grand Trunk is to be allowed to appoint Sole
itng agents at points in Canada necessary to
.lg..x rt,ac ,Af yQ r.
ties hereto" these to be subject TO the managers
The companies are TO supply all necessary re-
ports. etc. to the managers.
Article XVI provides for forfeitures as foi-
lows:
For any action by any party hereto which In the
Judgment Of the managers constitutes violation
OF this agreement the offending company shall FOR
felt to the association sum 70 be determined by
the managers. not exceeding 5000: but where the
gross receipts OF the transaction In which this
INK party shall at the discretion Of the man
ayers. forfeit sum not exceeding such gross re-
ceipts Such forfeitures shall be applied to the
payment of the expenses of the association except
that the offending company snail not participate IN
such application Of its own forfeiture
MONEY TO BE DEPOSITED.
Each company. at the cali OF the manager. is to
deposit 5000, and such further sums monthly,
based on gross earnings as the managers deem
necessary to defray expenses, including salaries
of commissioners and arbtrators. No refund Is
ment. Forfeitures are to be paid within hfteen
days
Article XIX provides for a Board or Arol'ratioh
of three disinterested persons. to wnich appears
shall be made All differences. except as 10 Ia,es
and fares are to be finally decided by the arpl-
traitors Amendments to the agreement may De
made only by unanimous vote.
Article XXI Sections Nos. and 2. reads as fol-
lows:
This agreement shall not be effective until II snalI
h,-t tba hOar Of
several companies parties hereto l'erCnen "
resolutions giving such approval shall be hied Win
the managers. 49, r.,. , 1904
This agreement shall take effect January l. tsso'
and continue in existence for hve years tnerehlte.
subject 10 ninety days' written notice by any COM
pany OF its desire 10 retire therefrom
The presidents held executive session In re-
gard to the appointment Of arbitrators ana ao'
journed until December l2 The Comml''ee ''
Revision was continued W: h power to arrange
ou detaiIs nrocure signatures to the engrossed
agreement, and decide on the delivery OF copies
TO the proper public authorities.