New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-07-26
AN AGREEMENT ON RATES.
WORK OF THE RAILWAY MEMS SUB
COMMITTEE.


COMMITTEE
RATIFICATION BY THE FULL CoMMITTEE-THh
AGREEMENT WILL PROBABLY BE APPROVED
ny THE VARIOUS LINES AND WILL
THEN BECOME OPERATIVE.
The committee OF fourteen appointed at Wednes-
DAYS meeting at the Oriental Hotel. Manhattan
Reach Of the Committee OF Presidents represent
ing the roads In the Trunk Line and Cehua'
Traffic aseociations met IN the Trunk Line roohs
in the Jersey Central Building in Liberty-st. yes
terday afternoon and ratified what IS underS'ooi
TO be an ironclad agreement as to the maih'enan..
OF both east and west bound passenger ana i'',h".
rates. The agreement will now go to the boaru oi
Presidents and when they have acted upon II II VII.
be further ratified by the boards OF directors Vi
the various roads
Yesterdays meeting Of the committee OF io"'
teen was preceded by meeting OF the sup-con'-
mittee OF five. TO whom the fourteen hhd o''
gated the preparation Of the agreement the conf
mittee OF five consisted OF President E. II. Thomas'
Of the New York Lake Eric and Western; oscar
g. Murray vice president Of the "Bg Four. anu
representing the Chesapeake and ONO "Hi''
Duncan. Of the Baltimore and ohio Southwes'ern'
d. s Gray agent of the Pennsylvania lines west
OF Pittsburg. and Charles NJ. Hays. vice-presiue"'
and general manager of the Wabash
J. +. Goddard commissioner OF the Trunk Line
Association and George r. Blanchard. cornms-
siorer Of the Central Traffic Association. were pres
ent in an advisory capacity at both meetings. anu
when the Committee OF Fourteen met. Commissioner
Blanchard took the chair. The Committee oil rN"
he'd prepared agreement. and reported IT 10 the
full committee. the members OF which. In addition
to the Committee Of Five. Orlando Smith OF
the Baltimore and Ohio: w. H. Joyce. Pcnnsyi-
vania: J. c. Garrett, Ichigh Valley: g. g. Cochran
New-York Lake Erie and Western; n. J. Hayden
New-York Central a. Fell. Delaware, Lackawanna
and Western; l.. J. Sergeant. Grand Trunk; g. j.
Grammar Lake Shore and c. b. Reeve Chicago
and Grand Trunk.
The full committee meeting lasted until after .
o'clock and the details of the agreement prepared
by the Committee Of Five were thoroughly dis
cussed prior TO It's adoption.
SECRETARY HOYT's STATEMENT.
After the adjournment Of the meeting Secretary
f. H. Hoyt OF the Trunk Line Assoc citation made
the following statement coming from Chairman
Blanchard:
the presidents appointed a special. committee 81
fourteen to consider tho subjects then presented
This committee appointed a sub committee o: hyc
which agreed upon unanimous report TO It's
main committee. Tho main com .af;oc met today
sgbnnt back 10 rs PresiGen,s committee. o, which
President VI T.. ingalls,. Of the Chesapeake and
Ghh1 Is S DEW. n he NeSyork renira
Tbs report VIII not rearh ires,,sht LAS "'or
Later Nc are unable to state what further course
they VIII take
President ingalls, is staying at The Oriental Hotel
Manhattan Beach. and 1t vas thought that Z
enough - the presidents are here a NEE ing may
be held today. Il is The desire % have meet
ing as soon as possible. The date and place Of
the meeting. however. are TO be hxed by Mr. IL
gals.
4 FEATURE OF THE AGREEMENT.
Though the details % the agreement hav" not
been made public. II understood yesterday thai
one Of The important features Is ii" organ.zl-
ton 81 q governing board and 81 a commis'lon
The Governing Board viii represent the various
roads parties 10 the agreement. AMI VIII have alb
solute power The executive body Will De snail
commission. made up ~ members u the Governing
Board. The members OF this ccm'ns,i on arc not
expected 10 be announced unin after The agreement
has been fully ratified
As Il vii be some time before The raiircail n
have all been made. the ac~ agreement may not
e. into eiycc: until some time ln the fall In he
mean time rates freight Will De ma ntainei under
the resolution OF the prcsii"nis, passed on June :?
last; which restored. July ;. The 'ull schedule
rates on east and west hound business. which had
been Threatened with Generalization through cut
ting nv some lines Tho question OF outstanding
contracts a, variance with NJ schc iue WAS set
fled recently by the decision OF the Trunk Lane tx
ecut,e Committee 10 abolish all such contracts.