New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-03-20
RAILROAD INTERESTS.
JOINT TRAFFIC MANAGERS PRAISED
RESOLUTIONS OF GENERALIZATION BY THE

BOARD OF CONTROL.
The Board of Control Of the Joint Traffic As
ISOLATION held a meeting yesterday In the assoc'a-
TONS rooms In the Central Building az Liberty
and West SITS There was full attendance. Pres-
dent George B. Roberts. Of the Pennsylvania Rail-
road. occupied the chair.
z. F. Leonard, of Peoria ILL.,. president Of the
Toledo, Peoria and Western Railroad, was ap-
pointed O member Of the Board Of Arbitration In
place of General Jacob D. Cox. Of Cincinnati. Mt.
Leonard entered the railway service in 1869 as sec
rotary Of the St. Louis. Alton and Terre Haute
Railroad
The Board OF Control listened to statement from
the Board Of Managers, through Commissioner
George r. Rlanchard OF the operation OF the as
ISOLATION since January !. 1885, when It's existence
began.
The Board Of Control adopted resolutions con-
graduating the managers upon the success whch
had attended their efforts and the justice and wis
dom of their decisions upon the many and delicate
questions submitted to them. Their policy and acts
approved. and qualification was expressed
that they had succeeded in adjusting the relations
Of the lines 10 each other upon matters or diner-
ence which had appeared irreconcable II was de,
cared that in promoting public reasonable ana an,
equal rates shippers they have rendered valuable
service to the public as well as 10 the railway com
III W Sa sSg saG x If had been the
efficient agents yet discovered for carrying out the
lutions expressed renewed confidence in the assoca
ton and on the part on .ne to nre
and continue the association.
President Chauncey NJ. Depew. OF the New-fork
Central and Hudson River Railroad. said that as a
result of the association. railroad rates had not been
so well maintained and the public so we'll served In
twenty-five years as at present
THE OREGON IMPROVEMENT COMPANY.
Los Angeles. Cal. March le.-sult has been
brought in the Circuit Court here against the
Oregon Improvement Company and Charles J.
Smith, receiver by the Farmers Loan and Trust
Company of New-York, holders Of $50 100000 Of the
mortgage bonds OF the company. In default OF the
payment Of $323 100 interest, due October last and
in view Of the defendant being insolvent. the plan
tiff asks judicial sale Of the property mortgaged
the appointment of receiver and an injunction
restraining the defendant from interfering with the
property.
AGREEMENT ON COAI-CARRYING RATES.
The presidents OF the trunk line railroads inter-
ested In the btumnous coal trade met In the rooms
of the Trunk Line Association and reached an
agreement on carrying rates.
REPORT ABOUT BOND ISSUE DENIED.
President NJ. E. Ingalls,. Of the Big Four Rail-
road said yesterday that ne had not reported.
come to New-York to obtain authority for an Issue
Of 100000 Of bonds by the company to make bet
terments He added: Railroads not nowadays
spending money except when necessary 10 keep
their properties In good condition. but conserv-
ing their resources. Prospects for the future are
bright, and / believe railroad companies generally
will be able TO maintain present tariffs.