The morning times., 1896-09-06
WESTERN. ROADS FEEL It
Eastern Rate War IS Hurting
Their Business.
BOTH SIDES ARE WAITING
No Further Move Will BE Made by
EITHER Seaboard or Southern Until
the Meeting of the Freight As
ISOLATION in New York on Tuesday.
Railroad Notes.

Z,
Htstilities have ceased for the present
in the rate war and until after the meet
ing of the executive board OF tile Southern
Freights Association IN New York on
Tuesday no move will probably be made
by either party.
The reduced rates OF the Air Line are
now in operation aud the cdJ OF the South
ern will become effective on Monday.
There seems to be q likelihood of many
Western and Northern roaas Detug drawn
into the war. Complaints from Cincin-
natl, Cleveland and Louisville merchants
have been received by both companies stat
Ing that all tile trade is going to Baiu-
more and that they are getting NO busi-
ness whatever.
HURTS WESTERN ROADS. ~
The Western roads are feeling the loss
OF business and eyincing signs Of dissaus-
|. faction During the time that the Air
Line and the Southern are working Oh the
same rate card an attempt will be made
by the Stockholders 10 bring about peace
full settlement.
Failing in this the fight will be fought
to finish, and the Interstate Commerce
Commission and the Supreme Court will
he resorted to before the battle is DECIDED
The Atlantic Coast Lire will, of neces-
sity, be involved in the fight. and unless
rates are cut by this road it will do no
business. The employees of the Air Lire
and OF the Southern are grumbling con-
siderably. They say that these .sa.s ways
fall on the men who work for the roads.
Wien the stockholders begin 10 figure
up the losses they reduce expenses by low
ering wages ard disCharsing men. In the
near future the employees see nothing
but hard times, and look on with disap
provai while the war is ieirg waged.
The effect Oh the revenues of the COM
papies will he seen when 1t is known
that the Bay Line and York River Norfolk
companies are carrying freight at
heavy loss. The Seahoard put into effect
yesterday a cut Of 35 per cent in freight
rates and the Southern and Atlantic Coast
Line also made operative the rev schedule.
FUNDS OF THEB. & O..
In the United States Court in Baltimore
yesterday Special Master A, &. Durham
stated that he had examined the reports
OF Receivers Cowen and Murray of the
Baltimore and Ohio Railroad ( or Ma rel, April
and May and had found them correct.
When the receivers took charge last
February, the report states, a current
opera,iDgfundof$1 6S, S11. 81 and a terminal
mortgage fund OF 81 ,273, $3.50. 30 passed into
their hands. The latter sum is held as a
special deposit for furnishing additions
to and Improvements OF terminals at Balti-
more, Philadelphia, Pi:tsburg, Brunswick,
Cumberland and Benwood.
In accordance with the terms OF this
mortgage the receivers disbursed in March
$500; in April, $1S .932 40, and in May
$13,55S.S1. The receivers reports COW
cred both the current and terminal funds
for March, April and May. From June 1 q
separate report will be filed for each
fund.
TheSouthern Railroad employees are specu-
iatipg on the changes which W. W. Finley,
the newly appointed vice president, will
make when lie assumes charge OF the de-
partments on September 15 Some are very
appreheDsive about their positions and fear
that Mfr. Finley will bring some Western
men with him and displace the present
Southern road ennlnyeS Z