The herald., 1897-03-27
FIRST BREAK
Caused by the Antitrust
Decision
RATES FROM MILWAUKEE
MAY START A WHOLESALE
RATE WAR
Southwark Track-laying on the VAL
ley Road to Begin Monday.
Huntington Talks
ssociated Press snecial Wire.

Associated Press Special Wire.
MILWAUKEE,, Wis, March 26.-The
first of the expected breaks in through
freight rates as result of the peculiar
position in which all railroads find them
selves without the binding influences of
associations. has developed here. 1t was
currently reported today that one of the
all-rail lines had given certain Nil
waukee shippers an eighteen cent rate
all rail to New York on malt, which is
a cut of cents per hundred pounds, and
the same rate as the differential across
the lake. For some time the true rate
on malt, grain. etc., has been 20 cents
all rail and Is cents via lake and rail.
THE VALLEY ROAD.
SAN FRANCISCO, March 26.-Track
laying at the rate of a mile day Will
be commenced next Monday on the San
Joaquin Valley railway south of Fresno.
Twenty days will be required at this rate
to reach Kings river. There, it is estt-
mated, three weeks will be consumed in
the construction of a bridge. Track
laying will then be resumed and Han
ford will be reached two weeks later, or
about eight weeks from next Monday.
The Southern Pacific is credited with
the intention of Transforming its passen-
ger depot at Hanford into a freight de-
pot and of building modern brick pas
senger station.
COILS ON CORN.
SAN FRANCISCO, March 26-Coiiis
P. Huntington, president of the South
ern Pacific company, arrived here today
for the purpose of attending the annual
meeting of the stockholders of that cor
poration When asked as to the founda-
tion for rumors of his retirement, ne
said:
THAT is a matter that know nothing
about. I do not know what the morrow
will bring forth. and, moreover, it con-
Germs me less People who think worry
over what may happen tomorrow or the
next day are mistaken in their estimate
of men. The affairs of one day are
enough to occupy a mans attention.
Plant your corn today and when the
harvest comes gather it in. That's what
1 used to do when I planted corn. nave
been in business for sixty years and i
have always followed that prlnclple;,
Speaking of the Central Pacific Rail-
way company's indebtedness to the gov
eminent. Mr.. Huntington safd:
1.-The Central Pacific is not yet in de-
fault and will not be until the first of
next year II is too bad that the fund
ing bill. did not pass, for it was un-
doubtedly the best measure proposed Tor
the settlement of the obligation, consid-
cred from the standpoint of the govern
ment. Congress wouldn't have it, how
ever. and now the next best thing must
be done. The California delegation
wanted the government to take the road
and operate II for the benefit OF the
people. I will say right here that the
California delegation by its opposition
to the funding measure never won
vote"
Concerning the proposed transfer OF
the Southern Pacific company's line be-
tween Mojave and the Needles for the
Santa Fe companys line in Sonora,
President Huntington said:
"I have had some conversation with
President Ripley Of the Atchison road
regarding the matter but as yet have
not had an opportunity to talk over
the matter with Colonel Crocker ana
Mr.. Lathrop, Mr.. Stanford's representa-
tive. The exchange of the two proper
ties would be a good thing for the A.
Gibson road-better for the Atchison
road. probably. than for us-though
advantageous to both companies. III
can secure the approval of our people
to the proposition the deal will, in all
probability be consummated
MEET TO DISCUSS
CHICAGO March 26.-This afternoon
at the office of George r. Peck, general
counsel of the Chicago, Milwaukee and
ST. Paul. a meeting of the leading roads
was held for the purpose of discussing
the recent decision of the supreme court
and its probable effect on the aesocia-
tions under which the western roads
have been working.
B. F. Aver, general counsel of the IL
linois Central, was chosen chairman oil
the meeting. The conference lasted the
entire afternoon. No formal decision
was reached. The meeting was more for
the exchange of views than for any other
purpose. 1t was agreed, however, with
few dissenting voices, that the decision
would have the effect of doing away
with the Western Freight association
as it is at present organized.
Two more roads withdrew from the
Western Freight associa ton today, the
Rock Island and the Sioux City ana
Northern.