The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-06-04
IT WOULD MEAN A TRUST.
Argument of Chandler Against the
Proposed Pooling Bill.
ITS CAPITAL ELEVEN BILLIONS.
'h'i'"n ana smith Also Want Com
sfderntton Postpoucd--Dr. Grant
Had bonnet Appointed.

Washington, juno S.--The final consider
alton of the railroad pooling bin was again
postponed by the senate committee on in
tefstate commerce today. Senator Chan
der moved postponement until the first
of December. but the motion was not voted
upon and compromise was agreed upon,
posiponing the measure until the next
weekly meeting.
In presenting bis motion Senator Chan
dler read a written statement, signed by
himself and Senator Tllman, giving rea-
CONS for seeking TO have consideration OF
the bill delayed. Among the REASONS urged
N This document was the general UNDER
standing that the tariff only was 20 re-
oeive attention at the present session; also
the necessity for investigation by the COM
mission, aud for careful scrutiny OF tho
recent supreme court decisions hoai ing
upon interstate commerce questions which
would now be impossible. They suggested
the Importance of an investigation OF the
Issuance of free passes by the railroad
companies to accomplish their purposes as
a violation OF the existing law and OF the
probable effect OF pooling contracts upon
the wages OF labor,
II" they said, the owners Of the COM
bincd railroads organized as one great trust
are to be allowed to obtain from the pub
lie annually their cost OF operation. being
sl,i00 600 600 and in addition $3.50 ,000 600
Interest and dividends. without encounter
ing any competition whatever. 1t would
be claimed the owners of other property
amounting To $50 ,u00 900 0o0 should also be
allowed to form trusts and Do business
without competition"
Another suggestion wns as follows; "As
q, for nil
railroads oil the country to enter into an
immense trust with n capital Of Nl 00O-
GOO 900 careful investigation ehould be
made into the workings of the already
existing joint traffic association. That
combination includes the nine different and
competing systems Of railroads extending
frum Chicago to the seahoard. embracing
thirty one OF the greatest railroads IN oper-
alton and 1t has been in operation for one
and half years in violation OF the Law.
Tho NEST exhaustive inquiry In this dircc-
ton should be made by the committee, with
power to send for persons and papers and
there should be the most thorough eHnmina-
tions and exposure Of the methods and re-
suits Of the existing illegal trust before
making II legal extending IL to cover al
the railroads Of the country and committing
to its operations the vast Interests OF the
whole people 10 he affected by this trnnsac
ton, Each Of the thirty-on railroads OF
he association paid into the hands Of the
nine managers. one representing each svs-
tcm' the sum OF $4,000. making fund TO
begin With of $l65000 aud has been bound
to make monthly payments. based upon
gross earnings, as abe managers may call
for them, as we'll as large sums AMI fines
II 1t lowers the transportation rates, II
should he ascertained for what purpose this
great fund is maintained and whether or
not it Is DIES gued or used or likely to be
used. for improper purposes.
To this was added Il note of concurrence
from Senator Chiffon thai the time for
taking up this subject was inopporlune and
Senator Smith expressed "A similar view.