The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1897-07-11
ENDEAVOR RATES HOME
BIDDING FOR EAST-BOUND BUSINESS
MAY CAUSE TROUBLE.
Western Freight Traffic Association
the Name OF the New Combine
OF Railroad Men.

CHICAGO, July 10.-There is bound to be
some trouble over the east-bOund business
from the Christian Endeavor business.
When the rates and. arrangements were
made for the convention, the Northern
transcontinental roads made effort TO
secure any of the weSt-bound business and
the reduced rates to the Pacific coast We're
not made available via St. Paul and Min
neapolis 1t was clearly understood, how
ever, that the Northern roads were out for
all of the eaSt-bound business that it would
be possible for them to secure and to re-
ward them for letting the west-bound bust
ness alone, the other transcontinental roads
agreed that no stop-overs should be al
lowed on east-bound traffic coming via
Colorado and Utah. 1t was announced this
morning, hC weVer, that the Colorado Mid
land, the Rio Grande Western and the Den
yer & Kio Grande had sold a large num-
Der OF tickets which allow stop-oVers at
nearly all OF the interesting places In Col
orado and Utah. The effect OF this Will De
10 avert travel from the Northern roads
and it is half expected that they Will meet
the violation OF the agreement by re-
ductiOn in the east-bound rates from the
convention. Chairman Caldwell, of the
Western Passenger Association, has called
a meeting for Monday to consider the
matter.
The net earnings of the Illinois Central
for the month of May were $526,230, an in
crease of $175,779 over the same month of
last year From July l, 1885, the net earn
ings of the road have been Sc, 155, 179, a de-
crease of $50S, 1U3 from the same period OF
the preceding fiscal year. No action has as
yet been taken by the 500 line on account
of the reduced rates which it was going TO
make account of the rates II asserted
some of the Western roads had been max
ing for the meeting of the National Educa-
tional Association in Milwaukee this week
All of the Western roads stoutly declared
that they had not made any such rates as
he 1t
able that the 500 has found this to be a
fact as it has not carried out its threat to
reduce it's rates to the Atlantic seaboard
as it announced that it would do.
The draft of the agreement prepared dur
ing the last week by the vice presidents and
general managers of Western railroads for
the government of freight business is now
in the hands of the presidents of the in
terested roads. They Will probably take
action upon it during the coming week. 1t
is proposed to call the new organization
the Western Freight Traffic Association,
and it's object will be to promote uniformity
in classification, disseminate correct infor-
nation respecting tariffs, secure reason
ableness in rates, provide for the econom-
zeal publication and distribution of tariffs
and for the keeping of statistics The pow
ers of the association are TO be exercised
by two boards, one composed of executives,
the other of commissioners. Inc presi-
dents are to compose the executive Doard,
which shall have no power to bind members
to any regulation in restraint or trade put
which shall fix the salaries and expenses
of commissioners is to consist of five mem
befs who shall devote all of their time to
the association and shall meet daily.
The ID. and o. Receivers Win.
BALTIMORE, July 10.-The receivers of
the Baltimore g. Ohio to-day won their
case before Judge Golf of the United
States Circuit Court. They applied for per-
mission to buy forty thousand tons of So
pound steel rail at ST ton and to issue
certificates for $3.50 900 to pay for them. j;
2. Morgan a. Co. opposed the issuance OF
more certificates and presented the report
of S. NJ FELTON,, president Of the Queen q
Crescent route, who stated that only "a, 900
tons were needed. In his decision Judge
Golf said the opposition was strange TO
him. as the same parties had agreed TO
other improvements. With reference TO the
purchase of modern cars and heavy loco
motives the judge said that it would have
been an act of folly on the part of the court
and an objectionable error for the receiV-
ers to have bought equipment that was out
of date. He believed it essential to the
earning power, by virtue of which only it
can recover that the receivers petition
should be granted. Judge Morris, who
heard the case jointly with Judge Golf, dis
sentod and also delivered his opinion, but
the opinion of the circuit judge takes pre-
cedence. The opinion of Judge Morris was
practically pro forma.