The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1898-09-09
FEELING OF EASINESS
Follows the Announcement OF the
Canadian PaciAc's Step.


Canadian Pacilc's Step.
The promise of the Canadian Pacific to re-
store passenger rates, and In other respects
conduct its business in conformity with the
recommendations of the interstate commerce
commission, has created a feeling of much
easiness among the American lines, and 1t
is believed that in a few weeks the railway
situation ali over the country will be i'm
proved. Among the officials of the American
transcontinental lines there Is a feeling OF
relief that the great war Is ended, and they
look forward now to increased dividends and
more prosperous era all around.
So far as transcontinental roads are con-
cerned," said General Traffic Manager Han
naford, of the Northern Pacific, to a re-
porter for The G o e yesterday, tine &C
ton of the Canadian Pacific means the death
blow to differentias. The road never was
entitled to a dfferential. The interstate
commission so decided and now the road
acGuiesces in that decision. In my opinion no
road is entitled to a differentlal. If road
cannot compete on Its merits for certain
class of business it ought not to bid for that
business. Let each road carry the business
OF ia own territory and keep out of ter
ritory where 1t canont compete with other
any line of business except railroading, and
its only effect is TO demoraliZe railroad bust
ness. The Eastern lines have no right TO a
differental either. No road has, and the
sooner il is abolished the better for the coun-
try.
1T is impossible to say how much money
~ been lost by the war, but the amount
ans up into the millions. American capital
invested in railroads has been very badly
used during the past eight months.
The Canadian Pacific recognized the fact
that If 1t did not observe the mandate of the
interstate commerce commission the Ameri-
can congress would take drastic measures
to bring it to terms. There are some state
legislatures that would encourage the Cana
dian Pacific tactics, on account of the bene-
FITS derived by the travelling public from a
rate war, but the company knew that con-
gress would protect the moneyed nteTe is
involved and that legislation of that X, d
would be against it. The Canadian Pac .fic
officials are smart men, and they know
enough to back down.
81 am very CAD that the war is so som
to terminate, and I hope that nothing of the
kind will again disturb the business of the
country that has done"
President Mellen telepraghed to Mr.. Han
naford yesterday that he had received official
notification in New York of the intention of
the Canadian Pacific to restore rates on Sept
rs. A similar notification was sent by Vice
President Shaughnessy TO President Hill, of
the Great Northern.
ern Pacific. said he was very much graft
fed by the Canadian Pacific's action. lie
was certain 1t was meant In good faith and
that the company would observe its agree
ment.
THE differential has had its day." said
Mr. Fee, and that is more inn oltant than
the mere restoration of rates. With that out
OF the way the rest will be easy. There is
not one person who can tell how much money
this rate war has cost and he Is God AL
mighty. No one on earth knows"
Gen. Bend of the Chicago Great Western,
was much elated by the Canad an Pacific's
surrender.
THE Canadian Pacific feared that if 1t
defed the United States commerce commits
sion," said he, that congress would deprive
1t of the bonding privilege, which Is worth
more to it than its passenger traffic. The
calling off the bonding privilege of the
Michigan Central, where it passes through
Canadian territory, but that is the only road
that would be injured by re;alatory leglsla-
ton