The daily morning journal and courier., 1898-11-05
JOINT TRAFFIC Assoor4T1oN
Formally Dissolved by the Board oi
 romIrol

Formally Dissolved by the Board of Control, New York, Nov, 1.-The board of con- trol of the Joint Traffic association de- cided to-day to dissolve the organiza- { tion. This action was taken because of | the recent decision by the supreme court of the United States that the ef- forts of the association to control rail- road rates were illegal, Dr. Chauncey M. Depew announced that the associa- | tion had been formally dissolved by the passage of the following resolu- tion:
 Whereas, The Joint Traffic association was formed January 1, 1896, for the fol- lowing purposes, as set forth in this i agreement, namely: TO aid in fulfilling the purposes of the interstate commerce ' act; to cooperate with each other and adjacent transportation associations; to establish and maintain reasonable and just rates, fares, rules and regulations on state and interstate traffic; to pre- vent unjust discrimination, and to se- cure the reduction and concentration of agencies and the introduction of econo- mics in the freight and passenger ser vice; and
 1 Whereas, This association has, dur ing it's existence of nearly three years, endeavored by every lawful means to i Ia +n oII ctr fnt1 ! and to carry out the provisions of the interstate commerce law, and has kept the interstate commerce commission in formed of it's action on all questions and furnished the commission with all l its restrictions, the conclusions Of it's committees and the schedules rates and agreements of every kind adopted; but,
 { Whereas, It has been decided by the 1 supreme court of the United States that 1 the agreement under which the associ- ation was formed is in some of it's terms in conflict with the statute known as l the sherman antitrust law therefore, | be it
 Resolved, That this association be and 1t is hereby dissolved, and that said agreement be and it is cancelled and
 
 annulled.
 Resolved, That each system repre- scented in the association designate one person, who together shall constitute committee whose duty it shall be to set tie and adjust the accounts and obliga- tions incurred in connection with the association, and that all books, papers, documents and property of the assoeia- tion be delivered to said committee by the commissioner and managers, and that said committee proceed as eXpedi- tiously as may be to close up the af- fairs of the association.
 Pursuant to this resolution, 1r De- pew appointed the following commit tee:
 H. J. Hayden, New York Central and affiliated lines; D. S. Gray, Pennsylva- mia and affiliated lines; Gecrge F Ran dolph, Baltimore and Ohio and affiliated lines; George G. Cochran, Erie and af- filiated lines John Burton, Grand Trunk; H. c. Hicks, Delaware Lacka- wanna and Western and affiliated lines; M. Knight, Wabash; George Olds, Ca nadian Pacific system.
 An executive session of the presidents of the railroads of the Joint Traffic as soeiation was held this afternoon. AS far as could be learned no action was taken at the afternoon session. Dr. Depew, who presided at the meetings, hurried away after the meeting was over.
 T can't say word" Dr. Depew said, "the association is spirit---a corpse. He further said that beyond the disso- lution and discussion thereof nothing was done. ''The matter" he said, 'is left to the legislature r. H. Hoyt, secretary of the board of . control of the association, also said that no creative action had been taken; that no agreement, verbal or otherwise, had been made. In his opinion the dissolu- tion would be followed by speedy legis- lation that would allow the railroads to protect their interests.
 Senator Calvin s. Brice who repre- sents many railroad interests, was pres- ent at the conferences.