The herald., 1898-03-10
COMPETITION WANTED
BY PEOPLE DOING BUSINESS AT
SPOKANE
cHAUNcEY MAKES COMMENT
On the Decision in the Nebraska Rate
Case-Atlantic and Pacific
Lands Sold
s.ociated Press Special Wire

ASSOCi6tC0 E0oD SkSSao> svssO
SPOKANE, Wash, March S.-The
Spokane Chamber of Commerce unani-
mously adopted resolutions In favor OF
the continuance Of the bonding privilege
to Canadian railroads and requesting the
Washington Congressional delegation to
oppose the bill now pending for the re-
scinding of such privilege.
In discussing the matter the opinion
was generally expressed that the inter-
ests of Washington require Canadian
Pacific competition.
REAL GOOD REASONS
SAN FRANCISCO. March 9.AIn ex-
planning the inability of the Southern
Pacific to meet the cut in overland rates
made by the Canadian Pacific, General
Passenger Agent Goodman says that out
of the fare obtained the Missouri River
lines must pay 81 to the Northern Pa
cific in order to reach Portland. That
would leave only SIS on second-class
traffic between New York and Puget
Sound, out of which $14 must be taken
on the territory west of the Missouri
River. At that rate the Southern Pacific
would receive less than 81 and would have
| to pay Sc for steamship fare to Washing
| ton.
CHAUNCEY COMMENTS
NEW YORK, March 9.-Discussing the
decision of the United States Supreme
Court in the Nebraska maximum freight
rate case, Chauncey M. Depew, presi-
dent of the New York Central Railroad,
said:
1.-The contention Of the man who framed
the Nebraska law and people in other
Western States who agree, has been for
years that the Legislatures have the
right to confiscate railroad property
Iwithin the States by fixing rates so low
as to leave no return to stock and bond
holders. Some Of them have gone SO
far as to say that when people with
| money build a railway and after they
have enjoyed interest on their invest
ment for few years, they are SUFFICIENT
| ly rewarded and the State should take
the road and confiscate the capital
"Of course II the people who have
money to build railroads believe that this
doctrine would prevail, no more rail-
ways would be built. II the doctrine had
been sustained by the Supreme Court
there would have been panic In rail-
road securities. Every investor would
have understood that he held his stock
subject to its being made worthless by
an act Of some Legislature"
SIGNS OF SETTLEMENT
CHICAGO, March 9.-There Is possi-
bility that the trouble over transconti-
mental rates between the Canadian Pacific
| and the roads of the United States may be
settled next week. Chairman Caldwell of
the western Passenger association re-
coiyed joint telegram signed by Chairman
| Donald Of the General Passenger associa-
tion ana Commissioner Farmer of the
Trunk Line association asking II the west
ern roads would agree to meet the lines of
the Central association and Of the Trunk
| Line association In New York next Tues
day. It Is understood that the Canadian
| Pnclhc will also be represented at the
|. meeting. Chairman Caldwell replied Tor
| the western roads 70 the effect that they
1 would be represented. ~ 81 h.
/ 43gothinG further than this y known W.
|Ithe western roads, but they nv that M