The times. [volume] (Richmond, Va.) 1890-1903, 1901-01-20
STATEMENT MADE
BY Mr.. FINLEY
vice-President of the Southern Talks
of Situation.
CAROLINA COTTON INDUSTRY.
Shippers and Railroads Are Unable to
Agree or Rates and l;eferred to
Arbitrators-Much Intcr-
est Manifested.
Vice-President of the Southern Talks
CAROLINA COTTON INDUSTRY,
Especial Dispatch to The Times,


WASHINGTON. January 19--vice-Pres-
fdent Finley, of the Southern Railway
Company. makes the following statement
in connection with the lArbrttrators' de-
eision in relation to rates on cotton 10
mills in North and S--sh CsLrot!E1:
The extraordinary development OF the
cotton mill Industry in North and South
Uuro!ina during the past several years has
led tue cotton manufacturers OF tnoss
States to seek III <N!abama, Mississippi
and Georgia u portion of their supply Of
cotton.
The consumers in the CaroIinas ha~s
commended that they could not buy 1T
neiggborin1 States because the rates to
the Carolina mills were unfairly adjusted
with relation to the rates 10 New Eng
land and foreign countries, and effective
September LIST last, the Southern Kali
way and Atlantic Coast Line published d
line OF reduced rates from points IN Geor-
;a .Nabana. Mississippi and Tennes-
see. which were intended to bring about
a proper relation as between rates to car
o!ina milling; points and rates to Eastern
mills and for export.
This action of the Southern Railway
and Atlantic Coast Line met with much
opposition OF the part of the other trans
portation lines interested in tHe cotton
traffic from Mississippi Alabaua and Ten
e.
lines of reduced rates to Gulf ports and to
the East from competitive points to coun-
ter7tct reductions made by the Southern
Railway and atlantic Coast Line 10 the
Carolina mills.
FOR ARBITRATION.
The question was finally submitted to
arbitration and the arbitrator. MessrS.
: r. Knott formerly vice-president OF
the Louisville, and Nashville Railroad and
Plant System, hut now president or the
Kansas City Southern, and ME- T. T.
Bust president OF the Mobile ana BIZ
ningham Railroad Company, and also
presidenI of the Alabama Colsoldated
Coal and Iron Conspan.r. Gave now an
nounced their decision on this importane
case.
While the rates established by the
Southern Railway AMI Atlantic Coast Line
to Carolina mills have not as q Whoie
been approved by the arbitrators, it would
seem that the decision generally sustaiu5
lhe position of these companies, !. g. tirtI
the conditions surrounding the cotton Hliit
Industry of the Carolinas called Tor d
better adjustment of rates than ttistt exist
ing prior TO the reductions mauSuratso
September 1st, 1860
For Illustration: To such manufactur-
ing points in the Carolinas as Charlotte,
\ C.. t:reeuville Greenwood, Columbia.
SnartansblrrE. Pacolet. Pelzer, Piedmont.
s C.. etc. the urbitrators decision re-
suits in d reduction as compared Wflll
| rates in effect prior to September Isl.
1909 of eight cents per hundred pounhS
from such points as Chattanooga. SIT
r.inef1am Anniston and Selma; of eleven
cents per hundred pounds from West Point
and Columbus Miss. nine cents per tftsh-
dred pounds from Winona and Green
| wood Miss; fifteen cents per huhutete
hounds from CsreenviIie. Miss: i've cents
| from Meridian Miss; fourteen cents from
| NTarn7slis. Tenn six cents from Gadsdel
| and Alfalfa. Ala: five cents from For
| ence. Sheffield. rUscumbia, Decatur ana
| Huntsville. Ala: fourteen cents from cor
! inrh. Miss: and twenty-five cents from
| Grand junction. Tenn,
| TILE. RATES FINED.
! The rates ixed By the arottrators m
| votve. in some cases. advances from the
! rates issued BY the southern Railway amt
| Atlantic. Coast Line. In some OF these
I czses the advances are slight. IL 2ti'er
| cases totally Meridian. Miss, Florence.
| sheffield Tuscumpia. Decatur ard Hunts
| Vile. Ma. the rates issued by the South
| eru Railway and Atlantic Coast Line are
| confirmed.
| To the manufacturing points IN Nortn
| Carolina, east of Charlotte, the itH'- TIT,
| tors. have confirmed q diffefentlaL rate OF
| five cents per hundred pounds higher ih4h
| the rates to points in what IS clliett ufe
| south Carolina Group mentioned aooSs-
| Owing 10 the Eyt-,e interests involved.
| mis- question has attracted considerable
| attention and it will doubtless De grati-
! fvfna, 10 the Southern cotton manufaetur-
| ars Ia know that the result Of TIE arpl-
| ration has been To give them a muSh
;,+rer- enlistment of rates than they nave
| in the. past