The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-07-11
Santa Fe Directors in New York
Say That Rate War Will
Be Averted.
WILL NOT ENFORCE NEW RATES.
Great Western May Not Come Into
Community of Interests" Plan
-FOrecl0sure-LOw Rates
General Notes.

REPUBLIC SPECIAL.
New York. July 1o.-A meeting Of the DE-
rectors Of the Atchison, Topeka and Santa
Fe Railroad was held in this city to-day, at
which the freight rate troubles in the West
were discussed. No formal action was
taken in the matter. but the general senti-
ment was that there would be no serious
trouble.
President E. P. Ripley has discretion to
either enforce or withdraw the recent At
Gibson order. announcing an open cut In the
freight rates OF from - to 60 per cent. to
take effect July Is. 1t is not believed that
this order will be enforced. One Of the
Atchtson directors said after the adjourn
ment OF the meeting to-day:
According to our information this whole
matter will be disposed of on Friday In
Chicago. We never regarded the situation
as serious. and do not now. We under
stand that rates have been restored and
that the Incident Is practically at an end.
Oor information comes from Chicago,
where the matter Is being handled. We
did not formally consider this matter ct
our meeting to-day"
Wall street received adyices from Chi
cago this forenoon that the Atchison's or
DER for an open cut in rates On July 10 had
been practically withdrawn. 1t is regarded
as certain that all Of the railroads inter-
ested in traffic to and from Missouri River
points viii agree upon some basis Of rate
maintenance.
Commenting on rumors that the Chicago
Great Western will either be purchased out
right by the Gould-Harriman syndicate or
Drought into q community of interest,"
combination. President A. B. Stickney of
that road says:
There Is no possibility Of the Chicago
Great western being forced into any con-
soldation or combination. The securities
OF tnls company are owned abroad and
holders are determined to maintain the In
dependence OF the road"
MEETING TO-DAY IN CHICAGO.
REPUBLIC SPECIAL
Chicago, Ill. July l0.-Another meeting of
tne western presidents has been called for
tomorrow. when 1t Is expected the rate
SITUATION siI WIN be cleared up to the satisfac-
IN the Western Trunk Line Committee will
De represented in the meeting, either by
tne president or the executive official who
Is at the head of traffic affairs. and who
Will attend with full authority from The
president to act.
Those who have been insisting that war
would follow as result Of the Santa Fe. 8
ac.lon nave been reckoning without the
influence which the Community OF owner
ship Yields in the railroad world of to-
Gay. There is not now, and never has been
the sllghtest danger of a rate war among
western lines. Although the Santa Fe 4
rates were promulgated in perfect good
faith, they were launched for a PURPOSE
70 call the attention Of the presidents and
financial interests to the situation as Il
really existed. The effect was electrical Not
only did the presidents Immediately issue
their hats, but the financial heads took q
hand In the game. with the result that nj
possibility of a ruinous rate war was de.
Stroyed at once.