The sun., 1910-06-07

-. y CeRiral Nay New Resume NegOlla.
tlsns for Michigan Central I.sah.

~. :. CeRirai Nay New Nesume NegoIla.
iiOR, for Michigan CeRtral Lean.
IN reply to an inquiry President Brown
of IN" New York Central Lines said last
night that h. reSsrned the arrangement
made between the President aud the
executives u the Western linss as very
satisfactory Tor the Western roads and
equally ~ for ths Eastern lines. as II will
make IL possible for the Interstate Com
mcrce Commission II they desire 10 enter
~ onc- on the investigation of the reason.
abl-nszs ~ the proposed advance IN Cen
trIl trafiic and Trunk Line rates. As sug-
gesied by the railroads some time ago
With the underst inding that the date of
taxing effect ~ the sdvanc~ shall II ap-
proved he fixed by th" Commission
When asked in regard 20 the, probable
effect ~ this action on the ability ~ tho
railroads 10 sell sectritie, Mr. brown
stated that he believed d would result
in the reop~ning u negotiations Tor ~.
sale - the Michigan Central bonds in
Paris and that he would discontinue
negotiations Which had been begun LOOK
ing to securing a short time loan %
81. .uOO On for that road
While not desiring 10 commit himself
definitely Mr. Brown expressed the hope
and belief that the action which had been
taken IN Wash ne on and his Nait
20 Washington to-day Wogld f.snlt
M instructions being issued 70 re.ume
work on improvements which had tempo
Fariiy been suapended.
Presidsnt Frederick n Underwood nT the
Erie railroad said that IN his opinion the
agreement arrived a. IN Washington was |
by all odds the hest Way out u present /
difficulties
According to nv understan1ing. he |
said. Congress will pass the railroad law /,
NJ its present session and the law providr- Z
Tor supervision by the Interstate Com I
m"rC" Commission II rate increaSes |
The Interstate Commerce Commission /
knows alrSady. I h@leve. the railroad 4
situation IN this country and would W. T
open 20 conviction IN the matter of rates |
Ntry possibly the increases will 60 into I
eject within three or four months
Mr. Underwood said that even n the .
present injunction was vacated there .
was no security 8gainst similar IN iunC- I
tons beinE secured Immediately thern- I
after. and ~ m indefinitely Ne Thought .
that the agreement come % IN " ash inRt1n .
We. The l'esi Way out for all concerned
Mr. Underwood said that he had heen 1
questioned from We FshingtOn over the 4
thleph0ne a. - his sttitude IN the matter
and that he had freely said what We .
thought Hs supposed that other rail I
roads IN N" Eastern Trunk Line AssOcia-
iion hed been similarly approached and /
he thought the most % the opinions had
l'een secured ALREADY
This statement is made by = rsilrnad
president as to the fling u rates for many
ruGds by one man
Railroads are compelled hv law 10
establish joint routes snd rates 80 that
any change m tho rate structure cOnss-
luent upon the action ~ any one road
,pmpels the checking in ~ new rates and
divisions over al undisiurbed routes
md tho arrangement ~ new routes where
existing mes are effected. That having
been done, the new rates and routes must
De He'd with the Interstate Commerce
commission for thirty days hefore they
an become effective The fact that
hese rates were filed by one man repre-
,enting all tho roads il due 10 an effort
m the part ~ tho commission n simplify
"a procedure. The commission asked
he roads to appoint the same man az
heir respective agent and 10 give him
oOWer ~ attorney 10 fle the rates upon
blanks furnished him by the commis-
'ipns