The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-02-25
R Air DADS MAY
TAX { AN APPEAL
Already Considering Plan to
Garry Case to New Com
nerce Court.
VIEWS ARE PESSIMIsTlC
PEssIMlsTlC
May Make Another Application
Tor Advance on New Record 4.
OF Testimony.

New York, February e4-The ship
pers' victory over Eastern and Western
railroads in yesterdays decision Of the
Interstate Commerce Commission, en-
Joining increased freight rates, was
world swung to-day. both here and
abroad, and was responsible for a
period of decentralization on the Stock
Exchange.
Railroad heads continued to express
pessimistic views of the situation, and
both here and in Chicago railroad off,
GERS. together with their bankers ana
counsel. discussed the situation and
decided to hold a conference on Mon
day next. at these meetings, it is UNI
derstood, plans will be made looking
to an appeal to the new Commerce
Court.
Various expressions of opinion on the
decision were uttered by hcads OF rail-
roads, most of whom sought to place
most unfavorable. discouraging in
depreciation on the outcome This
sentiment was not altogether shared.
3outwardly at least, by financial inter
ests. which seemed to take the result
with great equanimity. II is possible
that some Of the smaller railroads may
deem 1t necessary. to en,er upon pro-
gram Of. retrcnchnent and economies.
but this 1t is believed. will not apply
TO the more important lines.
There is authority for the statement
THAI the proposed extensions and new
constructions on the Hartman lines, as
recently announced. will not be aban-
doned.
I It is pointed out that the commission
has not as yet Issued any order upon
which an appeal can be taken, and it
is understood that the fight Will he
nfa 1t-it y, ~
the Mann Elkins law which gives the
commission power to suspend rates
Watching the Results.
Washington, D. c.. February 81
officials OF the Interstate Commerce
Commission observed with keenest in
terest to-day the results Of and com
ments upon the decision of tho com
mission in the railroad rate cases.
Some doubt was expressed o-day by
those in and about the commission who
have leen most familiar with these cell
ebrated cases as 10 the railroads taking
any further action in the matter. such
as appealing from the commissions de-
cision to the newly inaugurated Court
OF Commerce. The fact that the de-
cision was unanimous in all the ca SEES
was believed to Justify the opinion that
the railroads would prefer perhaps. to
make new application to the COM
mission on new record OF testimony.
There was n disposition at the Offices
OF the commission to-day to comment
upon the auctla tons in the stock mar
kets as indicating misrepresentation
Of the scope and effect Of the commits
sion's decision. Special stress was laid
upon the fact that no reductions what
ever In rates We're ordered by the com
mission; that the rates remain in the
so-callad official classification territory
as they have been for more than TWEEN
ty years. It was pointed out also that
the railway stocks affected most scri-
ously by the announcement Of the de-
cisions were those OF lines that In no
respect could he affected practically by
the decisions. None of the far Western
roads like the Southern Pacific, the
Union Pacific. the Northern Pacific and
the Great Northern. was Interested In
other than 4 sentimental or sympa-
thetic way in the rate cases. Their
rates were not touched by the decisions
One Of the commissioners. who would
not be quoted by name. said:
None OF the lines west of the Mis-
souri River could be affected materially
by our action In either the Eastern or
Western case. Their rates and the rates
OF all roads arc Just tho same to-day
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