New-York tribune., 1912-12-24

The following is the memorandum tha'
contemplated the sale OF the Central YER
mont Railway and was declared sausfdc-
tory in its main provisions by -Messls'
MeIlon. Smithers and ChamberAn at ther
meeting on August >.
Grand Trunk TO: ,..-...u.
I. Sell all its interest IN Cenlrdt NeIlHVi''
Railroad ana it's subsidiaries. - ~
. Grant to Rutland and central 'tI
mont railroads right 10 JOINT VS.
tracks between Rouse'S Point ana MN, Mon,
real and between ST. Johns and Montreal;
g. Grant right TO New England Lines
Joint use Cf passenger terminals III Aoi.'
real and joint use Of irelght ttl lIiIllaId}'
preferably upon rental Nalut LOT ~,
property as is used in common WI"
maintenance and operating costs assesses;
upon Iroportionate use or on OASIS Oh ioi, l,
per ton of freight handled or sNltCH'HS
Charg per car .,,.,,,
basis of compensation. preferably upon
cash payment or u cash rental basis, Out
not to be upon any basis or division OF
rates. ii being the intention OF the New New
England Lines 10 put Montreal as d I0Cai
station upon it's system OF lines ana 10
compensate the Grand Trunk in q rentaI
to he paid rather than TO compensate II
through any division of revenue obtained
New England Lines to
/. Agree upon a satisfactory basis TOT
division of an Joint rates, such division
10 be based upon Montreal as the point OF
Interchange betWCen the two systems oil
roads
tory service as will give Grand Trunk for
ITS passenger and freight business IN
New England an opportunity 10 compete
for all business al all stations reacned ~
New England Lines. and with no handl-
cap or discrimination 10 overcome IN con-
HeCtion with such competition. II DelnS
the intention 10 place the Grand Trunk, IN
connection with joint business with the
New England Lines, upon the most Ia
vOred nation basis
Grand Trunk. II shall not lose any ton,
mage il does to and from points r"ached
by the New England Lines. and TO guar
antee to the Grand Trunk MINIMUM iiii,a
lent in amount TO that handled by the
Grand Trunk I'm any one of the last hEe
wears, which amount shall he inserted IN
figures in the agreement
4 Agree that the existing dinerentai
rate basis prevailing on business by the
Grand Trunk into and out Of New Eng
land shall not be changed without the
consent of the Grand Trunk.
3 Agree that the New England Lines
rates by other lines shall be such as 10
preserve the Grand Trunks existing STU
alton IN New England, and that the rates
by the Grand Trunk shall always be suGh
that at all times il may as satisfactorily
reached BY the New England Lines as at
the present time.
6. Agree that If for any reason, after
proper trial. the New England Lines shall
fail 10 carry out in good faith all that II
Is Intended by the agreement To accom-
plish, that Grand Trunk. after having
given reasonable notice TO the New Eng
land Lines. shall thereupon hav" the rlght
to operate with its own trains ana 90 its
own business. naming its own tariffs upon
tine lines controlled by the New England
Lines, so as TO give the Grand Trunk q
line of It's own between Monrtal hIu
Boston. Providence, Worcester, Holyoke
and Springfield and all intermediate points
upon the lines selected by the Grand
Trunk over which to operate It's own
trains upon the payment OF proper
rental for such use, intending by this that
the GraTd Trunk shall have loint ana
enual use with the New England Lines
upon such lines as may be selected. IN
Guiding ne right to DO local business, in
tending to put the Grand Trunk IN an
equivalent position 10 that when II Woulu
be in if il had built otneI hnes 81 1Is ro,iai oMi
between the same points, upon pafalIeI
rights OF way. with the further advantage
of a Joint and equal use OF all the ter
minals Of the New England Lines at all
common points.
Grand Trunk In the establishment OF sat
isfactory transatlantic steamship service
between Boston and English and Conti-
mental ports in Europe.
Tho second memorandum, which aban-
doned the plan to sell the Central Yer
mont, appears to have been accepted by
the grand jury as showing the terms or
the agreement az II was finally reached
and brought about a cessation Of the con-
struction work on the Southern New Eng
land railway. il vas as follows
Grand Trunk:
TO retain Central Vermont and existing
controlled lines, and continue its eNisuns
business az at present.
To lease TO Boston e. Maine a joint and
equal use OF It's line between Windsor ana
White River Junction
To agree upon divisions upon JOINT ousi,
ness. based or Interchange points az