Year: 1873

made higher rate than the railroad rate from
Chicago ut the present time


BY Senator Conkling-The rates would 90 up IN
accordance with the law VI supply and demand.
is Is entirely regulated by supply and demand. =.
profit. We are not regulated by our standard OF
averaging beyond ths II we made our profits


BY Senator Davis-ln case OF q large crop new
average rate OF freight would be made to meet the
demand SH In no year was there regular demand
lines would be able to supply. When the rolling
stock lies idle part OF the time there must be an
price for the whole year would not be an unfair
price. II there was steady demand throughout
the year then we could have lower rates. We are
governed, as | have said, by supply and demand
but we have TO take into consideration the fact
thst the producer has to get hir al pro ana na
which has reference also to the profit OF his Gus
toner.


that the law OF supply and demand can give u.s.
Take, Tor example. an Illustration that ! can
there is the largest rain manuiactory In the United
States. Now nothing can be got there, and moth
Ing can get from there, except by the Pennsylva-
MIA road. 1t has been the practice OF the company
to encourage the growth OF that factory. There
are perhaps, four or i've hundred instances OF
that kind on that road. There Is very large
amount OF business on that road that Is quite be-
yond competition.


roads charge more on short distances than on
longer ones. 1t rs done on new railroads, | be-
ieVe; but think 1t is very Injurious policy and
does very great harm to the road. That certainly
was the great cause OF complaint among the larm-
ers, and very justifiable one.


by Senator NOrwood-It Is very likely true that
in some parts OF Illinois that bushel OF grain
would cost its value in freight to send TO New
cases. I should think freight road only would be
entirely impracticable, because the people living
along the road would require passenger accommo-
datton.


A rwoFoLD EXAMINATION.


Mr.. q. A. Cassett, General Manager OF the Penn
Samuel G. Lewis. Comptroller OF the Pennsylvania
Railroad. were, at the suggestion OF the Chairman
were familiar with the special kinds Of Information
required and what one did NOT know could be
given by the other. Mr. Cassett said that what
was meant by the Pennsylvania Railroad was the
railroad from New York to Pittsburg The railroad
leases also the Delaware and Rarltan Canal and
roads. Tke s'I road has ~ also a connection With
the Anchor freight line. The compensation was
coud o9 s1 the aees and the railroads get @
regular freight rates The canal was purchased
when the railroad was opened in 1857. The Penn
money upon the canals There s length Of
about $50 miles of canal We do not charge more
to nearer point than we do TO distant point
l embrace in that answer the Pennsylvania road
and the Pennsylvania Company We could afford
ones, because We have more to carry. our rates
to-day from New York to PitIsburg are thirty
FIVE cents. That Is for first class freight
Coal tariff did not cnange very much. The cOnsot-
dation Of roads tended 10 reduce prices. Freight
trains could be run about lve minutes apart On
trains in shorter intervals than fifteen minutes
The terminal facilities would be sufficient for DIS
charging If the trains were switched of. think
we could run about eight miles an hour; that is
about as slow as we ought TO run, and would be
cheaper than running at five miles an hour.
The maximum speed Is ten miles an hour. Our
schedule running time between Chicago and New
York Is ninety hours. The average cost OF trans
portatiOn was eight mills per ton per mile. The
lifetime of locomotive is about ten years. The
cost Of the maintenance OF the way Is about
thirty per cent. Our consumption OF coal
for passenger trains is about forty pounds IN
does not include cost of transportation. Our COM
pany is constructing new freight line from Pitts
Sleeping Car Company furnish them. We obtain
our regular fares and the company get their re-
We save the interest on the cost Of cars thereby.


The inquiry was then adjourned until halfpast
ten A. M. to-day. when the State Committee on
Transportation will meet the Congressional Com
mittee and also delegation from the Produce Ex-
change.