Salt Lake Tribune | 1908-07-17 | Page 8 | Railroads Plan to Raise Freight Rates

RAILROADS PLAN 10 RAISE FREIGHT RATES Conference of Magnates Held in New York; No Delinile Decision Reached. NEW YORK, July 1C. A eonferenco of railroad presidents extended through lone morning and afternoon sessions today at the offices of the Trunk Line association here on the subjoct of the proposed rals-Inp rals-Inp of freight ratos. At tho closo of tho conference a statement state-ment was Given out by Mr. McCain, tho socrctaiy of tho association, as follows: "Tho question of an advance In rrcight rates was discussed at length and reports from the committed having In charge tho chocking' of ratos were considered, but If wan found that this work had not progressed pro-gressed to such u point as to make dcll-nlto dcll-nlto action practicable nt this time. Asked whether this Indicated a decision not to raise rates. Mr. McCain was noncommittal, non-committal, nor would he confirm or deny tho report of any controversy In tho conforonco over tho proposed Increase, rso date was cot J'or another mooting. President Presi-dent Delano of iho Wnlmsh tonight confirmed con-firmed Mr. McCain's statement that no definite action was taken at the meeting. meet-ing. Tho principal obstacles that stnnc In tho wav of a general and a horizontal Increase. In is said, aro State laws ana local conditions. Asked if there- was nn possibility of the trunk lines nbandonliib their Intention of making raihQRU increases, increas-es, Mr, Delano replied; "No; lnercasos will be made on mn.n classes of commodities, and that bcroro very long."