OCR Text |
Show flow It Is Bone. San Fbancisco, April 6. The Chronicle tomorrow to-morrow will publish an article showing the methods adopted by the overland railroads in the disposition of the so-called Pacific Mail subsidy fond. The article in substance charges that although under the last ' Agreement Agree-ment of the overland roads to pay the Pacific Paci-fic Mail $85,000 monthly- to cease competition, competi-tion, the railroads shipped an average of $50,000 monthly by the . Pacific Mail steamers, leaving a balance of only $35,000 a month to be paid. The Chronicle says that even this amount the overland roads managed to avoid paying. They collected as charged through the medium f an advance ad-vance rate system from all Eastern Trunk and Iowa lines, ar certain proportion to be applied to what was termed a steamship fund, and out of which the balances due the Pacific Mail were paid. The Chronicle will publish figures to show that in the division of the excess which remained in this fund after paying the Pacific Mail's balance the Eastern Trunk and Iowa lines were completely com-pletely ignored, notwithstanding the fact that the iatter roads had contributed 25 per cent to the fund. |