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The Silver State
Unionville, Winnemucca, Humboldt County, Nevada
What is this article about?
Conflicting reports emerge on the transcontinental railroad rate war: Boston announces restoration of rates due to agreement between Atchison and Southern Pacific, but Southern Pacific's Vice President Huntington in New York denies any settlement, rejecting Atchison, Topeka and Santa Fe's pooling proposal. Agent McBride continues selling discounted tickets to Missouri River points for $5 net.
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Conflicting Reports Relative to the Situation.
It has been announced in Boston that rates on the transcontinental roads will be restored at once, as an agreement to suspend hostilities had been entered into by the Atchison and Southern Pacific companies, but it was officially announced in New York by Vice President Huntington, of the Southern Pacific company, that the war is not over, and that there is no immediate prospect of a settlement. He says that he can not entertain the proposition of the Atchison, Topeka and Santa Fe, for two pools, and that this decision ends all pending negotiations for a settlement of the rate war. Agent McBride here says he has received no official information of an advance in rates, and he continues to sell first-class tickets to Missouri River points for $30, giving the purchaser a rebate order for $25, making the net cost of transportation to Omaha or Kansas City $5.
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no settlement reached; rate war continues with discounted tickets to omaha or kansas city at net $5.
Event Details
Conflicting announcements: Boston reports agreement between Atchison and Southern Pacific to suspend hostilities and restore rates; New York announcement by Southern Pacific's Vice President Huntington states war not over, rejects Atchison, Topeka and Santa Fe's two-pool proposition, ending negotiations. Agent McBride sells first-class tickets to Missouri River points for $30 with $25 rebate, netting $5 to Omaha or Kansas City.