Excerpt from The Great Railway Conflict

Notwithstanding the largely-diminished charge for passengers, the results show an increase of revenue upon the main stem, from this source, of 45 per cent.

The earnings of the Chicago Division are also shown to be $100, 624.81, being an increase of more than 50 per cent, upon the revenue of the preceding month.

The developments of this controversy have proven to be of the highest importance not only to railway companies generally, but to the leading interests of the country, and the gravity of the subject makes proper a further sketch of its origin and history.

It is well known that the refusal of the Baltimore and Ohio Company to enter into the Saratoga agreement on the occasion of the visit of Presidents Vanderbilt, Jewett and Scott to Baltimore, in November last, was very unsatisfactory to those gentlemen and the companies which they represented.

In reply to the arguments used on that occasion to induce this Company to become a member of that combination, your President stated that, in declining to join their combination, he believed he was serving not only the best interests of this Company, but the permanent interests of the New York Central, the New York and Erie, and Pennsylvania Companies.

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