Gould-Huntington_0011

[top right corner:] 6

The trouble in this case arises from [= with a strikethrough] confounded Gross
Earnings with Gross Receipts.

We seek to comply with the contract to divide the Gross Earnings
according to the terms of Sec 6 as modified but my adversaries
want to divide the Gross Receipts.

We contracted to divide with Mr Gould's roads the earnings of
our line from New Orleans to El Paso not the earnings of the
Trans-Continental Association.

Difference [underlined] between "Gross Earnings" [double underlined] and "Gross Receipts" [double underlined]

"If the N.Y Central" [underlined] or any of the trunk lines receives say
1000 pounds of freight to be transported to San Francisco on
which the charge is $20, if at once charges that amount to
the San Francisco office of the SP [Southern Pacific] and so advises by mail —
We receive the $20, but a wide difference between this
receipt and our earnings, but according to the contention
of the other side if we were pooling our Gross Earnings from
NY to SF [ New York to San Francisco ]. we must account for this $20.

The Louisville & Nashville Road at ___[blank]___ delivered
freight tons to be moved to El Paso and San Francisco we
collect the charges of the L&N [Louisville & Nashville]. as well as our own "as" [crossed out] but
the total receipts are not our earnings.

"Over weights" [underlined]
Rebates.
Are paid freight collected by mistake at the other termini