New-York daily tribune. [volume] (New-York [N.Y.]) 1842-1866, 1860-06-11

Much more feeling than there was any necessity for
created in the street by the paragraph in Satur
days TRIBUNE in regard to the affairs Of the Erie
Railroad. denial of the truth Of was volunteered
in the Board Of Brokers and in the Supreme Court
and the evening papers equally positive Oh the
authority Of the very party who is carrying on the
foreclosure suit that everything was going harmo-
nously. What there was in our paragraph which was
does not appear, the denial being sweeping yet
it simply consisted OF statement OF existing facts aud
our differences drawn therefrom The differences may
lie erroneous yet they seleyident, but the facts
are facts. We presume no one will deny that the
second mortgage is in Of foreclosure or that
referee has been appointed preliminary to order Of
sale; if sOld the road must be Id subject to the
frat mortgage, and the purchasers must pay off the
second mortgage. We presume that SEN
sible supposes that the second mortgage
bondholders have undertaken the expensive job
Of foreclosing that mortgage, and obtaining
decree Of eae for the purpose Of quietly
psckeng that decree, and taking no action under it.
Such superstition il absurd II the bonihoders viii
no; accept the offer Of extension and do carry ON
suit Of foreclosure, it nothing more nor less
than sale Of the road, Mr.. Butler 10 the contrary
notwithstanding. This is simply the natural deduc-
ton from the premises, and the entire animus Of
paragraph was TO urge upon the Directors to take
come action 10 the arranging of this ID Mortgage, aud
upon the other parties in interest to take such action if
The Directors failed 10 do 20. We did not assume tina,
the road would be cold out next week or next month
but we did take ground that the sale was impending
ard that the paties whose properly was i'll jeopardy
should begin TO look after it. In conclusion we have
only to reierate that the paragraph alluded TO was
absolutely true in its statement Of facts and TO this
we have since the testimony Of Mr.. Receiver Marsh
The deductions Of course nfeentia and their truth
can only be established by the results in the future
The decree Of ssle under the Fifth Mortgage obtained
tc-cay by which the plan Of reorganization under the
act OF the last Legislature is to be carried out does not
change the aspect Of the case at all, as the SALE of
couse, il made subject to all tho prior liabilities
AT the annual election Of the Chicago and Rock
Island Company held yesterday, the old Board were
reelected
The Stockholders Of tie Gaena and Chicago Rail-
road held their annual meeting at Chicago on Wednss-
day. The following ticket elected without oppos
ten: w. l.. Newsberry, w. ii. Brown, John Went
worth, o. Lunt, i. Mosely, j. McCofd Jonathan
Burr, i. X. Rogers, Chicago; VIM. Larned. New
York Cityi ID. A. kncwlton Westfeld, New York.
W. H. Ferry, Utica New York; Thomas ID. Robinson
Rockford, Illinois, Charles 3. Hampstead, Gsena
Illinois. ~' @'
We annex the following extrac.s from n card M
'ie'sed ty MT ID. H. Allen to tho editor of tn, Ere..
ng Pot. '1''"'
or'IcE oF rHg Arr.sric AND PiorIo s.s.co.,
10 ne Editor Of The Erenire Pa INV y '"'''
"' ""en''on Las been called TO an article in your I