The New York herald., 1868-11-18
snSRELiE cQuRT-ci,AMa,ss.c.

Another Erie Railway Eow--i ssissng', In
tie ExccaTivo Committee and Eoard of
Directors--ioyy rnsess Opera Rouse Was
Observation-Disclosures.
Before Judge Sutherland.
A,lCits, Belmont ana ET,eS. z. Lucre, I'frfn,trs,
cs. The Erie Rrit,rav ComDaay JGp Could, James
IlsI Jr., fseGerics A. Lane Alesa,aGer S. Dscen j.
G. Bancroft DGrts, Vlioa n. T,ceei, Peter p.
S,ceeny, Dgniel S. .uRer, yl Homer RGmsGe, John
HR.on george =. Groces, John GIasoa, C'ia,7ss O.
Sissoa, o. W. C7aqDBacr, Henry Tao3,psoa George
". Dlfes alsG HOr0tio W ots.-TIe great Erie Rail-
way war OF last winter, which was the most gigantic
as well a. tue most energclcaiy contested litigation
brought before tho American courts, has
10 use g familiar expression, 'DroScl out Ia O
new spoSr formal settlement os the old actions
was 1t is true, entered Into and ihs pubic deemed
tie contest at an end: but the suit now commercial
IS based to grea. extent on the subject matter OF
the cases OF Work, Schei and Others against the
Erie Railway Company. Tho present complaint Is
drawn ny Messrs. Rapailo aad Spencer, tie avor-
neys OF these plaintiffs, the same gentiemen having
also been ile attorneys Of the antEre party the
proceedings Of last winter. The bin . very volum-
nous ana sess ont that tic plaintiffs Belmont and
Luoie copartner3 in business ana are tho owners
ana holders of 400 shares oi Erie Railway Com.
pany's stock, ana that they have held pro rortion
of IL since tie month OF Marcia last; that
The whole amount OF common stock which
tho Defendants The Eyie Railway Company are
authorized by aw to issue about SIC 9l0 that Ia
May 1850, chat defendants Illegally issued 900 shares
or add utlonI common stocs ti,ai Gn action 10
commerce ~ NC name Of Frans. Work, IN Zebra
ary, ls03. ~ c9uuci the EeicEdautS 10 cancel the
n amor. y eq; M AZ tlat ne ass4aants OF soac o.
gaged ~ stock apeculatons, and Illegally issued an
rddit onal AMOUNT OF s5ooo,coo Of stock; that On
Gi &hgJJ,g0j sscrcty, and that Gil the former anis
CHOSE OF lasg winter and spring. related 20 tae issues
above referred TO; that IN the course those pro-
ceedincs receiver Of the proceeds OF SAID issues
was appointed an1 an Injunction grantcd
restraining nny further or additional esuos;
but tnnt thar Iojunctan was violated BY the issue
Of the s5,09Do0J last above referred TO: that the
order appointing receiver was appealed from. but
was Affirmed by the general term Of this court aud
the mo,ioas for tue dissolution u the inJunctons
against tie deierd1nts were denied, the Court de-
ciding thai hc company haa no power 10 make srcli
issues OF stock, an1 the orders denying such relief
being riso appealed from were affirmed; thai The
several suits which had been commenced wcro IN
the month or auiy last settled. The complaint thea
goes on TO alesc that alter that settlement the
deiendanis tlk, Gould ana Lane combined
and were banded together for the purpose OK
obtaining cOn,Iol IL the company and 60 use Its
funa3 aDd properties IN he flrshcance OF their
specuiaGops; tat they procured and induced Daniel
UreT 70 resign ms position as treasurer c the CON-
puny. ana then compromised the claims which ta.
company had outstanGi against SAID Drew, and
which were .Ee subject c The former itgatloG: that
Drew PAID them aboui el,00)o)i 70 settle those
claims. ana L0u1 was subscquensls appointed presi-
raid over 10 Gould sl6y1Goe, fne balance or his
tDrevsi account az treaSDier; That the dcieodants
also ssuei slDcyVo ~ cVnVerlDie Duhes Va slJ
jusLe aEG uiat this waa poraon Of the
money pad oySc b. urcw as TREASURED, ana Was the
proceeds ~ SO oCJ Or STOCK issred m fcbruar!
and hafGi preceding, ana Wh'ch ~ on acs 81 ne
Legisnturihey .re lpfDi1dGn from apply ing 70 any
purpose eNctrs tn improvement og the compsny's
yoao; thu. they tgra les red t. remove lldridgt,
who was I.esGtnt Of ~ corapany from his position
OF uc Doads a tie Uoit9a' ,isriijd u,d Er.s Tsi.
NJ , u IT tt N - Cu