The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1868-03-24
TH1NGs In NEW YORK.

THE GREAT RAILROAD sQUABBLE-Ts LATEST
PHAss-1HE Row AMONG THE EP1sooPALIANs-
YOUNG TING LoN-MPEACHMENT AS VIEW
ED IN wAII-sTREET-TH WHOLESALE TRADE.
The New York correspondent of the Boston
Post writes under date Of the 18th instant:
Drew, Vanderbilt, and the rest Of them are
still fighting. The quarrel is 30 dreadfully mix
ed that one can hardly make head or tail Of it,
but as well as ca1 understand the points it
stands about thus
THE GIEAT ERIE FIGHT.
Vanderbilt made up his mind to get control
of the Erie Road, fnd began by buying up all
the stock he could get. Drew and the majori-
ty of the directors resolved to keep Vanderbilt
out, if they could, but he was rapidly gather
ing the stock, and they. saw no change
easily buy. They decided to issue s10,-
OOO, 900 worth of new stock. Vanderbilt said
he could block that game, 30 he got Judge
Barnard to enjoin Drew and the directors.
Then the Drew party got Judge of the Su-
preme Court Of Kings County to enjoin Van
derbit and his friends, including Judge Bar
nard, from proceeding any further with their
side. Meantime the Drew party, in defiance OF
Judge Barnsrd's injunction, rushed out the
new stock to the extent Of $40, 900, and Erie
fell thirteen per cent. in an hour. Then Van
derbilt, or the men working for him, made an
other raid on Drew and the directors, through
Judge Barnard. Warrants we're issued by the
latter for the arrest of Drew and a dozen others,
but most of them got out OF the way by go
ing over to New Jersey in row boat, after
dark. They would have preferred one Of
the ferries, but policemen were stationed
at each ferry to arrest them il: they
attempted to leave the city. Once in jersey
City they opened an Office in Taylor's Hotel
and prepared to continue the fight. Three di-
rectors who did not run away appeared in court
on Saturday, In obedience to the warrants, and
though Judge Barnard Vas eDjoined not to 20
any further in the matter, he did 60 further,
and held the directors to bail, besides appoint
ing receiver for the company, in the person
of George Osgood, Vanderbilt's son-in-law.
But now another Judge steps in. Judge Clerke,
also OF the Supreme Court, is invoked by
the Drew party to order stay OF proceedings,
and he complies. His order is served on Judge
while at least. This is just how the case stands
to-day, and If you can smooth it out and un-
derstand it you must have pretty good head.
The stock speculators down in Wall-street are
terribly excited, and no wonder, for some OF
them have lost big fortunes by the operations
Of the Drew party; but the general public looks
on without much concern, and doesn't seem TO
the railway men have ever had on hand, and
decidedly the most mixed. -+---
KDNAPPERs-A SCARE.
The tExiles of Enc" propose to remain in
New Jersey until the injunctions are dlssoiV-
ed. They were considerably scared yesterday
by report that lot of Washington Market
butchers had been hired to hdnap them, and
the report seemed to have pretty good foun-
dation. About forty rough and ready looking
fellows went over from New York and lounged
about Taylor's Hotel and the railway depot
near by. Their movements excited suspicion
among Drew's friends, who had been thinking
that an attempt might be made to seize the
directors and bring them to dew York by force,
80 they we're closely watched. They appeared to
be under the leadership ofa sharp-loonng chap
who made great many INQUIRIES regarding the
whereabouts Of MI. Drew and some OF his FELLOW
exiles. The Chief Of the Erie Railroad police
had strong force at hand to project the di-
rectors; he told the leader OF the butchers
that he had better take his men back to New
York, for they wouldn't be allowed to lay
finger on Mr.. Drew or any Of his friends. The
butchers finally did evacuate New Jersey, but
not before one Of them had blurted out that
the party Was to receive fifty thousand dollars
for capturing the edles and delivering them to
their enemies in New York, The plan mlscar-
ried the first time but may be tried again;
were guarded by police last night, and large
force is in readiness to-day to give the kid
nsppers warm reception II they attempt TO
earftthe fifty thousand dollars said to be Offer
ed byVanderbilt for the capture Of Drew. The
exiles are well entrenched, and prepared for
long siege, and Jersey feels thatit is becoming
o place Of considerable Importance.
TYNG-A.LMa. Il
Young DR.. Tyng's friends ore furious against
Bishop Potter, but the Doctor himself ia quite
calm. The admonition he received was severe
no, his friends say. and they :.
mean to let the Eishop know what they think
of him. They showed it plainly enough when
they gathered around Tying just after he had
be N 'sadmonished," and, in presence Of the
Bishop, rendered him their sympathy and best
wishes, and afterwards when they held meet
ing and condemred all the proceedings against
him; but they mean to show . IT. more PLAINLY
againt the trial and findings, and consider
the tendency OF affairs in the Episcopal Church.
The admonition was pronounced on Satur-
day, and on Sunday the churches in which
Tyng pere and Tying fills officiate were crowded
with people who thought the trial and the
Bishop would get an overhauling. But the
scandal-seekers were disappointed, for the SER
mons they heard had no relevancy to the
OF young T., and they went away
dissatisfied. The protest Of the elder Tying is
warmly approved by the Evangelical party, and
earnestly condemned by the Bishops friends,
and the schism seems to be widening daily,
instead Of narrowing. There is every pros
pect that the quarrel will lead 10 serious con-
SEQUENCES in the Episcopal Church, though it
might not be safe to predict the form Of their
development. But the whole affair is o big
feather in young Tyng's cap, and makes him
the greatest clerical lion Of the day.
IMPEACHMENT.
New rumors are afloat about impeachment.
The belief that the President will not be re-
moved is still strong among Conservatives, but
the Radicals say be must be removed. The
failure Of the Senate to convict him, they gay,
would ruin the party, and therefore he must be
convicted AMI deposed. We now hear this sort
of argument in sll Radical quarters, .and, some
Radical papers are brazen enough to advance
it. The. President, then, must he convicted,
not because he is guilty Of any crime, but be-
cause his conviction is essential to the exist
ence Of the Radical party. The confession is
a bold one, and very shameless, but 80 are the
men who make it, Itis possible, however, and
believed by all our Conservative classes to
be highly probable that this plan Of Radical
salvation will fail. Wall-street and tbs COM
mercial community in general refuse to believe
that the President will be deposed; and they
certainly are not alarmed at the prospect
BUSINESS.
The mild weather of the past week has given
the wholesale trade good deal of Lift. Buy
ers are coming in from all parts OF the country,
and some of the large houses are quite busy.
They are doing much better than they expect
ed q month ago, and the revival has made mer-
chants more cheerful than they were. The re-
tail trade also is improving, ard prominent
-, De md ard ~