New-York tribune., 1869-02-25

o o , ' th S,i,b combjnaton gained the Indian
apOls and Terre Iaute road. Inc cml,h lai,S p 10
family of no small beyoes ~ be house
hold He had road from Columbus 10 lndianap9l,s
and another by way of LOgansport 70 Cmcago, Inc
Smith roads are known as the COlunous, ChlCIso
cd Jrdana Central and consist of the Columbus
and Indiana Central TO Indianapolis, ana the ooIun
bus and the Union and Logansport roads 10 LGgas
Dort and the Chicago and Great Eastern TO C1lcago
THE New-York Central had n line TO Chlcago py lho
Lake Shore route and an interest IN ronte from IRON,
cleveland by way of Beefontaine and lndlahapoiss
TO St. Lonis, and iii another by way OF Toledo anu
Springfield, but Smith wTested the lerre Hauue anu
Indianapolis Road from its grasp ana then secuIeu
the TerTe Haute, Alton and ST. Donls hoan oDtainne
by this means a splendid line to st, Louis as wen as
to Chicago. These roads were the natnra Ieeders oi
the Pennsylvania Central. Smith feeling hlilse1, M L.
RAILROAD king" opened negotiations with the EIlo
Company but after obtaining liberal propositiYIii VI
from that Company they were rejected IL Iayor % od
the Pennsylvania Central Ihe copaCt WI.n rantral
shall pay the stockholders of the Columbus Chcago
and Indiana Central 80 per cent of the gross earnings,
out of which m the G Sompany Is 70 pay %tannee ne # to
be applied TO dividends, any deficiency IN m tle
profits short of the amount of the interest on me me
bonds being guaranteed Inc road s & TO of
the Panhandle and Pennsylvania Central 10 ho v,
line These terms have been ratlhed by tne Ho
holders and the stock has already adVanceu io'" ~
THE FORT WAYNE ROAD IN THE FIGHT. .,o
Negotiations had been entered INTO between t tlle
S apd GbicaRo roads which resulted early
last Fall in an agreement between the Two p SUlnpa
MES Cen Cass the President OF le rtp' to consider
il simultaneously with his chances 10 DO lne
next Democratic candidate for Governor OF reppi
sylvania, but in the mean time Doth ne nni anu
Summation snU mT of The Ben Smith trick. Still the
Pennsylvania Central wanted the contT9l OF nd .Ig
fs3T6 "n6 Tst aNSSns Myns to deea er Wishes
order that the Erie Road may get to ChlGago
Gould had failed in securing lease OF the Coupus,
Chicago and Indiana Central, he at once DoughS up
tbe stock of the Pittsburgh. Fort Wayne and Chl-
90 90 Road to control it and compel II TO enter INTO
contract with the Erie But on the eve OF the elec-
tion of q new Board of Directors, which takes place
in March, and at the very moment when his prospect
Of controlling the road seemed most certain; all his
plans were thwarted by the PENNSYLVANIA Leglsla-
ture Gen. CaSs went to Harrisburg TO de1eat the
nroposed transfer or at least TO gam time 1or the
PENNSYLVANIA Central, and in just "a minutes alter
his bill left his pocket, law had been passed
hv the Legislature. and approved by the Governor
Nv which three fourths of the Directors OF Inc
Fort Wayne Road were continued III ONCE without
the will of the stockholders Against TINS bil IL Is
urged that it is not only unusual put un-
onstitutional that il is in conflict with the char
fer of the road and the rights OF the stockhoders
and that 1t should be ratlhed Dy th9 anu
road passes before il can become Yalld Outwltted
but not subdued yet as one without nope; G0uld
did not let 90 his hold, but the coalition WIN van
derbt at once fell to pieces Indeed IN MS testIlno
nv before the Senate Railroad Committee at Albany
| on tbe 4th inst be charged the eD-York Central
and the Pennsylvania Ccntral with making common
"omse against the Erie Road. Whatever had been tho
relations of Gould and Vanderbilt when Ihe Tenn-
sylvsnia Central was 10 De p0ItSa t5 Hp AZ US
pewsnoners proclaimed that peace relgned between
| the tribes of Benjamin and Judah, the New loIk
Central had taken from the Lre the control oil the
road from Cory into tne OIL regions anu INC od era
| of battles was renewed ,.y -. .,,.-.
| THT MOVEMENT OF THE ERIE" UPON CHICAGO
The Erie Road has broad ,guage connections WIN
~. nfI II.
| out from Chicago. In his testimony at Albany
| Mr. Gonld said that there are 21O miles Of
road TO DO obtained TO make their connections
with the last named city, aud aYowed the pur-
pose of the Erie people to attain TO TINS compete S.
Ills asserted that he has already secured aoOntrong
| interest in the Michigan Southern Road ana VIII
name hoard of directors for that company III Jane
favorable to the Eries plans Tor reaching Chicaso
Vanderbilt endeavored to thwart this by securing
lease of the road from the present board oil directors
and it's consolidation with the Lake Shore and Cen
tral line. The result OF the meeting OF the board
with this purpose in view held on inc 9th INST mas
not transpired, but as the lease would pI0DaDy re-
onire the consent of the stockholders Goud has II IN
his power TO defeat it, IL the Erie managers have the
control of this road it will still be necessary to hmld
broad gauge link between Cleveland and Toledo, and
Western papers assure this IS almost certain 10
be donen Every city in the West is aiming to be-
| come a metropolis, and this railroad war gives
most of them an opportunity to air their pretenslOns
For instance The Registr says OF Sandusky:
and posItiveiy adjusted we fully expect TO see work
begun on new road from Cleveland through sandusKy
thoroughfare OF the continent
Purchases were made yesterday by friends of the
! New-York Central, which augurs well for Wander
blt and the latest rumor Is that no contest seems
probable for change in the Board of Directors IA
vorable to the interest OF the Enc managers.
| is THE ERIE RAILWAY SoLyENrf-A NEW PHASE or
| THE WAR.
No sooner had the attempt to shut out the Penn
syyania Central from any share in the traffic of the
Northwest been defeated by legislation at Harris
| burg than similar movement was made upon tie
Erie by legislation at Columbus In his Albany tes-
tmony Jay Gould ayOwed in effect that the road
bankrupt when he. became its President and this
avowa was followed up on the part OF is opponents
by the introduction of bill into the Ohio Legsia-
ture which required sworn statement of the assets
| and liabilities of the Erie Railway before that Com
pany could receive lease of the Cincinnati Ham
/ iton and Dayton Road. This lease has since been
| consummated and ratified by the stockholders
! Under the specious pretense Of reform IN railway
management the bill was pressed by its friends
| notwithstanding 1t was apparent that the move
ment was made neither in the interest of the
| stockholders of the road Ill question, nor
of the public The Cincinnati, Hamll-
ton and Dayton Road pcrfects the
line of the Erie and Great Western to Cincinnati and
secures the connections OF the former with the OHIO
and Mississippi, which carries It to St. Louis. The
Cincinnati Hamilton. and Dayton Road has secured
| perpetual lease of the Eaton and Hamilton Road
to enable it to include the latter road in the transfer
| the Pennsylvania Central might have gone TO Gin
cnnati over the Little Miami Road" tho old, reia-
bic Little Mami"-.and enjoyed the Southern trade
| this way with the antiease bill III committee, all
eyes were upon the Ohio Legislature. Buckeye law
| makers pressed on the one hand by Albany manipu-
| lators and by Harrisburg regulators the other
were in quandary indeed and so hesitated until no
| action was necessary. From Cincinnati came up a
cry AN the mischief that can result from leasing
has been accomplished; to prevent any further eas-
ing at this time will only cripple competition. Let
the Erie Road get fairly planted here and We shall
soon have the much-talked-of Southern road built
And to this the response given What has Cincin
natl to urge against the Pennsylvania Railroad Com
panyi Should We IN the absence OF any justification,
md I'M Haf of "a tn npeIil-
dice the minds of legislators against this ally of
our State and city, even in the interest of line
ILL L. L.