New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1869-11-25

Erie and the road aud officers OF saiu &c.
serious Injury OF credit aud business ana among
causes are the following, applying a. III
aud sometimes to more OF tad three @ inst criticism
of the public press by offers OF money, ana nnoy
them law suits numerous or more % ,road
all suits OF similar character OF M suo 20 49,
whose roads terminate In the oiy "a -"
York; by bringing or allowing to come mo, gc within
ting In the offices OF SAID Company, ana app n %
said Grand Opera House, ana elsewhere III on sad
males OF bad repute by running night trains on ssa
road with such circumstances OF OstentaIOh auu ce
merely To transport said person and his ateunS
to place where cOlusive lawsuit was 10 Dc ne
aud superlntended by him; by publicly engags ,dv
OF thsaters and operas and acting ~ gauy
uniform the part OF temporary master OF @
of said Company made by themselves 10 pear
their own names by making themselves inc yssted
In crowded streets at midday. in consequence Oh fg
gold gambling operations; by reason VI snr ard
almost universal censure OF the respectaDe POI,
ton of the public press Sy o,m gssSe cal
cum ghts and ostentatlOus displays OF snowy s,ks ~
night to win back patronage to SAID rOau oTsd speee
OF ridiculous caricatnres OF Quo or more OF salu ,
being printed and circulated among the aors
aud OF the most serious warnings against ING pet
examples Of said three persons ana ner
aud periodicals the country and from other IKE causes
e then states the Sasng S %t lnS consultation with
tho other directors averrng that the secuoni pos on
that road will absorb all It's rot 10 three rs
r on taxing the lease 100000 TO 100000 to satisfy
outstanding obligations against the Company Tnat tne
Tondhoiders have threatened legal proceedings and to
anticipate them suits have been commenced III "nion
Jay has beam and new suits Instituted for
the benefit OF the sectional mortgages IN when the Ere
m aT5 Se WI" net 10 income of the Atlantic and Great
Western for nearly year causing loss Oh tue Wits
having employed Eries money IN the purchase Of the
steamers OF tho Narragansett Steamship Company, IN
terests coal companies an Interest 10 the Fremont
Road and with accepting little from It; line OF
Lake Erie, and stock OF the Toledo ana wa,
BASH aud Cleveland and Pittsburgh Roads with regard
10 Toledo stock he charges that their own
speculative purposes, they turned over 10 the Ere
when 1t had deprecated at the price 1t cost them lie
charges that they 10 make lease or contract
with the Cincinnati, Hamilton and Dayton Road, but
make lease OF the Columbus Chicago and
Indiana Road, but through their bad reputation
aud New.Iisbon Railroad with Ere's moneys. without
authority illegally. That, embarrassed by all these
Gould sent dispatch for aid 70 the Secretary OF the
Treasury. Gns letter win be remembered was pub
shed IN connection with the gold panic) That tey are
engaged In building with Erie's money . road from
&C.. g .;c5iTs. joooias
states Express Company from their line and establish
cue Of their own. and after having purchased ls
deprecated stock made contract with that Company
favorable terms TO 1t but unjust @, rSld
That at tho last election the stockholders oil the Com
The fact that fresh stock ready TO be issued the
three selected meInber OF the Board ana tue cas
cAon by the act OF 1869 made Ihat there
was Immediately after Directors meeting, but none OF
the ordinary statements or reports were made Inat
some Directors, not being present, q resolution Whs
passed nsructng the President to carry out Tue Pocy
which the Executive COMMITTEES have inangaratsdI sna
authorizing tho issue Of 100000 Marrow Gauge onk
Fund Bonds That the Directors did not unders T
what was meant but voted as aney we're nre6ee over
the Old Mortgage Bonds and tend TO impair tneir
value That this policy involves In It's results immense
cost TO the Company amounting TO change over all the
connecting roads and OF the rolling STOCK 10 marrow
sSsr charges on them tho building OF tho Newburgh aud
York Railroad. aud aid which they propose to give
aud the measures of violence used IT. He charges that
in their management OF the road they have reduced
the net though possibly they have Increased the
gross receipts; that coming to the directorate
q the Company Money pSSr sn one sC oS
claims TO DO rich that they have oeIsyea inc
orc Of The defendant made gains expense Of the
Company In the transfer Of the Northern Railroad Com
Them out OF the sale Of the Earragausett Steamship
Company aud that Hall hes similarly made money OUT
Of supplies furnished TO the Company Plaintiff then
objects TO the attorneys appearing for the three
defendants and the Company insists that Their interests
arc hostile. He ayers that since the complain,
ready to iss1s 10000 more Of convertible bonds
OF the Company be converted into common stock under
the resolution OF the Board Of Directors above referred TO
appears by notice sent TO the stock Esehang dated
Now Ho denies that this ssne authorized 10y that
resolution He then charges In general terms that the
Erie Railway affairs are In such condition that only
and credit can save it from insolvency; that
the defendants are not such persons, but
peTpetaa,e their power that they are Directors Of the
Long Dock Company and other Companies Immediately
with and really owned by tho Erie Railway
Company aud that there is danger that they may IN
these Companies seek 10 inure aud embarrass the Eo
Railway Company that there - danger that 70 screen
themselves they may procure an Improper rsincauon OF
their act may settle claims with Is creditors IN tne
Compauys name may consummate some new or penang
scheme may destroy alter the Company p9oks may
change the Board OF Drectors may eoeree faise ada
vita from employees may use bribery, may ueiault on
mortgage bonds, State procure special egsla-
lion. Institute suits, sell property or c1ooea ssn issue
Drs Wherefore be especially prays tue court
l. 10 forthwith suspend tho several ~ ,h
respective offices aud rukLs. 10 appoint receiver Oh
ali .ad moneys and poPsf ne A same and of what else
may proper according TO the practee o to oouahu
Tn rant ono or more ninnctlons against the doing
OF any OF acts 10 which IL Is herein charged that
osatlns or continuance Of any wrongful act, like
acis herein complained Of and against the exercise OF
10 this or otherwise delaying this suit aud
10 such other effect be needul tofly protect
person made defendant herein accepting admitting
service oL behalf In the name OF the Erie Railway
any summons. complaint. notice or other paper. and
against any such Director or person authorizing or re-
appear act represent said Company In this or
any other suit or proceeding aud against any such D
rector transferring or dealing any stock OF tho Erie
Railway owned by IT, Except such as has been directly
created aud issued In pursuance OF the
specific authority aud direction OF the Board OF Drec
tors Of said Company and against any such Director
person retaining removing or Interfering with any
ture. officers, or other property or effects or
rights OF the Erie Railway, with the possession,
use, exercise aud enjoyment OF tho Same by SAID
Company, and the officers, agents ana employees OF
said Company, this Court may authorize. the law
and against said Directors or persons en-
tering any apartments buildings or grounds owned,
rented In the occupancy Of said Company, without It's
consents and against advising or attempting in any way
induce any director officer. agent eploye OF said
Company do any improper act IN respect Of said Co
pany lts affairs TO compel the Erie Railway Com
pany Its officers and agents, 70 make discovery OF us
Stock property and effects ana OF the transfer and dis
position o. and OF all circumstances relating 10 tho same,
ana OF It's books papers, aud accounts. g. To take
an account OF the property and debts due TO and
from such corporation, far as the purposes OF
this snlt require and especially account between