The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-11-09

dividends OF the Pennsylvania bloated coal corpora
tons.
THE ATLANTIC AND GREAT WESTERN
RAILROAD.
Little Unpeasantness Between James Me-
Henry and Charles Francis Adams, Jr.
ATLANTIC AND GREAT WESTERN RAILWAY COL
NEW YORK, Nov. I, 1889.
To THE EDITOR OF THE HRRALD:-
snail be obliged by your giving room In the
HERALD to the enclosed correspondence
JAMES MCHENRY.
CORES PoNDENcE BETWEEN JAMES x'HENRY AND
CHARLES r. ADAMS, JR.
TO CHARLES =. ADAMS Jr., ESQ.,, Brevoort House.
slR-fn your chapter Of Erie your reference to me
aud my affairs based on such serious errors that
or ~ n pleasure Il
calling on you at any time or place most conveniens
Considering the gratuitous assault made on me,
hope you Will appreciate toe courtesy or this oRer.
Awaiting reply am, most truly y yours u,snv
CLARENDON HorEI, NEW YORK, Oct. q, 1869.
To JAMES MCHENRY, Esq, Clarendon HOTEL
SlR-Your favor Of to- day has just reached me.
your convenience, at such time on Friday before
happy to reciprocate the courtesy OF your note. /
nave the honor to be, &C., q. f. ADAMS, JR.
BEBvooRr HOUSE, Wednesday evening
IL,
BOSTON, Nov. 4, 1869.
To JAMES McHENRY, Esq, New York;
with Seen OF ns z
attend to until to-day Since seeing you on the 2sth
ut, nave matureiy considered the paragraph you
have examined my notes as to the statements there
made. am stlll OF the same opinion IN regard To
that passage as when saw you in New YORK. The
substance OF Is gratuttOus and unnecessary. Had
my attention been called to 1t in preparing the
you desire, cheerlully withdraw 1t, provided my
doing can In no way be construed as an endorse
Atlantic and Great western Railroad.
Insisting as must, on this Limitation OF my writ
To Five % o IN
In It, 1t contains, Us understand, three offensive
FTst.-The reference made, as you suppose, to
yourself, as one 1.-THE study Of whose career would
read as the tale Of some Arabian night" can
success, socially aud financially, in London was,
believe, on oil sides acknowledged to be unprece-
have often heard 1t referred to In almost the words
used by The highest authorities, and am still OF
this point, or, indeed Injurious to YOU.
Sec0nd.-l speak OF the fnancler IN question as
investments. On this point must refer you 70 the
balance sheets OF the Atlantic and Great Western
Railway, to the report Of the Bank Of London Of
February 1885, to the memory Of the famous British
Money Market Rer1eso for May, June and July last.
Railway as bubble Western road" am not ig.
norant OF the fact that the receipts OF that road are
desire lyon you with the which
have warped the management OF its affairs In this
0Uan sc wn ss
enterprise oesvs one Which ya whether
not, presented to the public in such manner as
to create erroneous impressions to its prospects,
either by statements OF what known to be false or
terprlses cannot but place the Atlantic and Great
Western Railway DO 50 on the strength Of com:
which Is before me, and with which you are doubt
less familiar, and, finally, on the private statements
OF the road, and who feel at liberty to name as
know he has made no secret OF his opinions Il
wish to know any incidents on which
permission to make them public.
shall now De happy to Withdraw the offensive
gratIitous and unnecessary to the treatment OF my
subject in hand. lnave me honor T to be- &c;s :.
CLARENDON HOTEL, NEW YORK, Nov. Q. 1859.
To @. f. ADAMS, Jr., ESD
SIR-I have your letter of the 5th. enclosing one
the offensive paragraphs, and regret you have not
done so In better spirit told you that your error
signature to the very scum OF scandalOus gossip
boating in London, and you persist IN It.:
What your opinion Of myself personally might be
told you was q matter OF no consequence, but
sought the withdrawal OF statements injurious to
great enterprise In which thousands are interested.
That Investments In the Atlantic ana Great Wes-
tern Railway had any important influence In disturb
ing the Royal Exchange deny. 1t was pleasure
to many anu convenient to others TO associate lts
operations with the financial disasters OF 1885, but
tae fact Is. not person or institution was 'fn-
voved" solely by advances TO the Atlantic and Great
western.
You intimate that you were justified in calling the
Atlantic and Great Western Railway bubble road'
because 1t was presented to the public in manner
calculated to create erroneous Impressions az to its
prospects. hope you do not mean that at any
time misrepresented the position and prospects Of
this railway have understood them from the Day
OF nv first connection with 1t to the present timer
common notoricty" is not sufficient basis ON
which to found Wild and damaging charges. You
have given heed to anonymous scriDDer5. Had you
known the source from which has flowed the ribald
literature you treat with so much respect you would
have shuddered TO associate your name with II.
/ may add that the project or the Atlantic ana
Great Western Railway was introduced In Europe III
1865 not by me-wth the active assistance OF the
American Ministers In London and Paris supported
by letters from the President OF the United states.
from QOvernOrs--One Of wnom Is now Chief Justice
OF the United States-and exg0vern0rs, members
OF the Cabinet. OF Congress- Of the judiciary and OF
was 70 be constructed, and from leading American
bankers. It thus assumed national importance.
Its present position IL therefore unquesti0n-
ably national disgrace, and Will close
the markets OF Europe to any similar
project until the high testimonials reclted are for
Cotton or justified. But believe that all-even the
most as TO the future OF
this company Will be justified Failure heretofore 10
due to executive Improvideace. When faithfully
tors am as ever, confident that the road win
resume the position Of credit and profit from which
II had no need TO fall. have the honor, &c,
JAMES MCHENRY.