The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1869-04-09
Fisk, Jr., and the Union Credit Pacsno
MObilier Company.

| racine appeared IOr umo W nav .
reached vanishing point. The spectators oil
the strife saw nothing but vapor lowering
over the field, and surmounting it, In all the
dignity of official position, Judge Blatchford,
who decided that all the proceedings before
Judge Barnard were null and void. Broken
safes, grim looking cyclops with massive ham
mers, policemen, railroad spectators, COM
pany officers, enraged stockholders, directors
with their fingers up to their noses, Credit
Mobilier, contractors and Congressman were
dimly traced in the vapor as it essayed to
vanish in the direction of the river Styx.
But the end is not yet. Judge Barnard de-
clared yesterday that the decision of Judge
Blatchford does not affect the matter at issue !;
| that it was mere dicta, and that if that de-
cisiOn ever had any weight in legal point OF
view he would not be controlled by it, as he
recognized no superior judicial authority save
that emanating from the Court in General
Term, the Court of Appeals Of the State and
the Supreme Court of the United States.
The battle thus far, however, has had it's
good results, and has shown the necessity of q
thorough examination into the affairs of the
Union Pacific Railroad. The government
should take prompt action in the matter before
the country is defrauded Of its entire direct
interest in the road. In one sense Fisk, Jr.,
made his point. He has shown that he is a
stakeholder of the company, and, from the
evidence given before Judge Barnard, proves
the company to be a gigantic fraud. On the
other hand, he has opened the door to nume-
rous suits at law, tiresome and disgusting to
all except those whose pockets are filed by
the contending parties. But in its present
phase this railroad war begins to look like a
verX large "corner," Wall street campaign
against huge corporation whose cOrruptions
have opened the door to attack from any
spectators bold enough to make the venture.
The Union Pacific Company was originally
organized by some needy adventures who
found it necessary to entice some respectable
merchants and capitalists into the ring to give
it character but they took good care to let
no one in who could interfere with their
management or control the enterprise. They
wanted names and they got them. This was
nucleus for Wall street, for Congressional
action and for public faith. The railway
mountebanks have played upon this three
stringed instrument, and have delighted the
country with the variety of tunes at their COM
mand. The Credit Mobilier, however, was
variation that the common people could not
comprehend, and, therefore, we have had to
explain it lately. Now, with all the dances,
anvil choruses and requiems, we come to
what may be shifting Of the scenes to make
room for opera boufe on grand scale. All
this great railroad war may be feint,
caused by combination of the Pacific Railroad
adventurers, with Fisk, Jr., to get the staid old
merchants out of the company. Disguised
with the expose made by tho late legal on
slaught and the consequent handling of their
mercantile credit without gloves, they may
naturally wish to retire from such bad society,
and, once more asking pardon for discovered
sin, pocket the immense gains of the past five
years and consecrate the rest of their virtuous
days to the support of the Gospel and the send
ing of missionaries to the South Sea Islands.
This would be very appropriate expenditure
OF the OlVluenuS .ueclureu lrOm Tue uuauClai
fleeing of Uncle Sam. Honorably retiring
from the Pacific arena, Fisk, Jr., may then
step in, join the Erie road to the great through
route to the Pacific Ocean, and in this way
connect New York with San Francisco, An
unbroken management under the honest ad-
ministration Of the present governing element
would then give to the country the full mea-
sure of Its great hopes with reference to an
iron road across the Continent. Erie, as we
stated some time since, looks to con-
tinuous line to San Francisco. II would be
difficult to accomplish its aims In a direct
manner, owing to the great opposition which
exists on the part Of competing roads. 1t will
not be strange, therefore, if the sequel to the
great railway war now raging proves that it is
all a part of well-digested plan on the part
of the contestants for the purpose we have
stated.
FATAL MINING DIsAsTER.-One Of the most
lamentably fatal mining casualties which has