The New York herald., 1870-03-31
THE ERIE RAILWAY.

Mr.. Burt's Argument Before the senate Com.
nitIee on Railroads for ahe Repeal OF the
Railroad Classification Aci-tepIy of Messrs.
Shcurman aud Crouch in Opposition to Its
Reponl.
ALBANY, March 30, 1870.
Mr. Burt appeared before tue Assembly Committee
on Railroads to-day, and reported IN substance the
argument he made before the Senate Committee
last week for the repeal Of the act or 1862 author
izIng the classification OF railroad directors so far
as ft affects the Erie road.
Mr.. Thomas g. Shearman, OF New York, as coun-
sci for the Erie Railway managers replied.
He criticised the professional conduct of Mr. Burt
In appearing TN the mingled capacities OF counsel
and client. and denied on his own personal know
ledge some Of Mr.. Burt's statements about the fnan-
clai management OF the road But even II all the
charges made against Messrs Fisk and Gould were
true, they furnished he SAID no reason for repeal
nag the act OF 1869, which had been passed to pro-
tecI the interests oil New York by giving a degree
OF stability TO the management OF the railroads. ana
thus strengthening them against hostile combina-
tOns, and which must be continued IN force for the
interests OF both the city and the state OF New York.
Mr.. George nCrouch, an glo-American stock
holder, who Is personally interested to the extent OF
900 shsres and who claims TO represent the foreign
holders OF 900 o00 worth OF Erie stock then made
an able argument In favor OF the classification bill
and the maintenance OF the present management In
ONCE, and concluded AZ foiows:--
would you to bear In mind ,ha. Mr. Bur. doe. not
think there anything wrong in this bill itself He admits
that OF tho principal railroads in England
by exactly similar IN us and. admitting
that be acknowledges that he cannot possibly ind any
with IT. since 10 his e;ilm,son t whatever Is English 4.
adopt previously adopted other States OF The
Union, and In In force Pennsylvania, Ohio.
Illinois, Wisconsin and elsewhere, and that here
New York applies TO the Hudson RIVER,
Harlem and Central lines, as well to the
Erie, and consequently not framed for the exclusive
benefit set OF directors and facts
he deliberately makes tho insulting demand that you shall
for tho especial benefit Of his clients Who his
centsy Three London stock jobbers obtained
number OF shares under false pretenceM and who the
andacy to count to enable them
Snr0 linz nj ths
nent thanks To their Alabama British shipowners now
monopo1e the carrying TRADE OF the Atlantic. =
0entlemcn am Mr.. Burt his mistake. and
think be !. sorry for It An Englishmsn by bh feel my
self bound to apologize Tor han. An American
and In feeling, call upon yDu American legislators
lec foreign petition for e repeal Of law of the
State OF New York Foreigners may appeal court
whenever they imagine themselves wronscd but
tina. but citizens OF the republic right TO yoic,
In the making and ur.makng Of our laws.
In the case OF Ramsey against the Erie Railway Fisk
Gould and others Judge Parker has just Gsd his decision
denying the motion lately argued before him owogo
where Flax Could asked TO perpenay cnjon the pan
tih proceengs; and also denying tho set asas
the order procured BY ths plaintiff Tor the EXAMINATION o D.
! T. pvsn,.