The New York herald., 1870-06-08

| tween the railroad magnates, Fisk and Gould. repre-
sentlng Erie. on the one hand, and Cornelius Wander
| bilt on the other, created considerable com
! ment on the "streetr--f. e.. Wall street
| and much interest was manifested to learr
| the precise nature and extent OF the issue
The effect however, OF these reports on the STOCK
represented by the contending factions was nsignia
can't and many profess to believe that the contest
will be OF brief duration, as there is no question Of
the fact that each OF the respective 'tubsn can
| "stand on It's own bottom"
| With view, however, to learning the exact facts
| In the case HERALD reporter paid
A VISIT TO COMMODORE VANDERBILT
TO ascertain his version OF the causes which lead 10
| the present conflict and the proposed course 10 be
pursued by the New York Central He was politely
| received by the Commodore who said that he did
not wish to enteri into any newspaper controversy
and In the course OF somewhat general conversa-
tion stated his position substantially as follows:-
The New York Central, Pennsylvania Central and
Erie Railways had entered into an arrangement /
seven years ago, establishing similar rates or pas.
senger g ana freight charges which had been strictly
sas ssspaSaE asasfs s!r T ys s n S sHss ss g's
Erie for the reason that they wouid violate any and
every such compact within twentyeour hours after
making 1t. The only course now open for the
Central TO pursue was to reduce rates to
such point that 1t would be Impossible for
the competing lines to underbid them This he
proposed to do. He said that the New York
Central running through the best section OF country
in the United States, was worth every cent oil the
par va ue OF It's stock and the directors proposed
pay their stockholders. The Central would here
after be run simply ON its own merits as an
INDEPENDENT and competing line, and ne
aSs ana ali possible sos eo@pnaonp HGp' wa cda an
| not he would vacate his position as president.
This was the simple business.like position Of the
| road, and the talk OF a war' and the sensational
articles appearing from day day In the newspapers
looked very like an attempt to 'bear' the market.
that he had all the stock he wanted and
! no more; he neither wanted to buy or sell,
and whathe had he was able to carry. In regard to
| the parties who were running the Erie rold-Mr.
Gould and Mr.. Fisk-he did not think he could goi,
any honor by noticing them in any way OF encour
aging an idea III the minds OF the uninltaged tha,
| they were engaged in war with him.
THE ERIE SIDE OF THE STORY.
Gould and upon stating the cause Of his visit ard
asking Mr.. Fisk what course he intended to pursue
| ne replied ia characteristic manner" Why
begun this thing, and we. intend 10 come
| up squarey to the scratch and take care
OF our road to the best of our ability. He Is disap
| pointed at the defeat OF his English agents to gel
control OF the Erie, and this Is OF his ways of try
ing 70 get reyenge. e M where Is meeting Of directors
| or better than can.n
what information was desired and said :-"I did moi
t, know Of this contemplated fight OF Mr.: Vanderbilt
|
| oi it was on receiving the following
LETTER FROM VANDERBILT.
oTn new k.yEm June
JAY GOULD, Esg President Erie Erie Railway Company:
By o and aaTEn E ssosas sa
the past two or three weeks, without consultation with til
date 1 Ia sSs' 10 e
will cease Ssay r. a1y Vice President
This letter, although dated on the Ist inst, III,
not receive until the 3D. when Immediately wrou
| the folloWng
| NEW YORK, June 3, 1870
DEAR sIRI p. of your note of June 1, advis
live stock While accepting your concusions have 70 sa,
that you are In error n assuming thai we have dsregarae
any agreement or understandipe with your company W.
nave ''As A''-S ''' '' JAY aeo'iGLD, President
era ticket agent received this letter from The gentle
man holding the same position under Mr.. Wander
GENERAL TICKET OFFICE OF THE TIupsoN)
RIVER RAILROAD COMPANY,
WILLIAM R. BARR, General Passenger Agent ''''
D pnAa m s am 70 aey you that we shall de
Niagara Falls or Suspension Bridge after this date
Respectfully S:asis s Ticket Agent 4 knSRsEc anS T.
THE CAUSE or THE QUARREL
was probably partly owing to running the fast
| trains on our road. These lightning expresses ena
bed us to control large share of the passenger
travel west, and probably this was not relished by
| the managers of the competing road.
The Vanderbilt people assume 10 control the Lake
| Shore road, but we nave contracts with them that
control our business. II they violate their contracts
with us IL renders the Officers OF their road subject
to removal The Lake Shore road connects at Buffalo
with the Erie and Central, which competing
| roads. The law Is on our side, as can be plainly
shown. Here is 'an act, passed on the 7th OF Nav
| 1s47,' In which Is the following clause:-"Every
railroad company whose road SHALL at or neal
| the same place. connect with be intersected by
two OR more railroads which are competing lines fol
the business to from such place, each railroad
"
proprletors OF each OF such roads equal terms o
aceommodauon in The transportation of passengers,
! done then the road aggrIeyed shall apply to the
| Governor for relief, who shall, on fourteen
| compel acquescence 10 the law. Whether Wander
bllt Is ignorant OF che law or not OF course we
not say but it gives our side of the case strong
! prop. We are certainly prepared TO fight the thing
| with him, however, for we are abundanty able to
do So We have no 800 1000 worth OF stock upon
winch we nave 90 pay eight per cent. Interest
thus laying yearly burden Of S72oo,o0o Of interest
upon the Stockholders But In case we should be
cut OF by the Lake Shore Railroad 1t will not cripple
the Erie for We shall then pass west by gong down
TO Mansfield and making u connection there which
VIII really be shorter route than the present
| one. With regard to the arrangement with the
| PENNSYLVANIA Central Railroad / may say thai
every hing Is 50 far satisfactory. telegrapned tc
Mr.. Scott, the Vice President OF the road the sub
stance OF the notice received from Vanderbilt te
which he sent the following reply
JAY GouLp-I have a similar notice Don't uuderstsn,
what the gentleman means exactly, though am perfectly
THOs. A. SCOTT, Vice President.
then telegraphed TO him whether we could de
pend upon being accommodated by his road, and tn,
answer that came back was as follows:-
PHILADELPHIA, June 3, 1870
JAY Go'SS.p-yes 'S sri we Tl treat rsht Man.
we saw you In New York. THOS. A.. SCOTT,
Vice Presden, Pennsylvania Central
From the above statement 1t will be seen that We
are In good position to fight in the threatened war
| We are crowded with freight, but 1t must be borne
in mind that we have thrty-siX steamers running on
n v1ltrh oil
In getting our freight west.
In case this dght becomes too hot we intend to in
quire into the question as to whether the
other side have not forfeited their charters
oy violation OF them by taking money In their
palace cars. Every fare they take in these
drawing room cars Is a violation Of their charter
They are limited TO charge OF two cents mile. In
conclusion we say that we have not inaugurated
THIS war, but as we are In intend to fight it out
II 1t lasts for ten years.
ATTEMPTED ROBBERY.
sGOod for Five Years.
AT the Yorkviile Police Court yesterday young