New-York tribune., 1871-12-19
TIE ERIE RINGS TROUBLES.
TIE CONNECTION OF THE ATLANTIC AND GREAT
WESTERN WITH TIE ERIE-TIE NEW COM
RISATION A FORMIDABLE ONE - SPEEOY

| TIE CONNECTION OF THE ATLANTIC AND GREAT
WESTERN WITH THE ERIE-TIIE NEW COM
! HISATI0N a FORMIDABLE ONE - sPEEDY
| DOWNFALL OF GOULD AND FISK.
has H been formed anss Tie rfssentt ofRhRa8a
mcnt Railroad the public will be- interested
knowing the precise relations between this road and
the Atlantic and Great western Company the foreign
stock ard bondhndcrs OF which are the oriGnators Of
tho movement.
In lsCo after MI James McIIenry in behalf Of the
foreign owners OF tho Atlantic ard Great Western had
endcavorcd fully obtain the removal Of Jay
Gould and ODousherty as r. ceiyers, and secure the
restoration Of the road 10 the Company the matter was
placed In the hands OF Mcs,s. Barlow, Laroque, and
Mcfarland Of this city. These gentlemen commenced
suits In NeH-Yuik, Pcnnsy y&nl, and Ohio, and wcre
ultimately entltey successful in all three States.
securing the removal Of Gould and Dougherty,
and the appointment as Receiver, OF Judge
Reuben Hitchcock OF GAINESVILLE, Ohio, reputable
anddlsiin S,hed gentleman, who Immediately took the
road II Dcing very dlcat for HIN TO take charge Of
the road Ecc ver, and much more advantageous to
all parties have the road In connection with the
Erie Road, Judge Hitchcock, under sanction OF the
courts VI the three States naio running arrangement
with the Eric Rosd which continued until the foreclosure
aud sale Of trcc GI ons OF the A. ami G W., m tue
three sslea under arrangement for tue foreclosure,
sa.e and rcor LdnIOa OF the road In pursuance OF
trust aereeprut xecutrd between the creditors Of the
and Senator Thurman. Tae saio OF tho New-fork
Division took place July, 1870 and OF the PennSyl
.vania and Ohio Divisions soon after.
Assoon as possible after the .ales the road re-
Organized md reunited, by local consolidation OF the
,,,rce divisions, under the name Of The Atlantic and
Great western Railroad Company with Cen Geo. Il.
McI Ieln PRESIDENT, Gen. NrlSA OF ONO Nleefrc>l-
tPn-. and i;ntri OF Directors.
since er the road has been rrn, aud IL now rnn
entirely independent the Eric Railroad Company,
there riue other relations between them than those
usly cyis; ng independent, connecting iiloS
this ~ will he gives the new combination
strength wiz, raust make it formidable. The natural
interests Of the Erie ard Atlantic and Great west
ern are closely aod and it Is greatly for the advantage
Of the pubic andof two roads that they should be
run undr Intimate and harmonious business relations
@ ae9 g s 1ss tss 50 ,s%g nee m 'a9 e'
tiu,e the new eombinn'n 70 Tnicn clro ailqsiGn ,iG
'rs o tho bonds and stocks of tho A. and q. W. The
Inaiar OF the road feel great interest in any
iuv ent which has for It's object 10 place the Erie Road
IN honest hums and uLder the control Of persons who
M "orduct IT, aflrs upon eoyrStt business T Prnepss
bnaiio il entirely disnet and separate from the Heath
and RI phael movement. and s composed OF the foreign
Great Western Railway in connection with such Erie
stockholders as arc outside Of the Heath aud Raphssi
movement. II IL TIN. new combination with which fne
name OF Gen Sitkles has heen connected.
The Committee OF ami Ring American holders Of Erie
Williams Lave rsc:ed an xPsctedly aIss ssspOnss, 8,
to their advertised releot for tho names OF nEae % "
The signs Of the times point to the speedy DOWNFALL OF
tue Fisk dynaaty.
The present managers OF the Erie Railroad are endeav.
orng to negotiate first mortgage cSpsonaaee% % poia ot
s32 OO0oO0 Eighteen and oneha miIIlons OF tnis to
served the OF present mortgages oooO
the conversion VI the sterling oonds aeo 10 EuoHo,
and the balance be Sold tho pfoceeds 70 ~ intO oo
hands Of Flax Gould Co. Thus far the success mas hos
been very great capitalists noecsrng 70 invest In bond
GOO OF prior made by the former managers de-
cline the tempting Offer convert their bonds into the
uauv iaaua