The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-28
How the Honor Of America Hangs Upon
the Success Of His Scheme.
GENERAL MCCLELLAN AGAIN TO THE FRONT
The Erie Railway To Be Rescued
from the Spoilers.
THE DREAM OF HONESTY

steamship Russia party OF English and Ameri-
can capitalists who are known as being very largely
interested In the railroad AFFAIRS OF this country.
Their coming, after the recent eruptlons of the
great Erie volcano and the peaceful but precarious
quiet which has ensued, was sufficient to awaken
suspicion that something new was anoat that must
be OF great Importance to the public Wall street
felt the presence of these unobtrusive gentlemen
In the land as soon as they set foot on rotten
wharves and while they were refreshing them
selves In their several retreats after the long voy
age the men Of gold and greenbacks and railroad
bonds were vaguely conscious Of some PRESENT.
ment that great events were impending over the
devoted money interests of the country.
THE NEW ARRIVALS
The principal Of the gentlemen, both OF whom are
well known In the Stock Exchanges of London and
New York, were Messrs. James McHenry and r. w.
Kennard. The former is one OF the largest owners
of the Erie Railway and was one Of the men under
whose direction the construction Of the Atlantic
and Great Western Railway was begun In 1862 He
is said to be Pennsylvania by birth, OF Scotch
descent, and having resided a great deal In Eng
land during the past few years, has been looked
upon as an exponent OF the interests and actions of
the English stockholders of the Erie corporation.
In this light his mission to America this last time
assumes an aspect OF some moment He was an
ally Of the leaders in the grand corp in the Grand
Opera House offices which so changed the career
Of the most fraudulently conducted Of modern
monopolies-
THE SOMETHING BREWING.
Mr.. McHenry and Mr.. Kennard stopped at the
residence of Mr.. Samuel L. M. Barlow the counsel
for the Erie Company, and have been in close con-
sutation with him since their arrival. Mr. Kennard
was yesterday at Mr.. Barow's country place, on
the Glen Cove road. Mr.. McHenry was at the law
office In William street. where he received de-
spatches during the day by the cable from London.
He is O large and wellbuilt man, of Emphatic
temperament, apparently about threescore years
OF age. His gray hairs impress prema-
ture, and as II caused by the excessive
and thought OF his position. He received the
HERALD representative with the greatest cordially
| and ernpresseae,1 his face lighting with smiles.
The conversation was opened by some casual re.
marks after which the following question was
asked
MISSION OF THE ARGoNAUT EXPEDITION.
'What Is your mission, Mr.. McHenry, In coming
to the United States at this time Has 1t any con-
necton with either the Erie or Atlantic and Great
Western Railway"
"rhere Is no cause to conceal what my real object
is 1t is to protect and advance, directly, by my
presence and energies the interests Of the Atlantic
and Great Western Railway
Mr.. McHenry here paused to consider how much
more he should say upon the subject.
n sir has given ven birth to this new
you propose to attain your ends
THE GOLDEN FLEECE.
Mr.. MCHENRY-YOu are aware that have the
main control OF the Atlantic and Great Western
Railway. own large amount Of stock in the
Erie. What / intend to do is to conduct the for
nation OF new board OF direction for the govern
ment OF the latter corporation and, II possible, to
place It fully under the control Of the Atlantic and
REPoRTER-You have had long connection with
both companies financially, and should be fully
master OF the necessary tactics
1.-THE BETTER END OF THE sTICK.n
Mr.. MCHENRY-Yes sir; the construction Of the
ago, under agreements made with me by
the Erie Company, all Of which have since
been broken and repudiated by. its successive
managers 1t was long since high time for the
play to change even long before the recent turning
OF the tables on the Infamous Erie Ring. Now,
sir, have hold OF the better end OF the stick and
not only intend to keep our hold, but to 1t well
and vigorously for the advantage Of owners OF the
property upon which so many peculators have fat
REroRrER--How do you propose to get the Erie
road under the control OF the Atlantic and Great
WESTERN
PROBABLE BALLOON ASCENSION.
MI. McHENEy-Itis not altogether certain that
tabshed is dissolved, the Erie will find itself Tin
W t9e IN pa Saio1nn relation to the
ern will be protected elsewhere.
REpoRTER-It is said by the old directors Of the
Erie Railway that the Atlantic and Great western
is deeply immersed in debt, and that 1t is for this
reason, II for no other that the fusion should not
be made, so as to saddle the stockholders OF one
enterprise with the liabilities OF the other Is this
true
THE TWO MoGULs ARE ALLIES
mr. M Hen " sir; but never mind; will
is that Mr.. HOman, OF Western Canada, has been
In New York for some weeks on business specially
has a large control. His interest, together with
mine, represents more than one-haf the whole
stock OF Erie; and, Notwithstanding rumors to the
contrary which have been published we shall both
work tremendously and cordially together in the
coming election for directors and officers.
Here Mr.. McHenry drew forth from pocket q
brief telegram, which was signed by Mr.. Homan,
and which he received yesterday. During the time
that had elapsed since the beginning OF the inter-
view Mr.. McHenry betrayed some nervousness In
his manner, but spoke with perfect calmness OF
tone and his habitual elaboration. Later his voice
was slightly husky with excitement, and impressed
the listener with the idea that in what he say
Ing much more was meant than met the ear"
Assldu0usly writing down his words, however, and
asking only occasional questions as he proceeded,
It was evident to the reporter that the main fea-
lures OF
THE COMING GAME
were by no means intended TO be kept secret The
CHIEF chief, actor was only troubled as to how much he
could divuge without imperilling the whole project
which had brought him back across the broad At
lantic.
TIE HERO or ANTIErAM
At this pause the door OF the outer ONCE In which
the two were seated was suddenly opened and Gen
eral Mcclellan entered upon the scene He was in
great hustle and hurry, and short OF breath with
climbing up the long stairs. He looked II little
reduced In cOrporeal exuberance by the sultry sun
" Wuhtuh Juhct hhu sceiucu hisO SOHcW CA- /
cited His cheeks. which have been bleached by |
the comparative case OF private life since the rebel
lion, were little pale and showed signs OF bilious
ness which must also be laid at the door OF the
summer weather.
He inquired eagerly II some one expected was
present or had arrived yet. Mr.. McHenry ana Mr.
Barlow, who had entered, both answered NO.
1T Is very doubtful whether ne win De mere ~
all do not expect him. Do you want 10 see me
now, General |" m .,,
ION, no, no. l Will walt I'LL you get Inrough
there.v |
is through, Mr. McHenry. -
Henry into corner where they talked eagerly and
G,ra houf ton Ininuiea A nQal