New-York tribune., 1872-02-29

cause It helps their interests have known Mr. Lucius
Robinson for many years ana 40 net snihk ne under
vOcate OF principles utterly dishonest and shameless.
In asking his measure OF relief we have not
pulled from our pockets statements made up by
knows who but Of aSSe 9Ss laid before be ore
Erie road II happens that our case rests on
in the shape Of ffs eoHcy OF 81 %
capital account and they have used entire income
of this road for four years ana made produce nothing
Goud-and we enabled TO show you that the only
authentic account we have s so utterly H false Is made
ports the nctiOus amount s6Ooo This is confessed
MT ' shear@anwiii the gentlemen assert that this
f66 600 sold at par MT S0nthmayd-No, Sir II
e S ssem a the the E
pany which no is allowed to see they send here
knows who. and voucked for by nobody Mr..
Shearman-These figures setting aside tho construct
ys e%s Se only account furnished c
false, fraudulent and fictitious. and the statement
no marks Of authenticity 1t is absurd to this Com
mitee accept that statement for the account which
that of this increase is in bonds mortgage bonds
In legal proceeding last Summer It was shown that the
Company Issued of these mortgage bonds
Then we have 81 100000 5000 for the first
OF bonds issued, and 100000 OF new mortgage bonds
which we're a lien on this road
jay Gould comes here and says we are not en-
titled to know what the assets consist OF. We are
only the owners OF this road and we nave no right TO
inquire about our own property. These shareholders
are not, however only Englshmen. There upward
of $60o0o0 owned by Americans but OF course II ls
not right that should want to know what has become
OF our moneys Do these books and accounts belong
10 Jay Gould and the directorsi What they
but stewards, bound to render an account OF
their Stewardship. They said, perhaps. If any Legsa-
ture demand to know what we are doing, may give
them some information but as for you stockholders and
owners of the Company what right have you to know
ANYTHING about 1t The Committee will bear in mind
that these people took possession of this road when
had capital OF s25 1000 earning 100000 net income,
BY their own showing they have added to the
income and sold at So and the sSS produced
and sold 80 Whether this state of things from
dishonesty incapability We have right to AJAX you
for change We don't profess to be in doubt which il
is 1t is combination of both; claim that this mis-
management, which begins at the head, Ii carried
through all along the line.
AMENDMENTS TO THE CLASSIFICATION ACT.
The following amendments to the Erie Classification
act submitted to the Judiciary Committee Of the
their session this afternoon, and referred by
them for consideration with the bill:
of "S' s court S Ss S ApS 'lI Sa % ''t aD,
S ssSsa. S Sh0' the d' m Rv sl conSs C
Company treasury and actually and 10 good faith expended by
. S fsSS s ~B q % sS isSe 5
The time they as I ana a. S % es
Ofsad Company shall be limited value
Of he amount PAD 5y ,ss ana epeaGed BY S 6o@Rsn
shall be pad the outstanding stock Of the Ene
OE Company representing m proportional determined
BY said commsoDeTs aieI said eCHsSn haI have made
the Re Railroad Company has been determined The Tates on
% 50 regulated and restricted no. public requiring
the Of road % pay interest Or dividends on monsI nov I
pointed shall have power to send for Psr.Gs and pgets administer
whatsoever required purposes Of this
It is estimated that under these aInendme9ts the CAPT
about Onehrd of the amount now outstanding and the
annual saving the people along IT'S line would be nearly
sOoOOO when dividends are paid on the stock OF that
Company,