The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-07
THE FIGHT FOR ERIE.
Disappointment at the Failure OF the Committees
to Report-senator Wood on the Side Of
the NEUTRALITY-SUSPICIOUS. OBrien's
Bill, with Amendments, to be
Favorably Reported.
ALBANY, March q. 1872.


Much disappointment was experienced here to.
day because neither the Railroad Committee OF the
Assembly the Judiciary Committee OF the Senate
presented reports to their respective bodies on
the al-absorbing subject OF the Erie Rail-
road. It was universally believed last night
that both committees would report this
morning, because further delay would be
considered not only dangerous but fatal TO the rep.
utatiOn Of those members OF both committees who
sustain the cause OF the present management Of
the railroad. Mr. James Wood, Chairman OF the
Judiciary Committee OF the Senate, has at last
succumbed to the pressure Of public opinion and
has concluded to support the Repeal bill pre-
pared by Mr.. Southmayde and presented by
Mr.. O'Brien in the Senate. This determination was
made known to-day and consequently Mr.. OBrlen
refraned from introducing the resolution which he
made up his mind to introduce to taKe the subject
out OF the hands OF the Committee altogether.
The Judiciary Committee held an executive scs.
sion this afternoon tMr. Allen, who is ill., being the
only member absenp to come to q final decision
concerning the report which they would recon.
mend tomorrow for adoption.
SENATOR OBRIEN's BILL TO BE REPORTED FAVOR
ABLY.
After considerable conversation they decided,
unanimously. to report substantially in favor OF Mr..
UBriens bin. with some amendments, which, now.
ever VIII not change It's character materially The
repeal OF the classification act Will be
made to apply. not to the Erie railroad
only, but to all the companies and
The report will recommend the retention OF the pro.
vision which prevents director In the company
from being O director in another. All the other
material portions OF the bill will be reported favor
ably, except the section which provides for de.
posting the books of the Erie Company
In the hands Of trust company.
Another amendment made by the committee
provides that the Chief Justice Of the Court OF Ap
peals, without the Assistance OF the Attorney Gen.
era shall appoint the Inspectors Of the election for
directors which shall take place in July, as pro.
vided in the bill.
THE OPPONENTS OF ERIE
are in great gee this evening at the intelligence
that the Judiciary Committee had unanimously
agreed to report tomorrow in favor OF the
main features Of Senator o. Brien's bill. The
Railroad Committee OF the Assembly was to
have had an executive meeting this evening,
but The House being In session the meeting
was postponed until an early hour tomorrow
morning. 1t is understood that no change In the
position hitherto assumed by the friends OF the Erie
Ring on that committee has been actually Effected
but It Is believed that wnen the mai vote comes to
be taken at the secret meeting fixed for tomorrow
morning the majority OF its members viii be found
to favor the Soutnmayde BILL which, with some
amendments, Is to be reported to the Senate. The
friends OF repeal assert that the delay OF the
Assembly committee in reporting argues favoraby
TO- the interests or the stockholders because 1t Is
hoped that by tomorrow some members whose
position has been shaken by the storm OF public In.
dgnation may be induced to come over to the side
OF those who have all along been in the minority on
the repeal question. Though every one was disap-
pointed that the subject was not reported on to-day
IL may be considered longer doubtful that 1t viii
be out OF the hands OF both committees before
both houses tomorrow morning.
The Repeal OF the Erie Classification Act.
From the Albany Journal republican onnclal Or
gam March g.
The Erie Classification law must be repealed. But
The Legislature should 20 further. 1t should not
merely repeal the Classification act, but 1t should
make the most thorough and effective provision
for the full and free expression OF the stockholders
The repeal OF the obnoxious law will insure new
election. But that Is not enough. To the full
measure OF justice Is necessary that the election
should iairy reject the Will OF the rightfnl owners
VI sle Ilgntui STOCK. IL Is OF little use
~, u,, 70 through the forms II the Ring,
WHICH nrst perpetrated Its fraudulent con-
troll by extending It's TERM snal now perpetuate
~ IL, oy iawlessly seizng or still more lawlessy
man uiacturing majority OF the stock Wnat
ousnc 70 DC provided Is fair honest election by
tne Tue owners OF the property. Ii the Ring actri.
any own the greater part well and eood-iet them
have the control But II they nave deirauded The
real Claimania AZ they hav va S,ead shot. ny