New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-01-26
TIE OPPOSITION TO ERIE ORGANIZE

TIE OPPOSITION TO ERIE ORGANIZED.
THE ENGLISH AND AMERICAN CIVILIZATIONS
PRACTICALLY WORKING TCGETIER-ThEIR
PLAN ABOUT TO BE DEvELOPED-PECUIJ-
ARITIES AND INFAIY OF THE ERIE RING
MANAGEMENT.
The Erie Ring attempted TO MAKE coed use
OF the unfortunate death of James Fish jr TO distract
attention from themselves and their fragrant abuses Of
their great power. and for time the crusade against
them seemed 10 have come to halt Eu appears tat
the stockholders in opposition TO the corrupt Ring. which
ruins the road the individual benefit Of is directors
have busy in combinations and that the great and
final struggle in the Legislature is at hand.
Still some confusion u views seems to exist concerning
these different combinations Of stockholders who are
working for reform In the management Of the Erlc Road
The various parties Known In brief as the American
Reform Committee represented in this city by Messrs
ClerRe, Ma1loy, ard Williams prominent and influential
members of the stool, Exchange, which excludes Eric
from Iis the London Protective Committee. better
known this country the Heath and Raphael party;
and the McHenry, Atlantic AMI Great Western party
The Heath and Raphael combination represents about
half the stock OF the road, and Las become familiar 10
American readers through tine expensive and
long-continuej litigation Of the past two years,
which IL was compelled TO undergo by the most high
handed outrage to which the State judges Of EewYork
have ever lent their assistance, ard which has Just TER
minated IN the return OF the S0cn property ny orier OF
the u s. Court. It natural That the attitude OF tho
Heath and Raphael party should be one OF upcGmprOms-
hostility toward member OF tie present Eric
management IL desires to sec inc road taken froin the
hands Of sarpers ana placed under The control OF those
who financially interested in fts welfare, the chief
object being TO make the investment paying one. In
reply to the insinuatons OF she Erie managers In their
petition to the Legislature, these gentlemen cay they do
not know who have greater interest in the road,
be likely To advance is prosperity than those who
American movement It's representative Mr.. John swami
has held frequent consultations with the American Com
mittee, and in the attacks 10 be made at Albany
against the present Ring, the English and American Or
carnations will act together.
Is In lat
and somewhat unfriendy feeling toward the new En-
elish combination of which NJ James MclienIy is the
cndcT. The assigned for this feeling are HIs
that the party IL composed chiefly Of men more in
erestcd in the Atlantic and Great Western than IN the
Erie road and would naturally De DESTROYS chiefly for
the bel 1T Of the former, the success OF which would
be allowing branch road 10 control the main ne and,
second that ndubabe evidence has been received that
the McHenry party has entertained overures from JAY
GOul looking 10 his retention az one of the managers
OF the road The MclIenry party, however, deny both
charges and claim that Ike the other parcs 1t 10 only
DESTROYS securing the best interests OF the Eric prop
eIty and OF showing that road that sls0OGOO
a wear can make than $500 profit &c. A few
days viii develop TIC strength and intentions Of
all parties.
It's understood that the Legislature will be invited
before paying attention 10 Eric Ring protests against
Bish mouopolsts to investigate some of the pecGlar
ties Of Erie Ring management, by which the profits Of
lists and 1t will then discover WHO they that be-
been Unable TO declare dividend The broad assertion
has been made that there is hardly director officer
Of tho road who is not directly interested in come spccu
laon in which tho interests Of the road made sub
servent to the pecunary benefit OF the individual.
One of the greatest OF these swndes led indirectly TO
the late terrible tragedy by which Fisk Jr lost his life
the hands OF his former partner In the fraud. Edward
S. Stokes in prison Tor killing Fisk, owned oil
refinery at Hunters Point into which he induced
admit Fisk and Others of tho Erie Ring partners.
FONT stock formed and the shares disri-
buted understood that the whole consideration
yoyed in the admission or Fisk agreement that
the oil company TO be allowed rebate Of freight
al the crude petroleum brought the Erie Railroad
This rebate itself equivalent 10 handsome profit
the business but drawn VI course from the pockets
OF the Erie stockholders.
IL is also rumOred that tho Erie Road pays the Palace
or Sleeping Car Company five cents por mile for every
car which passes the road, and in this Company
Erie directors Interested This sum Is not taken
from the passengers but from the Erie Company, the
preext that II the expense vi maintaining by
the road The entire stock OF the company Is sad " DO
owned by directors and other officials OF tho road
The Union Steamboat Company on the Lakes offers |
another inviting subject. The beautiful boats William
NJ. Tweed, Jay Gould, James Fisk, jr., and Is. w.
said 10 De chiefly owned by the gentle
men for whom they named and other directors and
Jcers OF the Erie Road and the road Is said 10 pay
Inc Steamboat Company commission OF ten cents per
un all freight Received from them.
There current rnOrs also 10 the effect that similar
Rings TO the can be found In the grain
business every other promising branch OF business
hat the stone trade Is organized into what Is called the
Blue Stone Company, the stock OF which Is owned by
lie Erie Ring and the late Tammany Ring One Ring
made the OF freight Willie the other sold the stone
o The city M Tamnany figures. These ana many other
ni!ar facts which might he made pubic, aud arc well
Known By sncrl report ousdt to DC pohdored ny tho