New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-07-09
LOCAL MISCELLANY.
TIE ERIE ELECTION.

TIE ERIE ELECTION.
l1RCTINATIoN OF GEN. DIP. II. WATSON THE
PROBABLE PREsIDENT-THB BISCHoFFsHEM
AND HEATH AND RAPHAEL PARTIES IN
ACCORD.
The election for directors OF the Erie Rail
way Company will be held to-day at the Grand Opera
House. the polls being open from 10 a. M to 2 p m Inc
Governor, state Controller and AttorneyGeneral have
appointed inspectors OF the election Henry Nichols OF
New.York James " Matthews OF Buffalo, and George
J. Magee Of Watkins. Ever since the arrival
Of the English capitalists from abroad there
has been constant series Of caucuses and meetings
of those having controlling interest In the ROAD 10
scuss the approaching election and the character ana
expedency Of certain candidates These caucuses, and
the uncertainty which attended them rise to con-
siderable discussion and agitation in financial circles
Nearly all tho leading railroad Of the country were
mentioned in connection with the presidency, but ell
at fault, for mono OF the persons tnus
mentioned viii probably be the successful candldate'
On July the presidency offered to the present IN
enmbent, Gen. Dix, who declined it, as the following
correspondence shows:
NEw-YoRK, July 8, 1872.
Gen. JONI A. DIX President Erie Rdsi'cag
DEAR SIR Representing large majority OF the snare
holders of the Erie Railway, and their behalf we
have great satisfaction in thanking you most earnestly
Tescung their great property those who had so
long misInanaged it and perverted It's revenues Inc
movement in which YOU took prominent part has al
ready twenty millions Of dollars to the market
value OF the property OF our CONSTITUENTS.
We beg ask your consent TO remain at the head OF
tins Company as its President.
As now engaged in forming Board 10 be pre-
sented to the stockholders on the 9th inst, an early
answer Is desired by, very faithfully yours,
gibson HoMAN.
SAMUEL l.. NJ BARLOW.
PRESIDENTS OFFICE, ERIE RAILWAY w, y, GoMrASr'
GENTLEMES; have received your favor OF the Sd
inst, and beg you acceptmy grateful
of the kind in which you have referred to my
connection with the management OF the Erle knlway
and Of your request that would remain at the head o
the Company as its President
1t would give great pleasure to accede to your re-
ferests of the stockholders. But have other occupa
tons which cannot lay aside and which would prevent
from giving TO the affairs OF the Company the uhul
VIded attention they require.
IN it's management with earnest desire to correct
past and 10 make this vast and valuable properly
a. profitable to the stockholders as it and ought to
be has been peculiarly gratifying me- and the disso
luton OF my connection with them IN our existing reia
tons Is a source Of sincere regret. Renewing the ex
preston of my thanks, l am, gentlemen, very truly
Messrs. James McHenry, ellison HOman, and Samuel
J.. NJ. Barlow.
Alter GEM Dix had declined it became necessary to
find another VINO could assume the duties and re-
sponsibiites OF the Office. Gen. McClcand was Sc
lected but, after TOO days discussion, II was
resolved TO select somo one else as he
would be obliged TO resign all connection with the Allan
tic and Great Western Railway of which he Is PRESIDENT
IN order 10 become eligible 70 his new ONCE under the
resolved 10 select the Hon p H. Watson exAsslstant
Secretary Of War under President Lincoln and more re-
"Nr Watson win probably be elected president am
almost certain in my mind that he will be elected
bly, be elected" such the information that lead
ing director of the Company gave TEBUSE reporter at
late hour last evening When questioned IN regard 10
the rest OF the ticket the gentemrn said that the publ
cation OF the Of the Otner directors and officers
would be premature. The reporter inquired II the fol
LOWING the ticket:
p H. Watson, President new A. s. Diven, Presi-
dent, old W. b. Duncan, Treasurer new; :. L. NJ Bar
low Counsel old; John A. DIX, old w B. Travers, old
wetmore Cryder old G.. Holman, old; l.. II. Greene,
Old; j. j. Cisco. old; Charles Day, old f. W. Schuchardt,
new John Taylor tombstone, new; r. D. Morgan, new
J. " l. Pruyn, new; G. I. Ohphant, new Samuel d.
The director said: eyes, with few exceptions but
declined 70 give the exceptions He expected ta there
would be opposition, the BschOfshem and Heath
and POphael parties were in perfect accord
affairs in the Interests of the London Protection Com
ittee. stated that the basis Of the arrangement be
tween Messrs Blsehafshein Goldsmith, and Heath d
Rapesel, was the nomination OF suitable Board OF
Directors by ,6 the ,a former party to Doru be
tied agent in this city, all the stock in which they were
interested. BschOffsheim and GOldschmdt alleged
10 have also deposited with Mr.. Romans an equal
amount Of stock documents representing stock to be
voted upon by Mr. Romans he approved OF the names
These have been approved, ana u Is not expected
that will any opposition, the united English
stockholders believed 10 have an overwhelming ma
joTty shares Should there be opposition, it
direction Of the Erie Company, who appeared to have
decided leaning toward the Atlantic and Great West
said that after the Erie direction was duly in
stalled II would make pro rata arTangement win tne
Atlantic and Great Western whereby both roads would
lie operated for mutual benefit He said that
there was no doubt that the Leading Oihclais
Jay Gould would have 70 give up their offices, but
that tins would be done hastily to the injury OF
the Company These men would surely 20, and their
places would be filed by other capable men.
The numerous rumOrs In circulation regarding Erie
affected the price OF stock unfay0rably the price de-
dining 50 55s simultaneously with decline in
in the afternoon TO 464 against &c! 10 A. in the
morning subsequently the price rallied on the New