New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-06-28
THE ERIE STRUGGLE TO BE RENEWED

THE COMING ELECTION LIKELY TO BE CARRIED
IN THE INTEREST OF THE ATLANTIC AND
GREAT NEUTRALITY-SUSPICIOUS. AND PUkfosES
OF PROMINENT OPERATORS.
The approaching election for Directors OF the
Erie Railway which will talre place July Is already
exciting great attention among those interested IN THIS
important thoroughfare. The rumored union OF the op
posing English parties, represented by mchenIy anu
Bschofshelm, and The London Protection committee 10
believed to be incorrect, and the contest Tor the eoho
Of the road is still undecided The steamer Russia
which arrived on Tuesday night, brought 10
this city James McHenry, Charles boy, L.
w. Kemard T.. L King, Geo. Crouch, ana
several other person supposed to be interested
I'm the MANAGEMENT of the railroad The general impress
sion is that the Bschoasheim party hold majority OF
the stock and will accordingly secure board Oh Ilehly
directors but it is impossible at present to speak dell
nely on the subject and the result Of the election may
prove that the contrary is the fact In conversation yes
terday with TRIBUNE reporter, Mr.. James Meheniy
stated that he had hesitation in expressing his opp-
ions concerning Erie affairs and his connection there
with The Bischoffsheim party Mr. MeHenry says was
not formed purposes Of speculation nor 10 become
large stockholders in Erie. Mr. McIenry himself never
having bought sold share of Erie, until WITHIN SIX
weeks when he purchased some 200 shares The Whoie
movement according to Mr. McHenry, for the pur-
nose of protecting the interests Of the Atlantic ana
Great Western road, which ever since 1t was bat mas
been under the harrow Of the Erie road The WorK was
beon some two years ago. after the Atlantic and Great
Western had been leased Erie and II was discovered
that the owners had swndled by Gould and FISK,
and an injunction obtained from Judge Barnard
signed by him while leaning against lamppost'
placing the road In the hands OF receiver Ihe success
of the sickles movement has brought TO the VctOIs
majority OF the stock. Mr. McHenry said that he held
in connection with Mr.. Homan, one OF the new di-
rectors proxies for than 100000 shares or more
than half the stock and in Of need can produce
the shares themselves. 1t is the intention TO elect
BOARD Of Directors who will see that Justice is done 20
the great interests OF the Atlantic and Great Western
Railroad as well as 10 the Erie shareholders The former
road has a splendid traffic and OF great Importance TO
the Erie Road both for its local trade In passengers ana
freight and as furnishing avenue TO Cincinnati UP
70 the present time the Atlantic and Great Western has
eIways been used TO its own disadvantage for the BEN
eft Of Erie. There are at the present tlne nNe com
Dettors striving this route and the stOckhod
ers of Erie must make up their minds either to give
nstice to the Atlantic and Great Western or 70 lose It,
exnected 70 "pro rate" with the Atlantic and Great
Western, mile for mile not TO use the rolling STOCK on
the latter road to ts Disadvantage and to facilitate It's
passenger and other traffic precisely as they DO the
own Nothing than this will be asked and nothing
less will IL is not intended 10 allow the Ata-
tic and Great Western Road 10 be used 10 ure the Erie
Road but simply that the two roads whose Interests are
so closely allied shall Work tremendously ana larry 10
gether. 49,, A..
Heath and Raphael are the representatives wa hOt
formed the purchase OF stock, but simply to guard
attempt Erie by legal means from Gouds CON
troll by rule of the London stock Exchange no Erie
stock could be sold unless the certificates had attached
10 them the ticket Of the Protection Committee IL IL said
that old Erie Ring Issued simulated tickets as well az
fraudulent certificates OF stock and thus kept the London
market flooded and here where the Protection Com
mittee failed in accomplishing its object The report
that any Of the gentlemen OF this Committee have had
any dealings with Gould looking TO combination to
secure the control the road, Mr. McHenry says,
utterly absurd The character OF the gentlemen Is such
that impossible they should entertain such
idea for moment. Gould may attempt TO make com
binatiOns, but he will fail
Mr. CeTke, Chairman Of the American Protection Com
mittee, said yesterday that the Committee still
watching the interests OF the road and not without some
hope that the coming election would result for the bene
fit of the stockholders Tie Indications at present seemed
that the Bschoishen and McHenIy party controlled a
majority of the stock but IL would not be known
tainly until the election He confident that how
the election mg ht terminate, the future would show
that the action taken by the American Committee, and
those acting with them, the best Tor the interests vi
| the road.
MI George Crouch stated he had returned 10 at
tend the election, and should what modest influence
change in Erie management he has been in London, and
says he has the best Of for believing that the
design OF the BschOshem party to get control OF the
road for the purpose OF saddng IL with the Atlantic and
Great Western Road TO the great advantage OF the lat
ter The intention is, he said after getting control Of
| the extent Of $sOOOOOO or $lGOOOOOO and
afterward to consolidate the two roads.
In order 10 possession Of the road Bschohshen
purchased largely OF the stock at high figures, but much
Of this stock after being transferred, has been sold
again, and cannot be voted Mr.. Crouch thinks the
opposition 10 the BschOfsheim party holds controlling
interest In the stock, and that IL viii carry the coming
Qh4sflO I'd N I'm "A DonHh ard nf HiYsgf