The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-06
THE ERIE WAR.



The rumblinRs OF the storm which. 1t is said. 10
about to burst upon the present management OF the
Erie Railway does not as yet seem to affect those In
high positions In the company. visit to their
office discloses no unusual excitement and
the Erie magnates wax their mustaches.
comb out their short ana long COATES. wear their
hobby clothes and smoke their fragrant Havanas
just as they formerly did, and, from their retreat
smile at the English bondsmen who are engaged IN
making war upon them and ask them, compla-
Gently, what they 'going to do about 10 ?" Boss
Tweed's Resignation, say the Erie people. was good
thing for them, for It helped them to stay the
"Ring' cry OF wolf ana saved them from asking the
"Boss" to do just what he did voluntarily.
THE ERIE PEOPLE ARE JUBILANr
for several reasons. The nrss they say, Is because
the late report of their President has 'knocked
spots' out OF the insinuati0ns OF McHenry b
Co., that che company never intended to declare .
dividend at ALL The Erie folks say that they have
now got the road into the finest possible condition
and therefore the millions they have for years been
spending upon re-equipment OF the road In re-
laying it with steel rails, In the build
ing Of necessary branches, In the estab-.
fishing of new ferries and I'm the
erection of new ferry houses they can now use IN
the payment of dividends. They are comment the
Erie stock has touched the lowest figures and that
another New Years Day will 1t at least nfty per
cent above the rate aI which 1t is now selling. OF
course these are Ere assertions" but the company
officials say they have data for the above caloula
tons. and are willing to ''put up ps" on the
certainty OF their assertions being carried out
ERIE AT ALBANY
is all right say the Erie folks. They feel perfectly
safe, and declare that they are willing that Bar0
should look into their affairs as much az be chooses
All we want, say they Is justice, and II we are
n a N.
suit. The company, however. complain that the
present statute, which specifies the manner IN
which the directors shall be voted for Is incOrrec
and should be repealed and altered, so that direct.
ors for railroads may be chosen IN the
tons. This, tine Erie people contend would results
In having the road managed by the legitimate
tend. should be subject to the same test and then,
II the real stockholders OF the road are not satisfied
with its present management Inc Attorney General
can step in; otherwise he ought "to mind his own
BUSINESS
ALONG THE LINE OF THE ROAD. st
the Erie officials say there Is great deal OF excite
ment regarding The intelligence from the ''seat OF
var" The people, as general thing. are greatly
because, they fear Ii the Engilshmen get control q
the road they will run IT on the selfish Johnny Bull
principle. that only Engshmen ought to be trusted
to carry out English ideas. AS con-
sequence, the people fear that a. large
number Of the present employees would be dis.
charged to make place for the Engshmen's friends.
Over this good feeling along the line OF the road the
Erie officials are highly delighted. and point to 1t as
road has been managed TO those who have lta
workings under their very eyes. Already, the Erie
magnales say, petitions are being rapidly signed
by che inhabitants OF the cities, towns and villages
along the road, praying that the Legislature will
adopt no measures tending to embarrass the pres.
ent managers Of the road or looking to their
removal Large meetings. II Is also asserted, are to
be held by the people along Tie road for the pur.
pose OF endorsing the policy and management OF the
present officials.
ACTION OF AMERICAN STOCKHOLDERS.
Al a meeting OF the committee OF American stock
holders OF the Erie Railway. held on Wednesday,
the Sd INST, the recent movement set on foot by
Messrs. BschO1sheim and MctIenry in the interest
OF the Atlantic and Great western stockholders
was discussed, and the following resolution was
passed.
Whereas the committee of American stockholders the
had their directed to the recenl
combination of the stockholders IN the Atlantic
and Great Western Railway Company, represented By
Messrs Bischoshem and McIIenry OF London and have
to believe that OF the Erie Railway
in the interest OF the Atlantic and Great western road o.
any compromise with present of the Erie Ka
would detrimental to the prosperity Of the
main limo,
Resolved, That the committee the American
stockh oders to withhold their confidence from the above
named Atlantic and Great Western combination and frou
all having for their object the benefit OF outsdd
railways, the maintenance in office OF part Of the
present OF the Erie Railway. any movement
Bile with the direct interests of the Erie Railway.
W. b. CLERKE.
REUBEN MANLEY,
A. d. WILLIAMS.