The New York herald., 1872-07-08
ERIE Reform.
The Erie Railway Election
Tomorrow.
A New Board Of Directors To
Be Chosen.
A IA M e Ell cotton.
James MciIenry and the Interests Of the At
lantic and Great Western Railway.
The Act Of the Legislature Under Which
the Election is Held.

fortunes OF ErIe The election Is to decide whether
great American railroad, which has been brought
to the verge OF ruin by clique of knaves shall be
redeemed by honest and capable management, or
sink to still lower depths Of infamy There is but
one great organized party in the field striving to
obtain the control OF The road and the election will
therefore be comparatively tame.
Indeed, from oil indications 1t will be
somewhat one-sided affair. Mr.. James McHenry,
representing the powerful combination Of the
Atlantic and Great Western party, with the entire
English interest, holds the great game in his own
hands. Mr.. ellison H0man-perhaps the largest Of
English shareholders-is actively cooperating with
Mr. McHenry who Is quite positive in his anticipa-
ton OF victory
Ever since his arrival in this country Mr. Nc
Henry has almost exclusively devoted his energies
to the task OF forming
NEW BOARD OF DIRECTORS
His principal care avowedy is to serve the inter
ests of the Atlantic and Great Western Railway,
OF which he ia director, without detrlment to the
Erie road and to insure an honest and efficient
management Of the latter After many conferences
and negotiations, in which Mr.. McHenry, Mr.. Bar
low, Mr.. Charles Day and one or two other gentle
men belonging to the inner circle OF the party took
part, new board was agreed upon to be presented
for election 1t Is comprised of the following gen.
tlemen-
Mr.. Schuchardt Mr.. 8. L. M. Barlow,
Mr.. John j. CiscO Mr.. BaDCOck,
Mr.. w. b. Duncan, Mr.. X. V. l.. Pruyn,
Eight more gentlemen have been named dlrec-
tors put as they have not yet sgnied their accept
ance 1t would be premature to publish their names.
mas been offered the Presidency, but his reply has
In conversation with Mr.. McHenry the writer
inquired what truth there was in the sensational
article arts t published 6y morning paper announcing
COMMODORE VANDERBILT
had been offered, and that ho had accepted the
Presidency OF the Erie Railway.
Mr.. McIlenry replied:-It is all
MOONsHINE
There isn't word Of truth in 1t. The president
and directors Of the Central are prevented by law
from holding like position in the Erie Railway.
Mr.. McHenry here stated that even Jay Gould had
rendered his submission to the coming order OF
things; thathe had sent his
PROXIES
for TO- 900 shares, with letter. In which he offers,
in addition to his proxies his moral support (wlat-
ever that may be to the combination presented
"Here is probably another Illustration of the
French saying, Les t0ups ne Sc nnanDent pas entire
tu1,"' thought the writer, and straightway
"Does not Gould surrender his proxies in order
to concliate your party 80 that he may be left in
Every likely. 1t Is pretty certain that
GOULD
has some such object in view, but the surrender Of
proxies will make no difference. He will be prose-
cuted all the same. We are bound to continue the
suit for our own Justification to prove that we had
Erie"
@ $50 you are going to make him dissore those ten
1--WE viii make him disgorge as much as he has
wrongfully appropriated.n
The following Is the law under which the election
Is authorized and ordered to be heidi
AN ACT relating 70 the Erie Railway Company, repeating
S Of anf Of FIX Erie nr R 1S
ns s cas c Of ns Of s
held hereunder and ordering new election i9r full
people s" Of Ss State York in
and assembly do enact & As M " anon,
sS;Ss ssfs ct IS ss%pss
1SEs Ses ehser
9 the LAYS hereby repeaedG G 50 far, far as relates to
and isIss rs
SPs %
be
be held a. t%e once q ne Tre aSysy GS@pany 8 sSs
& Of
mated writing BY the chie Judge Of the Court Of AZ
$ssEnstsd pIass hg, pssS;
ana" De sS 's
stock holders Of said company shall be entitled to vote
shares held BY them rssges,ysly spSe, to & he regus
receiving the highest number of votes at such election
following the said second Tuesday July and hereafter
!sr tie siseiSn shall he$ Inc
m % hSd N & o one e @
second Tuesday in July No nanc9n ct @ shall be granted TED
Sc ED
next nor sh. an be granted m @ to any
Pf or To exercise the Fight Of voting On such stock
OF Ss s @ c he % scs
section the transfer books OF the said in which
stock ledger edeeTs containing the ohe stock
holders Of said shall at all tines % daring aes ss
open at the office OF company the examination Of
ali the stockholders and of their respective agents or
esanaicn V on I their II 6shalf respecvey and Shall
s S sssrarS S OF Of nS & ssp al
such times have and keep such books open 70 such cxa
oneS as sS
to them respectively ell reasonable facilities Ior such exa
and m s eHps a IN or Of S or
q s Ss to ae fpes s
aggr,eyed thereby Of s agsnt Or r. ha ,,d be @
SIC 4The transfer 9ooss Of said ccmpany lo sne
ofJane next OF the usual hour o. business on
that day and shall remain closed un aier the election
no op m sSe Sa TO
either P m or by psss n e a ssd c on
The day above hxed for the closing of the trans ans
% Se sSh %s the rss% s% s e %eds a
the laid d hs keen open n ns a WSos
Of Of lsa saSh SIS per ns i the usual hours
business shall freely permit all persons n"n, Us stock
fer Of the Stock REPRESENTED hereby executed by the
person in whose maine such stock stands regisered on ~
PRESENT such ccrcats ana power Of a,tornSy a.
e q said % sas a5 s"es S ss
company books in accordance with the suihor-
such ss SnS deliver %d 's 10