The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-06-28
lHc EoIIV"InB c"oio oHO"5 VIC "lBHe5t "Hu lo"o0
prices Of the principal stocks during the day.


The recent arrival in this city OF James McHenry,
T. w. Kennard and other magnates Of the Atlantic
and Great Western party has diverted attention
afresh to the subject OF Erie and the approaching
election, which is to be held Wednesday, July 10.
Naturally Wall street has jumped to the conclusion
that the advent OF these gentlemen, and OF
JAMES M'HENRY
in particular means timely interposition OF their
influence at the election in behalf OF their favorite
corporation, which, without Erie would be moth
ing, and, with it, would be-well, the result in be-
nefcence Is almost incalculable Those who are
familiar with the history OF the Atlantic and Great
Western know 1t as great
QUAGMIRE
In which were sunk millions and millions, not only
of greenbacks, but of "good pounds sterling man."
drained from enthusiastic investment seekers and
fortune hunters here and on the other side OF the
Atlantic, the mania for its shares and debentures
having been an episode in the financial history Of
Great Britain, when the enterprise was headed by
the luckless
SIR s. MORTON PETo
the great railway contractor and bridge builder,
whose presentation Of an army Of 'navvies' to the
Queen for a sudden emergency in the Crimea won
for him his elevation to q baronetcy and WIDE
spread business fame, which gave him and his firm
a monopoly of many important contracts in Europe
and America. His tour through this country six or
seven years ago, when Mr. McHenry was the active
superintendent and manager OF the Atlantic and
Great Western will be remembered for its lavish
banquets and magnioquent speeches, the oratorical
part of the display being calculated to give the i'm
preston that the
"a. AND @. W."
was about to absorb all the railway lines In the
country. These initials and the subsequent col
lapse of Sir Morton Peto and his corporation
caused good-humored paraphrase OF the title
Of the road by the country people along Its ne who
to this day frequently read the letters A. G. w.
R. R. on passing train as the
"AIRTIGHT AND GREAT wINDY'
Railroads. spirit of ridicule which have already
seen evinced at the Stock Exchange in the comical
Interpretation Of such railway initials as &C. G. 4
l. c." ~. P," Up NJ" and others, Pacific Mail as
Perpetual Misery" being. perhaps, the wittiest OF
these efforts on the part of the "bears" with whom
such epithets usually arise Just as the one applied
to Atlantic and Great Western arose with the
residents on the line Of the road, who without
knowing ''bears also for the that not being
possessed OF stock, bonds scrip they like to see
the road depreciate.
THE OFFICES OF THE COMPANY
In Nassau street, with their menagerie-like CON-
partments separated by iron bars and wired
screens, presented no unusual stir to-day and the
CieTks were quictly euSdkcu dt IHeiI usudl dVOCd-
tons. Mr.. McHenry is the guest Of Mr. s. L. M. Bar
low and has spent most OF his time in company with
that gentleman in sundry visits about town. But
no special action seems to have been taken as yet,
at least far as has transpired, in Wall street.
THE PLANS
for such action as Is to be taken by the Atlantic
and Great Western party in the Erie election were
arranged on the other side previous to the de-
parture Of Mr.. McHenry, who comes, therefore,
simply as an agent to carry out such instructions
as he has been intrusted with, being at liberty to
modify his course Of procedure as his discretion
shall decide or direct In an adjoining column Mr..
McHenry tells his own story to the interchangeable
interviewer" Of the HERALD, and gives very ex-
plict account OF the present situation of the rela
tive interests OF Erie and Atlantic and Great
Western.
SALES AT THE NEW YORK STOCK EXCHANGE.