The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-12
THE LAST REMNANT OF THE RING.

SucrWOOUS
says the Directors WAC Resigned Were
ROught-A Long Fight and War to the
! Kuiie.
Henry Sherwood, one OF the last remains OF tho
"Ere Ring,n who Is director that has not as yet
acknowledged General Dix as President OF the road,
was met In the corridor Of the Grand Erie Ollces by
O representative of the HERALD, and the following
conversation took place:-
"What is your explanation, Mr.. Sherwood, OF this
astounding business ?"
THE ERIE RING DIE HARD.
"It is the work. Sir, OF the Atlantic and Great
western Railroad Company, without doubt. 1t Is
q very unexpected attack; but one which can be
easily traced to ITS source ana Its causes ex.
plQined." ..
"HOW was II brought abOutT'
"By some previous arrangement the majority Of
the meuDers OF the Board sold themselves TO the
management OF the Atlantic and Great Western.
The meeting was called by them; WhereupOn, III ac-
cordance with the preconcerted plan, they imme.
dlately resigned. The gentlemen who We're already
selected for the purpose, and were deeply ia the
interest or the Atlantic and Great Western, were
appoates in their places and Mr. Jay Gould was
"Ihen it was entirely movement against Mr..
Gould 2" -
THE 'TRAiroRous DIRECTORS
"Exacty. The leader Of the tiaitOrOus directors
was Lane. He, 1 think, negotiated with the men OF
the Atlantic and Great Western and perfected the
arrangement"
"IIad TINS arrangement any connection with the
wishes Vi the English StOCknOuef5Y"
"NOt In the least OF course. In TACT, 1t is to their
interest that the Erie Railway should 10 kept out OF
the control Of the great trunk road"
THE ENDS IN VIEW.
''Because the Atlantic and Great Western owes q
To pay of Its own debt 1t would bring into requisl
tion the rich resources presented by the Erie RAIL
way Tor the abuse OF the public's pockets. There
Is no doubt tnat as soon as the Atlantic
and Great Western should obtain control and
possession would raise the Of tariff at least
tftV per cent on the Erie Railway ana in tnis wnv
Cypress heavily the inhabitants OF the southern tier
OF counties who depend upon the road as their
homes and the METROPOLIS. Five millions OF dollars
would be thus taken annually from the industry
and wealth OF tnat section, aud that would be an
immense tax"
'Tnis, then, makes the plans Of the Great Western
people
with the people, OF whom tile road Is actually or
Of whom 1t should DC the servunt2"
Eyes, SIR; and 1t Will be found a very difficult
matter to usurp MIR. Goulds rgntful authority. the
people are strongly In favor OF his administration.
Tney have recently held meetings all along the
track with expressions OF appreciation aud Of con.
fdence In the old management"
"There Will undoubtedly be
A GREAT CONTEST
over the actual direction OF the roadW
eyes, sir; from the tact that Mr.. GOuld's moral
influence with all OF Its employees very great. He
says, and do not doubt IT, that no has Ia his pos
under him, working near the Inherent stations along
the road, In which they express their Intention Of
Soeyg no other authority "a ib nan S So you
enemles.n
"What are
THE VIEWS OF THE GOULD PARTY
In relation TO the action OF the Great western
ENTIRELY ILLEGAL. on, OF COURSE.
They think tnat everything that has been done
to-day Is illegal. The meeting OF the directors was
not called In tile usual or prescribed way 1t should
be called by the President; 1t was called 10y a ma
9ny Of se directors re Then TOO they aisobeyed
Ihis VIII probably, then, be the beginning Of q
"Yes, SIR; 1t will go Immediately to The courts.u
"Howi Wlll the Gould party get an injunction
Immediately against It's opponentsr'
ayes; and tnen there will be
ENuAERABLE COUNTER INJUNCTIONs.
IL Will be long Dght."
What will now be the course Of those who have
Oeen 1av0rlng the repeal OF the Classification act Si
WHERE Is MY CRAFTY
III VIII De to their interest ana, perhaps, to the
would secure an early election, when the share
holders, VINO nave had, IN fact nothing at all TO say
rectory as would exclude both the old onicers and
tnUse VINO are u0w trying to usurp control Mr.
Gould may Join with the English stockhoidcrs in
terest
ONE OF sHERwooD's YARNS.
"What was the nature OF the ayr cement OF the
resgnlng directors, do you know ~
. IL nave no positive knowledge; but | have
worth OF the stock from the men who have taken
their places, with the provision that after lie new
S,lectSy was July insaed doubtless tonight the
and Great Western, either BY sale or nv long Ieasew
THE ATLANTIC AND GREAT WESTERN AGAIN.
All oi the directors elected to-day are In tho In.
terest Of the Atlantic and Great westcrnr'
'les, think 80. General DIX and others arc |
large owners OF that stock; General George IL.
McClennan Ia the Presdent.u
WILL THE GOVERNOR INrERFEREY
'H0w DO you think the war Will endgn
81 think that Will result In the same way az did
the trouble about the Susquehanna road which
you remember. There Will be some actual conflict
OF authority In the administration. there may 10
night and bl0odshed on the track, or even at the |
Office In New York. Together with the liLlga-
latl0n In the courts this VIII increase the |
exciting nature OF affairs throw the man.
agement into dire confusion and incommode |
the public and cause much loss the shareholders
Then think that tho Governor will step in and take
charge himself as he did with the Albany and Sus- |
quenanna. The road can still be kept In running |
order while being quarrellcd about In the courts
where the contest may possibly terminate one way |
or the other after long time but not speedilyu
This ended the conversation. Mr.. Sherwood