The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-29


.'well, wouIdIt trust lem. Dan Drew, you see.
mace neavy RISK yesterday. DO you tnlnk ned 40
u without some private lnformationf tell you.
gents, believe Drew Is merely cover for some or
dong My private opinioa Is that he is working in
the interest OF the Erie fellows AMI they Will take
care . snat ne does not loose his margin"
"Ihars very thin charley. Uncle Dan does not
siways come out right, and you know he makes
desperate ventures" salu one VINO had not before
OF $4,000 shares to Duncan, SHERMAN 4 90. needs
confirmation. I see II in no paper but the HERALD.
one anxious to affect the marketU
ION, now. 1t is nv turn TO laugh. Why long be-
torlous. Where was you that You didn't near itq
ne certainly sold that amount, and he did 1t know
ing lust what he was about"
The above win show the widely different opinions
held by '.Ihe stree" Some seem to adhere to the
idea that Erie Is destined ere long to again become
the hero OF the Meeting nOur, and many IN exDecta-
ton OF such an eventually, are husbandlng their
resources with view OF again stepping In and
operators yesterday seemed Indifferent 10 the
quotations, IL was worthy OF remark mat
have Sean mere o months asd or
the courteous Keeper or the door was kept
busy responding to the queries OF countrymen he
had never seen before as to the price or Erie. SO
many ruralistlc looking persons presented them
selves ar the door or the Exchange and inquired the
quotations 10 this stock that an ingenious fellow
VINO pr0wled about the door ventured the SUCCESS
ton that the applicants belonged TO the hay-mOw
ana cheese press party the last Legislature who
had been holding the stock presented to them by
Fisk ana Gould In expectation OF q rise, and had
nov come in TO DISPOSE Of Il at good figure.
already announced In the HERALD, has been fully
confirmed. 1t appears that Mr.. Drew. can supply
the stock any time within ten months; ana each
party made deposit OF $l00O,000 to bind the con-
tract, which has already been loaned out. 1t Is
bargain. and mas declined It, confident that the
stock will fall, and that he will be able TO realize
neeS he w1 1uacsn sherm ne
on Wednesday,.
English View OF tho Erie Collapse.
From the money article Of the London Times,
March IL.
The news regarding the measures adopted by the
New YORK Legislature on the Erie question Is salts
factory In Its intrinsic bearing the interests Of
that line, as we'll as on those OF the Atlantic and
Great western. 1t evidently lnsures the complete
overthrow OF Gould aud MS ederates ana that Is
the only point OF special importance Tor the moment
and GreaS OF ne Erie
Is apparently needless provision, since t Is under
stood that, according to the existing laws OF
than one railway IN that Srate; but as the Allan
tic and Great Western extends also to Pennsyl-
SO as to cover the whole line was probably con
sidered necessary. In any case the law must be
Us still cas e 81 a ns MAY
they can by personal restrictions protect the
management Of large enterprises whereas these re-
stricliOns Can always be evaded, ana serve merely
The further clause ADOPTED BY the Legislature. re-
be an American resident Dreathes Still more mar
row spirit. 10 the foreign shareholders the
nationality OF the directors will be matter OF In.
difference, SO long as honest men are seected but
IL Is dlscouraglng symptom as TO The progress
Of LIBERAL ideas 10 find aliens prohibited
from taking any part IN the management OF public
commercial enterprises, ana especially In such
as have been carried out mainly by their own
money.
Among the incidental facts which have trans
pired to-day by telegram Is an important one,
TO the effect that IL has been ascertaned the
earnings the Ere line during the past year were
So, GOO. QUO IN excess OF the reported by Gould.
The new organization stands as previously men
tl0ned:-JOhn DIX President, in place OF Gould
Watts sherman Treasurer, and S. L. NJ Barlow,
counsellor In place OF f. A. Lane while the Execu
tive Committee consists OF John A. Dix William r.
Travers s. L. NJ. Barlow, o. L. p. Archer and Homer
Rams dell, all OF whom, with one exception, are
pledged to purge the undertaking OF Gould and his
accomplices. who are now entirely powerless.