The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-02-28
THE ERIE BLUE STONE" RING.
A Blue Stone Field Purchased at Port Jervis, N.
T., for $500 and Stocked at 81, 100000,
AL Inside of Week-How the Stone
Operators Are "Chiselled'' Out
Of Their just Profits by the
Erie Ring Thieves

Erie has been prolific Of "rngs' for the last five
years since the 'ate lamened" Fisk took charge of
that company and It's very unfortunate stockholders.
Erie has nau It's "Opera Ring" It's "Oil Ring" Its
steamboat Ring" It's "Wall Street Ring" and now
1t has "Bue Stone Quarry Ring" which is just as
fraudulent toward those who have invested their
money In shares OF the Erie Railroad as any Of the
other numerous dishonest schemes which have
made the word "Brie" synonymous with fraud
and treacherv. few years since. when James
Fisk Jr, was in the full enjoyment of the plenitude
OF ms power, 1t limited to him by certain specu
lators who thought that they had found mine Of
wealth In blue stone quarry, which Is situated on
the borders OF the States of Pennsylvania and New
York, near Port Jervis Fisk, who had mania for
doubling in all things seemed well pleased at the
SUGGESTIONS and the land was bought Tor merely
nominal ngure-aDOut five hundred dollars. The
tract was q large but useless piece OF land, and
Fisk soon owned the majority Of the shares. In one
week this $500 dollar piece of land had been
stocked to the extent Of 600, and shortly
after work commenced on The quarrles. Blue stone
Tor The tagging OF sidewalks was taken out in great
quantities, and was taken down on the Erie Road
and delivered at tide water at Jersey City.
The milk in the cOcOanut now begins to leak
through. ring was formed IN the Erie road,
whereby certain NUMBER OF men should entirely
control the transportation OF TINS blue stone, III
immense quantities, to Jersey CITY, at merely
president OF the stone company, and another man,
named Fletcher Kllgore, VINO had been poor
quarrymin IN Ulster cOunty-WhoSe assets did not
amount TO $4,000, all told. and who has since made
over 500 900 by this transportation OF Stone-WaS
made the right nand mau OF Fisk IN this manipuia.
ton. Klgore the chief agent In this monopoly,
and he Is now the owner OF magnificent house
at Passaic, N j. Each stone car coming down the
road carried ten ton OF this blue stone, at cent
and half foot FOR 1relghtage, which was really
swinde on the Erie Railroad Company as all out
slders who had reason to transport stone from the
vicinity Of Port Jervs were charged at the rate OF
three cents loot to Kingston, N. Y, 100 miles above
1t slOops to Jersey City at additional charge OF
| two cents loot, which altogether amounts TO
| five cents q loot, while the stone ring, inside
| of the Erie Railroad Company, now managed by
! Jay Gould Il Co., are now transporting the blue
stone in enormous quantities to Jersey City at cost
OF only one and nall cents per foot, which is q
sure and unmistakaDe loss OF three and half cents
who are never allowed to manage their own affairs
| by the vilanOus combination which controls this
rich and powerful property. There Is great excite
ment among the blue stone manufacturers in this
city, and builders who fnd 1t Impossible 10 compete
with this ''EIie Blue Stone Ring" and 1t Is said
| that meeting will be held In q lew days OF the
principal men engaged In this trade to devise means
| his 'StOne Ring" may be OvertnrOwn, and fair
rule OF fregnage established for the transportation.
| TWO hundred thousand dollars year-a very nice
! little sum OF mOney-drOps into tie pockets OF this
| 'StOne Ring" over and above their expenses and
| the evil Is growing daily, so that the blue stone
men have at last made up their minds to resist Mr..
| Jay Gould ana his associates having been en-
| bOidened to make fight principally by the tre-
| mendOus assault made on the Erie cOnpirat0rs by
| the HERALD.