The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-04
THE ERIE RESCUE MOVEMENT.
The New English Movement 10 Rescue the
Erie Railroad from tho Hands of Fisk and
Gould Circular OF the Shareholders Pro-
tecyiOn Committees.

The New English Movement 10 Rescue the
Erie Railroad from tho Hands of Fisk and
GOuld-CircuIar OF rho Shareholder Pro.
tection Committee.
From the London Times. Dec. 1871
circular just issued by the Erie Protection Com
mittee calculated to add to The satisfaction of tue
shareholders at the new movement IN favor OF their
interests lnauguraued by Mr. McFIeAry and Messrs.
BischO1shelm & Goldscnmldt The committee are
prepared 10 give that movement their support II
they should see t, so soon as they SNAIL have been
made acquainted with everything that Is to be don e
put meanwhile they complain that Mr. Blscho H.
shem has not disclosed to them the plan OF opera
lions. The good intentions of the committee are
unquesuonabe; but the simplicity that ouid lead
Them 10 suppo Q an exposure OF plans and the IN.
curing OF the risk OF u possible wrangle over
Them to be the best way OF proceeding In
case like the present tends to estab sn the feeling
created by their operations during the past two
years. that they are not the men TO deal with
Messrs Gould and Fisk. AS to the discussions OF q
committee being Kept secret those who would place
any reliance upon such possibility must know very
little OF pubic life. Finally, the committee appear
to furnish a further example OF a want of saaaci1y
by wrestling ron It's true purpOrt o statement re-
his position as agent OF the Atlantic ana Great West
ern Railroad might at any moment become incom-
patibe Win his remaining member or the Ere
committee. The only meaning any persons not de-
slrous lmputng disnoaOfable motives could put
upon this statement would be that Mr.. Bischoifs-
neim's connection with The measures successfully
IN progress Tor the rescue OF the Atlantic and
Great Western might place him totally at variance
fruitlessy conducted with regard TO Inc Erie.
But the committee ciumslly assume tnat his aims
by possibility Invove wrong IN any quarter but that
he may have interests In one direction which wOnd
lead him TO n]are those IN another. OF course
tlOn than to convey sucn an mputatiOn but IL Ia
Impossible TO read their circular IN any other light,
and the careessncss thus exhibited may be taken
as sample oil the too frequent results OF commit
tee' work. The case stands thus:-Mr. Mcilenry
and Mr.. Biscnonsheim nave Just succeeded IN res
cning from the grasp OF Messrs. Could and Fisk q
property OF almost equal amo1nt 10 that O; the
Erie, and have placed 1t under the control OF n
direction second TO none Tor influence and respecta
bl''ty IN the United States. The interests OF
relative pcs,iIon must be Identical ana an orer Is
consequently made to perform similar service Tor
the latter undertaking. Not Shilling Is asked IN
the way OF contribution, and all the labor and ncces
sary RISKS OF The struggle are undert AIKEN from the
conviction of the general benefit to result. ana from
York and twelve or fifteen millions OF English
property from the hands OF rogues The Protection
CommilIee. on the other hand, after taking con-
r,butlon OF anout 425,O00 for necessary expenses,
have failed dming Two years in arrcstng for
now only able to nold out the routine hope chat
somelning may be done during the spring" And
not only have trey laed to arrest me process
Gould and Fisk, by whom and their con-
iederates the proceedings instituted have through
out been treated win utter ridicue. with the
plea that the affair was SIMPLY one which was
taxing the regular course OF law. Can the share
holders believe That, If The struggle the case OF
the Atlantc and Great Western Company mad been
under similar management, 1t would by this mo.
| ment nave been in Inc position now attained. and
is It the wish of The PROJECTION Committee thwart
| the contamination tney have themselves been
OF aching Notwithstanding to Chem or OF interfering
with anything they may nope tor I'm the spring."
and by attempting to stand Ia the way OF other
Efforts tney can but 1gure as new and involuntary
allies OF Messrs. Gould and FISK 1f they have
any douot as TO this view OF their position. II will
| be their duty at once 10 call pubic meeting OF
their constituents. Untn they distinctly avow It,
no one Will believe they intend to play the part Of
| Obstructives. or that the tOnc Of the subIoined
clrcu lar Is to he taken MS expression Oh their real
views RESOLUTIONS, but the interests involved
less incOhciont than that which they have thus
0nered-
EH &c coysn,gg1rr
circular addressed to the shSreho ders Of the Erie Rail.
Messr and oseh@ 2Sesa Gentlemen mnn
kswy b, M sr states that ns
schmidt WI not be IN any way 70 the action
the contrary be Directed to Tie veiv end that COMMITTEE has
IN view Assuming this latter statement TO be correct Is
Bischosheim while member OF the ntee, did
s sn need cd aa w S now
AND have at all times been reaa 70 n any move
the interests shareholders THIS disclosure
which might urged knowiedse Of The proposed
On The sh SSse@Ser ssi Mr. sent in his
RESIGNATION on the grounds that hs position agent OF tho
become incompatible with hin remaining member tho
comm ee." From this 1t would clearly appe
that the interests of the Atlantic West.
crn Railroad, with which Messrs. BlschoR-
shelm and GoIdschnidt and Mr.. Mclienry are, as
wei known, intimately connected, may at any moment
incompatible those of the Erie Railway pro-
peiors Whenever the details of the proposed
thoroughly known the committee viii he prepared
give their support II they satisfied that It is the
vantage Of the nterests con1ded TO them TO do but,
the meanwhile think the Ere shareholders should very
carefully consider before giving In their adhesion
scope which has not been explained either
the the shareholders, and WHICH IS promoted
BY parties who, Mr. BischoTshcm sates ct any
have interests incompatible with their own BY
OF tina Committee. W. A. MICHAEL, Secretary.