The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-01-08
E N Q L A N D
Meeting Of the English Erie
Protection Committee.
AMERICAN SHIPPING INTERESTS.
Cheap Telegraphic Communication
with America.

numerous meeting OF Erie Shareholders con-
vened at the instance of the shareholders Protec.
ton Committee, was held at the Terminus Hotel
Cannon street, London, December 10 (Mr. Ii. L.
Raphae In the cnalr, Tor the purpose OF receiving
from the committee a statement explanatory OF the
present position affairs.
The Chairman, In speech OF considerable length,
detailed the operations OF the committee IN insu-
fuilng criminal prosecution against the directors
and exposing their conduct IN petition 10 the
State Legislature OF New York. Elgnleen months
II appeared, had been expended In preparing
and fling the Indictment and giving the
defendants the necessary time to make
their answer. Evidence was now being taken
on behalf Of The committee IN support OF tnelr
charges, and he case was eApecte 10 be heard IN
the coming spring. In carrying on their operations
tile committee mad resolved mucn encouragement
from the tate political changes New YOrK. krie
ana iammany were two monsters OF Siamese
growth. Ianmany beng now dead Erie cOuid no
longer survive The New i0rk LEGISLATURE that
passed the Erie Bill ana gave The directors an
demn.ty Tor Their misdeeds was at ens n occupied
by a republican majority or more than two-thirds,
sufficient 10 override the vOies Of the supporters OF
General Hoffman the Governor OF the State who
sanctioned that notorious measure. Tne chamber
would meet early III January, aud IL was tn, avowcd
intention ol Tue republican MAJORITY ~ Stdni out
Erie as iney had SIAM Cd out Iannllny. Inc last
desperate effort oil the Iannan, ERIE party Was
BARROW, tne Attorney ueueral. IN tnis, however,
they hao not succeeded; tie Genera. was elected
by lalRe maJoruy, anu MIR. swan, lie committees
agent mus wroie on tne 24tn OF Novemoer:-' since
my last 1 have mad very satisfactory interview
win UeDerai Barrow, the new Attorney General
ana Ae expresses his strong uesire 10 give every
assistance IN hls power III our ngnt against Inc
Erie rug lac PROPOSES III MS Oilitlal capaci y,
to Di up the wDUlc Combination without respect
Of PERSONS ana he IL MilIug eiller To Cooperate
Win W., allowing us 10 proceed I'D Tue name Tie
people o. The state, IN wnIcn case we snouid EN-
phaticalV have the support or the party. or else
count, having ior It's OBJECT the removal Oi the
present administration" (LUuu cheers In
these circumstance Messrs fisx and Gould
might be resaruel Us ~ eErents. Doubt
less therefore, they would try save
themselves from tnelr w,r-L late. and 10 Tins eld
their game wuult be compromise Wnetner tney
would Try u with the Colnniittee was doubtful, be-
cause che, knew the terms woua be naru; uut ne
Was conhieul that they wOurI TRY II on WIN V,nsr
parties. During tile iasI SIX weeks he hau been
more cneeriui aDodt Erie aualrs than 1T any time
the last Two years. and lie ie,L assn, ed mat WITHIN
verv snorI period the shareholders would recover u
VaudOie rrUperty The cOninlttec LOOK no merit TO
themselves Tor the ha,y lurn uI affairs though IN
lisllce he Was DouLd ~ assers that they mad doue
theit utnlos. " Ir0mote the saren0dcts Interests.
eucu lawsuit woull iiis' grea, length Of time
In any county, Dut especially IN New lurk, wue.e
corrupt judiciary had hot yet expired. Ineir
ony reward. wnen they mad flashed tne,r
acn.eved success, ANA that reward Iney hoped
SOON " earn. 80 lar US 10 tue past; but II was
mainly Tor The consideration OF great present
danger mat the comnitr'e had deemed II inpera-
tive upon them " m'iie Tue attenaance VI me
u,
very day-lhe -4tu ul.--tnat they obtaiuea q valu-
able ally IN Attorney General barlow, they received
letter nom Mr.. Dlsch0n ,hein = ni.uscli member
OF the Comm ttee stating tnai, Us his pOsllIoa as
agent Vi the Atlantic ana Great Western hallway
might at any mo.ncnt DecUiue lncUm, ,atUle with
his re naming melnDer The CON iiittee, he
begged his colleagues 10 accept MS reslSndti0n.
1hat step Was speedily followed by an aunOunce-
meat Ia tIe newspapers that another coinDi 'ation
was UcinQ formed 10 reach the Eric 'rinx' more
eni.aclousy, anu taat announcement! was ac-
O.ders' Protection Conl.nittec. lheu iol owed
the letter Mr.. Mciienry. win wnlcn tney
were al. familiar. and IA winch u wa, admlt,e ed
that the new movement was SET on l0ot IN TIE III
terests vi the Atlantic a'u Great wes,ern Railway
well Us tie Lrle. That Nc Could not, ol course
conceal as II Was nOtoriOu, That he aud MIR. lis
chonsuein were Two ol ,ne most ihtcresled parties
III the Atlantic and ureat Western line: Then Mr.
Biscnpnsnein wus put forward as the agent Vi the
Ere ieJrganiLation; int out ol ieeliis ol com-
IassiOn his Lac c0caeucs he was not ~ be an.
fakonistc 10 them his elVrLs wOuld be directed to
the same cad they nad III view. Iul why was u
not said What END tnaL wasr object oil the COM
nlL,ee Was 10 urn out Fisk and Gou.d; OUT nc was
quile sure that that WAS the ann OF MIR. BIS
cEolislIeIu anu Ar. Mcilenry. Ine shareholders
were be congratulated .hL' The, we've moi W ue
SUBJECT 10 eli Ige UT tneie wa al tue same time
a strong mint thrown out that a large lee " ouid
have To he eXpenuei uiLlmatcly. IL was tLrlner
stated That the issue vi shares c0ninacI u
O,ernOw Ill restrictions placed upoa either ny tae
projection colnlnitce Or tue laws VI New YORK,
winch was slmpy not correct. Again, one para.
gipn set lorL That Tie legally o. Erie shares, l0r
wnicn certificates VIII NC ISSUED w Messrs Al, eno
sheim GUldscimidt. would not he cOnte TED.
TINS, he owned, he nnrdly Understood the meaning
VINO would Oh could con.est them excepi Messis
Fisk aLu Gouldt We're tneI, tne, tn iler that air.
Mchenfy mad pecn IN correspondence ON The SUBJ
jec, villa FISK and Gould. VINO nad oeen oplgIng
enough IL reserve tneir Iarti uiar exemption .Or
Mr.. Mchenly's cuLstItuenisy But then me idea Ut
heSalty need livc 40 tc,rors or TIE shareholders;
1Ur when al. Evarts, VINO was tue nOunueil Palmer
Of me IN tel States, WAS IN In land a lew mon,ns
sibce, he toid the committee that TIE New lork and
New taven kail ~ having ua 10 an overIssue Of |
been contested. II Vas decided py tue Juinee
that though The shares were Illegal the nOi,lers |
II Inc Erie shares were seq. rated he iileadl
would be more valuable IN n tue esa. mr..
Mchenry dld mol state what means ne Intended TO
pursue IN Urier 10 secure the OOeCL OF The snare
holuers. II ny law. would not The comm nccnent
OF proceedings de moro be loss OF d.neY No:
]. c,uIu o:lly TIC through q com rOini5e WIN Fisk
and Gould. lie did not say wnetues u compromise
Nouid be either un esir'pe or ueslraDlc; but II |
there com promise would not a commit
Ice com. osed entirely Of Ere Champion, be the est
Judges vi whether me compromise would be the
III me Ere; but he SAID tnaI he mad
undertaken The movement 10 the interest OF
botn the Erie ana tie Atlantic. Were they
sure tnat such an amaigala'ion would he well
managedr Would tue interests OF the two never
clash According 10 Mr. Mclleury himself the Erie /
revenue Tins year dad been 90, O.JUJ but that Of
the Atautlc was only 500. 1000. wncD wOad make
~ very utIicult ilr them for OuS time 10 pay ne
Interest ON the wnvle OF tne.r mortgages. What,
inca. seemed u ne the iuducrmeni these gentlemen
Dad Tor enccting sucn an iallaulditouf II ,ney
succeeded III entering INTO an arrangement for the
WitndraNa D. FISH ana GOud from Tue erie d,Iccs
WW, aney Would ihen have ne Auantc aud treat
western Board ready 10 lake their aces aud carry
90 the EIie kaiway. aud tuat BoarL would De
able 10 encct an aipulganlton between tire
Erie and Ailauuc Companies Nv which
shares TO the amount of $4,000, 900 IN Inc
latter when were next to worthless. would ue
nalgama,ei win thu>e OF the ior,Ber, anu the
Ellie Ue obliged ~ lake the wnole bonded dev, OF
the Atlantic. lie did hot mean 10 saw M. inIs was
gong % be or meant ~ ue dJne: lie only men,ioneI
" 20 pvi;ii cut tue danger oi curdsing their
a1airs TO men who mad interes's oppvsei " their
own.
ON the Chairman resuming MS seat, Mr.. @. LEON
PROPOSED as a res0, uiiUn-
Thai meeting, having beard Mr.. Rapbaers statement,
The Prolecon uumittee 10 continue their esertons
beuali The IRE sinai shoiders.
The InAIRMAN hoped Inc proceedings would be
conuned " tie object Tor which the meeting was
"A