The Jeffersonian. [volume] (Stroudsburg, Pa.) 1853-1911, 1872-03-14
Capital from Europe to be Advance,

Capital from Europe to be Advanced
New DIRK, March l1.-Tbis has been
day of great exitement to every one III
this city who is intcrcsed in Erie" mat
ters, whether diectly or remotely. Ar
riving at the Office of the Erie Railroad
Company at eleven o'clock this morning
| found a portentous stiffness brooded
over the building 1t was the calm which
precedes storm. Clerks were hurrying
to and fro, desks were deserted, old direc-
tors stood in little crowds whispering
slyly, and an air Of brooding danger was
in the atmosphere. The big front door
was guarded by watchmen, and all corners
had to send their cards to Erie officials
before being received.
"W hat is the matter p | asked Jay
Could
go, we don't know-didn't you see the
papers this morning ?" he asked.
"Yes and we came in to see when the
band was going to play"
"Well, wait till twelve clock, and you
will see something"
/ waited till twelve o'clock. For an
hour the Office was as silent as the grave
Mr. Gould was in earnest conversation
with Mr.. Shearman and David Dudley
Field, Dr. Eldriige walked nervously up
and down the room, and Henry Smith,
of Smith, Gould 4 Martin, showed his
greal anxiety.
At ten minutes past twelve there was a
hustle at the outer door. a party of ten
gentlemen pushed away the sentries and
were received By Frederick 4 Lane, the
old bosom friend of Fisk at the head Of
the grand stair case.
This party of gentlemen were as fol
lows: General john. \. Dix, General
| George b. Mcclellan, Attorney, General
S. NJ l. Barlow, William b Travers, Ii
L. Stebbins, Charles Day, w. W. Sher-
man, of the firm Of Duncan, Sherman K
Co. and Justin D. White.
These gentlemen advanced directly
through the hall to President Gould :
room, then passed in to the director 5
apartment Of the Erie Road, leaving
General Dix, General Mcclellan, etc, in
the anteroom. The following nine who
compose majority of the old directors,
ordered the room cleared, and commenc
ed voting for new directors Messrs.
Hilton, Simmons, George c. Hall, Thomp
son, II y. Otis, Archer, Ramsdael, Justin
| d. White, aud f. A. Lane
They sent for Mr. Gould, Mr. Sherwood
Dir. Eldridge and 1Ir Drake, who refused
to join the board. Mr.. Garrison, of the
old Board of Directors, was abesnt, and
Mr.. Sissons was sick.
As the directors were about to ballot
for General Dix, Mr. Shearman, the at
torney for the Erie Road, presented an
I'M junction against further action by the
board. He was pushed violently out OF
the room, and the injunction torn into
tatters.
In few moments Mr.. Shearman ap.
peared, headed by Captain Petty and
Iorty policemen.
"By what authority does Mr. Shearman
appear in this room with crowd of police
men" exclaimed Mr.. Barlow, greatly ex-
cited
81 am here by order of J. Gould to
preserve the peace-but am ordered not
! ~ lecOSulE luu SeBLiStneH.
You, Mr.. Shcarman, have no right
here-you nor your secretary" exclaimed
Mr., Lane, $50 take up your traps and
leave"
Mr.. Shearman did not stir, but ordered
Captain Petty to dissolve the board as
Illegal.
Captain Petty demurred, and in few
moments Mr. Shearman left the room
Then voting commenced. General Dix
was elected director, then General
Mcclellan, then VIM. b. Travcrs, then
Mr. III. G. Stebbins, then General Deyin,
then w. w. Sherman, Of Duncan Sher-
man & Co. After that the Board of
Directors had everything their own way
General Dix was elected president Of
the Boad of Directors OF the Erie road in
place of Jay Could
0. II. II Archer was elected vice presi
dent W. W. Sherman, treasurer H. \
Otis, secretary, and John W. Hilton re
elected railroad sP0rtation clerk.
Mr.. Barlow now offered a resolution
that Messrs, David Dudley Field and Mr..
Shearman be dismissed as counsel for the
Erie road This was carried, and s. L..
VI, Barlow was elected counsel in their
places, both for the company and the Erie
directors.
\ resolution was passed that the treas
urer pay no orders for money, and that
all employees of the Erie Road should
pay no attention to any one but PreSiden,
Dix and Vice President Archer,
1t was then ordered that every sub
officer of the Erie Road should be notified
of the resolution and instructed to disobey
Mr.. Gould or the old officials
Then the board adjourned
Mr.. Gould says their action is illegi.
innate, and that the new officers will not
be obeyed.
As Mr. R,rloNv wapt ont h. !