The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-13
ERIE AND ITS ENEMIEs.

Interview with MIR. Barlow-Tho Guess
ton Of thc Retirement OF Certain Direc-
tors Looming UP Ominously-Whi They
Sell Out the New Dynasty as They Did
the Old '-The Proposed ReOrganiza-
tion OF the Boston, Hartford and Eric
Road.
A good deal Of excitement is lust now becoming
manifest regarding the affairs OF Erie and now SEN
saons looked for in this institution, which has
hitherto been SO prolific Of them. The last one,
f0reshad0wed by persons who appear now to have
been far too ardent in their belief Of vague rumors
Is that which was circulated on Monday to tne
effect that several designations were to take place
in the Board OF Directors at the meeting on Tues
day. The retiring members are said to be those
who were connected with the former and defunct
administration OF Gould, who, In the throcs
OF repentance, had been taken into tho
arms OF the new, on promises OF reformation and
faithful service These gentlemen were Otis,
Hilton and White. The public were disappointed,
however, In the fact that their designations were
not made as report presaged and the prsfessed
confidence Of the other directors in their integrity
and utility was loudly reasserted. The appoint
mcnt Of the special investigating committee at
Albany to examine the charges OF illegal use Of
moneys made against the Board of Directors has,
however, added to the interest now felt In the
matter and there are earnest intrigues on foot
whose object Is tho solving Of the mystery which
surrounds the recent revolution In the gigantic
railway corporation. 1t hence becomes probable
that the question OF the retirement OF certain OIL
GERS OF the company who were identified at one time
with the old dynasty is really at this time moOted
and may In the near future be strongly pressed to
an issue. In an interview had with him yesterday
by HERALD reporter, Mr.. s. l.. M. Barlow ex-
pressed sentiments OF this character, although in
mild and cautious tone. He said that the chief
cause Of the beginning Of this new movement OF
''referm" was lack Of confidence among the
stockholders OF the company in the stability OF
Messrs. Hilton White ana OTIS devotion to Its
interests; that 1t had been often remarked that
they had sold out one party when misfortune over
Swallowed it, and might sell out another In this
there was good deal OF sound logic, and Mr.. Bar
low was not prepared to say that the subject was
remarks indicated O belief to the contrary.
In regard to the latest action of the Assembly,
he said that as he had often stated BEFORE he and
the other directors were ready at any time to sub
NIT the books of the concern to the inspection OF
all the investigating committees 1t might please
the representatives OF the people to send to Them
There was nothing IN their late transaction that
they wished TO conceal.
Regarding the resignation Of Vice President
DeVn, it would not he ga ID, take effect until about
the middle OF April and there was ne decision yet
made as to the name OF the person who should be
his successor. They wished to have some one in
the place who was thorough and cnterprising
railroad man, and whose education and abilities
would tit him for the performance Of the onerous
duties which would fall upon him in advancing the
interests OF the corporation. ~
The argument relative to the foreclosure of the
Basten, Hartford and Erie Railroad under the Ber-
dell mortgage was proceeding yesterday IN Boston,
Lane representing the Boston and Erie road and
Mcfarland the Erie. Mr.. Barlow stated that a
number o. stockholders, representing over eight
millions OF dollars in bonds had consulted with
HIM in reference to reorganization, and had re-
qucsted him to prepare plan for the accomplish
ing OF that end that he had not done SO yet and
could not until matters were in a different shape
and certain conditions were fulfilled.