New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-04-22
mlttce nor did any of the members Of thassbOdy receive
MINOR TESTIMONY.


the Presidency Of the read a thorough exam
inaton OF the hooks was made. and II then ascer
tainod that the earnings large enough to declare
both dividends this second posting was totally different
from that made by Morosni.
C. c. Clark testified that he had been Treasurer oil the
Hudson River and NewYor Central road for the past
two years he was not aware that any payments had
been made to Barber Van Vechen, John b. butcher
nv that railroad amounts paid weekly TO tie latter
person on a cattle contract, hut TO other amount was
paid him 10y the road except $1,000 for hotel eXpenses az
Albany no money could have been paid without MS
knowledge aud be positive that $4,000 WAS never
paid William II. Vanderbilt or any one else, for legs
ative expenses 70 defeat the Pro Rata Freight bill he
had stat emcnts In the newspaper that unuStai
amounts Of money mad been spent az Albany Dy the
Company for legal expenses in 1872 but had no 0ther
Giovanni p Morosni testified that the surplus Of
5000 which, he had preyousy.s resulted from
an estimation OF the earnings the first six months Of
1872. remained after the - per cent dividend on pre-
ferred stock. In answer TO question by Mr. Boiow as
10 the reason OF his leaving the Erie road, the WIT
ness replied that he resigned because President watson
desired him 20 become spy. This led 10 some severe
remarks from Mr.. Barlow.
TESTIMONY OF HORACE T. CLARK.
Horace f. Clark testified that he had been IN the rail-
road business for 10 years. and had never had any con
nection with the Atlantic and Great Western Railroad
Company, but had general knowledge of its affairs,
past and present, matter OF railroad history he de-
sired the Committee TO understand that his testimony
was by no means positive, nc had recently had 10
transactions with either the Erie the Atlantic and
Great Western the best Of his knowledge and belief
however the Atlantic and Great Western Company from
ITS reorganization. controlled by McHenry and
other EugIsh capitalists, and they had the
credit of also owning controlling interest in
the new corporation lie supposed that the majority
OF the stock Of that Company and the Erie owned
nv McIIeurY and BischOfshem; he supposed also that
the stock of the Atlantic aud Great Western Railroad was
worthless with or without its connections he would not
accept it as gf under the diminished rates of freight
he did believe that the Atlantic and Great western
II road with its heavy grades can interest
lis dc
WAYS alarming; gross earnings nave increased some
what but by no means in proportion to expenses
that the result has duinutOn Of net earnings IN
witnesses opinion legal expenses are properly part
of the operating ana the construction expenses; II
would be more proper his estimation TO charge fuel
burned TO construction account than 10 80 charge legal
expenses the former does add little TO the ballast
OF the road 10y filling 1t n he did not believe taking into
all the expenses that the Erie could De operated
as eheaply as tie Lake shore Railroad ,.,.. J.. a.
price paid Tor coal by the Lake Shore road compared
with mat paid bv the Erie, with view TO proving the
fact that difference in the pce OF coal would render
the running the Erie much less But AS an Offset
To this Mr. Cln maintained that the wide gauge OF me
Erie would than Oyerhaance the cheapness OF It's
f.cl question asked the witness in relation 70 the
present directors OF the ROAD drew form long ana some
what animated discussion between Mr. Barlow and HIM
self Mr. Clark shown the list OF directors aud pro
ceeded 10 give his opinion OF eseh III regard 10 thelr
fitness for positions Gov. Morgan one OF the
very best men IN the word, but the witness did not
think hc had any substantial interest IN the Ere N
fact, II was not probable that any member OF the
Board had large moncyed interest in the road
lie thought that Messr>. Duncan aud Barlow were the
two leading and controlling members of the Board, and
they were operating III the interest OF the Atlantic ana
Great Western Railroad. MI. Barlow asked him II he
thought for moment any one could control or influence
MIR. watson against his better Judgment ana ne rtphed
that he 0ld moi Tue list comprised the names OF men OF
high standing ana unbenshed integrity aud he thought
they seryceaDc, as headlights are 10 engines.
Mr.. Barlow then intlnated that he could prove that
one OF Two directors OF te Lake SlOie had !ol sOe e
been SNORT" OF STOCK MI lark leplled that II nc
could do So which lie very mu doubted, and would be
good enough TO mention Tue names OF suSh directors
they would be directors OF thdt ROAD no longer. MI
BabcOck VI the Committee saw 10 relevancy IA the dis
MIR Barrow proceeded 10 point ont iu detail the
peculiar reasons for which each director OF the Erie
lnended By Horace +. Clark; Mr.. Lansing had been
chosen because 1t was necessary TO have director at
doubted integrity and above suspicion; Mr.. Bryne
suggested as beng an Acknowledged oppnuent Of Nc
beng considered well TO retain III office III least one or
tTo OF the ola Board
TESTIMONY OF r II. WATSON.
F. H. Watson. President OF the Eric Railway. in reply
questions asked by Mr. stickney testified Idd not
tel MIR. shearman that a friend OF Gen. Barlow had
been TO me aud suggested that would be thing
in consequence Of the rendered by Gen. Bar
low TO Company, 70 give him general retainer OF
$4,000 aud that l peremptorily declined; know Mr..
shearman stated that said so, but have no such
recollecton have recollection OF any conversation
with Mr.. shearman of that characteI; reference
was made by me 10 Of $4,000, which
was said 10 have been paid TO Gen
Barlow by Gen. sckles, and which afterwsrd ascer-
but for distribution among counsel engaged IN compass
ing tie overthrow of Gould; said tnat had heard
terms and suggested that resolution touching the
payment OF the money TO him, together witt Gen. Bar
lows letter III explanation thereof, should 10 entered
upon the inmates the Board Of DrecOTs the entries
were made and you request shall produce the min
aud the letter; DO not remember to nave mad
any other conversation relating 10 other counsel Tees
indeed did not charge my memory with rttOieetnei
10 one suggested that shou4d pay Gen. balo" fo'cV
To GEN Barlow-I never had any connection with You
l4Ua Hoo nn fI4f
Gem. Barlow will refresh your memory 1t appeared
on the Looks of the Enc Railroad Company that re-
ceiyed $1,000 for services rendered When learned OF
fact wrote you explaining mat the money was not
for services rendered. bat Tor dlsDurseehi specifying
the disbursements Is that sol
TO MT IAncoln-No one suggested TO me that it would
the interest OF the Ee 10 retain Cen Barlow nor
that he was emitted to compenoaon because t OF any
have recollection Of any such conversation as Mr.
suearulAn states took place between HIM and me-
TESTIMONY OF C. il. TWEED.
Charles II. Tweed lawyer, OF the firm Of Southmayd,
choate Tweed, was called by Gen. Barlow. He testi-
fed: I remember being at Ger Barlow's house one
evening in April 1872; time in the Of the
afternoon, Mr. southmayd handed me this letter:
NEw.YoRK, April 8. 1872.
NY DEAR SIR: Some one from Gould Is coming 10 see
me this evening 10 give me some valuable Information
which may influence me in the suit have an idea 1t
may be some release given by the Company. want a
witness 70 be present. Can't you 10 my house at
quarter before or stop here before ~ to-day II you
can't come VIII you send young Butter or como trust
worthy person from your object Answer Yours,
y. G. n.
Office of Barlow Hyatt olney, Counseors at Law, No
u ParkTOw.
The Witness-Mr. southmayd said that he had
engagements which prevented him from going, and he
requested me TO go; went TO Gen. Darlows house
Itle before o'clock that evening after arrived
Mr. Hayes and Mr.. Beden came IN Mr. Hayes spoke to
saving al the same time that Mr. Beden authorized
TO speak for or represent MI Gould Gen. Barlow then
Introduced them TO me- stating that he bad engaged
~ attend and that / was in his confidence
., parIov asked IL Mr.. Beden was not