The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1874-05-02

THE POWER IN NY HANDS
to make the President OF Erie. l went to Van.
derbiit and offered him the Presidency OF the ROAD
and several others. l asked him then who wnn,c.
be good man. 1.-The best In America for the nosi
Peter Watson" never saw watson n saS SssrS s
OF him IN my lie. but he became President OF the
ION n1 what condi Conditions asked the reporter
mo conditions at all" said Mr.. Mcaenry. "It
was never true that asked TOR lease OF the Erie
Western at that time to Mr.. watson. But thought
such man would act rightly BY as, and, while
Of s9s was sns na
Please s s0 me Atlantic and Great Western IS you
THE NATURAL CONTINUATION OF ERIE
and one ID almost necessary to the other, but more
particularly the Atlantic and Great Western to
aAnd have you been completely satisfied with
MI. Watson's course towards your ROAD since he
has been President OF Erie ~
IL have not He Is honest, and means well.
have not the slightest DOUBT; but he has grown so
afraid OF this howl which Gould sets up every now
Atlantic and Great Western that Watson actually
OPERATES WITH OUR ENEMIES.
turns backward. There can be no doubt that the
Atlantic and Great western Is necessary TO the
no 'an
the present Board lack actually the courage TO
carry II out, though they know that II would bo
afraid OF what Gould may say, and this weak
hearted policy is adhered to Ia spite OF the evident
interest nnn,, OF 6oth roads whether tns VIII ias
care not the present Erie Board under some
obligations to you besidesY
"Mhen the Erie coup detat had been accom-.
plished the new management telegraphed to me
Ss ne was sem empty MS
the temporary dilfculty, and after that
PLACED CONVERTIBLE LOAN
and at price which American securities never
commanded before which Melted them ninety-hve
roads not working harmononsly together at all,
when they ought to be in perfect accord. lately
Raread making with the Hsantc
and Great Western and the Erie continuous line
to TO-, the e,,n extreme s West; Wen now 4 the
its mind to cooperate with us shall simply take
my 1000 miles OF road and make bargain with
somebody else, In which case the Erie would be-
come
MERELY LOCAL ROAD.
This course, / believe, would be the ruin of the
Erie, but shall certainly adopt it II Something is
not done soon. The Atlantic and Great Western
Is the natural extension OF the Erie. but still am
now in negotiation with another party who wiz be
Who is that party'" asked the reporter. us it
THAT | cannot say. but Tom Scott il q smart.
wide-awake fellow and understands his business
matter OF an extension Of roads at present be.
cause believe 1t to be the greatest mistake In the
world that the present railroads do not adopt
CHEAP TRANSPORTATION,
and yet under the present system 1t is impossible.
The railroads here seem to be the natural enemy
them. A man cannot make contracts for carrying
for any length OF time ahead, for directly the rail.
s Of 81 ss s s1S %
do. Iwould take contracts ahead for ten years az
oon Ssat Of TRUNK sSn n per nel %s asa the
sale operation, for Is oil nonsense OF the rail-
road men talking about wear and tear and all that
sort Of stun. railroad rOtS out a. quickly
when 1t Is not used It out when 1t Is. the
endurance OF steel rail u incalculabe, so that in
the Erie, would run, II necessary. $50. II would
cost so much more than not running them as tho
coal costs. Now q bushel Of coal carries 800 tons
one mile, so that you see at
ONE GENT TON PER MILE
what profit can be made. II Is ridiculous to
now. The problem OF cheap transportation can be
solved by the present trunk lines, especially the
sS!sse s1 g sSs country .Ss. e ssa:
s ans S the Um ny
gf s ours ns
'n It oered thsm, a and the rates remain tn:
same, the shipper obliging the merchant and Utce
versa. both being hand in glove. Rates are
When % = was here with Sir morton norton Pssc
Saes Of our should sent to New York By sSs
railroads for one cent mile per ton, while &C
a TINE ssS nays Ss saF :o q re
BY the railroad managers at that time, and yet i
70 ~ Se Of Y
con what terms are you at present with M.
, .,Frlepaly, of course; but we do not see things
PAINFULLY OBSTINATE MAN
and AFRAID OF what people say. Now, don't care
q threepenny bit what people say 50 long as know
am right But ne really, as ! said d, before u 30
s 70 s right as IS P SoSa into 3 hands 70 e
back into Erie, and have not much doubt that
HE WILL YET SUCCEED,
to the eternal disgrace OF this company for II he
,nr0Ss ,Se q that road it win not
"What is the object Of your visit this time y,
asked the reporter.
ern either to another party or to give u to Erie.
The Cleveland, Columbus and Indianapolis win 60
and Great western shall force It's way to New York.
! have had to light for It's possession long
Il nS% WITH my proess
would lnaugurate system Of cheap passenger
lines carrying person for IS from here to Chicago.
Such course would cause an emigration West
greater than the whole immigration from Europe.
The poor people VINO want to go West now cannot
but cheap rates would cause such an emil
grafton, and would do the cities OF the
dan not ppo1
are things which are practicable and have been
proved 50 IN England WI, where the r ts have
they make by ii. 1t is, by the way singular tact,
and one could never understand, that
THE WHOLE TRAFFIC. OF THE FOUR TRUNK LINES
is not equal to the arrival Of emlgrants from Eu.
rope. Where all these people 60 to can't under
stand.
What do you think, Mr.. McHenry, OF the accuse
tions of Dunan concerning the accounts OF the
Erie road
81 have been assured that they are correct In
every way, and do not believe that these books
have been falsifed. AS for the statement by
earning Of Erie 1t is simple ne No such word
was ever in these statements, and Q railroad
president would have been crazy who would have
asked
ENGLISH SUPPORT
on such statement However, the English &C.
Everything is to be open TO them, and the
mere refusal Of the smallest paper then would ruin
Erie In the eyes OF England. These people belong
OF Torquand Co. and Quilter, Bali 4 Co. There
have been good many cartons feeding on Erie,
and don't say they are all gone yet And by the
way, might mention here that we last year, to
help Watson along, gave Erie total discharge or