New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-08-14
ERIE STOCKHOLDERS APPEALED TO.

ERIE SIOCkiOLDEKS AffEAIIED ~.
THE PROTECTION COMMITTEES" CIRCULAR-$l3,-
OOO.O 900 or STOCK REPREsENTKD-PLANs OF
THE COMMITTEE.
The Erie Protection Committee of New
York, which appointed at a meeting OF Erie stock
holders in this city July 90 has held frequent sessions
lately. John Hooper, President Of the Colwc Lead Com
pany at No 213 Centrc-st, is President and g. A. Hol-
linger, who IL with the firm OF H. X. ThIrber Co.,
ZIG Readest. is Secretary The first step taken was
TO secure q complete list OF the stockholders,
In order TO reach them by letter or circular.
Communication had with several persons bankers
and others who yet decline to give their names for
publication and the result is that The Committee
claims represent S6OOO0O0 of stock held In this coun
try and So 900 COO held abroad Under this days date,
Aug IA, the Committee issues long circular to the
shareholders giving succnct history Of Erie. The fol
lowing are extracts:
In evil hour, the socalled coup doo OF March J.
1872 resulted in placing the line his (3alows
con rol. as the representative ana counsel OF the
ernciQue. This event was followed by series OF dend
ing prOcamaons issued from their editorial bureau that
the day Of prosperity had dawned Erie was IN none
hands Shareholders were To receive regular dividends
The public Journals teened with fallaelous teiegrams
aud announcements Praised for falacios ana den'i-
ing promises II benefits 10 come, our trustees were
led or controlled by sehemers who winly ana TiGa H
Their incompetence, fraud, or mismanagement ha,
almost destroyed the marketable value OF It's shares and
brought TO the of ruin one OF the greatest and
graniCet
personal gain. by the spreading of Fries connec,
lions thronghout the WeSeSn states thG , i OF OF
lous prices of mountains Of Wild socalled coal
York and Erie and other stocks cxorbita prices the
payment of excessive and unnecessary salaries; the
other acts Of they produced e present
situation. Chartered rights gave them no more author
road stocks or essecs Of railroads throughout the
Union than for establishing mills, nsnufactories,
hnf. and NIL
they controlled the line they have needed moneyno in
IT but se1 Sao o! New York and Erie
stock to sell 81 80 for 800 share IT had coal lands,
wild Snn had 1S Sss 1 Ct F's' SfST%a
Besides there enormous salaries Tor watson ana MS
Ds pres sS y the
having contracted that Watson should be President,
ing that salary to-day Then Jewet tecipsing all
that beorel who he alleges, secured an agree
sSareh h y which he means Barlow ihai he
Jewett should be President for ten years and receive
Then camo the Recoversbip wherein his fees gn addi-
ton and irrespective OF his salary as Presden are
allowance AZ any Judge OF the supreme Court shall
award to him for Lis valuable services.
We are determined to break the Ring; to deprive 1t OF
CONTROL and place the property In charge OF lts roe
tuy-of those owning the largest amount Of stock Our
the Barlow Ring that includes the entire manage
ment at present constituted; for, VIC aver more III
sorrow than IN angerl that "Bsrlow and Jewett are
one" We shal have head for Erie who VIII act III the
interest OF shareholders irrespective OF PERSONS great or
small eminent obscure, wealthy or poor; call t2 oc-
count all wrong doors; trhully and honestly Teneye
property from the mesbes OF litigation, and who VIII
accept the fair but amply salary Of $4,000 year
g. A. Dollingcr, Secretary OF the Committee stated yes
terday thst single member Of the Committee had
the least intention Of stockobbng Ali wished to rescue
the road from the present Ring. which bad been elected
illegally The recent proceedings In court term
mated suddenly at the request OF the Committee be-
cause owing sickness In the family Of VIM A. Beach,
the papers had not been prepared properly. new
application would however, shortly be made to declare
the election void and should this application be
Denied the step would DO taken In compelling Mr.
Jewett recognize him tHOlinger and his brother a.
directors, because they, - shareholders, hSd OBJ