The New York herald., 1875-08-31
THE ERIE RAILWAY INSPECTION.
TOUR OF THE COMMITTEE OF ENGLISH STOCK
AND BOND HoLDERs-wHERE THEIR SIXTY
MILLION DOLLARS WENT TO.


MILLION DOLLARS WENT TO.
NIAGARA FALLS, August 2s, 1875.
English capitalists who good faith invested in the
Erie Railway were startled when, few weeks ago. the
company thrown into the hands of receiver
chosen by American interests without any reference "a
those of Great Britain, whose investors hold about
500 600 OO0 a large majority of the stock. The pro-
cceding was looked upon with suspicion, the moro so
from the fact that the President was named as re-.
ceiver.
Accordingly they determined upon investigation,
and with this view named committee to proceed TO
this country and make exhaustive examination and
report Sir 4. W. Watkn, President OF the London and
Northwestern Railway and Chairman OF the Metropoli-
tan Underground Railway, of London, and
Mr. John Marriott Solicitor, of London These
gentlemen arrived in New York over
week ago and have been quietly informing
themselves as the opinion of nancicrs this
try OF the Ere's operations They expected to have
frequent conferences with Receiver Jcwctt but he
recently with accident that confines him to his
residence they have been unable to obtain yet much
information from him. Last week they paid HIM
brief visit at his residence, with little results, however,
far discovering where the sixty millions OF their
clients money had been put
Dcsparng of finding IL in New York the COMMITTEES
organized an expedition III search of IT, and they set out
from Jersey City on Thursday morning with less prob.
ability OF sucte es than was presented TO stanley when
he plunged into the African Jungcs in search Of Living
stone These gentlemen were accompanied by Super.
inlendent Bowen, of the Ere, guide; Sir Joseph
Hcrron a nobcman travelling in this country; Rev MIR.
Bates, of England; Mr. Arthur Dodd, Mr. Mcfarland,
counsel of the Erie Company; Dorman B Eaton,
and live six young Engshmcn.. They left Jersey
CITY, where the shops were searc ed and but small
fraction of the lost treasure found on special train al
half-past nine Thursday, halted at Paterson and
Port Jervs Inspected the workshops, made mcmoran.
DUN of 400 men employed, the rolling stock and other
property there and then proceeded on westward They
travelled sumptuously IN two palace cars filled with
the choicest menu wines and cigars as well as sleeping
accommodations.
AZ Corning tho Englishmcn had an opportunity Of
seeing where some OF their 500 1000 was buried,
viz ditch by the road side. a collision had oc.
Cured "A few hours before and an engine and several
freight cars lay broken and piled up in the ditch
Horncllsvic reached after passing another wreck
where few more dollars lal gone down to dust and
brief halt made The special then left for Buffalo,
where IL arrived at eight r. NJ. yesterday.
The secrecy that was maintained as TO their dc.
parturc was observed their arrival at Buffalo, and
although arriving eight O'Clock last night, the morn
ing journals have not even mention of their presence
in the city To-day they VIII inspect the International
suspension bridge Black Rock pass few hours hero
and in all probability return to Buffalo for the night
and thence return East, arriving in New York Mon
dav or Tuesday when they will make an investigation
of tho companys books and prepare their report
The fact that the plry were making an inspection Of
the road became known on the day express bound
Wes last night and some Of the comments of the pas
scnrcrg were not very complimentary toEric Before me
sat party of gentlemen, and this was their style OF
,.whatarc these Englshmcn altcrgr asked one
'Tbcy are u committee of English cocks said
HERALD OF to-day says about 500 900 guess they
won't lind mucn Of It, They will find $4,000 in
monument Jim FISK at Brattlcboro, Vermont per.
haps twice much more down on Monmouth Beach, In
jersey, and should not be surprised If n good dea
more In extensive lands aud cncmcnts at Glen Cove,
Long Island Much Of 1t has gone where the SOodbine
wlncth about the tttlccd windows of directors and
attorneys country seats They ought to adopt Tldcns
polcy-sczc their estates and compel them TO make
restitution. That's what these Englishmcn should do
~ guess sald third 'it Will be about rs difficult
for them to find that sixty million as it to discover
the sex Oi a canary bird from u Dutchmans mode o
tcstlng IT, Hans, when asked how the female and mali
known apart, remarked, Vel you shust 90 dow
midt der und get der vorm und den yOu shus
gccf der worm to der prls Ef she eats der
pcs iraulcn pird Und den go down mdt der carter
und prng up anOddcr vorm und gcct 1t midi der uddel
prd III hc eats der worm ho PES pird. Dat u
how knows do IT, | reckon continued tha
speaker that Sir Edward Wakn might ~ well try ths
Dutchman's recipe to find out where the English-
mems money has gone to-"