New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-27
ERIE'S RECEIVER.
largely Deprecated In spite Of these have been

largely deprecated. In spite Of these. have been
surprised at the suddenness OF the days
power to carry 1t through the year and so AVIAN itself OF
restoration OF normal state OF the trade OF the country
which believe will arrive. The proceeding mas been
very important one, but not OF vital Importance, looking
upon the great facilities and resources OF tne xopy
and why IL should not carry tse through
believe. Under the administration Of Mr. Jewett as
President, or the administration Of Mr.. Jewett as e
ceiver upon the assumption that IN either capaciy ne
will exercise the wisdom he possesses, and the great r
road Hedge he is master OF, with his CONVICTIONS
to the vast resources or the COulIabg,
and with the economies he is Arrays exerclsl ig
II he has time enough he will be aie TO restore inc
credit OF the Company and discharge It's obligations
think the Erie Railway Company Is egna IN resources
and capacity to Of the great trunk nDes, ana hls
many advantages fully equal to its three competitors
see no reason why It should not pay ne interest on us
1t has usets floating debt that after reasonable
PERIOD the stock OF the company shall have greater
value than 1t is to-day bringing in London ana Sew-
York regard IL altogether as question or adninls
tration conducted on principles Of honor and ntegy
considered the exponent than Hugh J. Jewett In
view OF all the facts. they presented to-day.
favorable solution OF the whole question Win
know OF no ill-feelng manifested among the
Board OF Directors since us Organization Ids,
unit. Nothing regarding the condinon OF tine
road has been kept ron tde GMsSsCy ve e
OF It's condition, they were never expressed, all
loohns confidently upon me soPeiu ,dn ,os 70
the present course has been considered the
only advisable The appointment OF the receiver
Will have no direct effect upon tie working of the road
and present administration will be continued as here
tOfOre
Mr.. GRANTS OPINION OF THE CHANGE.
r. Suydam Grant, at No. 81 Wall-st, stated
to TRIBUNE reporter, last evening that Mr. JeWet lad
been appointed receiver with the Jul knowledge ana TIE
approval Of the Board Of Directors, as he was I'M
quesonably the best they could get to look after
the interests Of the stockholders. Mr. Grant did not
think the change could in any way add to the expenses o
the management OF the road, and in some particulars
IL would probably reduce them. He said that
there had been meeting Of the Directors YESTERDAY
and he had held conversation with any OF them the
subject with exception There was really nothing
further for them to do the whole matter is now N the
hands OF tie court Ihe board still exists the repre-
sentative 4 tn stockholders but the management OF the
road has been taken out 81 tEci. hands. Mr..
Jewett IS receiver takes full control " tie affairs or
the Comnlrr aud n will he his GtY ~ "a eary day "a
possible 10 settle with all 4Lls IL done.
the road viii pass back into The hands of q" stcckh0ld
era again. The Company has interest n the Atlantic
and Great Nestern road, except o. coLL~ci.ie Ine