New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-11

board was 10 cents per 100 pounds in favor OF Baltimore
and cents in favor OF Philadelphia, while Boston, al
though nOminslly higher in her charges allowed draw
back on goods intended for export This difference in
already enough to induce Western exporters to
send goods abroad by way Of those ports, while still
greater burden put upon them by the heavy charges
for wharfage, ferry leases ETC. The Erie Road dd not
expect to enter upon this work without severe conhct
with the other Cities but the City Of Newiork would
support the road In the endeavor, Mr. Jewett felt worry
much inclined to engage In It,
The Pennsylvania Road continued Mr.. Jewett, has an
outlet Ia Philadelphia well at New-fork, and the
NewYork Central has outlet at Boston. But the Eric
Railway has only NewYOrk as its seab0ard outlet Tho
interests Of the Erie Road were therefore conferred III
Work, and the citizens Of NcwYork should have In
erest enough In the road 10 aid 1t in the effort In ques
ton. The freight that could be exported by way
OF NewYork the better 1t would be for the city, and
those who have the charge OF the city government should
bear this In mind There is justice In placing such
tax the Of the city Ia now done, and no
other seaboard city OF America would act or has ever
acted in SO unwse manner. Unless this tax could be
removed at least in part would be impossible for the
Erie Road TO enter upon the conflict with any hope OF
success for if the road is TO fight competition abroad
and excessive charges from within, the conflict will be
far from encouraging.
JAMES M'HENRY REPLIES TO MR.. JEwRTTS REPORT
James McHenry OF London has written letter
in which he repudiates the charges made by Pres
dent Jewct OF Erie In his recent report The following
Is the text OF the document
In reply to the report Of Mr. Jewett just published
have to say that the statistic referred to by him in
connection with the Atlantic and Great western
lease were not known until after an agreement
signed for rental equal to 30 per cent
of the receipts that the reduction to % per cent
yielded in order to end wearsomc negotiations ana
after calculations whether that rental could result
in loss to the Erie and that no one knew better imam
Mr. Jewctt that all railways In the position or the Ata
tic and Great Western worked in the United states ~
profit after deductng working expenses oi al least ~ "
80 per cent
Ihaye further to say that the Cleveland Columbus
Cincinnati and indianapolis shares were " taken over
by the Erie Company the holder and owner thereof
and the assertion that eher shares securities held
by account OF the Erie Company Is without fonda
ton that three weeks before Mr. Jewett was elected 10
the Board, he duly advised in writing OF the sub
Of all the repudiated agreements which either
personally by engagements made on his behalf by
Col Scott, he undertook to confirm and perform ana
that the bonds remaining unsold on Mr. Jewett
assuming the Presidency OF the Company were disposed
OF by special authority by one OF TIE directors all ac-
counts being vouched and passed by him before leaving
London Copies OF the documents relating to these mat
tiers, some Of them bearing the signature OF MI Jcwott
y interest is inclined to investigate the correctness
OF these statements JAMES MCHENRY.
MEETING OF ERIE DIRECTORS.
The directors OF the Eric Railway held meeting yes
erday in the Erie Buildings, at West and Duane-sts
The principal subject that brought up for the con
slderation Of the meeting the advisabiy OF post
ponng the annual meeting OF stockholders for the cleo
ton Of directors under the law. After some discus
ii decided to hold the election at the usual tine,
July 10.