New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-28
THE REVOLUTION IN ERIE.
INFLUENCE or THE CHANGE IN WALL-ST.
suprnvrsioN OF EnIR piXAxCHs-No sc'fEMH oF
REORGANIZATION YET NEUTRALITY-SUSPICIOUS.


of disc on W ast. yesterday, anu 1o MUMMY
Generals supplementary complaint was carefully
read and freely commented upon. Diverse views
were entertained as to tho motives which prompted
tho proceedings of Wednesday. No novel move
ments on the part Of those interested IN Erie were
reported bnt directors Of tho road had recovered
somewhat from the shock of recent events and were
more communicative yesterday than Oh "Wednesday
and statements from them ara given below.
The finances Of the Enc Company have occn
largely nndcr the supervision OF Henry u oteDohs
the Chairman of the Finance COMMITTEE IL has
been reported in Wall-st. that Mr. Stebbns has
been drawing salary OF S2O,COO for TINS WORK. pn'
he states that this is great eSaggeration Ills now
understood that Receiver Jewett will hereafter lake
charge of all financial matters inasmuch rs he IL
now directly responsible for them. No scheme OF
reorganization Of the Company has ~ yet beea de-
velopcd On the Stock Exchange there were
numerous transactions in Erie stock yesterday the
price opening at 1874, falling to IL, and closing
49,. TO 1879
RECEIVER JEWETTS POSITION AND PLANS.
MIslEPEEsi NTAToNs or HIS VIkws-his srIIf-
MENT TIE LyrNrs IMMEDIATELY PhfCIpiN"
ills Al PoINTM NT-N0 MORE LAW SUITS I" BE
PYNRED-HUPLrUL ANTICIrATIONs CONCERNlNG
TnR EOAD.
A reporter of TIE TRIBUNE called yesterday
upon HUH Jcwctt the former President and present
Receiver OF the IL o Railway Company MI Jewett al-
par,d TO be very busy aud during the ONCE hous wis
visited by large number Of persons several OF whom
engaged hs attention for long time, and he WINS ae'
wor,i much occ,u, Il with documents. lie Complained
10 the rcrOrfcr that Lc had ban misreprcsentcd
by persons who Ind pretended that they h'd
seen him. anl had been tho victim OF seVeIai
bogus Interviews lie was represented - having
co,ycrsed with q reporter mt the Fifth Avenue
In he fact w
not bceu in thai Lool for four months He was also rep
rcsutcJ AS having ccnvcrsel with reporter concerning
Erie nj the Windsor hotel IN "Wednesday evening where
s ON flat evening he had not spoken 10 any ono on the
subject Ol the Eiio Road
As,o the runor that tho action which led TO his ap-
pontmcnt ~ receiver had been taken by himself ana D.
L. NJ Barlow largely wiodI The knowledge of the other
directors he said that tho report hardly tine For
some time por to the acton Of Tuesday last he ha
beard threats al hjuncnns aud other law proceedings
the Company attempted Ia pay the nnn interest ana JIG
had oven received letters from legal firms Of rcpuie III
forming lin lhat hoy bad been Instructed to take sHch
proceedings. Tho representative Of tho Au"'ney-Gen
cra had also called upon him, ard II Lad been necessary
to Give him full account Of Tic position
Of TIE Company. Tn Ter those circumstances hI'
Jrwcit did not how lie Company conld
avoid litigation. On Monday The representative OF lho
Attorney General called again uun him. but hc did III"
then lcmIn whether the bill in the snt had been drawn
mp or not Tuesday afternoon lac was informed mat
This representative Ind been 10 his Office and had the h
rrcparcd When il iecaine evident that the Attorney
C.nc NJ world begin proceedings, he thought IL better
that the Company -boald aid aud To some oxent direct
those proceedings 10y acuiescing "A, tbcii Ee thah he
brough, into conflict with the Attorncy-Ger"ral by
Opposing Item No good results seemed lIobable nom
such opposition. lie Therefore determined to call "a
meeting OF the directors for Tuesday evening but ia
not call it at the down-oN Offices, ~ II woulu nave
been nconveni,nt ior many vi the directors Ia nave
hc,u present The diec,Ois met nj Mr. Bhio"s mons"
because II Was nraa tie homes 4 majority OF the Board
Al thnt meeting he explained the exact position 81 the
Conpan,'s affairs how call ans hal |" bc nut nneA-
pecty doubtless consequence Of tic agitation winch
had made aud how he bad iloi To Obtain The loan
! from The Delaware La kawanna ahd western hair"ah
and the DeIwaIe and hudson Canal Company he
showed clearly to the Beard that il the AtoneyGcncrl
intended to begin sIt Il would be far better for the
| Company TO f,n Ills LANDS than into these OF IL
pya:e Individual ~ tho former would have oniy the IN
tc,st, of ia" people while tie hiiei 10 sec
nip mrcricvaiio rum lie stated inat he thought "c
.st iHing Tor tie C.nsny to DO "oud be 10 nay u
suc,, n me sue, they did nnt like tho Idea 0 r0i'
H. 9 tie Erie going into the hands of m"N Al thc
snc tGc, hO"e\tr thcy asa h Sem ~ ~ - "u m's1 -
which rcsl,t coali e avoided IN" W. tHo man
| IL + "a which the ie, CIV Clship was hn,Sht hh"ui
MG Jc"rt m'm'ch t"d1 toi 0,Uo'ns nl'E'. 10" ~
b. en- n ltt e asnnisn,d when he read lie news III me
TAFT Wednesday morning that u r. g Fer was u,
ie cd could have been al AL surprised
To ma tnit there had been meetiis ~ MI harrow
oise ita regard 10 the reorganization O Inc Com
,..y sr. Jewott o.nd say nothing at incec., iho o.
siuLaon remains rs 10 wac" WIN w." "tuP''o,, '''
ccvcr ho would nave the con.ro 90 the man 'srneht
| way would lave perhaps. css power; Tor IL President
he WAS allowed sOInc discretion, wiic as Receiver hr
w won 40 on cxactiy as before fpr The pes.nt
and ,s TIC patIOns vi lie road Appealed to nave
r"6dsue Ie tmoiisht mat the busine,s would be-
aiior i.dor rcoo.veIsnIp than II Was before lie
hnd anticipated nricr actions a. law against we Com
fiy bil IN SUIT was ncd, but hc olu not ~
.ri any now He d. Lot look tor AM trouble along the