, 1875-02-24

Of tho people. lfoW 1t,lich longer Htla!t It bo ,.
regarlcdl hCtrlzrS
AN OLD FIGHT RENEWED,
COMPLICATIONS nErwKxN TIE ERIE AND Ar1.x
TIC CHEAT WESTERN.
spectas lhtraieh to The Chtraao 7<tJ,n,
NEW YonK, Fob. a3,-Erash conp,lcut,on,
havo ariecu betwcnn tho Eric md Atlanta :
Great WcBtcr,, 1laiIroad Companies. and m.
ho former refuses to,carry out tic Terms of II,
Icaso mado about year ago. Ever since N,
compilation OF tho Atlantic 4 drest Wesl.r,
!lnc, tho primary object Of ts ownca
has been to aocuro The amllgaualic,
OF that enterprise Will tho g,Ic
During tho aoAld.FiHk administration Of N,
Erie long and bitter litigation wna cmlet l.,
the action Of thnt Company III leasing tho Affair."
tic Il Great Western. Tho tattor Coun,n1
which had been In financial trouble over slnc,
ita formation, was forclosel mud NH
nndcr eccona mortgage III Julv
1871 and tito Eric lease terninn.i
In September Of tho sa,no yoar. ths Eric Com.
pany surrsndering tho property. III Decentu
1t vas reorganized, and wna under tho pfeseaI
management until short tsno hgo, when J. #
hss n Ia,esa TSssn T appen on hssss
Il uollAchnidt obtaincd control, md tic uS1
reform administration Ind got fairly to wotE,
JAMES HHES1tr oANH TO T,t1s coukrHY,
and believing the only practical aottemens d
Hallway wan IN Its consolidation with the Eli,
mining hcrn n cnnHiIcraj,io tiIun' ho rat, .s
away With tho assurance TINT sons H.
shoT,I Lu maIo: i,,,t tho public o,ltcry 1aae !,
lilo timo nroynntcd tic contamination ri A.. -
njan until last yoar wI,cu Mo1io,uy naain c,ms IN.
10 ls country and literally forced tho lease
Of tic road, hoginnng as Is pcr cont and endis,
at 80, should be devoted to tic Atlantic 4 t;rs,5
Western as rental. This lcano wns ytsns'
sealed, and delivered, and ratified By Tho stot,
holders OF both COMPANIES, It WA E,alo n.,ns,
t1Io wishes OF tin ro managers, but on aceanrt
Of this tito relations with biscl,oIfsl,um. H..
uonry mud tic American Managers
HAVE BEEN y1otgsTLr sgygngp,
md tAeir several intercstu are diverse, n,
Eric managers ate indifferent to tho wshce n
enterprises, hayu ropndiutoi Tho lease IIn Of il,
out lis terms, This has oraatotl a Eroat de.l Il
bitterness Of feeling .lnong tho hoidem Of Il,
Atlantic i 0ront Wostor1l SECURITIES. InanIy1 q
| tho lcautus iunilaEor OF lilo Eric conhrlned tbs
statel1urt tilnt lis Oomra,ly Ind concIutei
not to carry unt tho terth Of tho lease. lte s!a.
| cd that HHiltpg that the failure Of the Atiantr
u Great Western hallway waa insy,tablo tlet
bad concluded not 10 assume control Of Il. viii
l
The appointment Of Gcu. Dcvorcux at Receive;
ind relieved lilo Eric of ull obligations rolatinl
to tile leago,
| 4 NEW nA11aoAD
was about to boEi,l On tho inc Of tia Cleveland
Columbus, Cincinnati Il lu'lanapolts 1.a.l.aaa
Developments In Eric and Atlantic i G.ey
Western have combined to mike tho stock mi
bopdholdcrs OF connecting roads wary o
further complications with thuso entcrprites
rl.ts IL oareciai1y true of tho Cleveland
| Columbus. Cucjul,nti L. IndianauoliH which
poxt to tho Eric, is tho most itnpoE.I
link in this cllan. Its yaluo may 10 Learned
iron, tho efforts to rain control Of it's ca5Hta
and stock, $l5GUQ, 600. The necessary con
trolling interest over 9T,600, 900 whB secure{
by lilo ht!aut,u j; Great Westo;n in March, lSl
anu the present management wah Installed TIL,
intention. WA 10 ioase tho toad TO lilo Atlantic j
G1eat s1"so but 50 f a ndsns9n 3n a 1s Vs.
tars passed law prohibiting .ho leasing q ~ .
Stockholders consented. An tna Atlanta
b 0rvat Wcatcru pepple aid nd
control TINT atl,o,,nt, tho project vsl
abandoned, and pnHeoBson Of tho road kept u
th,s il waH uccossary to $780,
e'' nAlsE MORE MONEY,
aud the Atlantic i lrcst Western Copnary Issued
what waa known ~ Western extension ce1is
Gates aid bonds, amounting to about $40 0rA, ,0ol
AZ whioh IL. God flclD wero renreao,,toi by tbtss
wear certiticates, and tic ront glurn,ttecd by T.
Eris Ilai,way, With culatora! aaourity IN IL
Tho collateral security waa dapostod i,
tho hasius OF Inc iiuatcoa 10 1no h9moa !.
ya'ue q t1o ponus ihafa p'aeeo. Aecoau1AE
,,nnra"tos,i ,io tncre,t nv o4G mn, NJ tno honi.
lilo voting ppwor Of ,l,o sioux waH vested il IL
Erio Hallway. Tho Western extension ecs'i6
cntes having tho sano pro,oction ~ tho honl'
snson n no aos 'no ,t,s H. rns,ss, pss
M tl,o utoek ia II, tI,eir custody. Iuliyiis.
ntocaholtora uro now oI;poBcd to q cantiuuane
Of tho administration OF tho Atlantic + Grit
Western aud tho Erlo Golnpanica' "ith F's'
. OF
eoSeeSfhAr1so OPPOSITION ....,
circulars have hecn sent to tho htooshoa
era, asking them to forward prose
to be ns0d ngalnSt tue lFckep