New-York tribune., 1875-07-13
ERIE INTERESTS.
THE ELECTION TO-DAY.


STRENGTH OF THE GERMAN KLEMENr-PLACEs on
TIE TICKEr TO BE GIVEN IT-ADDRFsS BY JOHN
LIVINGSTON on HE MANAGEMENT OF TIE
COMPANY.
The Erie election will take place to-day at
the Offices Of the Company in Duanc-st The remarkable
amount of stock registered the books OF the Company
in the OF several German banking firms III TINS
city has created considerable SURPRISE and some conec
ue as the which these firms intend to pursue
at election to-day The original intention Of the
present Erie managers had been TO return the present
Board il possible The great strength Of the German
element, however. has rendered necessary
change in the programme Yesterday one OF
the active directors SAID that The ticket o be presented
would made up until to-day, III order to enable the
German interest Ia be represented in the new Board IL
proposed place at the service OF this interest hye or
even eight places on the ticket II they should be
desired. X not the present Board will bo re-
turned IL the S26OO0,OO0 OF proxies which the
Erie managers hold will accomplish this result.
An advertisement Of meeting Of the Eric sharchod
to be held at DclmOnicos. In Beavcr-st at H.,
signed by the London Protection Committee" brought
together about % persons To consider the question Of
the election to-day. John Livingston took the chair aud
said that meeting had been called by the London
Protection Contee consider the condition Of their
property the course To he pursued at the election
to-day and means for future relief. He pro-
ceeded to review the history OF the Erie
administration from July o. 1872, when Peter H. Watson
assumed the Presidency up to the present time lie
dwet upon the acquisition Of Erie by Bschohsheim,
Goldschmidt, the largest owners Of the Atlantic and
Great Western. whose only motive was to beneht the
latter the expense Of the former They did not own
share of Erie, Lat secured control through stock in
trusted to them by genuine Shareholders The result has
the reduction of Erie TO the condition in which its
found to-day. He compared the Gould and the reform
administrations. and said that the obligations of
IA. dur 4 tlot tbraa Ma
1879 increased much than for the three years pre-
ccdng the displacement OF the Gould management.
Millions were sIuaudeIcd 10y the Watson administration
1he report filed with the state Engineer for the year
ending Sept 30 1877 showed that the aggregate Of the
funded and oaing debt was at that date S2s 20,
while the report fled b. President Jcwett with that
officer, for the year ending sept 80, 1874, shows
the debt to have been at that date Sis,3O9,Ol7 81.
SIN sorsc was President Jewrs report Of May i3lS75.
which stated that the bonded debt existing at that time
$j9376Isi ~ being an excess Of $50 1863 $40 -
he total bonded and floating debts reported sept 80
Livingston except some yalueless coal lands on which
the Erie managers could not raise 100000 a, a
Bischof,bein * Goldsclmdt. Tue road Was not
IN T gSSa SGnaop az whTn he the 'ay G""% o
Bischonshcm & Golschnidt, who was the moving spiil
ratified the action of the directors" The STOCKHOLDERS
%G %SIf do 5of r
Who owned one share, and himself whr Mr; Ky ~.
Livingston was ut lunch series OF res"lu-
lions adopted ratfyng TIE acts Of the directors
This attorney represented all interests. aud wac alike
counselor, plaintiff and defendant, which was absurd
Mr. Livingston advised all 10 be present at the election
today To that none but actual stock voted upon
Much stock registered In names OF persons who were
not authorized t0 vote thereon. While IL impracc.
bic Ia effect any results at the election to-day yet II
woud be his duty to see that only genuine stock was
voted upon.
A Mr. Rueglcs made q statement that he did no. see
that the meeting cOnd accomplish anything bnt talk
Afler an interval OF silence proposed reSoln
tion o thanks 10 Mr. Livingston, which was adopted by
the pcrsOs present, and the meeting then adjourned