New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-05-28


future policy the management Vt the roadi Mr. MOT
gan said In reply ct cannot answer ANY OF THESE q"e
tions The I'm tho hands Of Mr. Je~ett' "S
r,rev.r and hs alone coml@tent To give the ioh"
ton required Again ! must refuse 10 MAKO any
rcply for mo beucft can arise paIadns snch nota
ZION before the public What could be- gained III me pup
Icaiion OF such attos unless 1t be in tho interest Oh
some one mani Why should some one person thus no
THROWN n. and another lftrd upi hyou wish S'"
ment Ia tho interest Of the pubc see or. Ie"e,. WI"
Will tell all that may he needed but " you wish ono
that may serve raise lower the stock d"h' 40 !"
TIE TRIBUNE grcat power and should not DO urea "
forward the interest OF the stock gambling fraternity
Noxt ,o the President OF tho United Stac"'
Wlitelaw Eed. with those associated VII"
him. holds tho most important poshoh III
tho country, and as no c1orts an uhinho'"
influence u should he directed 10 the public good M 10
contentious among the Board OF Directors may Shy
that hone We are above such allegations and can truly
SAY that the entire Board fully inlorSe and VIII support
Mr. Jeweu In such course IA he may take Mr.. Morgan
declined 10 say anything urther and In reply " otn'r
ocstions simply said: 81 must. as said poiore' Io''
yo, to Mr Jeyct who alone 10 cOmpoons la make tDo'o
statements"
At "A former interview. Mr. Morgan said That hrJc"e't
had been annoycd for time past by the demands I"
Attorney General Pratt in perssting that the Com
pany saouli show why receiver shouu
not be appointed and II from this influence that tue
proceedings fad been aFon and the request naho ro 'e
apponincnt of IA receiver. IL had been done WIN uc
approval ~ TIC Doird Of Directors ana hodSh ne ooh"
upon II ~ "a necessary proceeding, he believed Tie 'o'
rnny would 10 able " the present enbarrnsS-
ment.
Herman L. Bnltzcr at No 50 Exchange place said yes
terday that the whole Erie difficulty had grown ont of
the very bad management under the administration oi
Mr. Watson Hs hal carried on the affairs of the Com
pany such way tAat the hands oil the directors were
com pleely tied, AMI they unable for long time
nd ~
have tho utmost confidence in Inc ability ana
integrity OF Mr. Jowett. however, and they havo
I'D doubt that IN reasonable time lie VIII succeed III
relieving the Company OF Its PRESENT cmoIr Sbei'lS
sly own opinion TO-" he said that some artbSein III
will bo mIdo with second consolidated mortgage o'hd-
holders at an oaIly day. and tho road WI then DC re-
turned into tic hands ~ The stockholders again believe
the road has now passed through s greatest ti1a ana
thut IL will not be long until it again assume
mora indie pendent position. Perfect harmony exists III
tho board at present. ana II WAS Win IL" "pp'o'a
Tia, the change was made large amount OF property
which the road could not has been mOr'SaScd lho
fact that these mortgages oxisted prccudcd The possibility
%! selling second mortgage al ieiSondhe H2"re' ''n
as a forced sale not advisable orr DIM at" ID f"
Ing money have been largely Increased SI another IN
mediate o: tie present dticiiLos IaS bce TIC '
reasonable TeuC.on ia through trdhic brought aIont W
tho railroad think Mr.. Jcwctts best plan VIII
be TO return to the Oil rates His report states
any De do less through business than to Keep
I'D tie fight at loss. AZ soon ~ II ran 10
| done the gauge should lie changed to the ordinary
standard This Is something that perhaps VIII have 10
be postponed for tie present bn when ~ 10 hohe mo
cost 81 maintaining good road and equipments VIII &c
materially luduecL Tho extra sze o ials, strength oi
bridges and weight OF rolling STOCK make up very III
pOrtsut item IN tie expense account
Mr. Batzer Was asked in regard t0 TIE compensation
allowed blr Steb1DS Chairman of the FIN nee Commit
t,c lie said that the work OF baking el the financial
Affairs Of the Company found TO he of such nhsni-
u that W. Jowot could not give 1t the attention II e-
! nandel. AMI Mr. st~bbins WAS employed short time
ago at salary Of $1,000 annum Ia take complete
/ charge Of Tia. financial department
L. suydn Grant of No. 81 Waist. declared yesterday
that the proceedings al Che meeting of Tuesday evening
were not known Ia all the Directors uHtA The iO'io" .
day As the spprova of the course th"eu this' 10
aid coud not 10 taken inso CONSIDER, toD. il ~as a
coise demanded by tho Attorney GENERA. of e oIae'
lie had known ot any dssensons among the hleo-
tors they had always WORKED ia unisOn aud as unit IN
tho support Of President JeweiL
Henry q. siebbiu., 10 n conversation with TEiDOsE
reporter yesterday. said that all tho directors OF the Enc
Railroad Company were informed OF the etns held at
the residence OF ;. l. NJ. Barlow on Tuesday eFcniDs'
though several failed to attend Tho action taken by tue
Board that evening IN "a compulsory. on ac-
count me proceedings taken ny tno Attorney Ehcral
AID consequently tic directors lad acted as they cos-
To tie IN rest OF TIE stockholders InoiSn
present al the meeting. Mr. StcJbs Lad been somewhat
surprised IL the slidcl,ss OF TIE event. aud could well
say that the article IN Wednesdays edition OF Tue
TLDUNE very clearly showed tie condition OF Tie Com
Iany and very probably a surprise to some of The
directors. who were not fully Informed. or The CORE
sroudruce M 'weer II resident Jew EFT and the Attornc!
General of tho state he had knowledge Whatever.
! DESPITE tie proceedings takon. LIE had all con
ncncc In tic resources Of the road and doubts that
Il vouIl iu time demonstrates superiority Its
present CONNECTIONS Mr.. Stobbins stated that he held
the position of Chairman Of The Committee on Finance.
and .eeued 10 amused when informed tat the report
WAC circulated that received 10000 per year com
pensaon for this service He admitted that he did re-
ceve some COMPENSATION bot said that II did not amount
10 even our-f tn Of tue sum named
Jhu A. C. Gray another director Of the road could rot
be found yesterday afternoon Several OF his friends.
met during the day stated that he claimed that III the
statements publ she'd alleged to have from him, he
| had beeu grossly misrepr's.'nted.
An Interview sought with Marshall o. Roberts, at
No IO7 Fftlavc but he positively refused TO be sccu.
stating Tat he hid declined ~ answer because oil the
Information can DO obtained from Mr. Jewett."
| FEELING AMONG EMPLOYEES.
| GENERAL SUBTRACTION Ar THE CIANGE-HOPES OF
| GETTING TIE WAGES DUE.