New-York tribune., 1875-05-15
RAILROAD INTEEESTS.
OvER-IssUE OF RAILROAD STOCK.


rHE STOCK or rnH PHILADELPHIA AND DARBY AND
The SPRUCE AND PIN. STREET RAILROADS
GREATLY INCREASED WITHOUT AUTIORiTY-S.
q. FRY BELIEVED TO BE The ACrHoR or THE
FRAUDS, AND 10 HAVE PROFIrEp BY THEM.
PHILADELPHIA. Penn. May l4.-feSterdly
rcr crept into Tnir ut. that there bad been faucu
lent issue OF railroad sock OF kind This excited
little comment believed the merely
of the stock obbers to affect the market spccnIs
tions rs 10 the lines affected. which were ut length mar
rowed down 10 two. va tho spruce and Pine-sts and
the Darby lines. Inquiries werr, however, at once
instituted. Gnd IL WAS aScertalned thi.t the
road prIncipney affected the Philadelphia an Darby
II has also been discovered that boc has been an over
issue OF the spruce and Pine Road stock bat It's
President has made examination, aud does not ihi
greater ovcrlssuo than 100 500 shares on this
oyer-ssue, it is beloved tina! NJ. Fry succeeded in
borrowing an amount moi exceeding $4,000. Tie Prrs
icnt OF the roi e Gross Fry. who IL implicated. accord
ing TO the allegations of those acquainted with the present
affairs the COMPANY is well known citizen o! PLila
delpnia, aud Eas bos prominent in railrOad and
iron enterprises. well in political affairs
II II alleged that Fry President Of the road bs over
s.jicd very ar-e and entirely unauthorized amoun, Of
stocks. valued in the agS;r-att at from S2UOOCO to
100000. When tbs fraudulent issIe made it is
impossible yi te ascertain but IL Is eIpposed tD IL
as born in regular process tDe lost 1--we years and II
s believed ny tOse interested In the Company that no one
e.~t tAan.the gentleman ID Is nplcited IN this hy
pothecaon Cf stock II ia alleged that Mr. Fry Aon,
has derived the benefit aecrging Om this Oyorssle.
and tia; he has employed il 10 further the interests or an
iron company with which o 10 Interested From what IS
reported il is thought that hr Fry has used the
money raised upon tbs stock to sustain tho
credit oi the EInads Icon Company. whose works
are located the H. at Pennsylvania Railroad near
Allentown, LcEigh County. The amount Of the over
issue of Darby stock cannot be d, f1iicly
tanr but IL believed O from 10000 10 10000 Shares
with . par value OF about $50 a share
Gross Fry. whom these allegation, Of giOng AZ
seriously affect. IL who has long been
favortby known in this city, and son OF
the Late Hon Jacop Fry. for many years
Incnbrr Of Congress and Auditor General Of tho
years OF aze aud prominent member Of tl Lutheran
Church, and a.so active D-mocriitic p"itlrian.
other and entirely rrc sources that sir Fry had ma ie
ovrrissue OF thc Darby stock OF from lO,0U0 10
Irna-t roa stock We also rcliaby informed that
tle money rs,sfd upon this sco"S MAS us, u
the expectation ot Mr.. Try that upon revival OF
the il0n t..e 10 would b. enaled To ctu the moneys
borrow cd the stock or that Company and tncn To de-
-rnv rrtre stock. On this nv lDthgcaun Nr Fry
rallied SO per The Darby stock ani s3j per
SHARE ou ne spruce aud Pine CpmpanTs stock.
r. has btcn ascortl.ned tpuisht Lhat the Twenty
second ward National Bank. the Capitalization Bnnk
the Philadelphia Trust. the Gerard Trust, and other
banking institutions, including a number of
prominent brokers. hold thc over,,ssned 'toct %
made an as -n'nent ol ~ opry Igr t Den nt Ht 9s
P.etuis baIE Scnt rilu Tonight ne tnotgf tie
railway rGnI,auy Liable Tor the auol, and cited TO
New Haven and Ot author ny, e stock
issued ti, regular form signed by the Officers and
/ lnarin. .Ee seal Of the company.
/ TIE EUalURED CONSOLIDATION or TIE CHICAGO,
/ BURLINGTON AND QUINCY ASD ThE MICHIGAN
CENTRAL RAILWAYS AuTHoRirATivEtY DENIED
-FxPIANATfON OF TIL DECRfAsED EARNINGS
| TUE LATTER ROAD
| BOsToy, May 14.-The story relative to a
proposed consolidation between The Chicago, burlington
and Quincy Railroad and the Michigan Central does not
contain word OF truth. Am assured BY the officers Of
both roads. The Michigan Central hS perfect
! confidence in Mr. Strong. who has been suporln-
tend the retirement " NJ. Sargent, and no
change l. contemplated. for tie rumorcd resignation
of Mr. JOY there may be ground cr it, but he ha- NOT Ia
TILED h" officers the road ~ any sucn intention On his
part The primo for the falling Gf IN the earnings
has bee the iis between the Prn-y Central ANA
the BaumoIe snd Ono roads. TIE carnlngs Tor three
weeks IN April ~:EliS9 10, against Si-2,72o %
l.s: ycar-a railing ~ III ~. go ~3