The New York herald., 1875-07-13
WALL STREET NOTES.


ANOTHER PLUM FOR PACIFIC MA1L-FoREcLoE+
URE IN NEW YORK AND oswEao MIDLAND
coNuNDEUM IN ERIE, AND A MEETING THAT
GIVES IT UP.
Further negotiations on the part OF The Pacinc
Mail Company looking TO the extension OF thes
trade In the Pacific and the employment OF thetx
large neet OF sidewhee steamers, which hayg
formed the staple OF much OF the gossip OF the
street OF late, took definite shape yesterday In the
announcement that the company had made ar
rangements with the Wellington Coal Mine Com
pany, OF Puget Sound, British Columbia, for tina
transportation OF their coal TO market; also, fon
the supply OF the company's steamers, the latter
at cost at the mine oil SIS so per ton This, the
company claims insures them a saving OF forty
per cent In this Item OF speculation. IL was furs
ther stated that subsidy OF $4,000 had been obs
tained from British Columbia for a mail service
between tnat colony and san Francisco. The Ions
don Times OF June 20 contained the folio wing res
specting
THE AUSTRALIAN AND NEW ZEALAND CONTRACTS.
The subjoined notice regarding new mail contracA
with the California line OF steamers entered into bY
GrI r s Ns
and San francisco mail service has been concluded be
ment OF New south Wales and Mr. Thomas Ru sell act
ts ths Facidc Mani stesmship Company Of New YORK
Me oPn Eide. E6 CO.. Of GnsgSw and n Mr.
ne II to be period Of eight years speed Of
tons with great power ana having passenger accommo
da1on spscaty ~ sudIea aof Tue ne S
La awrence Ciark Co.
NEW YORK AND oswEeo MIDLAND
The purchasing committee OF the first mortgage
bondholders OF the New York and Oswcgo MIDI
land road gave notice that decree OF foreclosure
is to be entered to-day July 80, and that
81 7se, 900 OF the bonds nave been deposited with
the Jorda n COwdrey Com ulttee to partclpate Ir
the purchase OF the road.
A CONUEDRUM IN ERIE
printed sin, OF which the folio wing is copy
was extensively circulated about tne street yes-
terday -
are invited to meet at room ~ Demoneos corner OF
day, to discuss matters relative to election tomorrow
1875 hold oce until the last Of NoVe@ber I 0i
lis more important to select proper Board now
n ERIE c6&&IPfEE SRrTfd ~ 81 GILotSDoN
This was all. No date was attached and no ex@
commtttee although It was well known that tho
original Protection Committee had been formaYs
however, thar George McHenry, a brother OF
James hcHenry, had recently organized himself
into a so-called protection committee, and thtA
pretentous signature was surmlsed to mean MIN,
which surmi.e. as the events proved was correctl
Beyond casual gossip, sach as is here noted. ousE
little interest was manifested In the call on rhel
street, the German bankers Interested In Erie tak-
Ing pains, however. to reDudiate any connecticut
with II or Its possible object. At four P. NJ, the
hour appointed Tor
TIE MEETING.
some dozen or more brokers' with another dozen.J
perhaps, brokers' clerks ana the usual strong re-
portorla representation wnen the occasion has a.
spice OF mystery in IT, nad assembled in room 10
Delmonco's, la response the call, Shortly
after that hour the meeting was called
to order oy Mr.. John Livingston movlnGl
Mr.. John Livingston into the chair. Mr.. Iving-t
stone WIN be recognized as a late contributor To
the literature OF Erie IN the recent publication OF
surely say, trlte subject Having taken the chair
MT, MI, LiVlngston startied the meeting BY the sn-
Instance OF certain shareholders in London dis
satisfied with the present management, 1t was
TOO LATE TO DO ANYTHING
now. Blank amazement shone upon the faces OF
MS AUDITORY IN view oi this seeming summary
wlnd-up Of q proceeding wnich had appeared to
promise great results, and one could almost note
the unanimous reflection in every man's mind,
II $50 soon that done for,
This being a conundrum and too much for them
they gave 1t up, and some left. Not so Mr.. Liv9
1ngsIon, however, who, having brought these
they were worth hearing or not or pointed to any
consequence was not 70 be disappointed in de,
nverl1g them. His remarks at first were recital Of
INCIDENTS IN TUE HISTORY OF ERIE,
OF which the back flies Of the HERALD contain
faithful reports so that 1t s unnecessary to reporE
wnat was said on that mead. Coming down to tho
present management and its immediate predeces-r
sor he stated that In three years the Erie debt hac
been increased $50 000 900, or $40, ,000 900 year.
with nothing to show for IL but some worthiessl
coal lands aud the return 10 Messrs Bschodsheirn3
Goldsmlth OF $75oOOO, advanced by them for the,
military chest OF the expedition which captured,
tue Grand Opera House and drove Fisk and Gouidl
into exile lie then related the proceedings at an
election meeting under the new regime at which.
he represented i've shares another gentleman 100
shares, third one share and fourth 10000,
snares He happened TO 90 out 10 get a.
bite OF lunch, and when ne returned found
that the 100 shares and the one share In connec-
ton with the 100000 shares had passed series OF
resolutions IN the name OF the stockholders ap-,
growing all the acts OF the previous direction
Referring to the Classification aot, he stated that
an effort had been made during MIR. Watson's ad-
mlnstraton TO have that act re-enacted, bus that
through the exsrtions OF Mr.. Eyarts and himself
acting Tor the English stockholders, the oil was
defeated in the Senate, where 1t originated.
Another enort was made last winter to reyive the
S act In tns same "a 6no 9 taas a
but ho again defeated that, and through his inter-
cession Governor Tiiden held over the bill one day
beyond the period required to give notlco or such
change, 20 that the present direction could not
avail themselves OF that provision. Muon more.
IN REGARD TO PROXIES AND THE TRANSFER BOOKS,
OF which he stated he had copy, With the only
result, however, OF advice 10 those present to
see that no one voted On q share he aid not ac-
tually own. The law imposes q fine OF IS for each,
upon Finding l. Won Holman d %. registered
for e11 000, 900 stock he called them to solicit
their proxes, aud they informed him that theyi
share OF Erie for years. similar statement
was made to him by another house. whose name
M ws soc wos q
the meeting II he contemplated any certain
challenge Of any vote or proxy offered, he said haI
Rugges, VINO rendered the c0nundrum more difii-'
cult OF solution. He thought Erie shares were
worth nothing; that IL was too late to Organizes
the road was In the nauds OF q receiver who IL "a
report its condition soon. This meeting was goOG'
for nothing but talk Puly impressed with the!
force and pertiuence OF Mr. RugRies remarks tho
meeting shortly after adjourned.
Aner the meeting when asked for the names Of
acting, Mr.; Livingston gave the name Of George
heAanrE- but no aLhara