The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1876-04-13
FOREIGN.
By American Press Association to the STAR.
REPORT ON THE ERIE ROAD.

By American Press Association to the srAR.
REPORT ON THE ERIE ROAD.
LONDON, April 13.-The report Of the
English delegates to investigate the
condition Of the Erie Railway is issued.
Accompanying the report Is, letter
from President Jewett, recommending
to the bondholders the funding of the
earnings Tor several years longer. The
report assumes the average yearly net
earnings to be $4, 100000. The delegates
say the net earnings Of the first four
months Of the present year are most
unsatis factory. They believe President
Jewett to be honest, but that his ill
health prevents him giving the affairs of
the road his personal supervision.
They believe The conditions necessary
for the successful reorganization of the
road are an effective control of its man.
agement by the bondholders and the
res estoration of equilibrium between the
compulsory interest charged on the
mortgage debt and the minimum earn
ings; also that provisions should be
| made for narrow-gauging the line. They
suggest that shareholders should place
| majority of stock in the hands OF trus-
| tees appointed by bondholders; they
also recommend the funding OF the Sep
| to run five years, and all olher coupons
| in second mortgage bonds running five
years. Pending decision as to stock
holders Willingness to vest their shares
in trustees, the delegates suggest that
| the Committee vigorously proceed 10 a
| foreclosure Of the road.
| FROM SAMOA.
| SAN FRANCISCO, April 13.--News from
| Samoa is conflicting. Correspondence
published in the New Zealand Star OF
| March 13 says that the natives have be-
come dissatisfied on account OF demands
for funds MADE by SteiDberger for himsel
| Malistoa requested U. s. Consul Fos-
| ter. by letter, to rid him of Steinberger,
| lie having come to the conclusion that
| he was fraud. Mr.. Foster applied 10
| Capt. otearns, OF Her British Majesty's
ship Barracuda, and meeting was held,
| in which the King denounced Steinberger
as a liar and impOstor, and responsible
| for the trouble between the Government
and the foreign representatives Stein.
berger was then placed In confinement
on board the Barracuda, where he re-
NAMED at last advices.
Frauk. Platt, who left Samoa several
days before these reported occurrences,
states: There is no truth in the report,
as when he left the King and Steinberger
were on confidential terms. He states
that the London Missionary Society o.
Samoa Ia at the bottom OF the trouble
The Innovations introduced by Stein.
berger are interfering with their income
Also, certain European companies, who
have had monopoly OF trade, feared
the influence of an American In power
on the Islands, and that Foster had been
made the tool Of the conspirators. The
United States ship Tuscarora is ex
pected shortly at the Islands. Platt Ii
on his way to Washington with dis
patches.
NOTORIOUS AMERICANS ABROAD.
LONDON, April l3.-Winslow is better
and official instructions are expected q
the American Embassy next week con
cerning his case.
Gray, the forger, who is also held fol
extradition to the United States, wa.
brought up for examination in Court to
day, and was again remanded unit
Thursday next.
Detective officers from the United
States are expected to arrive per steam
er Algeria, in connection with til,
charges against Gray.