New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1877-12-28
RAILWAY INTERESTS.
EXAMINING FRIES ACCOUNTS.
REASONS FOR THE UNEXPECTED ACTION OF TIE
ATTORNEY-GENERAI.


Receiver Jewett was astOnished yesterday by
a demand made in the name Of Attorney General FAIR
child for an examination OF the books and ac-
cOunts OF tho Erie Railway Company From
the statements Published month coming from Mr.
Pairchl1 and from those made by him u the friends OF
the present management, 1t not believed that he
would take any action hostile 10 Mr. Jewett. As Mr.
Farehild's term Of office will expire IA three days. It was
not Thought possible that be could make satisfactory
examination covering accounts OF three years' bus-
ness and about 500 100000. friend of The present
management remarked When Mr.. Jewcit TOOK charge
OF the Erie Raiyay, he little supposed that he should
have to contend not only against the men who had plum
dcrcd the company but also against the highest power
Of the State" Five six Of The Attorney Gen raFs
accountants we're busily engaged with the receivers
books yesterday
Mr. Farchilds representatives in This city say that
the examination is undertaken for the purpose OF ac-
counting in suit of the People against Ere an acton
which, they say, properly preeedes secn order OF MS
continuance the first having been revoked. Francis &
Barlow-who with his partner Peter r. Olney' Is acting
for the Attorney General in the rcopenng OF TIE cas-
made last evening this statement regarding the pro
cccdng:
In May, 1874 a foreclosure suit was begun by the
People aga the Erie Railway. nave uh lei't2,i
however thar the SUIT really set ON OpI ny INC E'e
people themselves, To gan an advantage over t ONlS
Thr court 81 the suggestion or AtterneyGcurrl Pratt
appointed the receiver, Hugh j. Jewett. AnonR tn1
defendants in this suit werO ~" RAJ ncis Loan anu
Trust Company and Bancroft. Davis. who hed or repre-
sented large interests ~ Ere' j. 'tn q',a S
i'm bob eases which were tIcd before mcs G. Scncrr
~ g .n w nam W NarFlrland attor ey for Hugh j.
Jewett and the Erie Railway, on the a't day OF At0
nov General Patt's tclm obtained order for the Dis
nognnauce OF the suit h, gun by the people. But NJ
WTnr3and lid not make u,e OF thc order OF dis
continuance. because an accounting IFt H't Dt'h
made James C. Spencer, the referee - TIE other
suits had been passing on tne accounts 81 te rcNer
from time to time Ana as there was q Willingness Oh
tire part OF the AtornryG neral, ard al parue, coz
cerned to dismiss receiver IN the suit of the people
II was considered that tue accounting maze bI M
referee in tue smt Of T. mer Loan and Trust Com
pany and would answer for the accounting
On ' Noyew6er Ia 1877 Attorney Farchnd was
ma c acqUauted with the a. cum tt'c Tor ~" hi-i
time, hiuk and was disposed To- allow tue "rler Of
dsc0ntnuance 10 be- Issued accepting me Ac'o"h ~
made by Mr. Spencer IN the other Two srs. Bat tAe
counsel for the p.aniis "a tne heliSny io ogr,.,o
rhe snit the Farmers Loan and Trust mp uy, and
urged the prupriey mHbing ecIal eNdmin uUn nl
the accounts III the SUIT by HE people All, rhe' Toner"
Fairchid thcrcupOn revoked Ais previously giNti
pernslon have the suit discontinued Oh r spencer,
accounting and te that It was as duty To OBTAIN az
duual that the Rec, liver in the SUIT " TIE
people had properly discharged hs duly.
MORE FROM MHENEY.
James McHenry Gas issued a circular N England,
dated December 10, in which he charges Mr. Morris
with going over the interests Of the present Ere
MANAGEMENT, and that legal proceedings have been
taken with objects: Torrmove the pres rceyer
TO abrogae in gal contracts 20 conto The management
by London cunlnit'' To make Gear Ue Shl'i'gy, az
the company before as-hAnE new Ohigili u.s. 10 Ilt
obi cations 10 me extent or us means u
strict prures, carry the present Iti2do To IT. e-
ga cluci 4un aud 90 develop present ana craze new
traffic by cheap fares liked for Ong pegOisl and Whon
lrr
In another circular dated December 10, Mr. NcHenry
declares that DEGREES of foreclosure announced by
the Rrrons urtiOH Committee, November - nave no.
obtained, and that tie sale cannot nave pe' ON
cilly fixed tor January u, or any other ilme Va MS
COMPLAINT against the Farmers Loan and trust Com
pluv sworn Mr. nciienry's agent, hOfrTnper -
1877 stated thlt IN" decree Of foreclosure Vac
granted November 7, 1871
Mr. VI Henry has circulated IN England decision
of a iury in the Common Pleas Division Of tie Hl-t
Court o JuucatuTc OF England, TO the elect than Oh
January ~ 1873, the guarantee given hl MN 10 the
rIs the scheme for the reOr-n Zatlcn 81 TIE At
antic and Great Western Railroad Company OF eif e1-
uersas ceased b cause they refused TO act with MN
fuTfhcr, -,
During the last days the freight traffic upon the
Ell. ma unusually large, both through Freight aui
IDca! The laTye,t part of the through Ii nm MS D.
g-ain hOugh there is at present aNy mpfcihont
IN freight Of au kinds. About MY extra itti-ht /
trains arc being dispatched each day over
Inc Eastern Division. tor tins city. The company
is also trans porting % tons Of COIL day Tor the
PENNSYLVANIA Railroad from HaYley. Penn 10 tins clly
The Shipment, Of coal anj freight are - heavy that
enough engines cannot be furnished 10 forward Tie cars
over thr Eastern Division WitdOut sending engines Dhch
Ia Port Jfryis unattached 10 trains, The Western snip
ments gIt not being as large as the Eastern snip