The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1877-06-22
NEW YORK HERALD, FRIDAY JUNE o. l877-rR1pLE SHEET

dcmned BY Its provisions mon could be retained In
once who were neither acceptable 70 the domestic or
foreign stockholders, and u ID safe 10 that II was
this act that FIRST organized the English opposition TO
the management Of the road that ultimately resulted
IN the dismemberment- OF the direction. With tho
charges OF Mr.. Townsend, therefore, as what was
done 10 influence Legislation In favor OF company
We havo nothing 10 do; and as FAR a. noticing any
vague charges OF improper Influences having been used
by persons connected with this company shall have
nothing 10 say until they shah be made specific. and
their gravity shall merit our denial Investigation -
DEPEw's VIEWS.
Mr.. Chauncey n. Dcpew, tho counsellor OF the Cen
Ia road was sought, and the following conversation
cnsued:-
REroRrgs--Mr. Dcpew. what is your UNDERSTANDING
Of t6e present difficulty between Mr.. Townsend aud
Mr. pEpsw-lt is . very pretty quarrel as 1t stands.
HErohrER-How do tho charges Affect the Central
Railroad Company?
Mr. DErgw There are no specific items. Mr. Town
send mentions no names he does not gyo dates
and although his general statements are damaging "
Mr. Fairchid these will not Do accepted by the public
as conclusive evidence OF fraud or co!lusou.
RLPoRrk1-Do you consider the charge Of insinccr-
ity well ioundeds Mr. Farchild agreed, IL seems
to show me evidence submitted 10 anybody, yet he
seems 10 have had private counsel to guide him.
Mr. DkrLw--Wel snpposo sou may so TO u father
for ADVICE, and Mr.. sydney Fairchd is one OF Tho
ATTEST lawyers in the State oil New York. and the
inheri,s the lighting qualities OF his Iathcr.
KKPogrER--How about Mr.. rildcn.
Mr. DErRw with smile cnild-likc aud b'and)-fhat
does seem queer, doesn't ts icross-ex aiming tho
World newspaper is ansasonizins Mr. Fairch;ld while
supporting Mr.. iildeay
TUE sisig RAILWAY Aap THE RING.
Mr.. JGwett was not n his ONCE when the reporter
called yesterday, but prominent olc~r OF the com
pany stated that the Classification act WAS ny no
means orignai with that company, but had previously
been adopted by Western aud Pennsylvania railroad
companies to prevent miSenlevous legislation, or
tnat IA winch stockholders holding small amount
OF stock should onbarrass the operations OF great
corporation by processes tedious tending TO The
deterioration and destruction OF tho prop
erty. rhe ST. Paul Railway Company, Rock
Island, Pcnnsylvnnis aud other corporations
uus far
the purpose Of preventing damaging delays oil certain
improvements aud also TO esop reckless
NAL street from making combinations TO manage
elections Therefore the siur III Mr. rownscnds letter
OF the law OF 1860 having been engu
by the Eric Company, false. especially 50 tar us
tho com pany now constituted was concerned. but
Of course The gentleman speaking could say how
"a, .nc "u nahnseIs nsu assieu themselves OF techn-
cates TO further their own interests and keep them
selves In power.
INSURANCE RING.
Dit. William H. Grace vi No. Oh Pine street, was
waited on by reporter 10 order that DENIAL
confirmation OF tho asinuation regard 10 un nsur
ance ring should DO Genicd or confirmed. Mr. Grace
consult alton with his lawyers. Messrs Coudcrt
brothers. IA Wall street. and was sscertnined that Air.
John r. ONeil was in quiet possession OF the oces of
the Continental Lie Insurance Company. II was the
wish OF MI. Grace that nothing should be said either
TO confirm or deny the aiiirmation OF Mr.. Townsend.
IL must be added however, that the rumors OF n
surance ring, with political and pccunary objects,
wero heard Oh many Sides 1t was described as oven
tanning the Judiciary.
ALpEnaAxrc COMMENTS
The majority OF the Board OF Aldermen evidently
not u reading class When button holed 10 ascertain
their opinions relative 10 the statements down In
the Townsend letter as TO Attorney General Fairchid
connection with the Tweed case, nearly all OF them
replied that they did not have opportunity digest
ing the ponderous document
al have been running around the depart nearly
all day. said Alderman shols, land did not have n
moment 10 spare. l merely glanced at the leading
points OF the communication From tho few sentences
did notice. II looks like very ugly scrape for Fair
child"
Alderman Tuomoy said :--"From what | have soon
OF Mr.. Townsend's letter think he has given the At
torIcy General u tremendous overhaulngn
Alderman GUSTzER-That was very long lctter-six
mortal columns viii try and get through with read
ing II To- night
Alderman SLEviS-Twced seems TO have able de-
fender In John d. Townsend. The letter Is written
with vigor and puts Mr.. Farchiid III very 10
light.
Alderman M orris Of the opinion that II was q
personu night between Townsend and Fairchild ssrhe
former has evidently got the best OF the light tho
Attorney General Will have difficult time explain
his position
The general tenor OF remarks among the other Al
dermen was strongly in sympathy with TOWNSEND 8
side OF the controversy. One OF them said that il
seemed the purpose OF the Attorney General TO worry
Tweed to DEATH as dead men tell tales Two OF
them objected to saying anything on tho subject.
Ring matters seem 10 be delicate mater Tor some
OF the Aldermen TO touch upon.
THE LITTLE JOKER.
Carolap OBJ. Bryant, who bus becn under every
thnble in this little game says he Is preparing state
mcnt that Will surprise many people.