The New York herald., 1879-11-26

in reported interview aud the stock fell of few
points but an army of incredulous people remained
and it thought that the owner of Central would
WELD his influence over Erie by means too indirect
10 be discovered.
HAPPY WITH EITHER.
little story is told about an interview between
Mr.. Vanderbilt and certain speculator who is well
enough known TO Wall street. The latter brought
up the ruInor that Nh Vanderbilt was looking for
the control OF Erie.
what do want of Erie?" asked the railroad mag
nste.
'Gag the opposition" was the response.
why, said Mr. Vanderbilt. 'because own the
New York Central am called by the press grasp
ing monopolist or a sort of boa constructor that
wants to wind itself about the State and crush it. II
owned Erie. too. don't know what they would
say of me. Why, could not live IN New York"
On Monday morning Erie opened in the market ut
3S y ana broke down at the close 35zS. Yesterday
Opening at about 35. 1t squirmed round and round
and up and down. going az high as 3TsS and low
as SO aud closing strongly at 1864. The last sales
were made OF course, with knowledge of the re-
suit OF the election.
The voting occurred In the general managers
room of the Erie Building at the junction Of Reade
aud Duane streets with West. The polls were
opened At noon and closed at two o'clock. Judge
George Tcknor Curtis, Judge j. G. Spencer and Mr..
James ii. Fay presided over the election. For the
nrst hour but few votes were cast the mass OF them
69S.323 votes Mr.. Jewett 642,9l2.
THE NEW BOARD.
Following are the of the gentlemen who were
unanimously elected directors :-Mcssrs. Theron Il.
Butler, Thomas Dickson, Harrison Durkee. James
j. Goodwin. Il. Suydam Grant. Solomon s. Guthrie.
Hugh j. Jewett. John Taylor Johuston, James X.
keene, Edwin ID. Morgan, Courtlandt Palmer, Homer
Ramsdell. Henry g. Stebbins william l.. Strong aud
John Lowber Welsh. The new members are Messrs.
Harrison Durkee. William l.. Strong, Thomas Dick
and James X. Keene. all OF New York city. who
take the places i'll the former Board of Messrs.
William Waiter Phelps, Samuel Sloan, George Il.
Talman and David A. Wells. About one-haK OF tho
stock and bonds was represented in the vote given
above. The election utterly devoid of excite
ment. except upon the street.
As to the results. 1t had been asserted that the
Vanderbilt story would either be confirmed dssi-
pated by the election; but, judging from the talk
on Change after the result was known. the rumors
were nearer settlement than ever. Those who
believed them false before now feel snre OF 1t. They
say the result is indicative of change whatever
in the management and that the new members are
not identified with Mr. Vanderbilts interests. They
claim that the voting showed nothing in effect be-
yond expression of confidence in the manage
ment OF Mr.. Jewett. On the other side were found
men who believed that the members OF the
Board were Enthusiastically elected in the in-
terests OF Mr.. Vanderbilt and it was, moreover.
claimed that several of the reelected directors
of the color. Among those pointed out as hav-
in this business were Messrs. Edwin d. Morgan Il.
Suydam Graut and Homer Ramsdell Some even
believed that Mr.. Jewett hnis elf more less in
alliance with the owner Of Central. When the officers
of the company were spoken to upon the subject
they denied that Vanderbilt representative had
been elected and said the new directors did not
bring into Erie the influence OF any particular rail-
Board Is represented by the same persons in the
old. The vote upon the registered bonds was very
heavy. No meeting was held in addition to the cleo
tion nor statement or financial exhibit displayed