New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1879-07-11
ERIE RAILVAY MAN4GEME8T

WORK OF TIE ASSEMBLY COMMITTEE
Mr.. JEwrTT's SALARY AS President AND RE-
CRIyEG or THE ERIE RAUWAY-THE REPORTS
OF TIE CoMPANY--AN ATTACK UPON WITNESS.
The Assembly Railroad Committee continued
It's work Yesterday. The entire session was occupied III
the examination Of George Balcb, who prepared the
annual reports OF the Erie Railway from 1874 TO 1873
Mr. Baloh Oh Wednesday had testified that TIE reports
din not contain mention OF over two millions OF debt
that ought 10 have been included under the head OF
floating debt" The counse. OF the company, eIJude
sbipman therefore subj eeted Mr.. Balch TO
cross-cx ANIMATION. Ii Was shown that Mr. Jewetts
annual reports the stockholders contained statements
OF the debt declared TO be suppressed.
Mr. Balch testified that when the Eric Railway was
sold the Court copy OF the inventory OF The property OF
the company was taken to the place OF sale aud repre-
s-pted AS the full inventory. HOW much ol tho prop
orty WAS ri ,htly In the inventory question which
referee was now deciding. Mr. Jewctt had stIll some
rouerly IN his hands receiver or tho Erie Railway
the Grand Opera House for instance, and securities
worth $3.50 800. Mr. Jewett received salary - pEcs
dent OF the Eric Railway OF $4,000 and bonus of
5OOOO for Ten Years. service to be paid In notes. The
sum of $50 900 OF this bonus paid In advance to
HIM and The sum OF $2j 900 after the road into his
hands As receiver He appointed president in 1874
and receiyerin so As receiver Mr. Jewet received
a salary OF $4,000 year.
Ty-Judge supman-Al these matters have been made
puNic before. Iney are Drought mp now 10 Jlc Ml
J.wctt They are Ike that scheme year ago TO con-
Wet him or perjury statements furnished TO him by
the witness Al part OF plot OF desperate adj
ysnturer Ia London to compel the company to comprO
mise a sut It had brought against him for $2,OOO,OOO.
Day before yesterday the Master Of the Roll, decided IN
London that this man should pay US the S2.OO0OO0
Mr. Ba'ch was then cross-QucstOnod by ox-Judse
shpman. The witness said that 10 was 1ity years
age Before entered the service Of the Erie Railway
he was in the regular Army and manufacturer at
lion aad Troy. At the request OF exJudge Shipman
the witness then identified several letters that he wrote
to Mr.. Jewett while IN the employ OF the Erie Railway.
After the identification the witness said that n his pr
vate character business relations with the Efo Rail
way were be attacked he desired TO have the assist
auce OF counsel. ExJudge Shlpman thereupon caused
to be read Mr. Jewetrs letter 30 Mr.. Balch when the
latter discharged from the service OF the company
| IN May, 1873. Mr.. Jewett in his letter accused Mr.
Bach of having pcrsisteny for years decrled hts ad
| ministraton OF the road, aud OF having nc one
| time assisted persons who were endeayorinG
| 70 break down that administration. Mr.. Jewet
also said that he disappointed when MIR
Balch did not assume responsibility for tn,
yearly financial statements OF the company when AFR
Jewett was charged with perjury. Mr. Balch read hi
letter In reply TO Mr. Jewett II was very long anC
inaiply was statement OF his disagreement With Dir