, 1879-02-22
THE RAILWAYS.
Confirmation by Gable Of the
News OF Erie's Great.
Acquisition.
Tho Atlantic - Grcnt Western
Passes into it's Control.
Importance Of This Accession to the
Anti-Vaudorbilt Interest.

THE ERIE ARRANGEMENT.
Fststai Dfsnatch 10 7As Tribune.
NEW roHK, Feb 2t.-A private rnblc dispatch
last week caye Information that the Atlantic d
Hreat Wrs,crn railroad Trustees had resolved
to lease that road 10 the New York, Lake Eflc
4. Western Company ou exceedingly favorable
tcrus, but the story was so fatty denied
by President Jcwctt, Secretary Mccullough,
an1 other oflIccrs and Directors of tho
latter Company hcFu shnt It was generally re-
gardcd as stock. .job..lng canard. "To.day,"
says tho 71nst, "thc report was repeated on
Wall street; and President Jcwett at enec pr"-
nounccd 1t irur. lie had, lie said, re-
etlsc1 from Hir Edward Watklna, Cha's-
man Of liz. Estu Reconstruction Constnst'
tse III London, Gallo dispatch Informing
lin tl1nt. ut nscotlng Ut tho Atlal'tte & Grcat
Western Tr,,stera In that city "Wednesday, ,he
It'll inst, H. Hns unanimously resolved IL cub
Init a proposition involving tho foreclosure md
reconstruction Ut thnt ruad mud It's leasc to
thu Eric for nthcty'n!nc ycars. Mr.. jew
ctt raferrel the rcpprtHr to 8.
j.. N. Barlow, counsel Of the road. II
can safely sny, huwever,' nl!t1cd ME. Jcwett,
That, II the proposition s rs favorable as have
hccn advised, IT wilt lo submitted to tin
Directors aud Trustees Of our road and bu
eo""fHts"' "r' h'l'"" ea'c 1''e prti'osl3
.,oh u, ol the Atha1'c ufeat "esleth
lras'ees rs io,.""s: ING loFeclosufo
psoseca"ss y renaln9 .of lures yearS
=" oilo' ienms5''an'n ana az" o1"' asc 10 oc
''asteMea. 4"ceo INV pecn u'hei n''''ee '',o
eo1euno"''oh .'o''eAs', '"e'u"tt.H "see' eceoH"'
u'!., 'htu ''''.eaIe' a'onn,' III W.. aeet'kate
W.. W. as aes,ueo nan '.'ehs atue" ~ .'e aoo,e
s0'''.oo'' 9 ~ u"a'' t'' ,,' n.'a"sc,ns"u n"'a'
Nv Nv wv s'a'o !" u' es'suiua'nn' =, ~, ~, .no
''o ohso' w !"l''n "'o .sast' y. e,,i'%aoo'
W. Nas 'aue nls1 ,s't ~ p!sctnee ~. u.hsss
vi ,'ae aaes,., nrn"nr t h ',tI ",' ~,
wiped out, mud tho net result will be divided
nu1onr tlIa holders OF tho consolidated morl-
rurc. new mot,paro fs tn ba issued 10 take
Up tic Ohio mortgage, tho Receivers certificates
amounting now TO about ssou,ooo and the
Court ices. 'rhc aggregate SUN needed will DO
botwcen s4.ooooOo and s5,oa. 900, Yh,s Is to
I,ear ,,,,.roat NJ n ner c.,,, NM onnnn, thc
Interest 10 ho Guaranteed ''Y tne New 4os"'
siacra.on therfor, thu not earnings Of tic
Atlantic 4, Grant ,vcstcru Road. oftcr pny,nent
u 'ntcf"3s, sns'l w ul4saeu ~ 'no p,.p"st'on =,
two-ttirls to tic Atlantic d Great Western md
organization ars not known, but #
l.. Ai.,k atn
Is lh'efrea t.aG ne" no,us a"" various
urc to be issued to tl,c old bontll,ollrrs aud
stockhollvrs Of lilo Atlantic & Gycns Western,
,rro viii ho wiurd ont, bv The foreclosure.
10y ~ tt,.... a.. ,.'"t ....,,,,,. hs
hhl that '''e t~otA,5us u she MT earnings ~
fore mentioned Will bc pa'i to these III The
order Of priority. 1ila Atlantic Il Great
Wr,tcr,, Trustrcs nre .u raisc money bv thc
,.su" - r.n,etrt,c,1,u ho",,a o,,1 th,a il r. he
'ss"c VI eoNe' !ue1'o', po"u0' nv. t"' - o'
p.nccta ut the disposal OF the Acw York, Lake
Eric 4 Western COMPANY for purposes OF equip.
mcut, and for tlp lnylng oi third rail 20 Us to
,,,,.r,',," ",,n,,t,o ~, r,.d II Ia oattnotc,l
,i,"t ,h c,ct nf Ihis ,,A, II" i9l,t'
~ e,.Ds o,.S 49, tin".;o e. 1iro,t vcatnrr rntis
w. o'a 1.sa xs s,m IN, az ~. 80 ,,',. ,o.,I
ea! he su ~. ~ .u pIr WI, LIN NV ele.t ~
as III guy Wv pn'SsSa Ill.,. ,,a,. ~ ~ , s.r,,,,no,ti -
~ PeF fu u,r1nn ro '"'"u ~ ~ ~ rria iii +,
M salu All. bar'oT. ~ Lraa !,,n-,,t.n "a' ~ ~
isGry ssens. tn. ,mo ,,,,,,,a,,a a,oo M,
interest 1n ~. .'.J1s: 1 so,, s',quU9 ',oo'
IL y WI ~ Mat rsSno su ~, ~, i -
~ teal ~, ~ ~ -, ,s,s. rt, n ho
t,i,.e ~ III .s ,yiIs r,,uc H. rsL ,nk"m i,v ahos
ENc! tp Gs'1 WV fsu.i.o t"c LII LII 'Asn W.. ~ e
ohu'uali. iHe !nLIc1 WI 1,t..s. na'n ..,
VII " o'1eo , u ~ w NV. ,.nr Mia " n, u",st
SsINitl mr. mia by tl", Like Hhoro RoaIi. tIc
Competitor of tIlc Atlantic IL Great WESTERN
| ''T1c ATLANTIC & Grtnt Western runs from
Salamanca 70 nasioll, hna. wltn ttS osaheles
n .esf H. ts ssh' on, tat H. ',a ~ nacciy
rrs In tS,7. u,tt wps lcascu 10 Eric In pe-
| cernlpr, 1hG9. Il Inns becn In charge
nf ke cciser, Dcvereamx since Dec: ~, lo74;
Jahles H. llonaklI, !icsaent y! NY oLnsa Line.
oses utet.h . E.'n,I' ,t i,,sc y ~ ,'y H.
.u,"n5 :" ~ u.at,r,, HI mn;.a ,rIi "rnI.
@ @tttat 81, ~ ~ r,...,,, ~ 49, r"',rtrn,;,y ,tfnn
| lHb AultEtA o'HtcF !%ott'A e1fntfi"t