New-York tribune., 1879-04-12
CHARGrS AGAINST ERIE OFFICIALS.
RTyGyING AN OLD SCANDAL II AN ENGLISH PAPER
DENIAL OF THESE STORIES By wELL-KN0wN
DTRFCTOR,

RTVIyING AN OLD SCANDAL II AN ENGLISH PAPER
DENIAL OF THESE STORIES By WELL-KNOwN
DIRECTOR.
Tn recent attack on the present manage
nlppt Of the Erie Railroad a London newspaper
publisned series OF letters and dispatches relative 10
the reorganization of the company which purpoIt to
have passed during the latter part Of 1877 and the
early months OF 1873 between Hugh j. Jewett, then
receiver of the road. j. ID. Ayers, the agent
Of the English trustees, and others interested
in the reorganization Of the company In the
article the charge - made that tie property has been
plunged deeper and deeper into debt; lawsuits have
multiplied and Mr.. Jewet has not rendered any salts
factory account Of his stewardship Reference Is made
10 t another suit against the directors brought to re-
coycr the sum of 1888. 900, which paid
q dividend in 1873 The suit Is brought by the
National Park Bank the ground that the dividend was
paid out of capital and was thus fraud upon the STOCK
holders and creditors of the company.
An extract from letter dated January To- ISIS, from
7 d. Aycls at New-York, to +. W. Powell, at London,
refers to the decision OF Judge Brady, by which the
foreclosure sale postponed "a follows: Our re-
oura or Justice must Daniels, for that Brady
has been nmpered with entertain no doubt" In ref
epce 10 this statement the writer the article declares
tlat Judge Brady man OF most unsulied rcputa-
tiou and utterly beyond reach of reproach"
In regard to the affairs ana management of the Eric
Road a director of the company last evening said
what has the reconstruction scheme done for the Ecc
Roadi II has put an end 300 law suits against the
company and relieved the road OF millions Of indebte-
ness Thcre been increase in the companys debt.
and there is now existing suit against tine present
company. The road IL doing vast business, rcapng
now the benefit OF s change OF gau ana tha business
viii be increased still further by the Northern
connections winch VIII be completed soon. The
Company purposes in short time TO exend Sl,50OOOO
IN the Improvement OF It's terminal aclhes AZ jersey
Cuy Why, the reorganization j. complete and abSo
Into success II is very likely that these letters aud dis
patches may be authentic; see IN them nothing to
rad me to doubt it, but the inferenc"s and conclusions
arr the vericst bosh A. 10 the charge against hr.
Jewett that be has not rendered any account or hs
stewardship it Is absurdy false. His accounts as
receiver have been examined by referee and his er-
animation confirmed by second reference; they have
been passed by he Court aud Mr.. Jcwett discharged
from an the Obligations OF the trust.
In regard To the suits recently begun for the TecOv
cry of the dividend l. IN IN NJ ~ % MriS h bnd
bee n made planlf The dividend was declared by the
thc road II was declared honestly, aud honestly paid.
ON account. that had passed the scrutiny OF the officers
Uo,,cy OF cclarin so small dividend but the direc
Tor. urged that the company was bQuhd 10 pay us earn
nTccros appart nily by the National Park Bank.
Discontinued by the unanimous Voto OF us directors,
Who ordered an apology made 20 the persons against
whom the suits were brought.
The ausion to Judge Brady recalls an unfortunate
Iudgc Brady's innocence Of the imputed wrong. An
api cation had been made In behalf OF Mr. MclIenry
tot stay oi proceedings Judge bIady n'd tu, MATER
under aavsemcnt Tor some time aud hnally gave Ms
decision ~ the presence oi the counsel Tor both Sgs
VINO nad requested 70 attend Tor that purpose By
nj, decision tue sao was postponed Tor thirty
davs IL aitcrward appeared that hye days
before this public decision In New-lOrk Mr..
NrIi,ury had published IN London tie fact that
the sale would De thu, postponed having received M
nrutatun To that effect from bis NcwlOrk counsel
rre,uru bly, -ckcs The tact that he thus could gain
possession OF knowledge OF Judge Bradys intended de-
ris.on i've days before u made in Ncw-lOrk uatu
rally gave rise on part OF those who did not know
.Iudrc Brady, To unpleasant comments How the fact
leaked ont that Sickles enabled 10 communicate
n 10 MclIcuty never EXPLAINED but no one who
EuoN- the character OF Judge Brady VIII hesitate 10 be-
u,yc that 10 was thrOuoh no fault OF his own