, 1879-08-19

Tho Watl.1Knnwn Ftnanctht Agent IN I,nn-
don, Who fTns Nccont1y Fal1cl for Five
Million Dullmrs.

Apo FFtlhH1"H FHAHEHl AEGHL IN Q4Nf+
don. Who 1Ins Kecontly Falled for Five
Million Do1lnrs.
.nr'o iork Htrofd. Avg. IA,
Mr.. ]. Mcllcnry was well known In tho COM
mlin!ty for his many and lengthy 1tttgat!ons
with the Erie RAILWAY Company. His BIRTH
place Ia n rnntter OF doubt, but It Is claimed hy
lfs friends that In always boasted OF being m
American. lIo Is 60 years OF ngc, md about
tint distance back Ills father catne to thia cou,
try from tito North Of Ireland and settled In
Philadelphia, where Ito became we'll known ns n
practcinE physician. At hts death he left
handsome fortune. Young McT1onry received
good oduca.ton. Ills first appearance as u bust
ness man WAS as commission merchant in Liv-
crpool. Tie dealt principally In American dairy
products, and It Was owing to Him tint tho
The Engltsfl market. I. WA no strange sight
to Rcc thirty shtps containing American goNls
consigned to him at ono time. Prosperity,
forec Il M fa lie calicd his 'c creditors T sorolcr s
aud compromised with them for u small par
crntaga of thctr clnfms. This was about twenty
years ago. and then Mr.. MrIlenry began to DO
etfs't! raet for o ts 6nis sA o III st re"t rent
Western Railway, which he complctcd, thereby
fi''inC his golfers again and obtaining a largo
amount Of ita at0ck. At this time 1lu called hfa
baance d,ls them. pound for no,'nd. viii, q PER
cent interest. It Ii said Ut Mr. Mc1icnry That
he nut morn English cnp!tat in this cn1tntry
than tny mai, living. Ite was nlsn noted for
hIa own contributions In The Federal canae
during the War. and a!terwarl 10 Hospital a,ul
educational Institutions in the City OF Phi1a-
tts!clphin. 1n this 10 followed the example ot
his sister, Miss Mnrv Mcflcnry, who Is we'll
known 4 the CITY ii Brothcrly Love for her
generosity to the moor.
1t is singular fact TINT the Atlantic & Grcas
Western Roatl,, which he huiit,, has been the
is we'll known tlc managers OF tho Eric Rail-
way have been for u,any years trying to got
through route to West, 50 rs to co.nnete with
Ieunsylsan!a mud New York Centra Railroads.
to obtain cuntroi Of tho Atlantic & Great Western
anl tho Cloycant, Columbus, Cincinnati s. In
d!annpol1s Railroad Companies. Mcllcnry was
Of the opinion that connection with Er!e would
be Of benefit to tho Atlantic & Great Western
Railway, Of which he was tho largest stock
holder, nnd t,c was hcnrt md soul tn tho p1au.
Finally lease Of tho AlantIc s. Great Western
bonr sy 'isr The 1a manseoment NJ ZEN @ & II Fsk & t,oa,
hut thuso gentlemen subsequently reputliated It.
Mr.. Mellenry appealed to tho cn,lrts nnl
won, mud It will DO remembered how
le appeared with q squad OF Deputy.
shcriirs at THO ''rwenty-third street offices
OF the Erie Railway, and how Flsk and
Gould locked themselves in their privatc Offices
80 tint they could not be- served with tho cn'lrt
roughs in call In case II collision occurred.
Mriienry, how ever, was victorious, md Fisk
pm Ga,iltl l,ad to step down md out, the Pres-
tlcney of Erlc falling on the shoulders OF Peter
II. Watson. Under tho Inst gtntleman's nd
ntntstraton another lease of tho Atlantic Il
Great Western Kallway to Erie. was col!sunl-
matrtl. md for second time rcputlIatetl.
McIEonry'a real trouble. however, occurred
aftur lluvh !. .|cwett, the present President of
the Eric, had taken control. This WAS In 1871,
and Mr. jcwctt says TINT at TINT tins he found
tnt SCI, 900 900 bnltls Of tic Eric Company hail
been ISSUED anil placed In tho hands of Tho Lon
dun HAnklng Association aud Ut Mr.. McIIenrr
fnr aale, R,M tllat m account hal been rendered
Of n small tart only. Aftnr vainly entlcoyoring
to get MT accounting, Ntr. dcwet plnce.l tho nnt-
tcr In the lla,nls Of Mr.. lIuGl. Mccullough, nf
London, wtlo Ind no better SUCCESS, nnl SHIFTS
were then hrousllt-ono ngainst SfcllcnrY AMI
tho other against tho I.oninn Banking AsssrIa.
tion. In thu suit aganst stcftcnry, fe SGT up
M an offset to The c!aiu, OF Erie, certain p.lr.
csinEea of T., G., 6. IL I. Rnilrontl Stock which
lie clul1ne,l 10 hayu hecn n,ne BY the authority
nv Eric. 1hd tho ehse was argued in tho Court
f1T lARQ JHafn