New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-08-30
LOCAL MISCELLANY.
CYRUS W. FIELDS RESIGNATION.

HE GIVES Up HIS POSITION IN THE DIRECTORY or
THE MANHATTAN RAILWAY COMPANY.
1t was rumorcd Saturday that Cyrus W. fl .,a
had offered his resignation rs q memner oi .n'
Board of Directors Of the Manhattan Railway Ioll,,
paDy He was led to withdraw, it was statea. on
account Of his dissatisfaction with the proceeoT
of the Board of Arbitration chosen to settle tue u
ferences between the New-York aud Metropolitan a
Elevated Railroad Companies regarding the oaSi'
of union. .
Mr. Field said yesterday to q TRIBUNE reporter
that no was considerably surprised ana anhoycu a.
the reports winch had come to his ears regaru'ns
the step he has taken.
corning my motives III resigning ana my IeeiinLJ
toward the Board of Arbitration" he continued,
" and they cause me much surprise can OILY s ths
that they utterly. false, without, in fact' inc
slightest foundation" :. :.
1.-THE report of your resignation is correct, is II
not ~
"Oh yes. Yes Pm out Of the Board now
And your sgnatiOn is irrevOcabcP
Irrevocablc, sir. 1t was well-cous dered STEP
We'll. Mr. Field, regarding your opinion Vi 'ho
NV opinion of that Board" interrupted MT, Mr:
Field. is just this that if were TO choose ,n ~,
evening Board of Arbitrators. to which should DC
submitted questions of the greatest lmporlance W
me. could select no truer more Impartial men
than those. My confidence III their Integrity ana
my faith in their impartiality are unDouhueu.
When that Board was formed u was NY
own proposition that it should he composed or Tue
presidents Of the five leading trust companies OF tne
city. or any three of them And now L say 10 you
that in all tins city there are not IN my estiina-
ton. three more just and honorable or iesS
capable of any such thing as paItiality or favoi-
ism in matter of arbitration, that Tue
gentlemen composing the present b0iru vi
Arbitration of the elevated roads. shali
be glad If you will give that statement to the pun
lie, just forciby as YOU please Tor those geh,ie-
men may be somewhat surprised whcn tncy see
these false reports, and should like my refntatioh
OF them to appear at More than all tins, nave
never in any way expressed or intmared any
other opinion OF the Board thah the one nave "o"
given Won"
1T is also stated Mr. Field, that you are seeking
to deprive the Manhati al Company OF any snare III
the arrangements.
Well that Is about as true as the rest OF the
story; thai is il is utterly devoid of truth pro-
posed and still stand by the proposition. that that
matter should be left to the arbltrators. cant
understand how this whole story came TO be started
All there is about it Just this, that while retain
my place III the New-Iork Company, ! nave re-
signed my place as director OF the Manhattan
Mr. Field declined to say anything concerning his
reasons for re,Igning, but gave the impression mat
they were OF private nature ami iaa no important
bearing upon the management OF the elevated
ROADS. He furnished the reporter with the loilow-
ing letter:
rome Ed,tor Of The TribHme.
SIR: Ny attend has tbs nom Mt been called TO an
ar,ics oheo this mornings papers headed Crisis ~
J. Road An,ir' in which the reporter, failing TO nd
me, rcpcr,s bis conversation with "a gentleman
prominent IN financial CIRCLE" his gentle
m eppe tme belief that i favoritm las oee1
fore the Board OF Arbitrat'rs" Inis statement docs
not contain one word Of truth
Ihave never said thought that the arbitrators
showed felt iayurti-m To clturr party ITO not ne
Ieve there are three mora honorable lust men III
New 1rk. less capable of avoriti>m or partial
itv in any matter committed to tncm arbitrators.
There moro truth In another pdrf OF ihe
iaterview in wh'ch l am Represented aS
scekiug TO crowd the Manhattan Company ont OF any
part ia tile new arrangement, II one should ne maze
On the my original proposition was that the
arbtrators SHOULD decide each OF the three cOmpa
mes should receive III the new combination Ihis WAS
objected 10 by drecors OF the Metropolitan c9mnaty'
Your Obedcnt servant, CYRUS W. FIELD
Ne,1 IOrf, Aug. 20. lSS0.
j. A. CDwing the secretary and treasurer of the
New-York Elevated Railroad Company, said last
evening hat had not learned at all of the resIg-
nation of Mr. Field g But II lac did resign his
place in the board" he continued, :" it has 10 sig
nifcancq He has been talking for some time Of re-
signing in favor of Nj Bishop as he Is going 10
start upon u trip around the world Oh October H.
His Absence would thus maze It undesirable for
him t. keep MS place III the board. A. each con-
pany - Jealous of its OWE interests We all find
things we don't just like. Bur | am snre the reslg-
hation of Mr.. Field has 10 connection with the
Board OF Arbtration.'