, 1881-11-12
Of ousting, the present Erie man
agement had originated with him

Of ousting. the present Erie man
agement had originated with him
The late railroad fights between Jewett ant
Vanderbilt were >lade to give color to this
| story, and no better reason was deemed
| needful for AIr. Va,,derbilt's alleged scheme
than the bitter feeling he Was credited with
| cherishing against y rival. There was, how
| ever, much discussion Of the immense ben
efits which would accrue to the New ork
Central were Erie's competition removed, as,
] of course, it would be if under the same con-
troll But this connection of Mr.. Vanderbilt S
name with an anti-Jewett movement was
never authorized by him. lu Wall street,
however, the story was
MADE TO SERVE A PURPOSE,
and the stock rose and fell in the market as
references to Mr.. Va1nterbilt's name were
supposed to be more or less reliable Mr.
Vanderblt's true position IN relation to the
matter has never been publicly told: lie
Elish interests, and The subject of new
management for Erie and the deposai Of
President 5ewetr was discussed with him.
lie was given to understand that the .co1l->
troll OF 5rle wonlu be transferred to him il
he was willing to accept Of it. lie promptly
declined to- entertain the propositions pre-
Sentel fol his consideration.
"Icanno1 afford to let Erie come into my
hand,'' he is said 10 have declared i'll sub
stance. 1T would never do to place myself
in tho position which would result from
such 4 connection, and, however great may
appear to be the benefits likely to grow out
vi my control OF the Erie to myself Or to the
company, in the end
THE GAME WOULD PROVE A LOSING ONE.
The howl of monopoly is already sufficiently
compared with the storm which would
burst were to undertake TO cavern the
Erie as well IT; the New York Central. One
trunk line is about af1 care to handle just
Lately Mr.. vanacrbilt's name dropped out
OF the stories told in tie anti-Jewctt interest,
and Jay Gould has been referred TO as the
leader ot the opposition party, anu 1t has been
reported that he was til1ing III active can
yass among the American shareholders look
illg for 4 support which would render his
accession to control By an overwhelming mt
lorlty; but Mr. Gould has declined to make
known his plans touching Erie, if plans he
M e may Sa deny that he Dw ss a pt0sS sS terest rest
whatever i'll tile tigll: supposed to have beeii 1
for it now aupears that
THE CONTEST Is VIRTUALLY ENDED,
anu that Mr. Jewett has won the victory. 4
ca1le-tlispatcl. to this effect was received in
this city today from London. It announced
have been quoted rs strongly against Mr..
Jewett. had finally lett their antagonistic
stalld> and hatl determined 10 give him their
support. These trusts have the right !
to vote oil 100000 shares, Of stock, |
and are the controlling power at every elec-
lion. Consequently their championship Of |
Mr.. Jewett's cause insures his reelection and !
the continuance Of his management. The !
sudden change Of base. by the Trustees. it /
was stated III the dispatch, is due to a pledge |
given by President Jewttt 10 pity dividends |
earned on the preferred stock in accordance
with promises made By the Trustees to the !
English shareholders some tiuc-ago presi-
tent Jewett was too busily engaged1 to
&c seen by reporter tonight.