New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-04-11
RAILROAD INTERESTS.
MR.. JEwETT ON MR.. McHENRY.
HOW THE RELEASE or ALL CLAIMS on THE ERIE
WAS OBTAINED FROM THE ESGLIsHMAN.

HOW TIE HElfhSE Of ALL Nthimo VA ''A' 1890
WAS OBTAINED FROM THE ENGLIsHMAN
James McHenry was permitted to sail on
wednesday after no had signed release of all claims
phlch he pretended to hold against the Erie railroad He
was under arrest for few minutes before the time OF
sailing but was set free as the agreement had
been signed by him President Jewet OF the Enc KAN
way Company, said yesterday:
Mr.. McHenry's surrender complete and abso-
Lutte He abandoned all rights to tho c., g., c. & l.
stock, and the Great Western extension certificates
which In the custody of this company. We held
Judgments against him both In England and this country
and the securities held by collateral security
TO the judgments. Under that obtained In England ne
had the right to redeem the securities on the payment OF
q certain of money. The amount OF the company 3
Judgment against him waswth interest about S23OOOOO
and the securities which he surrendered amount prob
ably to $I5OOOOO The O.. c.. G. l. stock was taken
the market price, and the extension certificates ut the
market price in London yesterday. Tho balance OF the
judgments In favor Is the neighborhood OF $780,
900.
INo would not give anything for It now, but there
Is no telling what like McHenry may do before he
dies That balance may be worth its face value by ana
by although have little hope OF such result. When
Mcffenry came here it was with the purpose OF
making settlement with the Erie Company. received
information from London just before he sailed that he
was coming here for that express purpose The persons
who wrote to mo are highly regarded In England, and
they expressed the hope that would not be hard with
McHenry. L made up my mind then that would not
allow any personal feelings Ohere were good reasons
why my personal feelings should have been very bitter
to interfere with my duties president of the Erie Rail-
way. | might have arrested him on the judgments "a
soon as he landed IN this country but him all the
opportunity that could DO required Soon after his
rival was informed that he had plan of settlement
but when learned its length refused TO read IT,
replied effect that there nothing In the relations
Mr.. McIIenry with the Erie Railway which could not
be conveyed In page and q half OF ordinary letter
paper. | a'terward received statement from him,
covering about that space which showed the com
pany be heavily In his debt replied that 10 was not
to considered for moment and 10 other propositions
replied that would make settlement except on the
basis Of the decisions by the courts to which the qes
tons had been submitted ,
/ have not seen Mr.. McHenry and all the negotia-
tinns were conducted by third persons. / would not
speak TO him. and to his henchman, Reilly, would
let him within forty rods OF me. II knew IT,
The published statement that MGIIenry and Reilly were
house Sunday Is utterly false. concluded last
week however that all the offers Of settlement were de-
lIsive and that McHenry about to return to Eng
land He has made good deal or talk about MS great
wealth and thought IL would be advisable to ind out
where this property under supplementary proceed
ings. on Tuesday night satisfactory proposition had
been made and sent word to MoHenry the next morn,
ing he would not be allowed to sail on the SerNla
the matter wa not settled. In short time received
offer. which refused, and soon atterward another
of the time Of the sailing OF the ship. aud wrote on
scrap of paper the terms which probably would be ac
copied. They accepted by Mcenry, and although
been arrested short time he was released a. soon
signed the agreement. lie sailed for Europe ana
hopo he will be happy for many years