St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1884-04-20
4 BIG SETTLEMENT.
James McTenyy Brought to Time and Terms
by Pres. Je,ceft.

by Pres. Jeteeff.
! With a view Of learning the true inward
ness of the difficulty existing between Mr..
Jas. McHenry, the railroad capitalist, and the
Erie Railroad committee, growing out OF a
judgment against the former amounting to
some $4,000, GOO and upon which an order Of
arrest was issued by Judge Brown on We'd
nesday, World reporter called yesterday
upon Mr.. Hugh J. Jewett, President OF the
Erie Railroad Company
''What was the direct motive which led
you to issue the execution against McHenry
yesterday: Would his departure for Europe
have affected the execution OF the judg-
ment." asked the reporter.
''The substance of the whole matteris this
replied Mr.. Jewett: MIR. McHenry lives in
Europe litigation, covering about ten
years, was concluded in the United states
District court year ago by a decision against
him and in our favor, after the Judgment
roll of the English court had been submitted
/ in evidence. He came to this country in
, November last, and has been representing
himself as being able to pay the Judgment.
He, however, never gave any indication that
/ he proposed adjusting the matter, and we
co included to reach an adjustment while ne
was here. 1t was therefore thought wise TO
take such measures as were Necessary to pre-
! vent his leaving the country until we came
/ to an understanding with him. The ordeg
of arrest was issued and put in the hands o.
the Marshal.
''What conclusion did you and Mr. Nc
Henry's agent Mr.. Riley, reach at your inter
view on Tuesday,"
The rumor concerning that interview ia
entirely false. 1t is not true that l had any
interview with McHenry in the presence of
Mr. Riley or with Mr.. Riley in any place
| yesterday or on Tuesday"
''What, then, was the nature of your nego-
tiations or those of the company with Mr.. Nc
| Henrya"
! ''All the negotiations that passed oe,wceR
him and myself were in writing or in inter
views with his friends or with Mr.. Riley, with
n view to reaching an adjustment No adj
| justmeut was arrived at Nor even any reG-
/ sonable proposition has been made by him.
Having become satisfied of his intention OF
leaving the country on Wednesday, and that
no real adjustment was contemplated by
him, we proceeded to prevent his departure
until such an arrangement had been effected.
| At late hour Mr.. McIIenry did send aprop-
osition to us such as it was thought proper to
accept.
''What action on his part, then, led to the
removal of the order Of arrest issued by the
company upon Mr.. McIIenryt'
He made a proposition in such form that
its provisions can be enforced. The stocks
it dealt in being in the custody of our COM
pany and it provided for payment of such
balance as would be due to the Erie Railroad
Company after crediting the stocks and
securities surrendered, the Marshal was noti-
fed to remove the injunction and Mr.. Nc
Henry was allowed TO sail.n
''In what do the surrendered securities
consist2"
''They consist in, first, his right Of redemp-
ton of II AT shares of Chicago and Atlantic
Railroad stock; second, in something over
1900 certificates of Atlantic and Western
Extension, representing about $4,000, and
various Cleveland, Columbus, Cincinnati
and indianapolis Railroad securities. His
| proposition also includes an agreement to
pay the balance Of ting Judgment amounting
to about 81, 600 900, to be payable in one
and two years"
Another official connected with the Erie
| Company stated that the order Of arrest was
issued on Mr.. McIIenry on Wednesday to
compel him to disclose his assets and give
security for his appearance. He gave up
!
stocks held in trust by the Erie Railroad
| Company, and agreed to ALLURE all claim to
the property, but to apply it in part payment
of the Judgment The securities amount to
about 81, 100000,
The order of arrest was issued on Wednes-
day morning. Mr.. McHenry went aboard
the Scrvia about , 30 p. IN and was shown
the order, but about five minutes afterwards
Capt. Curtis and Deputy George W. Holmes,
who were charged with the execution of the
! order, received a message directing them To
raise the injunction and allow Mr.. McHcnry
to leave. He sailed for Liverpool on the YES
! sci.
Mr.. McIIenry stated during his stay here
| thai the stock and paper generally under
stood to be held by the Erie Railroad Com
pany had in reality been soldsome time ago,
| and could not be surrendered by the com
pany in conformity with the terms of the
| Judgment The circulation of the story
about his short arrest is due entirely to delay
on the part of the messenger who was sent
to notify the Marshall Of the amicable adj
justment.
When Mr. McHenry stepped on board the
vessel and was confronted with the docu-
ment he drew from his pocket letter which
he had received from Mr.. Jewett saying:
ssYour offer of settlement is accepted The
officers, however, could not accept his letter
as authority, and were compelled to follow
instructions until receipt Of authentic infor-
nation to the effect that the order had been
removed.
James McHenry was born in Ireland in 1917
and came to this country when child. He
was educated in Pennsylvania and afterwards
engaged in the produce business in Philadel-
phia He subsequently went to England
and established the house of James McHenry
81 Co., at Liverpool, the largest establishment
in that city for the sale of American produce.
Thence he went to London. In 1916 he or
ganized the Great Western railway company
of the United States and built the road, after
wards retaining an important part in its
management During 1872 he obtained con-
troll of the Erie road after it had passed out
of Jay Gould's possession. During all this
time, though Mr.. McHenry lived in London,
he virtually controlled the road. The Erie
was subsequently thrown into the hands Of
receiver and since that great difficulty has
been experienced in settling up the affairs Of
the company between Mssrs. Jewett and Nc
Henry, but it is now thought that the differ
ences have been adjusted.
POINEERS.