New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1884-10-17
-. =, ,.,., which 90 not pay more than the bare
~. atiny vnenses"
John KING, JR., SUCCEEDS MR. JEwEIr,
4 NEW PRESIDENT FOR THE ERIE AM A"N-
NEW DIRECTORS.

II. IL, =
NEW PRESIDENT FOR THE En-" ~
NEW DIRECTORS.
,,oot,no of the directors Of the New
60 Iase Eric and Western Railroad Company yes'ef'
S.v Hugh J. Jcwet formally resigned the once o' Pr.
Aent and John King, jr., who was recent! m""c "''
ant president was elected his successor Inc o"""t
will 70 into effect on the fist OF next no"'"'
understood that Mr. King who entered the
nndcr an agreement with the English committee"
"a 80 ro,acrs accounted the position with tho written
a.surancc. of the principal owners of tho rroIo'' %
,h.y woud Give him their active personal ana h"no'
support , ., ,,o roor, the
e Pre.i,ent Jcwott, after explaining 'o wv
Setails OF the opcrations OF the company iof wv,
war ending September 10. 10 the extent )asue" ny ~
nresent state O. the accounts remarked th"t ne oP
complete the annual report for the present .o" " q"
a.r,ier date than heretofore and that would be SHOWN
that notwithstanding the almost entr" N"eha''"h VI
ousness for q portion Of the year. ana the uhNe'S"s
low rates OF spOrtati0n for the ehtfe Sehr o o
earnings after charging up all the current o
tanning and operating the road were eQua 10 III u"
axe charges OF the company, including the interest," Oh
ths second consolidated mortgage bonds. less about
400 600 which under the circumstances was IN MS
opiuiop highly favorable result, ana DETER '"h Nv
had for some time anticipated lie r"r,ner 'u ''' 10
there had been criticism OF the wisdom oil te ease
of the New-York Pennsylvania ana ONO hh''o""' hc
would state that IN addition to the great advantage 10 tne
New York Lake Erie and western COMPANY !. i,ie
thA control Of that property, Re hau no uo"" n"'
mere question OF money profit would he tcaiAeo roh
The lease whenever business resumed eSythns nhe s
ord,nary and natural condition. that even nhuer !he
most adverse circumstances which had existed sce .ne
lease had been made the loss to the Erie Copa ii 'c
entire period of the lease up to August 81 1854 Wa"
tut $4,000 pa $500 c,, ~, Tho oloc,,on
of John King IT,. J. G. Mccullough ogden MlIS ANY
lanes A. Raynor. who take the places "f lh1t"n ~
Huiler AMI Thomas Dickson. deceased James ~. rs"
and Jacob H. SchN. Mr.. SchN recently resigned pe-
case 81 his proposed absence FOR sever" hi''''S i'll
The Nominating Committee. which was 10 report u
ticket for The annual meeting In November inaue n"
report and was discharged. There will Ice no actual son
ssst M this meeting Tor the former directors are "ins
~ surrender their places to tic real owners ,,.
"The great question seems TO be. prominent "lrt'a
NJ fine compnnv said which of the old directors WI NC
choscu hv the committee. Tho management ms! pe
entirely changed and "a understand IT, t"ie IL no, orc
~ The directors who will object u giving up hlS
piaoe IN the owners require IT, or one hhg am cci
fain-bere will be no contest at the election Tor no one
will oppose The wishes Of the real owners o e plut
srtv Mr. King will he made president ana Mr lever
chairman OF the Board cannot say tlat ue n"h''ns
debt will paid at once but arrangements VIII w u
which will 6e highly satisfactory 10 the eN P".rehl
Tie mon who take the control kno" the ?. w
the road and have doubt, are prepared 10 au tue
company.