New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-06-04
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ERLES FORTUNATE DEFEAT
Mr.. JEwETT's SUCCESS IN DRIVING VALUABLE
CUSTOMER TO A RIVAL AND BETTER ROAD.
From The Boston 4drerttT. =, Co,,oro1

From Boston ddrertheT
The decision of the Superior Court IN UencIatt
Term at Cincinnati. which nvadaies h INC and
between the Erie and the cincinnati snInct Of the
controversy and the probable effect OF inc ~ 5
ITpeptser some days ago when Mr.. Jewet was Presi,
deat OF Erie contract was made Win the az ~"
DAYTON road (Of which he was and sui If o06
which Erie guaranteed per cent per annum on -OOTo
shares of the pooled stock certain privileges sra
Mr. JeWet claimed that this voting power va ~, rie
IN him pei sonaly and not the president OF the Erio
road and since he had to make way for Mr. hInk "
up the system. Mr.. George nafer who owned STOCK
that not put into the controlling pool oouse
10 inVaidae contract. and II Is geneIhlL!
that lie did the instance OF MT JeWett VINO ~
snnoscd ami cipa ed decision denying Eric's gght 70
vote in the coming election. on June IL; ana sustb,s
his claim Of right. But tho decision Vi t1G tn
denies that either party has right 70 exercise !he
Franchise of voting THIS particular stock holding that the
contract OF one corporation owning inc s'2cN % tci
road is Illegal under the laws OF ONO III Is 10 "n,iO
pated tha road viii fail into the control OF INC Ic
7he CIereaad Leader and Herald gives the following
breezy account OF the roads past ana OF me
which ths decision opens to Lie TO peter md
The Erie guarantee viii he thng OF the p's', uiu
the old middle OF twenty-five or uhS yeale e.ml r5
will again enter into the AFFAIRS OIL ,ne i1 nt kbp1
disturb the ns while they ae IN anu tIS ou's To-
they get In. No railway company IN TIE "ue W'lIu Hts
so much rst-cass homegrown timber 10 max peNl
dents ana directors OF az the o!u y - ,,s
ana Dayton, and perhaps NO company OIL ~ r
than this corporation. But now hal tue ttooh
holders UP TO their eyes ana cars IN row IeS ]
be reasonably happy for the natural condition OF every
one OF them Is state OF turmoil contention ana peg
carly dividends at long drawn out Intervals ltW t
estate IT, however than ther nTs oI " - yuNt
tie saline without any Improvement or detctoIhlou'
Until Mr. Jewet requested Ia let Mr. MING "Ie5to
with the Ere problem little-whle the CONSPICUOUS
height 10 which the Cincinnati, Hamilton ana Dyton
Lad leaned was unhesatngy claimed as the result OF
traffic from the Erie and but for that The property must
have gone 10 the demnition OOw-~Ows JeWett was VIC
roa rs saviour eternal financial rum so sau to
pool certificate holders, chiefly however, because J."c'l
said so AT JeWeit told the stockholders unat VIC
Eric traffic would make them rch ana they bc.e ca ~
then when he was Oustcd from the Ericprc sidrih Guar
he told these same stockholders That the IRE
was not worth tiukers obstruction 20 the cincinnati
Hamilton and Dayton, and they believed that 700, so
they secured George Haier tO go Into court ana nav ~
JcWttt enjuued letting the voting power "l "
COMPANY pass the Erie, and ia that they were q,lto
succese ful which OF means also thhl no h'i-
change of trnic other business relation win the fIle
Is desired But all this viii not hurt the Erie one wht
for The Zee line stands at Dayton with open arms 70
receive the Erie or any road that gives promise OF
an Increase the tonnagei besides the Zee INC nhs
ample terminal grounds and buildings in C!nclnna' anu
very much nearer 10 business centre OF the city man
tie Cincinnati. Hamilton and Dayton, when ue Ii1
with be- welcome basis " lair pro rata am sun
further the Bee line will haul the Ees passenger cars
into Grand Central passenger s'htoIs Whso
they will connect with the roads entering thht sy
eXceut the Little Miami and Louisville ana NashNiuo
and thus AVOID long transfer 10y omnibus rs j. IciieI
from the Cincinnati Hamilton and Dayton PASSENGER
station. Another advantage the Efle WIN gam 10y
ouftug the Cincinnati Hamilton and Dayton - me use
OF the new ear storage grounds OF the Bee line when IRE
situated near Cumminsyc and embrace about clftiy
acres OF level land. Thus It VII nc seen VINE At'
ewett has succeeded IN forcing the Erie on INC Cnoh
matt Hamilton and Dayton, lac mas unWittiHsy PAl'u
the way "A very much more prontabe hisahce ioE ~
with another corporation