Year: 1868

THE SITUATION IN JERSEY CITY.


Mr.. Daniel Drew, and his ieutenants, still
hold the TAYLOR Hotel at Jersey City The house is
plain structure OF brick, with nothing about indicating
the presence Of miOnaires S8O0O0O0 Yesterday all
the front doors were daubed with yellow paint and the
usual caution Beware Of the paint pinned to the
castings There was no crowd outside, but there
very large crowd inside for the members Of the Jersey
Legislature there force dining and wlnng at the
expense OF the Camden and AmbOy Railroad Company,
who had brought them there for the purpose OF show
ing them the entire wOrthessness OF Harmus Cove to
anybody but the Camden and AmbOy Railroad Company
Our reporter sent his card UP to Mr. Fske Mr. Drews
chief.ofstaff and was ushered into the front ROOM
second story With the exception Of solitary policeman
snoozng in chair near the door, no armed men were
present and the stories Of double rows OF pckets and
camp guard purely imaginary flights OF re-
pOrters The directors and clerks were all busy The
of movement through the Jersey Legis
lature had evidently given satisfaction and things were
working comparatively smooth Having a desire TO
understand the Of the trouble from the Drew point
OF view our reporter gathered the following statement
from Mr.. Fiske:


STATEMENT OF Mr.. YIsKE.


The present Board Of Managers took charge or the
Erie Road last Fall One OF the first ideas Of these man
ayers extend the broad gauge OF the Erie Road 70
Chicago As this road the only running direct TO
NewYOrk City, the advantages resulting from all e1ten-


son Of the broad gauge 70 Ccag9 were re,
breaking bulk Passengers preferred the broad gauge
These other Considerations caused Oh
the Erie Road 10 appoint special committee, OF which
Messrs Drew and Fske the principal members to
carry out the project The Erie Road, by connection
with the Atlantic and Great Western Road at Salamanca
has already broad gauge TO Cincinnati. An eIamna'
tiOn OF the Pittsburgh and Fort Wayne ROad, when
nersecs the Atlantic and Great Western Road at MANS
held Ohio made and IL was found that the sleepers
and bridges this road were long enough and wide
enough 20 lay extra rail along the track and thus Sc
cure uninterrupted broad gauge for the Erie Road
from New York to Chicago The directors or the Pltts
burgh and Fort Wayne Road sounded on the sub
eCt and after various calculations Of the benefits which
freight agreed TO lay down the rail The distance
nearly 300 miles and the expense would be about
S25OO,OO0. But there clause In the charter or
road which forbade the directors 10 eKpend more
than per cent OF the capital stock improvements
without q vote OF the stockholders aud share
holders, the latter being also allowed to vote by
the charter OF the Company The attending the
vote OF the shareholders and stockholders
must be had 70 sanction the undertaking 1t thought
that there would be difficulty In obtaining this
Through leak the Pensyi yivania Central Com
pany found what going and as they had an
gauge clean through TO Chicago.
they fancied that the movement OF the Erie Company
would seriously affect their business They took prompt
check tho project aud were successful The
stockholders and shareholders OF the Pittsburgh aud Fort
the action OF their Directors So the proposed exten
sion OF the broad gauge 10 Chicago via the Pittsburgh and
Fort Wayne Road fell through About this time the man
ayers OF the New York Central and the Pennsylvania
central the managers OF the Erie Road snd endeav
fred 20 continue agreement for uniform tarih on
passengers from this city during the coming
I've years proposition Tas also mka9 Ylae tue net