Year: 1873

PRESIDENT wATsoN's VIEWS OF ERIEs POLICY.


A reporter of THE TRIBUNE called yester-
day on President Watson OF the Erie Railway and Ques
toned him relative 10 the beginning OF the work Of
rowing the gauge for which the 100000 loan was
negotiated He stated that his sickness had had the
effect Of delaying many projects as he was only able TO
attend TO the routine business Of his Office. He 60
ing out OF town for O short time 10 recrnt his
health which was already much improved, and on his
would again devote his energies TO the business
OF the road The corps of engineers has not yet been
fully organized and this win have TO be done before
much of the projected work can be begun There was
ample time however, actual operations cannot be
begun the line before the Spring opens He was
asked whether loans would be required, and re-
piled that undoubtedly much larger sum than the


$4,000 600 already raised would be needed 20 carry out
and complete the undertaking, but the sum already IN
hand was ample for present wants


When questioned relative TO the indignation mani
tested by certain members of the Legislature
because passes for three months instead of year had
been sent them President Watson said that arose from
misconceptiOn on his part law OF NSw-Jefsey re-
qures that members OF the Legislature Judges ana Ger
tain State officers shall be furnished with passes over the
railroads running through the STATE ne was ignorant
of this law he forwarded the passes for the session.
and his attention was called To he pfOsions
| OF the act ne recuied the mistake.


The actions law, which t recently alleged were
TO be begun against persons who were at one ne prom
held In 6eyance for the present because health had
not permitted hm 10 examine thoroughly the details of
each case. He would do So however IN short time.


BOSTON, HARTFORD, AND ERIE.
/ The directors of the Boston, Hartford, and
Erie Railroad Company were TO have held meeting to-
day AZ the Office OF the President Frederick A. Lane but
he says that will take place owing TO the absence
Of several prominent members Of the Board in Boston
The stock sells several per cent higher in this city than
in Boston, because the rules Of the York STOCK Ex
change requre other things that the stock OF all
companies on list shall be registered with response
bic trust or banking company to guard against fraud on
the part Of the officers OF the companies or other
/ persops President Lane says thai there $1,000
shares of stock circulating in Boston which are In dis
pute as II has been alleged that they were an unau-
thorzed and the part of the officials OF the
/ Company. The refusal Of the Company TO open the
transfer books has caused much discussion among the
holders the shares and IL ntmated that efforts Will
he made to have the stock removed from the list me
President states that several changes VIII soon De maze
/ in the Board OF Directors.


the stock Of this company Is the subject OF excessive
speculation, all these statements, which have been
cleaned from interested persons should be taken Tor
| what they are worth


NARROWING THE ATLANTIC AND GREAT WEST
ERN GAUGE.


The directors of the Atlantic and Great
Western Railway Company held meeting at their Office
in Wal.st yesterday and confirmed the appointment of
James Hodgsn as President vice Gen. Wright re-
signed Mr.. Hodgskn says that the Company will pro
ceed TO narrow gauge of the road early in the Spring


portion Of the road at the present time is both narrow
and broad gauge If the whole road is not narrowed
great portion Of certainly will be reduced to the uni
form gauge which is generally favored tnrou gh-
The Atlantic and Great Western now
with the Erie at Salamanca and II is possible
that portion of the road not be narrowed until
the Erie has changed ITS gauge In order that its rolling
stock (Which Is adapted TO the broader gauge can still
pass over the Atlantic and Great Western The en-
gneers estimating the expense OF the change ana
Nh HOdgskin expresses the opinion that viii be much
less than expected but cannot give the figures until
the engineers have reported Thomas Warnok has been
appointed Auditor. and IL. s. Jantzen Assistant Treas