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CHAPTER XIII.
ADMINISTRATIONS OF SAMUEL MARSH, PRESIDENT, AND NATHANIEL MARSH, RECEIVER AND
PRESIDENT - 1859 TO 1864.
Wages Months in Arrears, and More than a Million of Other Overdue Claims- The New York and Erie Vanishes Forever, and the
Erie Railway is Born- Bergen Tunnel Finished, Pavonia Ferry Established, and Piermont Ceases to be the Terminus of the
Erie, Except in Legal Fiction - Erie During the Early Years of the Civil War - Death of Nathaniel Marsh.
PAGE
130
The Hand of Vanderbilt -
--
The Drew-Erie
Robert H. Berdell Elected President - Daniel Drew Becomes the Controlling Influence-
Loan, and How it Helped Drew Worst Vanderbilt in a Wall Street Operation Eldridge and the Boston, Hartford and Erie
Scheme Election of John S. Eldridge as President — The Coming of Jay Gould and James Fisk, Jr.
CHAPTER XV.
ADMINISTRATION OF JOHN S. ELDRIDGE 1867 AND 1868.
The
Vanderbilt Undertakes to Capture Erie by Buying up its Stock, and Runs Against Daniel Drew and the Erie Printing Press-
Famous Conversion of Millions of Bonds into Stock- - The Long Series of Suits, Cross Suits, Injunctions, and Counter Injunc-
tions Flight of President Eldridge, Drew, Gould, Fisk, and the Erie Treasury to New Jersey - The Erie Scandal Reaches
the Legislature - The Surrender of Drew, and His $5,000,000 Settlement with Vanderbilt
-
CHAPTER XVI.
ADMINISTRATION OF JAY GOULD-1868 TO 1872.
Jay Gould Made President- He Amazes Wall Street - Drew Enters into a Bold Coalition with Him, Plays Him False, and Joins an
Opposing Clique — Gould Pushes Them to the Wall Wall Street Wild-Daniel Drew on His Knees to Gould and Fisk, but
They Spurn Him - Gould Surprises and Alarms the Pennsylvania Railroad Company by His Moves Toward Making Erie the
Nucleus of a Great Through Line - The Classification Bill" and its Story - Foreign Shareholders Have Experience with the
Methods of Gould and Fisk Gould's Plan to Change the Management of Erie and Why It Failed The Shadow of the Fisk
Tragedy - The Influence of James McHenry Brought to Bear Against Gould-Gen. Daniel E. Sickles Moves Against Gould
in the Interest of McHenry-The Incident of Lord Gordon-Gordon · - The So-Called Sickles Coup"- Betrayed by His
Friends, Jay Gould is Overthrown-The Inner History of It All.
CHAPTER XVII.
ADMINISTRATION OF JOHN A. DIX- 1872.
McHenry, Barlow, and the Atlantic and Great Western Railroad Company the Power Behind the Throne - The Erie's Floating Debt
$5,000,000, and no Money in the Treasury Barlow Appeals to Bischoffscheim for Aid and Gets It - The Extraordinary Con-
tract with the London Bankers to Place the $30,000,000 Loan — Dix Retires
CHAPTER XVIII.
ADMINISTRATION OF PETER H. WATSON — 1872 TO 1874.
Dividend Declared The Gould Restitution How Gould Brought it About, and Plucked Victory from the Jaws of Defeat - Story
of the Restitution"- Again Under Legislative Investigation - Watson Declares that the Erie Must Spend $40,000,000 at
Once in Improving the Road · - The Directors Order an Issue of $40,000,000 Consolidated Mortgage Bonds, and Send Watson
to Europe to Borrow Money on Them - Barlow Antagonizes Dunan, General Auditor of the Company - Dunan Resigns, and
Declares Publicly that all the Watson Dividends Were False McHenry Secures a Lease of the Atlantic and Great Western to
the Erie on His Own Terms, and the Seed of Much Future Trouble is Sown- Beginning of the Angell Suit by Attorney-
General Pratt - Melancholy End of the Watson Administration
139
147
161
201
208
CHAPTER XIX.
ADMINISTRATION OF HUGH J. JEWETT-1874 TO 1884.
Engaged at a Salary of $40,000 a Year, $15,000 of It Each Year for Ten Years to be Paid in Advance in One Sum of $150,000, Mr.
Jewett Takes Hold to Rescue Erie - The Rising Clouds of the McHenry-Atlantic and Great Western Entailment - Something
Rare in the History of Erie Occurs: The Truth is Told — The Company Utterly Bankrupt, and the Jewett Management Saved
by the Lawsuit that Was Begun to Destroy It - President Jewett Made Receiver of the Erie Railway Company — Receiver
Jewett Early Recognizes the Fact that Even Complacent English Shareholders may be Aroused to Action, and Moves Toward
Their Conciliation and Coöperation - The Erie Railway Company Succeeded by the New York, Lake Erie and Western Rail-
road Company - Ten Years of the Jewett Management - Failure of the Marine National Bank and the Firm of Grant & Ward
Complicates Erie Affairs and Embarrasses the Management - Passing of the June Interest, 1884 — John King Elected Assistant
President Mr. Jewett Retires
230
CHAPTER XX.
ADMINISTRATION OF JOHN KING (PRESIDENT) AND J. G. McCULLOUGH, RECEIVERS 1884 TO 1895.
A Stubborn Floating Debt- Ex-President Jewett Resents His Snubbing by Worrying the New Management in the Matter of Western
Connections - The Trouble Settled - A Dividend, and the Last Erie Again Tottering Under Its Burden The Floating
Debt Asserts Itself Interest Money Used to Quiet It Compels Default - Receivers Appointed — The Drexel-Morgan Plan to
Rescue the Company from Its Dilemma The Efficacy of a $100,000,000 Blanket Mortgage Sale of the Road The Erie
Railroad Company Rises from the Ruins.
270
CHAPTER XXI.
ADMINISTRATION OF EBEN B. THOMAS-1895 (IN OFFICE, 1899).
The New Erie Strengthened by Consolidation
- End of the Atlantic and Great Western-New York, Pennsylvania and Ohio Corporation,
the Long-time Disturber of the Erie's Peace and Prosperity — For the First Time in Its History the Erie Pays as It Goes-
What the Rehabilitated Erie Owes After all Its Years of Tribulation - Over $300,000,000 of Debt Represented by Its Stocks
and Bonds
- A Study in the Growth of Erie
FIGHTING ITS WAY.
1832 TO 1850.
Story of Erie's Long Struggle in the Legislature for Corporate Existence and Power to Complete the Work it Had Undertaken - The
Erie Charter and its Amendments-
Details of All the Legislation in New York and Pennsylvania that
282
295
Early Talk About the Best Way to Build the Railroad-
Suspended in 1837 - The Resumption of 1838-40,
and the First Contractors Driving the First Spike at Piermont - Manipulating the Stock to Raise Money How Con-
tractors Enforced Settlements - - How the First Rails Were Bought in England → Opening of the First Section of Railroad in
1841 Bankruptcy - Work Resumed in 1846- The Shin Hollow War- Pioneer Trains and Incidents-Tragedy and
Comedy -- Getting the First Train Through the Delaware Valley and to Binghamton - The Cascade Bridge and Starucca Via-
duct - Bloody and Fatal Riots― Driving the Last Spike The Newburgh Branch — The Long Dock and Bergen Tunnel
Getting to Buffalo and Rochester - Jefferson Branch - War of the Gauges - Nypano Bradford Branch
THE TURNING OF ITS WHEELS.
1841 TO 1898.
Some Rare Old Time-tables in Facsimile
..
The Story of the Time-tables -
Development of Traffic Henry Fitch, First General Pas-
senger Agent - Beginning of Milk Transportation - Original Locomotives - The Strange Career of " The Orange " - Joe
Meginnes and Other First Erie Engineers - Story of the "Diamond Cars," Sleeping Cars Built for the Erie Nearly Sixty
Years Ago - Worden, the First Conductor - Poppy " Ayres and " Hank " Stewart - First Superintendents - Erie's First
Tragedy of the Rail and Its Sequences - Amusing Incidents, Strange Accidents-Story of How the Erie Brought the Tele-
graph into Service for the Running of Trains - Original Railroad Telegraph Operators - Notable Strikes on the Erie, and
Historic Accidents - The Side-tracking of Piermont and Dunkirk
.
373
UNDER THE LEGISLATIVE PROBE.
Insinuations and Charges against the Management inquired into as Long Ago as 1841 — The Search for the Truth in the Days of
Daniel Drew How the Action of a Senator Who Had Helped Investigate Erie Led to an Investigation of Himself - After
the Classification Bill in 1870, 1871, and 1872-Seeking Truth About the Watson Dividend of 1873 — Erie Secrets Come to
Light The Hepburn Investigation of 1879 Throws Light on Various Things
FATHERS IN ERIE (Biographical) .
PRESIDENTS OF ERIE (Biographical)
RULERS OF ERIE:
Boards of Management from 1832 to 1898 - Treasurers - General Passenger Agents - General Freight Agents-
Division Superintendents, from 1841 to 1899
TABLES:
Mileage, Showing Growth of Erie, etc.
Earnings, Expenses, etc., since 1841
Quotations of Erie Stock, Common, since 1848
446
458
459
Quotations of Erie Stock, Preferred, since 1861
FAMOUS CHARACTERS IN ERIE:
Daniel Drew — James Fisk, Jr. — S. L. M. Barlow
487
ILLUSTRATIONS.
FRONTISPIECE (colored).
FACSIMILE OF LETTER FROM COL. CLINTON TO HON. SAMUEL PRESTON
FIRST PASSENGER TRAIN IN AMERICA DRAWN BY A LOCOMOTIVE
FIRST LOCOMOTIVE AND PASSENGER TRAIN IN NEW YORK
FACSIMILE OF LETTER FROM WILLIAM C. REDFIELD TO THE HON. SAMUEL PRESTON
ELEAZAR LORD.
OLD SUBSCRIPTION AGREEMENT
JAMES G. KING
GEN. JAMES BOWEN
6
7
9
17
facing 20
21
facing 32
facing 52
facing 67
facing 74
facing 86
WILLIAM MAXWELL
HORATIO ALLEN
BENJAMIN LODER
FACSIMILE OF FIRST ERIE THROUGH TIME-TABLE AND NOTICE OF OPENING THE RAILROAD
TO LAKE ERIE
FACSIMILE OF FIRST SPECIAL EXCURSION TICKET
HOMER RAMSDELL
CHARLES MORAN
SAMUEL MARSH
NATHANIEL MARSH
ROBERT H. BERDELL
JOHN S. ELDRIDGE
JAY GOULD
GEN. JOHN A. DIX
PETER H. WATSON
H. J. JEWETT
JOHN KING
J. G. McCULLOUGH
E. B. THOMAS
EDWARD HAROLD MOTT
RUINS OF THE OLD PILED ROAD-BED
ABNER GRIFFIS
NEWELL'S PIONEER PASSENGER TRAIN
A RARE OLD ERIE FREIGHT SCHEDULE, 1845
HENRY FITCH
OLD ERIE TRAIN SCHEDULE, 1847
TIME-TABLE, WITH ORIGINAL CODE OF INSTRUCTIONS TO TRAINMEN, 1849.
ERIE TERMINUS, DUNKIRK HARBOR, 1851
97
98
facing 114
facing 123
facing 130
facing 134
facing 139
facing 147
facing 161
facing 201
facing 208
facing 230
facing 270
facing 276
facing 282
facing 295
325
330
367
375
380
381
383-384
386