 After Hugh J. Jewett became president of the Erie in July 1874, he discovered that the lease required the A&GW to purchase a controlling interest in the Cleveland, Columbus, Cincinnati and Indianapolis Railway, and turn over the stock to the Erie.This the A&GW had not done.Moreover, the A&GW had the right to demand that the Erie deposit an unlimited amount of securities in an Ohio bank of its choosing in order to ensure the good creditworthiness and continuing operation of the A&GW.