Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1868-12-03
NEW YORK.
Fiske Heard Frem-Th0 Money of the
Erie Co. Not Yet stOIen-InOther Ju-
dfefRI Decision.

Fiske Heard Frem-Th0 Money of the
Erie Co. Not Yet sfOIen-AnOther Ju-
diefaI Decision.
New YORK, Dec. "A note dated Port
Jeryis, December ], from Jas Fiske,
states he left New York early Monday
morning to settle up some affairs relative
10 a rolling mill for the Erie Railroad
Company, and for no other purpose. The
money of the Erie Company, he says, is
not nor has il been in his charge, but in
the treasury of the company, and the rival
Receivers can get at il now "a well a.
when he was in the city.
New YORK, Dec. 2.-Justice Balloon, Of
rBinghampton, sitting at special term Of
the supreme Court in that city yesterday,
granted an order on the application of the
attorney general of the State, enjoining the
Erie railroad company by its directors,
from delivering or transferring any proper
~ to receiver or any other person other
wise than the receiver to be appointed BY
the court, and naming the Hon. Giles w.
Hotchkiss, OF this city, as referee, TO take
testimony of all matters, transactions, ETC,
Of that company, and file his report, with
the evidence, taken by him with this cour'.
This action sustains the directors Of tie
road against all persons.
In the Supreme Court Judge Pierpont
applied to Judge Sutherland for an order
vacRting Judge Csrdozs stay of proceed
iBRs 10 both parties. Judge Sutherlaud
was willing 10 grant the order, but would
frat consult his associates Judge Mel
cons decision has not yet been promulga-
ted
The Commercial says the Erie excite
meBt has lost its influence on Wall street.
The money market has assumed conf
dent tone. Banks are handling money
South, but are receiving currency from
Chicago. The rate of exchange being "a
yoruble, the "bear" effort TO depress gov
eminent securities continues but ia not
much felt.
The World cuRtains the following letter
from Senator Morton, Of Indiana:
WASHINGTON, Nov. SOTO the Editor
of the WorId-Dear Sir: In the New
York World of the 2Sih inst, fud an
article from which | quote the following
IA telegram TO an evening paper state
that Senator Morton, soon after the open
ing session, will introduce a bill directing
immediate payment in greenbsck of that
portion of the 20 bonds issued five years
ago. If the report be correct, the course OF
that Senator on the subject is CONSPICUOUS
for vacillation. Eight months sgo he was
an open advocate of the so-called green.
back theory. During the Presidential eau.
yass he publicly rec9nted. If he is now
about TO propose and advocate snch a mea.
sure a. described in the kilograms, his re.
nunciation must have been a political
dodge, fegned surrender Of his principles
10 promote the success of his party"
In the first place do not intend TO H.
troduce bill directing the immediate pay
uent in greenbacks of that portion Of Ih,
$40 bonds issued five years ago, and hav,
never said did to McCulloch or anybody
else. In the next place, did not, during
the canvass, recsnt what / said in tn
Senate in regard to the payment of IN
5.20's iE greeDbacks. No speech by me Il
that effect has been made. What | urge,
during the canvass was that the first dur
of the government WIS n hturn 20 speci
payments, which, when accomplished
would settle all questions as to the mod
Of paying the bonds.
/ further urged that the government ha
no right TO Issue new legal l1nder note
and make them applicable to lie paymen
Of bonds, arguing that such hates coal,
not be made 10 sustain the sam. Tei6tio
TO the bonds in law or equity, hat wa
sustained by the existing notes, All tbs
the further issue of such notes would ndt f
nitely postpone a return lospecie pay men
These propositions were fully stated a. IA
spesch ia the Senate last summer, !
which | argued the legal right TO use e.
ting legal tender notes in payment
bopds. | also argued al various tim
dpriuu the canvass that whatever mig
be the law on the suhiec', the goyernme
could not pay bonds or any considered
nortion in coin, while The currency
manned deprecated and that improy
ment of currency BY bringing it up To =
was a necessary condition precedent TO 4
payment of bonds in gold, and that If
government could not produce gold enou
70 redeem 1868 100000 Of legal tens