Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1868-11-24
ESTABLISHED MARCH 80. 1885.

to-day there was no harmony of action,
and results unsatisfactory to all parties.
The Tribune gives to-day a statement
in addition to petition of August Bel
mont before Judge Sutherland, of which
tie following is the material portion.
That company by closing the books sixty
days before the election, instead of thirty
days, as usual, and by excluding any
stockholders from voting by proxy and by
other fraudulent devises, said Gould,
Fiske & Lane, succeeded at the regular
annual election on October 18th, 1868,
in continuing and perfecting their control
of the company, and are new wasting and
Incorporating its funds, exposing the
company to forfeit its charter Said Gould,
Fiske & Lane, prior to the election in
1858, issued unlawfuliy three million
dollars of additional stock and are said
then to have issued S23,000000 more.
The common stock Of the company
now exceeds sixty millions dollars, and
its value has fallen from eight hundred
dollars per share down 10 thirty five dol
lars per share. Said increase of stock
has all been fraudulently issued, and the
proceeds thereof are now controlled by
Gould and Fisk, amounting to sixteen
millions dollars. all of which, instead of
being deposited to the credit of the COM
pany, or standing in its name, is in the
individual names and possession of said
Fisk and Gould, and that said Gould and
Fisk are using all resources of said com
pany in dangerous and fraudulent specu-
lations in stocks, and in buying in behalf
of said com pany various properties, and
are now contracting for leases and other
purchases, on all Of which said Gould,
Fisk and Lane have received bonds in |
fraud Of the company, amounting to
Sl5,000,000 to their own use.
That since the election of the said |
Gould, Fisk and Lane, in October, 1867, |
the debts of said company have increased |
from S63,9ll ,2l0 to sos, 236,910, in ad-
ditiOn to the S20OO00OO stock issued
for the election in October, 1868, and ex-
elusive Of the acceptanceS issued for the
Boston, Hartford and Erie stock, and va
nous leases and other matters. That the
receipts Of the company during the past
year exceeded S3S000000 Wherefore
plaintiffs pray that the directors be re-
moved and a receiver appointed; that de-
PENDANTS be restrained from increasing
stock or from renewing books, papers,
funds, or impeding their examination or
allowing to remain beyond jurisdiction
the cause Of the complaint is verified by
August Belmont and followed by affida-
Wits corrOborating its statements of law
and facts by Aug. C. Brown, Daniel
Drew, Frank Work and c. S. Sloane.
On these Justice Sutherland grants the
Injunction.
The case Of Mr.. Mcintosh VS.. the
Erie Railroad Company, came off to-day
before Judge Switzerland, and after con-
siderable argument, decision was given
by the Judge vacating the order issued
by Judge Barnard which appointed Jay
Gould Receiver, and permitted him TO
sell 100000 shares of stock.
The Belmont case was then called up
in order to show why Receiver should
not be appointed. Arguments thereon
proceeded.
Judge Barnard in his charge to the
grand jury ofthe Court of Oyer and Ter
miner to-day, called attention to the all
legged corruption Of the judiciary here.
In tO-day's Tribune and Times in
New Jersey papers, and elsewhere. he
said, are charges of the most atrocious
character against corruption in interfering
with justice, and charging him lBernard)
with being in a combination in Wall ,.
street. He had never bought, owned or /,
sold a share of bank stock in his life. He
lid not own dollars worth of property,
md was to-day dependent upon his salary :
" Judge and the charity of his wife. He /,
therefore, craved the Jury to examine
INTO the matter and say whether there is ,
. combination. Thieves, scOundrels and !
'aScals, who have infested Wall street :
md Broad street for years, are now quar- j
'elling among themselves. Shall they :
De permitted to turn around and endeavor c
% hide their own shame by abuse and
Of the Judges Of our courts. |
Tammany nominated a. Oakley Hall q
or Mayor, Richard O'Gorman for Corpo- 8
ration Counsel. Both accepted. I
The Republicans nominated Fred. A.
Jonklin for Mayor, and c. P. Shaw for I
Counsel.
Judge Sutherland, Of the Supreme l
Court, tonight, after a protracted argu-
nent in which Judge Pierpont, Messrs. c
BurrelL and Rapello participated, granted ]
order in suit Of Belmont against the Erie g
Railroad Company, appointing Judge
Davies as receiver. Messrs. Hall, Roberts
and j. +. d. Larier went security for !
Judge Davies in the sum Of 100000. 1t
is rumored that Messrs. Fisk and Gould
have betaken themselves TO Jersey City.
New YORK, Nov. 23.-One of the la
bOrers on the North Side railroad has ab-
seconded with S6,OOO intended for the pay
ment Of their hands, causing much excite
ment among them. They have since been
paid.
w. Harrison, the celebrated tenor, died
in ENGLAND on tho til inaf