The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1868-11-28
OF the AmsrIcan and
8 Merchants UnIo-s Express Conn.,
.-g spanies--The Erie WAR 81
NRw IYoRKf NoV. q.

tts' - NEW YORK Nov. q. p
| ThelonE pending negotiationsin In this
city resulted to-day in the UonsoIida-
ton of the American and Merchants
Union Express Companies, The ar
tfcles OF the association have been for
mally executed. Tho following are the
Board OF Directors: Henry Welles,
EImobe p. Ross, Willlsm G. Fargo, ,
VIM. @. Beardsley. Edward b. Jutison,
| VIM. ii. Seward, Jr., James q. Fargo
John n; Knapp, johnson Livingston,
Clinton r. Backus. James NJ. Thomp-
son, Theodore NJ. Pomeroy, and BENZ.
Cheney. AT an election OF officers
i held 10 day, the following were chosen:
| PresIdent, William G. Fargo; Vice Presls
denf, Theodore III, Pomeroy; Treasur-
er, Gilmore p. Ross; Secretary John Nj.
Knapp; General Superintendent and
/ Assistant Treasurer, James @. Fargo.
| Iho new arrangement goes into effect
Immediately, and the officers say the
business will be adjusted to the new
basis within the ensuing week. The
Merchants Union stock Is taken attWo
shares for one, making its proportion
OF the capital stock S9. .O00. .0o0. the con-
solidated company will have n capital
of SIS. 900 yO0O. and will continue the ex-
tsting cooperative arrangements with
the old companies. The new company
will bear tho title of the American
Merchants Union Express Company
The Commercial says that the Adams
Company was not represented at the
meetings that it is opposed to the basis
of the annalgamatlon, and that c0nse-
quently areneWal OF the Express war
Is by no means improbable. 5-.i e.
The Erie war has irelapsed into
quietude. Jay Gould and Jas. Fisk, iE.,
are still In possessionsot the office of the
Erie railroad, but thena is great reti-
cence as 70 whether they orTtae newly
- Na.I TsHsl T0aW
are running the road. Several Deputy
SheridsWere At the building this after-
noon, but no one seemed able TO account
for their. presence. LEx-J Judge Fuller
TOM Mrs Sherman and one or two 9TH
ers, who are retained as counsel for the
directors, were in close consultation
with Messrs. Gould and Fisk. 80
The joint committee on the two stock
boards who have undericohsideratlon
the proposition 10 strike the Erie from
the stock list, held. n meeting to day
without agreeinglon any action and ad-
journed until tomorrow. -lfari. ri.-l
The Times says: WeileRTn Judge Car
dozo has stayed gths proceedings of
Judge Davies rs Receiver, and he has
granted some order or that some notice
has been given under which a rehsaring
Is sought TO be Obtained before Judge
Cardozo OF the motion upon which
Judge Davies was appointed, SO that an
OtueE 6IEuEHle may De u1aU6 TO MAINTAIN
Gould as Receiver in the State Court.
It Is also said that Mr.. Belden, a for
mer partner Of Mr.. James Fisk,
Jr., has a, suit in which Gould
Is named as receiver. and besides these
suits theIe are Others by the Erie Rail-
way Company, and In one of them
Mr.. Belmont IS sued as 1t wonld seem
because it Is alleged he is not interested
in having his own 81 200 900 worth OF
stock protected against further Illegal
issue.
The Posrs money article says the rise
In gold at this time is chiefly the result
OF speculative efforts, and II Is said 10
be connected with O movement in Gov
ernment bonds. Some time since ex-
tensive speculative sales were made Of
sos of 1862. The amount of these
bonds in this market is comparatively
small and the holders OF them adj
vanced the prices about two per, cent
above the Eondon Quotation exchange,
and the gold premium being included
in the calculation it il reported to be
the intention of operators for decline
to cover their sales by importing these
particular bonds, which can now be
done with great profit; the scheme,
however, would be defeated by an Rd-
vance in gold. At the sale OF Govern
ment gold to-day bids were filed for
81 zoe, 900, and $500, 600 was awarded at
l35 55,lOO, 135 56-lO0 and I35 57-100.
u 3D..