Litchfield enquirer., 1868-08-13
HOW THE ERIE FIGHT WAS SET.
 TILED,

Tbe Erie war was sangEinary and ex- pensive one, entailing Yets \ asavy outlaws upon the respective belligerents. Onr lawyers have not had such rich bone to pick in a long time. Several attornevs re- ceiyed retaining fees, all the way from three hundred to a thousand dollars. who were never called on to the case at all. Several were simply retained in order to prevent the enemy from securing their services The war has ended and the fight settled; but few, if any, in or outside of the city, however, know anything about the basis of settlement, or which party came out ahead. Your correspondent has ob- tained the full facts in the case, which he will proceed to communicate to you.
 And first, Commodore Vanderbilt came out first best, as he is won't. He distanced Daniel Drew, and the latter was compelled to come to terms. Hereafter. Erl- will be ruled, run, and controlled by Vanderbilt and his subordinates, and Daniel Drew ceases to have any connection with 1t. You will remember he (Drew) had loaned the Erie company something like three and quarter millions of dollars, receiving as collateral fifty-four thousand shares of stock Having obtained this stock, he be- gan to speculate with it and it passed from his hands In accordance with the terms of settlement, he Is now permitted to keep this stock (that is, not return 1t to the company) He is charged seventy dollars a share for it, whereas it was hypothecated to him at sixty dollars share, a difference i against him Of ten dollars for every share You will remember that the directors Hpder H?lppd(lse Drews generalship suddenly put a ket urng oanS t,, 15 1gM aSi ths Al Work, Barton < Davis, and other brokers of the commodore, took the new stock as fast as it was rushed upon the market. By so doing Drew's game was defeated, which was to depress the stock so that he could buy back the fifty four thousand hypothe- cated shares which he had permitted to passout of his hands Vanderbilt saw the game and blocked it. It is now arranged that the company shall take back from the commodore fifty thousand shares of this new stock which Drew and the late direc- tors put upon the market, paying, on an average, about seventy-two dollars share, which was the average figure the shares brought when rushed upon the market by them, and bought in by Vanderbilt.
 As stated above, MT. Drew goes out of the management of the road, and is SUD- posed to give up all his interest. It will now pass under the control of Commodore Vanderbilt and his associates, who already hold New York Central, Hudson, Harlem, and are endeavoring to buy the New York and New Haven route.
 The endorsement of the four millions of Boston, Hartford and Erie road remains undisturbed. Itis understood, however, that no further aid will De given by the Erie corporation to this road
 The project of building the Akron (O.) branch is abandoned
 It is understood that MT. Vanderbilt purposes to lay an additional line of rails on the Erie road, making it at tho same time broad and narrow guage and in the future to construct all engines and carria- ges on narrow gauge pattern. In this it is supposed that all the rolling stock of Erie will be narrow guage in ten years. Commodore Vanderbilt estimates that by thus reducing the guage of the road, he can reduce the expenses ten or fifteen per cent.
 WALL STREET GOSSIP.
 Vanderbilts men affirm that New York Central will go to POO, and is now paying at the rate of IT per cent. per annum. Heretofore, 1t has never paid moro than seven. l can't say as to the truth of the statement. The impression prevails on the street that Boston, Hartford and Erie will steadily advance to thirty, or higher. Not knowing can't say.
 Though the present is a broken market, the manipulators have continued to rope in numerous verdant outsiders. One, @ fine fellow from the West, saw the last of twenty thousand dollars disappear in Erie and Central yesterday. Twenty thousand which he brought to the city eleven days ago to speculate with and make his fortune If men will trust their funds and them selves among them Wall street gamblers they must take the consequences. s.-Cou- Tank