Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-11-26
The Stock Gamblers.
More About Northwestern, Eric, aud
Gould.

New YORK, Nov. 25-Northwestern shares
have again gone up 10 1I5.
suit has been instituted by the Erie railway
comuany against Daniel Drew TO recover So
600 900, alleged to have been cmbtzzled bv him
while treasurer of the Erie company in 1865 by
the sale OF 50 600 shares of watered stock.
Mr. Butler Duncan publishes a card denying
all connection with the present pool or corner in
stocks There are rumors of fresh arrest of
Gould to-day, and the shorts in Northwestern
are preparing TO make a fresh issue of stock.
President Watson Of the Erie railroad stated
in an interview last night that he should at once
begin suits against all persons known to have
in any way defraudcd Ere He was satisfied
that Daniel Drew was largely indebted to the
company.
Tie Post states that the losses of Daniel Drew
on Northwestern so far amount to a million
and a quarter.
This afternoon there WAS an order sent into
the stock board to buy four thousand shares of
Northwestern for the account OF Drake Bros. by
Garland, Martin & Co. Nr Drake claims not
TO be responsible, as he only cleared the stocks
for H. \. smith, who had borrowed the stock
from Garland, Martin & Co., upon which he
paid sixty dollars per share. Josyn Bach 4
Co. sent their check for the full amount for the
account of Smith 10 Drake Bros, and they
drake Brosl paid Garland, Martin & Co. with
their check for the same amount, thus only
clearing the stock Tor both parties.
1t was expected on the street to-day that Jay
Gould would be fe-arrested at the suit of the
Erie directors, but no movement against him
has yet TRANSFERRED.
8 Judge Fancher, on application of 7. g. Shear
man, issued an order against the Ere railway
TO show cause why the order OF arrest against
Gould should not be vacated. A order was also
granted to take the deposition of Horace F.
Clark TO be used on the motion.
Gould has made an affidavit, in which he
denies Peter H. Watson'S and Henry N, Smiths
alfidayits, in general terms, and states that, as
to all matters of fact in Watson's affidavit,
they are made to appear in false light by
the suppression Of other facts, which must have
been known to Henry n. Smith, from whom
Watson obtained all his information; that
Watson knew that the Erie railway company
had granted him a release at a meeting at
which neither depOnent nor Fisk were present,
and purpOsely suppressed the fact; that prior to
and at the time OF his arrest he was actively
dealing in Northwestern 10 advance its price,
and that parties TO whom the management
gagged in depressing its price; that plaintiffs
attorney, under the encouragement of Smith,
Drew, Travers and other Spectators for the
fan, sought to have deponent held to bail in
50 900, under the impression that he could
not procure such bail, and would he compelled
to remain under arrest. A panic would have
been produced upon the market, and he states
as his belief that such result was contemplated
by the attorney in the action, and by the others
he had named, and that this Erie railroad would
never have been able to recover anything from
him, if anything was due.