Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-03-13
An ERA IN ERIE.
lay GOULD DETHR0KED-A CHANCE
FOR THE HONEST sT0cKHOLD-
ERS OF THE ROAD.
PROGRESS OF the FIGHT-JAY 9. THE
UsDER D0G AT PRESENT.
RESIGNATION OF soULD.--THE ROW
TEMPORARILY SETTLED.
m0RNING nIaPAFCHEs.

seems TO De received everywhere VIII
satisfaction. The morning papers re
gard the results Of yesterday as a grea
triumph in the interests of honesty
and reform.
The Herald says no coup Petdt hal
resulted in more entire success since
the famous second of December al
Paris, when the assembly dissolved
and the leaders were transferred from
their
BEDS TO PRISON CELLS.
It adds that few days will disclose
history Of profligacy and crime thai
will astOnish even those who had ap'
preciated the character OF the Erie
ring.
THE WORLD THINKS
il useless for Gould to attempt to
make any resistance to what has been
accomplished.
THE TRIBUNE SAYS
the legislature should at once order an
election for delegates, and put the &C
ton beyond any question Of doubt.
At a late hour last night Gould and
his employees attempted to aOstract
from the safes the books Of the COM
pany, which were taken possession OF
by the new board. Some of the trans
fer books were taken, but were subse-
Quently recovered. Henry Sherwood,
one of the ring directors, who has not
yet acknowledged Dix as president,
says the whole business is The work Of
the Atlantic and Great Western rail-
road company, which desired to
GET CONTROL OF THE ERIE
with the view of using it in helping
the Atlantic and Great Western out
of its Liabilities.
Dispatches from albany say the
news spread CONSERVATION among the
lobby lists and rural members of the
legislature, who werei expecting to
make great deal Of money out OF the
bill now before the legislature for re-
pealing the classification act.
Ramsey, ex president Of the Sus-
Quebanna railtOad, says the amount
which Jay Gould mas not accounted
for OF the proceeds Of stock and earn
ings OF the Err g is enormous.
GOULD AND SEVERAL ADHERENTs,
as well as Archer, vice president Of
the new directors, remained at the
Opera-house, Erie hesdquartes during
the whole night. At three o'clock this
morning some of ATcher's men were
falsely alarmed by a report that a
gang of GOuld's men, under one
Lynch, was trying to get possession
OF the presidents room. 1t was also
stated that Lynch had madea PROPOSE
tiOn to Archer which was declined,
r,rrrnfufrarr IN thn v,fa Eo.-
fifteen hundred dollars.
Lawyer Sherman at four o'clock
this morning had long consultation
with Archer upon some proposition
from Gould, the nature OF which Is
not known. Some of Lyneh's gang
tried to approach the treasurel's room
at five o'clock this morning, but the
force present caused them 10 desist.
at seven O'Clock this morning signs
we're activity manifested in anticipa-
lion of the
STRUGGLE FOR To DAY.
There have been large operations In
Erie this morning, the stock opening
with an advance to 81, but declined to
35f. Over 70, 900 shares have changed
hands. Jay Gould, signing himself
to-day issued an order di-
recting ali clerks and employees to re-
ceive instruo ions only from him.
AT THE STOCK EXCHANGE
to-day a letter was received from Sec
retary Otis, of the Ecie directors, an
nounciDg that the present amount Of
The capital stock of the Erie company
Is about $78, 900, 600; that the transfer |
books are closed until further orders;
also, notification Of the election Of |
President Dix; also,thst a motion |
was unanimously adopted by the new |
board that the resolution of the Erie |
executive committee, passed in July,
1871, authoriEing the issuance OF $22,- |
700, 900 in bonds convertible into stock |
% rescinded, and the stock exchange |
Notified accordingly.
Jay Gould remained locked in his
Dom this morning. The new direc-
ors still maintain possession Of the /
offices. The police were
elieved at eight O'Clock by a squad
# fifty men from different stations.
The entrances to the opera-hOuse are
SECURELY GUARDED
" the police, who maintain strict
neutrality, Obeying orders Of both
fOuld and Archer. The manifesto of
-ay Gould which was put on the
was torn down. There has
'een no disorder either inside or out
ide the building.
The board of directors held meet
ng about noon, at which
GENERAL sICKLEs
Yas present. They passed a resolu-
ion that bonafide stockholders shall
eTeafter have full exercise of their
lights to control the direction of this
ompany, and that the board shall do
II in its power to bring about this re-
ult; also approving the bill now be-
lre the legislature repeating the clas-
ification act, and sending two cOun-
Ell of the board to Albany to urge the
assage thereof,
OUT AT Last.
At 8 meeting held at noon Jay
IouId resigned the presidency Of the
1rie Railroad company.
LAST NIGHTS DISPATCHES.
HOW THE THING WAS MANAG ED.
The resignation OF Jay Gould as
resident of the Erie railroad is said
o have been accomplished as follows:
General Sickles was empowered by
he board to offer the ultimatum that
1ould, Eldridge, Sherwood and
Drake would be permitted to retain
heir positions as directors il they
would come into the session of the
lew board. General Sickles with
much difficulty found access to
iould's stronghold, when, after con-
iderable discussion, the terms were
.cceded to. These gentlemen attend
d the session, at which all the acts Of
he new board were confirmed, and
iould's resignation Was offered and
.ccepted.
LYNCH AND HIs MEN
we're dismissed, order was restored
nd the police left the building. Gen.
raj DIX then took formal possession
4 the presidents room.
It is rumorsd that Judge Ingraham,
Vho was at home sick, has issued an
attachment against John Hilton, one
I the new board, for an alleged con-
empt In violating the injunction is
ued yesterday.
RsEW n s eRAlNs OUT.
/
uieide ofA German MusicsTeaeher In
Central IIltR0A--
ST.. LOUIS, March IA German
nusic-teacher, named Christian Erie
,olin, living in Mascoutah, Illinois, a
hort distance from Belleville, COM
nitted suicide Saturday by blowing
be entire upper part Of his face and
Iead away with 8 pistol. Friebolin