New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-06-14
PHASES OF CRIME.
JAY GouLD,s MIsDEEDs.

STARTLING RESULTS OF ERIE INvEsTIGA TIoNs-
AsUTT AGAINST GOULD FOR OVER SoOOO,OOO-
FORTY OTHER SUITS TO FoLLoW-ERIE
STOCK IN wALL-sT.
Another new and startling phase of Erie
has lately developed Itself and threatens with over
wheming disaster the fortunes Of the late President
Jay Could and of his associates IN the misnanage-
OF that road Soon after the great Erie revolution OF
March H. whereby Gen. sckes and the reform directors
busted Gould and his comrades and substituted Tor them
the present Board meeting OF the latter was held az
which resolved that the books and the actual con-
don of the road should be Immediately investigated in
order that its liabilities and resources might
be accurately ascertained. This INVESTIGATION
has been going ever since, and with
astonishing results The worst that has been said re-
gardng Goulds and abuse Of the road for the
Advancement OF his own personal ends has hardly
exceeded the actual brought out by the nyesga
ton. These facts so thoroughly demonstrated
that Barlow, Larocque & Macfarland, the attorneys
Of the Erie Railway Company have been instructed to
begin proceedings against Jay Could and have accord
ingy served him with the following summons for relief
Court Of Common Pleas for ne City and County OF
Netc- York.-The Erie Railway Company plalntiT aSt
Defendant You are hereby summoned and required to
answer the complaint 10 tHs action, which Will ne MED
in the Office Of the Clerk Of the Court OF Common Peas
for the City and County OF New-York, at the Court
house in the City Of NewYork, and TO serve copy d
your answer the said complaint the subscribers at
their Office No 80 Wuliam-st in said City OF New York.
within twenty DAYS after the service OF this summons
yOu exclusive Of the day Of such service; and you
fail TO answer the complaint within the time afore
said the plaintiff in this action will apply 70 the court
for the relief demanded in the complant-Dated New
BARLOW, LARocouE & MACFARLAND,
Plaintiffs Attorneys.
The relief demanded in this suit Is at least the
sum Of 5000, 900, and it is only the precursor
of 40 other suits, both civil and criminal, which
are to be brought upon the evidence found in
the investigation. The total amouns claimed
will probably aggregate many millions Of dollars. The
bill OF complaint the present is very voumnous,
and is not yet completed itrequires number Of days
to prepare it. AS nearly be ascerained it will
cite particular transactions OF Gould with the Company,
whereby in defiance OF all principles Of trust he, as
President OF the Erie Railway Company made numerous
contracts with Jay GOIld the individual 70 the great loss
of the Company the interests OF which be was ap-
pointed 10 guard 1t will cite details Of the i'm
proper use Of property Of the Company, whereby
the Company injured and incurred great losses and
will charge Mr. Gould with the appropriation OF valu-
able securities and other property belonging TO the COM
pany and failure return the same. Should even the
first of these suits be decided against Mr. Could it will
undoubtedly involve him in hopeless bankruptcy. An
effort was made yesterday afternoon, TO see Mr. Could
but ne was out Of town, and could not be reached.
Erie was excited yesterday by a story, current on
Wednesday Also that bull operator in Erie had failed
long" Of 10000 shares, IN London. At first it was dis
credited by the principal bankers In constant commun
cation with the London market Yesterday morning,
however it confirmed by special telegram, and the
Erie Directors also privately advised OF It, The
confirmation became generally known here about II
oclock and precipitated selling movements upon the
general list consequence Of which the stock fuctu-
ated freely opening at 5st, selling high as co., de-
clining again to 5st, and closing at 59s