Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1872-12-21
jaw Gould Gives Reasons for His Past
Conduct.
Congress AdjOurns Until January 9Th.
Floods Prevalent Throughout England.
Severe Storm of ths Coast Of Italy.
HON. e NEWS.
Jay GOuId-Erie Compromise.

New YORK, Dec. 20-The settlementby
jaw Gould with the Erie Company was
the main topic of conversation throughout
the CITY last night It is everywhere re-
garded as a grand triumph for the Erie.
dThe PROPOSAL for the settlement was COM
municated IN letter by Jay Gould adj
dressed to President Watson, of the Erie
Railway, on the 18th of December. He
stated that since his resignation of the
p Presidency he had been prepared to make
conveyances to the Company of property
belonging to it which he held in his name,
but to which, he says, he never made any
claim. During his administration he made
various purchases of property for the Com
pany with the money of his own, the
benefit of which accrued to the road.
Upon the construction placed by Mr.. Wat
son on his accounts he was charged with
all these moneys, and hence he believed
the properties in question belonged to him,
and if they were now transferred he should
be credited with their value. Owing to the
state in which he was compelled to leave
his accounts on his withdrawal from the
Company and the loss of his account book
some things remained unexplained. The
various pieces of real estate in dispute,
therefore, he proposed to convey to the
Company, and in addition the Grand Opera
House and adjacent properties owned by
himself and Fisk. do this, he says, for
the sake of peace.
Mr.. Watson thereupOn reported that he
considered this a fair offer and would at
once lay the subject before a special COM
mittee. .t
On yesterday Gould made the following
statement to a reporter: Since the Fries
day my object has been TO soStain a series
of roads under practically 1QIte manage
ment from New York TO San Francisco,
and in this obtain fair share of all traffic
OH the intervening route and that which
accrues at either terminus. GOuld's object
seems now to be to enhance the price of
Erie stock to the end that he may be meas
urably reimbursed. .s .... -..
TERRE HAUTE, IND, Dec. 20.-The ma
chine shops of the Evansville and Terre
Haute Railroad were destroyed by fire to-
day.
NEW YORK, Dec. 20.-The executive
committees of the oil dealers and refiners
have agreed upon new prices, which will
be announced Monday.
The beer brewers have formed an organ
iZation against an increase of tax.
The real estate and securities transferred
by Jay Gould to the Erie Railroad Com
pany were formally surrendered to-day in
the usual legal form.
There is an unknown three-masted
schooner ashore near Great Egg harboT.
NAPLES, Dec. Ca gale of unprece-
denied violence swept over Naples yester-
day. Much damage was done to property
in the city, and the shipping in the bay.
COLUMBIA, Dec 20.-Judge Bond SEN
fenced number of so-called KuIzluX
and adjourned the term of the Court.
MONTGOMERY, Dec. 20.-The Houseper
manently organized to-day by electing L. |
E. Parsons, Speaker; Robt. Barber, Clerk;
w. Y. Turner, Assistant Clerk, and R.
Whitaker, colored, Doorkeeper; all Re-
publicans r.H Ea-
The disposition to retract former action
is no longer visible. A i seems to be har-
mOnious. In the election for Doorkeeper,
more votes were cast than members pres
ent. Both candidates were Republican,.
The Senate did nothing to-day.