The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1872-12-20
NEW YORK.
Jsy Gould and Erie

Erie management this morning COM
pleted the most notable Of their under
takings. At the meeting to dsy there
were present President P. q. Watson
Ex-Governor Morgan and Messrs. Bab-
cock, Schurayed, Lansing, Ramsdell,
Duncan, Barlow, Day, Shiffen and
Travers. The special committee sp'
pointed to take into consideration the
proposal made by Jay Gould, looking
10 settlement of the suits instituted
against him by the Erie Railroad Com.
pany, eubmitted their report. Messrs.
Barlow, Morgan, Butler, Duncan.
Travers and P. q. Watson constituted
the committee. The report presented
was very lengthy, embracing the
full terms OF the offers made by
Jay Gould and concluded with the re-
commentator that the proposition for
settlement be accepted. The report was
adopted. The result will be the with
drawal OF the suit pending against Jay
Gould upon the surrender to the Board
OF the securities, amounting to $685.
900, which sum, according to the opln-
ion of the special committee, will cover
the total amount for which the various
suits have been brought. Mr.. Gould
stated to day the terms OF his settlement
to be that he has transferred to the
company SO ,555 $50, being stocks and
bonds and the balance in real estate.
He estimates S9,000000 transferred 10
s7,OOO,O0O, par. He says the
arrangement now made by him to the
Erie railroad will allow them to lay
third rail on the road and also form an
alliance with the Lake Shore railroad.
The necessary writings were made at
his Office, and he believed that the
securities would be delivered to-day.
Mr.. Barlow said Mr.. Gould received no
eqnivalant from the company.
The settlement of the Erie-Gould
suits, by the promise Of the payment OF
nearly 81 100000 by Gould, has caused
much excitement over the CITY, and has
had benefcent effect upon Erie stock,
which has risen from 81 10 57!.
Transfer OF Cable Stock.
Three million dollars worth Of the
New York, New Foundland and London
Telegraph stock has been sold to
Mr.. Cyrus w. Field, and 81, 100000 OF
the money paid to-day. Mr.. Field
bought out Moses Taylor, Marshall o.
Roberts, Peter Cooper, Wilson G. Hunt
and other stockholders. English cap
itslists have acted with Mr.. Field IN
the purchase. They offered the New
York, New Foupdland and London
Telegraph Company one per cent for
the privilege of calling the amount OF
stock which they held, at 80, within a
limited time. The shareholders were
requested to call to-day and getthe bal
ance due on their stock. 1t is said the
Office will be removed to London. An
immense profit-not less than forty per
cent-has been made on this stock,
The Stokes Case.
The Court Of Oyer aud Terminer was
crowded to day to witness the work OF
jurors in the Stokes case
Up to 4 P. NJ. six more jurors were
obtained, making nine thus Tar.
The Rditorship Of the Tribune.
Inquiry at the Tribune Office this af-
teruoon Jailed to reveal the truth or
falsily Of the report from Washington
to the effect that negotiations looking
to the acceptance by Mr. Colfax Of the
editorsbip of the Tribune had been
broken of and the matter was at an
end. Samuel Sinclair upon being ques'
toned regarding the report said that he
knew nothing about the matter. Mr..
Orton being absent in Washington,
nothing definite could he ascertsned
Mr.. Colfax's decliration OF the
editorship OF the Tribune has placed
the stockholders IN a fix What the
future course Of the paper will be is
very uncertain William Orton will
not retain bis hold OF the stock long
He is reported to be in Washington,
but he was discovered al his Broadway
office to-day. He has negotiations
pending with three parties Tor b 8
sale OF his interest. One is an editor OF
a morning paper in this city, another
is Ex-Governor Church and the other is
Whitelaw Reid, who desires to get
sufficient stock to maintain his position.
One OF these parties is backed BY the
money Of Peter B. Sweeney and VIM.
NJ Tweed. He has the refusal Of the
ffty>ope shares held by Mr. Orton for
forty eight hours. Who will vet man
age the Tribune lie an uncertainty.