The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1872-12-20
NEW YORK.
Erie against Jay Gould.
He comes down to the tune of
100000.


EtODDcry.
New York, Dec. 19.-While Prof. Tyndall
was lecturing Tuesday night, his baggage was
rifed at the hotel of three hundred dollars and
other valuables.
The new Erie management completed to-day
the most notable of its undertaking. The
special committee appointed to take into con-
sideratiOn the proposal made by Jay Gould,
looking to a settlement of the suits instituted
against him by the Erie Company was submit
ted
The report presented was very long, compris-
ing the full terms of the offer made by Gould
and concluding with a recommendation that it
be accepted.
The report was adopted. The result will be
the withdrawal of the suits pending against
Gould upon his surrender to the board of di-
rectors of the securities amounting at par value
to S9,0S6,O00, which sum, according to the opin-
ion of members of the special committee will
cover the total amount for which the various
suits have been brought. The terms of settle
ment Include the transfer of $4,000 shares of
the Erie stock the Grand Opera House and
number of lots of valuable land amounting to
fully $7,000,000 at current value 1t rs stated
that before this thing was consummated Gould
was allowed to bid up all the Erie shares he
possibly could in this market and at bond, and
that he is now the owner of something like
200,0 900 shares, on which he expects to make
more money than he surrendered to the COM
pany. This statement was confirmed by Gould
himself thisAfternoon, who also said there was
an understanding that he was to be consulted on
matters of Importance in connection with the
business of the road. He thinks the arrange
ments now made will enable the company to
lay the third rail on the Erie road to make
through route with the Lake Shore Railroad.-
1t is also stated on other authority that the
money derived from the sale ofthese securities
is to used in laying third rail whereby the
narrow gauge roads of the West may have an
other outlet to New York without breaking
bulk: and further, it is reported that Gould will
throw his influence in the North Western Co.
in favor of bringing its traffic over the Erie
when 1.-THE third rail is laid There is large
short interest in the Erie shares and it is sus-
pected on the street that Gould will work the
Erie as he did the Northwestern common, and
eventually twist the operators on the bear
side.
S. L. M. Barlow stated that the property sur
rendered by Cord is estimated to be of an ac-
tual cash value of SIX to seven millions, and
worth to the Erie Railroad Company the full
amount of its claim.
Barlow said Mr.. Gould received no equivalent
whatever except the abandonment of the claim
against him by the company.
Various opinions are given as to the cause
which led to Goulds surrender, some believing
that he had no other resource and others that
it is part of a deeply laid plan to regain some
of his lost influence over Erie. Friends of the
road declare the semi-annual dividend on pre-
ferred stock will be paid as usual.
The Eriih Trial.
The trial of Lucus B. Irish for the poisoning
of Assessor Anderson, was continued to-day.
Justice Pratt decided that Mrs. Anderson was
not competent witness and excluded her tes-
tinony. 1t was given to prove that Anderson
occasionally drank to excess, and that he had
attempted to Jump overheard from q ferry boat
The Postal Telegraph.
| In an interview last evening with Postmaster
| General Creswell, at Washington he main
tanned that his statistics concerning the postal
| tp1nOronh had haor obtained after n nctu va
correspondence with telegraph authorities
| abroad, and were substantially correct reports
| to the contrary Notwithstanding. He added
that he should ask Congress for the appoint
| ment OF an impartial committee to thoroughly
| investigate the subject.
Cuban News.
Henderson, the Herald's returning Cuban
| correspondent, publishes twelve columns of his
| experiences. There are still 1900 insurgents
in the field who INSERT that they will never
surrender President Cespedes told him that if
there were sufficient arms there would be 200
more troops. The insurgents have plenty of
ammunition but not the guns to use it. From
| all that he has seen, Henderson concludes the
struggle will be prolonged indefinitely unless
outside parties interfere.
s. L. Barlow states in an interview last night
| that if the Erie Company accepted any PROPOSE
tions from Jay Gould for the settlement OF
claims against him, it would not be for less
| sum IMAM nine InllllOU UOlldTS.
| Escape of n Woman from Prison.
Sophie Lyons under sentence for shoplifting
escaped this evening from the State prison al
| Sing Sing in a carriage. Her husband, Ed
Lyons, alias Hapgood, escaped from the same
| place on the 4th inst.
| Thcl Harlem Court House Investigation
The continuation of the Harlem Court HOUSE
| investigation, yesterday, revealed additiona
frauds. John Kelley, stone. cutter, testified
that he cut marble slabs at the Court House fo
| Judge McQuade's house. Genet was present
but was not examined. S. B. Pike, counsel tt
| Mcbride Davidson the safe" man, testified
| that Genet came to his client last summer, af
ter the newspaper disclosure, and wanted tt
pay over the money for the transactions abou
the Court House, but Davidson, at his (Pikes's
advice, refused to take it or to have anything
to do with the matter.
Fire and Loss of Life.
Clements & Bloodgood's grocery was burned
at Flushing last night, and the business portion
of the town threatened with destruction. A
| midnight the flames were still raging, and fiv,
buildings had been demolished to arrest tn
confagration. One man was killed and DO,
injured by a falling chimney.
Sale of Telegraph Stock.
Yesterday Cyrus W. Field bought out the in
terest of considerable number of holders o
stock in the New York, Newfoundland ant
London Telegraph Company, amounting t
about three million dollars. The price paid i
| 80 cents ON the par value OF the stock.
f-- Credit sIIObilier.
Gen. f. w. Bird, of Boston, has communl
cation in the Tribune to-day, concerning tn
Credit Mobilier business He says the investi
eating committee should yield to the publ
demand for an open investigation, The follow
ing is an extract from his letter: eff it wcr
proper would appeal to one member of tn
committee who is well known here, who can 0
his own knowledge bear testimony to the fac
that the Credit Mobier stock was offered a
least 20 one member of Congress (for that mem
Der was himself), and that he man of inco1
ruptable integrity, as he is known to be, de
clined to receive it.
VariOus Matters.
Judge Blatchford decides that the preferre
stock of the Erie Railroad is not entitled to
dividend in preference to any classes of il
mortgage bonds.
Nine jurors have been obtained for the Stoke
! tr;a