New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-07-08

From Ths Triova,. J,iRs Il, l572.
Barrow, LII
ROGUE d Mcfarland. the
attorneys of the Ele Rail
way Company have been
instructed TO Degin proceed
fngs against Jay Gould, and
have accordingly servet
him with the following sum
mons for relief:
Court Of Common Pleds for he
Guy and Comfy Of Ncic- York :
Toe IRE Railway COMPANY PLAN
hA, AIT Jay GOuld. deletd at
Sammoas For Rehel-TO Iue de-
feBoant: You are hereby summoned
aad required 10 answer tie com
paint iu ,his action. which Nil be
hird IN tie oice OF tue Clerk Of
the Court Of Common Pleas for The
CitT ami County OF New-iork. az
tbe COurt-hooSc iu the CITY Of New
lork, and 81 serve q copy u your
answgf b tie SAID complaint On The
suaScTiheFs az their ottcs, No. -
Mllham-sL, in sad City Of New
Iork. within twenty DAYS after the
service OF this sammOus on you,
exclusive Of the day Of such ser
vice; AID II you fail 20 answer The
ssii complaint within the time
s.o-esaid. tbs .lsltif in this sction
vii sppb to tie Court FOR the re-
Az demanded N the complaint
IHed New-York, 10th June. 1872.
BARLOW. LAKoCQuE 4 hACFAR-
LASD, PlamuIs Attorneys.
Tue relief demanded in
this SUIT is at least the SUN
OF S6,0OO,CoO. and it is
only the precursor OF 80
other suits, both civil and
criminal, which are TO be
brought upon the evidence
found in the investigation.
The total amounts claimed
will probably aggregate
many millions of dollars.
The bill OF complaint IN the
present case Is very VOlunli-
nous, and Ia not yet COM
ple.ed, as IL requires a mum
her of days 10 prepare It.
As nearly as en- be asceT-
tanned IL Will cite particular
transactions Of Gould with
tie Company, whereby, in.
al, nance Of al principles of
trust, he, &C President of.
the Erie Railway Company
made nun rOHE eQptlaSl 81
with jay Could, the mdi.I
Vidual, 10 the Creat loss of
the Company the interests
OF which he was appointed
10 guard. IL viii also cite
details of the improper use
Of the property Of the Com
pany, whereby the Com
pany was injured and IN
CURED great losses, aud WILL
charge Mr.. Gould with the
appropriation Of valuable
securities and other prop
erty belonging 10 the Com
paDy and a failure 10 return
Flie same.
ION July 2 THE TRIBUNE ]
The complaints alluded TO,
ments made in its columns.
From TIE N. y. Times, Juiy6, 1872
There has ,been one facl
before them, viz: The New
York Central Railroad be
ing the only opposition line
AZ II could swallow Ere, 0l
Erie il, a monopoly would
he formed controlling al
The carrying business from
the West 10 the northern
seabOard. A consolidation
of New-YoTk Central and
Erie, however, was hardly
10 be thought of, for obvious
reasons. But finally II Is
reported the stockholders
have hit upon a solution OF
the difficulty, which was no
less than TO sack the present
board OF officers, and tender
the Presidency OF the road
20 Cornelius Vanderbilt.
The question was discussed
at a meeting OF the English
stockholders IN London q
fortnight ago, and az a con
sequence offers were made
TO Mr.. Vanderbilt, the tenOi
of which ia stated above
Mr.. Vanderbilt is under,
stood to have replied
that he would accept
The Presidency on comb
non OF having absolute con
troll, with power 20 do whai
he wished and thought need
1ui for the welfare OF the
road. An agreement was
thereupOn entered into, that
at the ensuing election
which will take place IN d
few days, Mr.. Vanderbilt
shall receive the votes OF
the English stockholders,
which are now amply sum
cent 10 control u, aud that
on the other hand, the road
shall pass into his hands,
and together with the New
York Central form "A mo-
nopOly Of the carrying trade
from the West 10 New-YOrk.
The tariffs will be raised i'm
mediately after the election,
and the Erie and Rew-York
Central Roads run praeti-
Gally as one corporation.
This arrangement has been
entered into as no expert
ment, but as a permanent
affair, and yesterday the
agents OF the English stock
holders made further extern
give purchases OF stock in
consequence OF the accept
ar ce by Commodore Van
nerbilt OF the Presidency OF
the road, the price advanc-
ing three per cent. Com
niodOre Vanderbilt will also
make changes In every way
OF the regulations and ap
purtenanees OF the road.
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