, 1872-12-21
Details of the Set
tlement with Jay
Gould.
The Little Broker One Of the Largest
Stockholders in the Company.
His Projected Grand Railroad COM
binatiOn.

New YoaK, Dec 20.-The refunding Of nearly
ten millions of dollars by Jay Gould to the Erie
Railroad, does not excite newspaper comment
complimentary to either party.
The Times thinks the whole thing looks like
- compounding felony" -
The Tribune speaks Of it as q case Of "thrifty
remoree," adding the question whether, in view
Of such transactions as these people have made,
are We not Il beginning to lose the sense OF
moral distinctions in the dazzling and vulgar
glare or those vast specu1ations p
Gould virtually admits that he stole over nlne
millions from Eric. He has specnlated With this
sum for several years; has been lucky, and can
now afford to compromise by returning about
six millions cash value.
President Watson said to reporter:
II cannot do other than accept Mr. Gould's
desires peace for one thing, and that he has
other large interests in Erie, which prompt him
to the step. he is certainly one Of the largest
individual stocsholdorg in oct3as,v the road ID
aees 1aa 'f%s Fpom the te hows1eF asssS when @
got possession of AIr. Smiths books and evil
dence. I was satisfied that Mr. Gould would
come to settlement"
Mr. ". Butler Duncan, also being interviewed,
Raid:
"We have enough to secure US. The whole
and only point ia this, that Gould su1renders up
the whole Of what rightfu1ly belongs to the Erie
Railroad and, under the peculiar circumstances
Of the case, ne are Inclined to e1claim =: Hall
loaf is better than no brend.'"
It is stated that Gould holds $20, loco, 900 in
Erie shares, which have netted him profit since
yesterday morning. Of about 81, 1000, ,00U. He is
large holder in other shares, which have also
advanced.
At II a. NJ, to-day, Jay Gould drove in hia
carriage to William street, and entered Mr. Bar
lows Office. a gentleman from Osborn
Chapins arrived, conveying two attaches OF that
was taken into Mr. Barlow's private Office, nn-
packed, and it's contents stacked up on table.
| they we're stocks. bonds. and other
securities, which Gould WAS to trans
fer, and they amounted nominally to
| about So, 900, GOO. They we're 60 bulky that Mr.
Barlow was Obliged to send for boxes to pack
them in. Mr.. Watson soon arrived, and Measrs.
Duncan, TIaycrs, and others Of the Erie
Directory were present ut the time.
During the proceedings, Gould was ac-
and then the work was begun. The counting
| and examination Of the securities consumed
| about three hours The stocks and bonds
amounted to over $4,000 900. The delivery OF
business relating to tier estate in this city
| connleted by aIfixinc the required signatures st
o'clock last evening. This leaves something
less than %, 900 900 In real estate in New jersey
| Pennsylyania, Ohio and Rhode ysland, compris-
! ing sixty or seventy tracts Of land and other
| property, to be conveyed to the COM
! pany. On much Of this the papers
cannot be completed in several days, but the
Erie Company is satisfied TINT Gould intends
to {uiAl bis contract exactly; The city property
| includes the Grand Opera House, houses and
lots in Twenty-third and Twenty-fourth
| streets, and On the North River, al amount, !.
| ing to about 50, 4oo, GOO. Eve5ythAngpassed OF
pleasantly. During the operation, q cable des-
| patch Tns received from Mr.. McHenry in Lon
| don, and several dispatches containing full
advices were sent in reply. Gould returned to
his headquarters md went about his business
The nature Of the securities transferred, Mr.
Barlow as yet declines to make public.
| It is rumored that the Company have agreed
to settle With Colonel Feks estate If for $4oo Goo
nels widow about S1oo, 900.
After performing bis Little morning Job, Gould
welcomed the reporters in very beamlDg man
ner, but he would talk OF nothing but Enc, which
| [Io hhe Associaed Press1
NEW YohK, DEC: 2o.--Jay 'Gonio Ten1 tnls
morning e me olHce OF =. - ~; oallo%, eo1n, u.
sel OF me hlle laroaa anu t9om VII Wa ~ .,e @
documents necessary 60 se!1lenent Mi 91 me &C.
| couns OF tl!e Co0pany AGAINST AhA. 1ne mee1