Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-12-21
Gould Says he Makes this "COncession
for Peace''-He URbOsOms TO a Re-
porter what he has Acc
cOmpIished.
The Effect Of the Settlement on Erie
Stock in Wall Street-Rapid Adj
Yanees Reported from london
The Delivery Of All the Stocks, Bonds
etc, by Jay GOuld, Belonging to
the Erie Road

Element OF Jay Gould with the Erie
Railway Company was the main topic
! Of conversation in the city last night.
] 1t Is everywhere regarded as grand tTi-
umph for Erie. The proposal for a set
/ Element was communicated in a letter
/ bv jaw Gould, addressed 10 President
/ Watson. OF the Erie railway, on the
eighteenth Of December. He stated
! that since his resignation of the Presi-
dency he had been prepared TO make
/ couveyances to the company of property
| belonging to it which he held in his own
name, but TO which he says he never
made any claim. During his admins
| tratiOn he made various purchases of
property for the company with moneys
OF his own, the benefit of which accrued
to the road. Upon the construction
placed by Mr.. Watson upon his accounts
he was charged with all these moneys,
and hence he believed that the proper
ties in question belonged TO him, and
if they were not transferred he should be
credited with their value. Owing to the
state in which he was compelled 10 leave
I his accounts on his withdrawal from the
company, and the loss of an account
book, some things remained unex-
planned. The various pieces of real es-
I
transfer to the company, and in addition
/ the Grand OperahOUse and adjacent prop
ertv owned by himself and Fisk. Il do
this" he SAYS, "fOr the sake Of peace
Mr.. Watson theTeupOn replied that he
considered this fair, and he would at
once lay the subject before the special
committee.
Gould yesterday made the following
statement to reporter: "Since the Erie
war, my object has been to obtain a Sc
ries of roads, under practically one man.
agement, from New York to san Fran
cisco, and in this way obtain a fair
share Of all the traffic on intervening
routes, and that which accrues at either
terminus. How well have succeeded
may be seen from the fact that Lake
Shore, Michigan Southern Chicago,
Northwestern, Union Pacific, Hannibal
and st. Joseph, Chicago, Rock Island
and Erie are now controlled by men who
have common interest. The Canada
and Southern Wabash are also partly III
our hands. Even Pacific Mail steam
ship stock is under our control"
Gould's object seems now to be to en-
nance the price of Erie stock to the end
that he may be measurably reimbursed.
jay Gould went this morning to the
Office Of 5. L. Barlow, the counsel for
the Erie railroad, and took with him
the documents necessary TO the settle
ment of the account of the Erie Com
pany against him. The meeting be-
tween the two gentlemen was cordial,
and the work of transfer Immediately
commenced, which will probably occu-
py the day. The success Of the entire
proceeding is said to be due TO Mr.. Bar
low, who has had the negotiations in
charge from the first. Transactions in
Erie in Wall street were considerable.
Stock opened at fifty-eight and soon adj
vanced to sixty.
At Barlow's office to-day, Jay Gould
delivered all the stocks and bonds which
were claimed from him by the Erie
Railway Company, amounting to be-
tween five and six millions. These
We're brought TO the Office this morning
in a large tin box, and have been trans
ferred to a similar box, in which they
will be taken to the Office of the COM
pany. During the counting of the Sc
curities and signing the receipts, there
were present part of the time, in addi-
ton TO Watson, who attended through !
out, Mr.. Duncan Sherman, Mr.. Travers |
aud Gould, who remained in Bar
lows office and assisted in working
1t is reported that Gould has surren- |
dered, Internationally, all his real es-
tate in New York, Pennsylvania and |
Rhode Island, also the Grand Opera |
house, with ten OF twelve adjoining |
buildings on Twenty-third and pwen- |
tv-fOurth streets, together with a val /
liable plat Of ground at the foot of
Twenty-third street, on North river. |
He also promised TO secure to Mrs |
Lucy Fisk her interest in the 1
Grand Operahouse. The property i'm |
Rhode Island given by Jay Gould |
is supposed by some 10 be his /
magnificent marine villa on the point /
at Newport. The New Jersey title COM /
prehends his real estate on the North 4
river shore. His Pennsylvania property /
is said to represent coal fields. His alb
sOlute surrender Of the Grand Opera
house property would seem to indicate
that Mrs. Fisk has been convinced Of
her inability TO retain her ownership
bad the suits been pressed 10 trial (
What arrangement has been made be-
tween Gould and the Fisk estate by
which this has been brought about is
unknown. The company have agreed /
to settle with the estate Of Colonel Fisk /
for Fiskis half of the Operah0use and /
tOuE AuLALE4 AlOlottlAa Nbl4tl.o AAA ttt1lIs J
This will leave Fisk's widow with less |
than one hundred thousand dollars. The |
actual legal transfer Of the real estate, /
embracing the tracts of land in New /
j sey, Ohio and Pennsylvania, may 1
require several weeks.
THE EFFECT IN LONDON.
LONDON, December 20, ! p.m.-Erie 1
is now quoted az fOTty-seven and a half. |
There have been immense transactions /
in stock this morning at prices ranging 1
from forty-six to forty-seven and seven /
eighths.
$50 D. m.-Erie shares are now quoted |
at fortv-eight and three-iourths.
The New Orleans National Republican 4
Of yesterday, states that the Republican /
members Of the New Orleans bar, are
indignant that Justice Bradley enter
tains the idea Of coming to New Orleans
n