New-York tribune., 1872-10-19
MIR. s. L. NJ. BARLOW cS. JAY GOULD
And HIS ORGAN.
70 ths Editor Of The Times.

TO the Editor or The Hmes'
SIR: The late managers Of the Erie Rail
vay III at ease since their expulsion have inspired The
Times TO question the honesty and capacity Of their
cessors The Times Of the 18th contains an article with
the promise Of more, needing correction.
First: The recent statement Of Mr. Watson that the
Erie Company had paid to me and to my firm, TO this
time the sum Of 5000 only, incomprehensibe as 1t
seems TO Jay Gould and his associates, was Of course
correct.
Second: The original contract be tween the Sleeping
coach Company and the Erie Company, in existence in
March last remains unchanged by any act Of mine or Of
the Company The statement that this OLD contract mas
been changed or modified 80 as 10 DC SUI. mort auVan
tageous 70 the Sleepngc0ach Company or changed at
All Is an invention. Mr. Pullman has merely agreed 10
purchase the interest OF the Erie p ~ & oSo Ss
Of the latter at any time within two years Beyond TINS
Third The facts as to my purchase of 900 shares Of
stock Of Jay Gould fully set forth IN letter 10 Cen
Dx written at the time In which did precisely what
The Times with conspicuous inaccracy says dd not do
but should have DONE viz informed tne Ere bOarG
mat had received and herewith nolosed the original
check for $4,000 payable 10 GOud's order and by him
indorsed TO me- and with his knowledge the Board ION
notion NJ one director" as is somewhat customary
resolved that the check be returned on the ground
fhat had originally offered this stock at cost TO the
Company which il had declined to purchase, and that
t6e 1Smpany had therefOrenO right TO this profit The
ZINES in one paragraph that the Erie Company
spS tben in another paragraph stutes itself by
serting that 1t could not legally have made such pur
chase the law OF this state forbids railroad
Companies 10 own the sleeping coaches upon their lines
and to be interested in any Of the fare collected on
these coaches" But / am not inclined TO admit MI
Goulds construction Of this or any law touching the
rights OF stockholders In railway corporations nor wac
that the reason why the Erie Company decnned TINS
Forth When this transaction closed by the pur'
chase by Mr. Pullman OF the shares heretofore held by
Mr. Gould and his associates in the Seepingcoaeh Com
pany they OF course, resigned as directors The ERE
Company had large interest IN this Company one OF
ia Officers only remained a director and at MT Pull
mans request and TO represent the interests OF lhe @
Company consented 70 act temporarily as dlrector,
0nafyng myself for that purpose by purchasing at s
mi value one share Of stock, Of the par value OF slVO
which now hold and have no other interest IN tne
Company The further profits and the " unknown
number OF shares" referred 10 in The Times article
have no foundation TO this one share ana az
anv time NV duties Erie director CONFLICT Win
those REQUIRED of me by the Sleepngcoaeh Company,
shall resgn one or tho other When this transaction Oc
CURED was incapable TO perceive that at some con
yenent season Mr. Gould would nsgate an attack upon
me Tor accepting his interesting offer OF 80 many shares
al so much less than their probable value. AT that ume
therefore, laid before associates all tho facts ana
they appear the suboned letter to Gen. DIX ana the
resolution OF the Erie Board OF June last. And am
yours, respectfully, oAAUEL L. ~ DAnDo"'
Nctc- York. Oct. l8, 1877. - - ,,,o
follows letter from Mr. barlow 70 ten Dx dste 'us An1
an sret from the Erie Directory Of June 49,
pletely proving the above AUTOMATICALLY