The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1872-03-12

ABOUT THAI, SIXTY THOUSAND DOLLARS.
Ne n. fep pn Mr Ramsey tno courts WIN
Ment comes, You mad better see MIR. south inayd
about that There Is another tle matter that might
oe oe eXpaIneanabont how Mr. Loop was swinded
mans country store at ROxbury, Delaware county,
Ny; BY the way. Mr.. HERALD Commissioner,
the boundary Of the shscif's jurisdiction there"
GOULDs INFAMY.
"well,n said I, 'sME Ramsey, can you not tell me
s E,a ABOUT he career OF Mr. Gould In the
suppose we might as we'll proceed to that at once
In the fall OF 1867 Could Eldrdge and Fisk obtained
pose 9! controlling the election OF directors in the
Eric Railroad for that year. Eidridge, who was q
Keen fell0w was Interested in OBTAINING aid from
the Erie Ring for his Boston, Hartford and Fishkl
Railroad pr0lect"
THE BOSTON AND FIsHRILL swINDLE
To help him. he got Gould and FISK to work In q
nelarious way Fisk and Gould had been ia the
habit OF Obtaining proxies for Daniel Drew; me
proxies were obtained anu sold by Fisk to Gould
anu Eldridge. In tins villanous way they carried
the election. The old Board was turned out ~
which was included Daniel Drew. One Of the
members OF the Board, however, resigned and
Daniel Drew elected In MS place. These stock
properly
THE GREAT ERIE BOND swiNDLE
"Can You tell me, Mr.. Ramsey, something about
the great issue OF convertible bonds at that time ?'
Yes" saN the little man Ramsey, 81 can.
There were ten millions OF convertible bonds Is,
derbllt litigation. The issue OF the ten mil
lions Il was claimed was for ne pur
road Mr. Riddle, the CHIEF engineer Of the road.
road at $4,000 600 The statute only permitted the
issue OF these convertible bonds for such purposes
FIVE MILLIONS AT JUMP.
"Wnat became OF tins great sum represented by
'Ihe bonds were solo," he answered, land the
stock wcs put on the market wnen the stock
e CT ana
WAS there any question about this issue Of
Eyes, there arose a great dispute as to the
validity Of the bonds and stock thus issued.
An application was made to the Legislature
Dl was passed iegahzlng the proceeds by
The provision OF the act Tor doube.tracking the
than that specified In the wording; the proceeds
were paid by Drew as treasurer to jay Gould, who
JAY GOULD DEPIEs THE LAW.
"Was this not a violation OF law T'
"Most undou1tedly 1t was violation OF the
also President Of the Boston and FIslikilI road.
millions This was to help Eldrtdge's road, the
stock Of when had then no market valae.'
'Wnat ala Eldrdge then dOf'
RUNNING TWO MACHINES.
.You must understand that Eldridge was a shrewd
was also President OF the Boston, Hartford and
Flshklll Railroad at the same Time Eldrldge, hav-
Ing got the money II this way his
still retaining his position as Treasurer, thing
that Is not known on this Continent. There Is no
president and treasurer are combined il one per-
son, and 1t IS all the more extraordinary when 1t
occurs III great ana powerful corporation like the
Erie Railroad COmpanJ"
EIDRIDGE's LITTLE GAME.
'Did Eldrldge give any equivalent Tor the money
.Yes,n said the little man, with q laugh; "he
turned over four millions OF bonds OF the Boston,
Hartford ana Fishkill road OF which he was Pres-
dent 10 the Erie Ring scOundrelS, ana
for r' felony LOOK at the villanT in tins
Of the Slo0OOOOO should be used In double tracking
and extending the road TO Cnicago by, other con-
stockjobbng deot. wnl give you rescrlpt OF one
check as lOlows:-
VERY BIG CHECK.
~ oss ERIE k1fLko4p ooaFASy., ,..s J
Pay to the order Of LAY Could Treasurer five hundred
sSao.yco !: v. BROWN, Assl.,an, Treasurer
TWO days before Frank Work resigned as al.
rector; two weeks after, on the 30th OF July 1865
Eldrldge resigned as President Of the Erie Railway
Company, ana, the thing having been fixed very
nicely, Jay Gould was elected President on the same
afternoon, and, IN twenty minutes after Fisk, Lane
eced as Inrse o. The Se members q the Execu
aye Committee. =
TIE sTnrRHoLDERs FORCED TO BUY AN OPERA |
'r---,s, HOUSE. \ :, i IT - |
Out Of ibe 51A as oals..: in this illegal way
=. oo 900 Was paid for the Grand Opera House, Of
which the late Mr. FISK became the manager
heir ballet, pantomime ana spectacular representa-.
ions. me streets In the vicinity OF the opera
nense cost; the Erie Railroad Company were
made TO pay. extravagant rents for Offices;
'isk had his boxes and houses adjacent from
yox and adjacent house, and dancing women |
passed TO and fro through the passages During the
lours OF the day there were dancing and musical |
and the boards res0unded to the tread OF
pallet girls and The echoes OF operas and songs and
iii sorts of strlnged and wind instruments. These
performances tended very much TO
the numerous young clerks who were |
employed at their desks In the Offices OF the Erie |
Railroad Building.
Besides, 1t was virtually destructive to the in |
erests OF the Erie Railroad Company. In the minds
opera singers, ballet girls' passenger trains anu
"Weii, what resulted after thisr'
~ wish TO correct myself IN regard to the
amount which Eldridge received from Gould. l |
ad ina, II was ns S Az was 5 So
ponds to which l referred. portion OF these |
,onds were endorsed by. the Erie Railroad Uom. |
he proceeds were used In building road from !
Carbonate TO Susquehanna, Pa.
ANOTHER RAILWAY SCHEME OF GOULDs.
This road was known as the Jefferson Railway, |
wholly built out OF the five millions OF FishKil |
bonds endorsed by the Erie Railway. This proceed.
my, as any lawyer will tell you, was entirely with.
out warrant and wholly illegal. After the compile.
ton OF that road Gould and Fisk personally divided
000 000 OF the Jefferson Railroad stock, each taking
one.haf The executors OF FisE's estate not more |
than ten days ago, were trying to make sale OF this
Jefferson stock as part OF ms estate Each share
Of IL al par would be valued at 500 In New York.
MIR. Ophant, President OF the Delaware and Hudson
Canal Company nave heard, was offered some Of |
this stocR.r
GOULD TRIES TO TAKE AWAY MRS FIsKs ESTATE. |
''Ilave you heard any rumor that Gould was |
lately endeayorlng TO wrong MIS- Lucy Fisk by ma |
Dipuatng Narragansett stock9u
III cannot answer that question:
''llave you heard q rumor That Mrs. Fisk, being |
unable TO pay very lage bills which came in TO ner
after the death OF her husband, had been entrapped
Into selling onequarter OF the stock OF the Elmra |
Rolling Mil lett TO her In Colonel Fisk's Will ~
RAMSAY REFUSES TO "RIsE AND ExPLAIN.n
81 nave heard many rumors oil the kind, but can |
not certify TO their truth.n
'What further of the SIO 600 OO02