The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-03-13
THE DOWNFALL OF ERIE.

he received everywhere with satisfaction
The morning papers regard the results o
yesterday as q great triumph In the inter
est of honesty and reform. @
TIE Herald says no coap Eetdt has 70
suited In a more entire success since thI
famous I'd Of December at Paris, whel
the Assembly was dissolved and the lead
ers were transferred from their beds Il
prison cells. ltadds that a few days will
disclose u history OF prOhtgaCy and CFimt
that will astonish even those who had an
preciated the character of tho Erie ring
The World thinks II useless for Goult
TO attempt 10 make any resistance Il
what has been accomplished. ..
The Tribune says the legislature shoulL
at once order an election Of directors and
put the action beyond any question o.
doubt Last night Gould and hi:
employees attempted 10 abstract from The
safes the books Of the company, which
were taken possession OF by the new
board. Some Of the transfer books were
taken but subsequently recovered. Henry
Sherwood, one Of the ring directors who
has not yet acknowledged Dix as Prcsi
dent, says the whole business Is the work
OF the Atlantic & Great Western Railroad
Company, which desired 10 get control oi
the Erie with view to using It IN helping
the Atlantic and Great Western out Of III
liabilities. fHh7'f NJ,
A dispatch from Albany says the new.
has spread CONSERVATION among the lobby
and rural members of the Legislature
who were expecting to make o great deal
OF money out Of the bill now before the
Legislature for ycpealing the classification
act. .''
Mr.. Ramsey, ex.President OF the sus.
quehannah Railroad, says the amount
which Jay Gould has not accounted for Of
the proceeds, stock and earnings Of the
Erie Railroad Is enormous.
The new directors Of the Eric Railroad
yesterday treated with contempt letter
sent them after they had taken possession
Of their rooms, by Jay Gould, Offering to
place his resignation in the hands oil
Horace Greeley, on conditions that the
other directors do likewise and new
board be formed. Gould promises ID
make legal fight against the new men.
1t Is said that the friends of the late Jas.
Fisk are rejoicing at the smash.up ol
Gould, who Is reported to have been lor
the past year the real enemy of Fisk;
and, also, that Gould tried to cheat Fisk s
widow out of certain stock Of the EImira
rolling mill. l''.
A portion of the Grand Opera House is
yet filled with gangs OF men under the
employ Of Gould, while another portion is
occupied by policemen under the orders
Of the new President.
Gould and several of his adherents, as
well as Archer, the Vice President OF the
new directors, remained at the Opera
House, Erie headquarters, during the
whole night. At tabout three In the morn.
ing some of Archer's men were falsely
by a report that a gang of Gould's
men, under one Lynch, were trying to get
possession Of the Presidents room. 1t
was said that Lynch made proposition
to Archer, which was declined, promising
10 Vacate the place for 81 800. Lawyer
Shearman at 4 A. NJ. had a long consulta.
tion with Archer upon some proposal
from Gould, tho natureof which Is not
known. Some of Lynch's gang tried to
approach the Treasurer's room at s A. NJ,
but force caused them to desist, At z A.
NJ. signs oil activity were manifested in
anticipation of struggle to-day
Jay Gould remained locked in hisr0Om
This morning, the new directors maintain.
ing possession OF the remaining offices.
The police wererelieved at s o'clock by
> squad Of 80 men from the different sta.
lions. The entrance to the Opera House
s securely guarded. The police maintain
strict neutrality, obeying the orders Of
both Gould and Archer. The manifesto
81 Jay Gould, which was put on the build.
ing, is torn down. There has been no
disorder either inside or outside of the
building. '18 nv ,ril',
The directors held meeting about
noon, at which Gen. Sickles was present.
They passed resolutions that the Jona fde
,tockholders shall hereafter have the full
exercise Of their rights to control the di.
rection OF this company, and that the
Board will do all in It's power to bring
about this result; also approving Of the
Dill before the Legislature repeating tho
classification act, and sending two OF tho
counsel Of the Board to Albany to urge
Lhe passage thereof. 'i~ 1s'>i 2 '1S
Gould has just resigned the Presidency
0f the Erie road at a brief meeting, at
which the Board OF Directors and General
5ickles were present. i4 i.,'. a'N -s1
The resignation OF Jay Gould rs Prcsi.
lent Of the Erie Railroad, is said to have
been accomplished rs follows: General
5ickles was ordered by the Board to offer
.he ultimatum that Gould, Eldridge,
Shaw and Drake should be permitted to
retain their position as directors if they
would come into the session of the new
Board. The General, with much Difficult.
y, gained access to Gould's stronghold,
where, after considerable parley, the
Terms were acceded to. These gentlemen
attended the meeting at which all the
acts were confirmed, and at which Gould's
was accepted. l-u.r Iy 10
Gen. Dix then took formal possession
1f the Presidents room. plg.4sr
ALBANY, March 12.-The action in
Erie affairs has caused quite tluttering
hero. Members of the legislature are dis.
cussing its effects pro and con. Some
believe the affair mere blind. .. .
NEW YORK, March 12.-There has
been a large operation in Erie this morn
ing, the stock opening at 81. but declined
10 35e. Over twenty thousand shares
nave changed hands. ,slru .a .,.
Jay Gould, signing himself President,
to-day issued an order directing all tho
clerks and employees to receive inStruc.
tons only from him. .....
There was nothing in the way Of in.
functions or warrants for the arrests OF
Lane or Judge Hilton, which are expect.
Cd, to be served by order Of Judge In.
graham, up to noon. ssn4 3.eE la.
River News.