The Charleston daily news. [volume] (Charleston, S.C.) 1865-1873, 1872-12-28

Thursday at the Grand Opera House; and that
The members OF lhe special committee did not
know of the settlement until few minutes
before the meeting. Their object had been TO
effect settlement for the purpose of recov-
erlng the money and property OF the COM
pany. Mr.. Barlow had not heard OF Mr..
Gonld's desire to settle prior to the beginning
of The last suit and The arrest of the e1-presi-
dent.
If they had thought that there was sim
cere desire On the part OF Mr.. Gonld TO settle,
they would not have taken the trouble TO
bring suits to compel him TO compromise. Mr.
Barlow did not know Of any arrangement
whereby Gould was to be admitted to the d.
rectory, but If he had enough OF STOCK, no
powpr could prevent him from taking seat
as director.
Mir. Barlow read an extract from letter to
a CORES espondept in England, advertiDg to the
property relipquished and to the Important
coal fields. which originally cost $4,000. 600,
but would eventually be worth $4,000, 600 10
the company. The real estate consists Of
seventy parcels, situated In different States,
and the transfer will not be completed until
after Christmas.
COMMENTS OF THE PRESS.
The comments of some Of the journals are
not very complimentary to either party. The
Times thinks the whole thing looks like
.'compounding felony" The Tribune speaks
of it as case of ''thrIlty remorse," adding,
however, the question whether, In view OF
snch transactions as these, people are not
.'beginning to lose the sense of moral dis
tinciions In the dazzling and Vulgar glare OF
these vast speculallons % The Herald seems
10 think 1t will be good think all round. and
adds 10 that thought the moral reflection that
"lhe amount paid over, and the fact that the
pavment does not Interfere fer day with the
business transactions of the party making 1t,
show the enormous resources OF the SUCCESS.
ful operator on The street, and prove the
Jolly Of the little fishes who venture 10 swim
in the wake Of the levlRthaus OF The Deep
The New York Post says that the 'publio is
told that 1t must notlook upon this transfer OF
eight or nine millions worth OF property by
Gould TO the company as q restitution but
that the late president is only handing over to
the present president property remaining IN
bis hands belonging to the company. The
public memory is short, but this reliance upon
its forgplfulness is altogether too implicit"
The Herald says: "The general impression
prevailed that Mr.. Gould would make large
profit out of the transaction through The rise
Ia the stock, aud his settlement was pronoun-
ced one of the greatest. financial c0upS ever
accomplished. Some of the newspapers 60 80
far as to say that Gould will make several MIL
lions BY his shrewd operation, but few con-
slider that 1t was wise act Of the Erie pres-
dent, with the Tweed case before his eyes, and
the New York courts 10 fight 10, 10 make oil.
most any compromise rather than be compel
led to effect settlement through the ceurts.'
The Commercial Advertiser says that "restitu-
lion Is not enough; 1t may satisfy the Erie
stockholders, but the law must also exact The
statutory retribution.n