Ashtabula weekly telegraph. [volume] (Ashtabula, Ohio) 1853-1873, 1872-12-28

that Barnum has been burned out Though
particulars are not given, it is supposed the
loss at this time, is nearly covered by insur.
.ancc
eB- Al Washington ii is thought The polyg.
! amy problem will soon be settled by the ad.
/ ministratiOn. The delegations in the interest
of Young, in that city, who recently came from
Utah, are working with less hope 10 avert the
coming storm. President Grant has expressed
determination to put an end to Mormon in
s,tuiions. After the holidays the necessary
laws will be presented in Congress. Rumors
ofimpendng change among high officials in
Utah are current
BouNTY BIlL-The House of Representa-.
tives, has passed an important bounty land
bill which gives TO every man who served in
the war of the rebellion for ninety days to
100 acres Of public land and provides that he
shall receive the certificate thereof without fees
The bill differs from other bounty bills in that
| 1t does not require residence on the soil to
perfect the title the soldier can sell the land
to whom he pleases. Principally because of
this feature it was opposed by some of the
4
best soldiers. These certificates will fall into
| the hands ofspeculators and be bawked over
| The country at cheap rates. so that it is doubt
fu If the soldiers will realize Gf the bill passes)
a months pay from his certificate The Sem
ate will hardly pass the bill Mt all events it
will scrutinize its provisions closely.
! THE REPORT OF THE ONO COMMISSIONER
| of Railroads shows the following statistics for
| the year ending June 30, 1872: The capital
invested in lines running in Ohio, S122, ,721 ,52G !;
the Ohio proportion of the funded debt of these
70 IDS is sl20 222 072; proportion of floating
debt, S5,0i5,7O0; the number of miles of road
running over Ohio soil is 3,797; the cost of
construction and equipment of these is S2O6
3j?SOj the earnings for the year is S34,2j1,-
100; operation expenses, s23, 500, 739 ; ne; earn.
ings, $1,000, ,G60; the number of persons killed
within the State, 1872, and 500 injured 1896
animals were killed and damages paid therefor,
$i2,o73; total number of persons employed on
these lines in Ohio, 25,303 There has been
| built within the year 315 miles of rOa6
!
| ANOTHER WALL STREET SENSATION tool;
place on Thursday OF last week, caused by the
report OF proposed settlement OF accounts
between Jay Gould and the Erie Company
The suits instituted by President Watson
against Gould were satisfied By the surrender
of properly Of the value Of $90OO,O00, which,
by this act is acknowledged TO have been
wrongiully taken and withheld-plundtred
from the company The sensation seems to
arise from the speedy result OF Pres't Watson's
movement in the matter. Although no one
doubted the perseyerance-the unswerying
| purpose OF Watson, or the corruption and
culpability Of Could his coming down at so
early stage of the proceedings, and the signal
success Of the movement, seemed to take every
one by surprise. The enormity Of the sum,
too, was in itself, of somewhat startling
character. 1t was supposed that Gould had
pluck, having the means q craliness could
render litigation uncertain. The grip of Mr..
Watson however firm, and lorbidding all
chance of escape. might at least, be drawn
tediously out, and in the end very much whit
tie down the whole claim. The voluntary
proposition of surrenlry, was the startling and
sensational feature of the affair. The surren-
dry was made on the Goth, and the reader will
be interested perhaps in running over brief
schedule of the assets, or securities turned
over. The business was transacted at the
Office of the attorney of the company, p, j..
N. Barlow. Mr. Watson was present through
out the counting of the securities, and the
signing of the receipts. Gould also remained
and assisted in the work. He has surrendered
Internationally all his real estate in New Jer.
sey, Pennsylvania and Rhode Island the
Grand Opera House, with ten or twelve adjoin.
ing buildings on Twenty third and Twenty
fourth streets, together with valuable plot of
ground at the foot of Twenty-third street,
North River, He also promised to secure Mrs.
| Lucy Fisk's interest in the Grand Opera
House. The Rhode Island property is sup
posed to be his magnificent Marine Villa on
the point at Newport. The New York title
comprchends his real estate interest on the
North River shore, and the Pennsylvania
property Is said TO represent coal fields His
absolute surrender of the Grand Opera House
property would seem TO indicate that Mrs. Fisk
had been convinced of her inability to hold
her ownership. What arrangement had been
made between Gould and the Fisk estate by
which this has been brought about is un.
known. The Company have agreed 10 settle
with the estate of Fisk for Fisk's half OF the
Opera House and 100000 in cash. This will
leave Fisk's widow with less than 100000.
The actual legal transfer of real estate. EN-.
bracing tracts of land in Ohio and Pennsylva.
mia, may require much more time than the
bonds and stocks
This is PERHAPS one Of the most noteworthy
transactions Of the day, and will give promin'
cncc to Mr.. Watson's name not only in this
country, but among the English stockholders
and capitalists OF the old world.
Notwithstanding the startling and stupen-
dous nature of this transaction, 1t Is believed
that Gould will turn the thing 10 his personal
advantage. us in the humiliation. OF being
forced GU, Of the presidency by Sickles, he
may now make more money, than by holding
ON. With the 100000 shares OF Erie stock
held by him. and that which he would be ena.
bled to buy up on either side OF the water, he
would very likely find himself the gamer by
his surrendry, from the advance in ,ts value.
He has stopped litigation yielded to Pres't
Watsons demands, and the market for Erie is
T.. Al. I'LL