Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1872-11-23
The Excitement In Erie Circles-ThC
Claim on Jay Gould for Over Nine
Million D0llars-GOulG's Bail
Fixed at 0ne Million
Dollars.
The American Free Religious AssOcia-
tiOn in Session at PhilRdelphia-ln-
surance Intelligence MissiOnR-
ry Assessments by the NJ, E.
Church.
General Clusaret's Retreat-A Public
Reception Proposed for Stanley, the
Great Livingstone DiscOyerer-
Erie Railroad Matters,
Etc, Etc.

Froude last evening. The Academy 0
Music was crowded with a sympstheti,
audience. The last lecture of the cours,
I viii be delivered next Tuesday.
British eolenists, favOring annexation
had a meeting last night, and decided
to communicate with the colonssts o
1 Chicago, Buffalo, st. Louis and New Or
leans, with reference to choosing infiu
entail men TO cooperate with the an
nexationists in Canada.
The friends of four missing men are
in communication with detectives, seek
ing their recovery. Nothing has beer
heard of the Louisville insurance agent
! George NJ. Pevy, and few think now
that he is alive. Diligent search goe.
On for him, however.
I Nearly three hundred Italians are now
at Castle Garden, defrauded of all theil
money by band of emigrant swindlers
1t appears they were induced to leave
home BY stories of the advantages
awaiting them in Buenos Ayres. They
were told in Marseilles that a vessel
would be at New York to take them to
Rio, and they arrived here Wednesday
to find how cruelty they were wronged
and robbed The authorities here have
informed the italian Ambassador at
! Washington.
The Tribune money article says that
very Unexpectedly the market opened
with a quick and eager demand for
money and gold, the one commanding
a full quarter per cent. bonus per diem,
while gold lent as high as II per cent.
! The two corners were doubtless the di-
rect emanatiOn of one head, though the
scarcity of gold was due to the oO-opera-
! -. - +I,
squeeze to-day is understood by know
| ing ones TO be the result of cogitatiOns
of the distinguished OPERATOR is heav-
lily short of Northwest Common, but il
] cOncocted for the purpose eofintimfdatine
the prime movers in Northwestern, it
sadly failed of success, for the stock
ruled practically quiet enough during
| the morning at 9Sa95c. The afternoon
| brought with it such a sudden Jump as
might well cause the most serious alarm
among the unfortunate shorts, and by
| this time the great Methodist refOrmeT
must "knOw how il is himself" The
price advanced by rapid strides several
stocks, exclusive Of preferred took, to
seventy-five million. That ia ,he issue
of said stock Gould takes prominent
and active part as officer and Director,
and that il was issued directly to aim as
President and Treasurer, or to said firm
of Smith, Gould, Martin, q Company,
as agents and brokers, to be converted
into cash for the benefit of the Erie
company; that the aforesaid stock sold
under Gould's direction produced after
deducting charges and commissions,
twelve million eight hundred and eight
thousand fifty-nine dollars and twenty
three cents, which sum was received by
said firm as appears from their books, |
and that while said firm has accounted
in cash for this amount to said Gould,
said Gould has fraudulentiy received a
large share Of the net proceeds of said
stock, to-wit, the sum of four million
four hundred and ninety-nine thousand
one hundred and thirty-two dollars and
twenty-three cents, a. "Dears by said
books, and has cOnVeTJeu AID applied |
the same to his own use; that by reason |
of the sales of stocks and other property |
of the Erie Company, Smith, Gould, |
Martin & Co., there appeared on their |
books, on the first of August, 1869, the /
further sum of three million sixty-one
thousand seven hundred dollars and fif- |
teen cents, justly due the Erie |
Company, without deduction of
points at a time, until at the close two |
hundred was bid, and parties who had /
been led to sell these shares ateighty, on |
Wednesday found themselves left out in /
the cold. So complete has been the cor
ner that nothing apparently remains un-
done to give it a greater success, and ii |
stands alone and unparalleled in the his |
tory of the street for the last few years, !
and vividly recalls the famous Harlem .
corner.
T 7 80, II -, ..ly |
down by the Boston fire, has settled all /
liabilities and been restored to member |
ship at the Stock Exchange.
Jay Gould presented himself at the |
Sheriff Office accompanied by Augustus |
Schell and Horace +. Clarke, who had |
consented to become sureties on his bail /
bond, bail being fixed at one million /
dollars. Each Of the bondsmen justified, |
whereupOn Gould was released by the |
Sheriff The counsel for the Erie rail- |
way, however, will object to the sureties |
on the ground that they should have |
justified in one million dollars each.
The affidavit of President Watson, Of |
the Erie railroad, AYERS that that COM |
pany has cause Of action against jay /
Gould for more than the sum of nine /
million seven hundred and twenty-six |
thousand five hundred and fortv-One 1
dollars and twenty-siX cents, to which |
interest is TO be added; that such cause
of action arises from the frauiu-
lent detention, embezzlement, or
of the moneys
and property Of said company;
that Gould, while acting as President
and Treasurer Of said corporation, has
been guilty Of fraud in incurring the OBJ
legations for which this action is
brought; that at the same time Gould
was copartner with Henry n. Smith,
Henry II. Martin and James B. Bach,
under the firm named Smith, Gould,
Martin 4 Co., bankers and brokers,
and the agents and brokers of the
Erie Railway Company, and that all
are offset; that on said day by the
express direction Of Jay Gould il was
transferred to his individual credit upon
The false and fraudulent pretense that
the Erie company was largely indebted
10 him, and that he would account to
them for said sum, when in point Of
fact Gould was then largely indebted to
said company; that this transfer was
made for the purpose of repaying
the moneys claimed as having been at
any time to the credit Of said Erie Com
pany OBJ the books Of said firm, were
received for said railway company
during the time Gould was is President
and Treasurer: and that at Gus times
from the third Of August, 1865, to the
ninth Of November, 1862 said Erie
Company created and issued four hun
fred and seven thousand three hundred
and seven shares Of the par value
)f forty million seven hundred and
thousand seven hundred
iollars, increasing its capital with said
irm, and the losses then recently made
ly said Gould ia a speculation in gold
sarried on by him and for his individual
recount, and as between himself and
aid firm, as appears by their regular
JOoss of accounts. The whole Of this
um thereupon became payable to Jay
could individually, and be thereby {
raudulenfly embezzied and nlisap-
,lied the moneys Of the said railroad
or which he was liable as a member Of
he firm and as President and TreasUger
Il the Erie Railway Company. Also
hat on or about the sixteenth Of No
Tember, 1865, Gould commenced specu-
ating on his individual account in
shares Of the said Erie railway, and pur-
;hased large number Of shares Of said
stock through said firm, upon which he
lad then very heavy loss, arising
rom depreciation Of the value of such
shares after purchase; that to relieve ]
himself from this loss, and fraudulently
10 throw upon the Erie Company the
5urthen Of his private speculations and
oss, In about tie month Of July, 1863,
.he said Gould, through his agents and
attorneys, collusively, and, as depo-
nent believes by fraud upon