The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1872-12-21

ERIE.
The Enforced Restitution by Jay
r GouId-.A Grand Triumph for the
Honest Stockholders.

The Enforced Restitution by Jay
Gould..A Grand Triumph for thI
Honest Stockholders.
NEW YoRK, December 2O.-The Eril
Company was the main topic OF converse
ton throughout the city last night. It Il
everywhere regarded as q grand triumph
for Eric. The proposal for q settlemen
was communicated 10 a letter by Jay
Gould, addressed TO President Watson, O.
the Erie Railway, on December 18th. He
stated that since his resignation of tht
Presidency, he had been prepared tc
make conveyance to the company O
the property belonging TO it, which hG
held in his name, but TO which he says hC
never made any claim. During his ad-
ministratiOn he made various purchases
Of property for the company with money
Of his own, the benefit Of which accrued tC
thoroad. Upon the construction placed by
Mr.. Watson on his accounts, he was charg
cd with oil these monies, Nnd hence he
believed the properties in question be-
loDgcd TO him, and if they were now
transferred he should be credited with
their value. Owing 10 the state in which
he was compelled to leave his accounts
on bis withdrawal from the company, and
the loss OF an account book, some things
remained unexplained. The various pie.
cts Of real estate in dispute, therefore, he
proposed L. convey to the company, and
10 addition the Grand Opera House and
the adjacent properties owned by himself
and Fisk. do this, he says, fol the sake
OF peace. Mr. Watson, therefore, replied
that he considered this fair, and would at
once lay the subject before the Special
Committee. ~
Gould yesterday made the following
statement TO arepOrter: Since the Erie was
inaugurated my object has been to
obtain series Of roads under pracllc.
ally one management, from New York to
San Francisco, and in this way obtain a
fair share 0I the traffic on the intervening
routes, and that which accrues ut either
terminus How well l have succeeded,
will he seen from the fact that Lake
Shore, Michigan Southern, Chicago &
Northwestern, Union Pacific, Hannibal
SSt. Joseph, Chicago s. Rock Island, aud
Erie are now controlled by men who have
common interest. The Canada, Southern
" Wabash are also partly 10 our hands;
even the Pacific Mail steamship stock is
under our control. Gould's object seems
now to have been to enhance the price OF
Erie to the end that he may be measure
bly, reimbursed. .i-- -,-I
Jay Gould went. this morning, 10 the
Office of S. L. Al. Barlow, counsel for the
Erie railroad, and took with him the doc
uments necessary Tor the settlement Of
the accounts oi the company against him.
The meeting between the two gentlemen
was cordial. The transfer has CUmmenc.
ed and will probably occupy the day.
The success OF the entire proceeding is
said 10 be due TO Atr. Barlow, who has
had the negotiations in charge from the
first Tho transactions in Erie in Wall
street were considerable. Stock opened at
50 and soon advanced TO go.
At BarlOw's Office to-day Jay Gould
delivered all the stocks and bonds which
were claimed from him by the Erie Rail.
road Company amounting to between
five and six million dollars. These were
brought 10 the ofIlce this morning in q
large tin box, and have. been transferred
to similar box; in which they will be
taken to the offices of the Company.
During the counting Of the securities and
the signing OF the receipts, there were
present q part Of the time, in addition to
Watson, who attended throughout,
Mcssrs. Duncan, Sherman and Travers
Gould. remained in Barlow's office and
assisted in the work. He, it is reported,
surrendered Internationally all his real
estate in New jersey, Pennsylvania and
Rhode Island, the Grand Opera House
with ten or twelve adjoining buildings
on Twenty.third and Sixty-fourlh streets,
together with valuable plot Of ground at
the loot OF ESD street, North river. He also
promised to Cccure Mrs. Lucy Fisk's in.
teresls In the Grand Opera House. The
Rhode Island property givenup by Gould,
Is ssupposed 10 be his magnificent marine
villa, on the point al Newport. The New
Jersey title comprises his real estate in-
terest on the North river shore, and the
Pennsylvania property is said to repre-
sent coal fields Ills absolute surrender
OF tho Grand Opera House property,
would seem TO indicate that Mrs. Fisk has
been convinced of her inability TO retain
her ownership had the suits been pressed
10 trial. What arrangement has been
made between the Gould and Fisk estate,
by which this has been brought about, is
unknown. The Company have agreed to
Settle with the estate Of Col Fisk, at hall
the Opera House, and 100000 in cash.
This will leave Fisk's widow with less
than 81 100000. The actual legal trans.
fer Of estate, embracing land in New Jcr.
sey, Ohio and Pennsylvania, may require
several weeks.