New-York tribune., 1872-03-13
TIE SURRENDER.

While Gen. Sickles was on his way to see
Mr. Gould for the last time, he remarked 20 Tribune
reporter, Jay Gould will surrender in ten Minutes
and puncual the minute the door OF the COunselors
room opened, and Gen. sickles appeared accompanied
by Jay Gould and T. @. shearman. In the lobby they
were joined by Director Henry Thompson. The
from TO another that Gould had resigned.
and was confirmed to those within the Vice Presdeurs
room by the announcement Of Mr.. Archer that Mr..
Gould had resolved to resIgn All eyes directed to
the small party, which proceeded quietly to the door
leading directly from the lobby to the Directors
This found to be locked and they were compelled
their steps and enter the room OF the
dent where large number OF persons had conSregated
buzz OF curiosity through tho room as Gould en-
tered, and every bent forward TO see him. He
glanced around hastily and then directed his Ia the
oOr from which he occasionally lifted 1t TO take hasty
survey of the His face indicated considerable
thought and trouble, and he seemed TO be slightly ner
yous, but otherwise he perfectly cool and collected
The folding doors having been thrown open the party
proceeded into the Secretary's rooms, and thence into
the Directors room. Here by arranGement, MI.
Gould, still assuming to be President Of the Company.
called order the old Board Of Directors and rendered
TO them his resignation President This at once
accepted and, to make doubly the action OF Mon
day Gen. Dix was reelected President, and the proceed
ings Of the previous meeting duplicated in the
resignation of Directors and the reelection Of their sub
stltutes. This doue partly concession 10 the
dignity OF the late President, and partly TO remove
doubt TO the legality OF the Board. Mr. Gould.
after resgning. escorted Gen. Dix TO the Charmans
seat in graceful and goodhumOred manner aud then
took his seat Director, which he still remains and
which position he cannot be removed while the
Classification act IL in force. Messrs. Eldridge. sheT
wood and Drakey also ttook their places at the
Board Directors, thus making full Board Of II Inem
bers.
The Gould faction consisting OF Could Edridge, sher
wood and Drake then gave their adhC sion 10 the
order OF things and in the elections for President and
Directors the voting was unanimous. The old or
ganzation dissolved by its consent and act.
After the business of recognizing was completed the
Board adjourned for half an hour.
The folding doors again thrown open and jay
Gould appeared accompanied by Gen. Dix. Both crossed
suites ofoces the crowd falling back TO give them
unobstruced passage and when the President and ex
President Erie reached the Office devoted to the former
the formally placed his into the sea and
at the desk occupied by the President. Gen. DIX
sat In the chair and rested his arms the
desk for second and the foraty Of taking possession
having been complied WITH the President and exfresi'
den. of Erie returned the Directors room, apparently
on the most cordial terms. After leaving Gen. Dix in
the Directors Gould returned To the crowded
apartments and sautcd right and left, shaking hands
with the leading employees and asking their feeling on
the changed state Of affairs Gould apparently was IN
better spirits than when he entered the room few
minutes previously, and had reconcied himself to tho
inevitable change. Speculation rife throughout the
rooms, TO the conditions upon which Gould lad
inquished the Presidency, and not few approached
him with the view Of asking for information the sub
ject
sHnARMAS INITIATES GOULD
Initiating the example OF Mr.. Gould, Thomas g. Shear
man, with sarcastca laugh, stepped up To MS sue
cessor, Mr. 6. L. NJ Barlow, who the previous day had
tred as counsel for the Company TO get possession OF
the room appropriated to the OF counsel ana said
"will you allow now, Mr. Barlow to put yon in pos
session of the Office out here" pOning with hs finger
in that drection). "No, Sir, thank yOu' replied hr.
Barlow, I'm see the office d-d first"