The New York herald., 1872-12-21
THE GREAT SURRENDER.
Close OF the gould-Erie Compromise-The Trans
fer Of P.operty-Six Millions on Coupe
st,at-How the Titles are Taken.

Tns closing act so far as public interest is con-
eerhed, In the Gould-Erie compromise ana sette-
nent was reached yesterday and last evening, Dy
che formal and actual delivery by Jay Gould 70 the
Erie Railway Company OF between nve ana SIX
aieOns OF dollars worth OF bonds, STOCKS ana Sc
curities and the transfer OF the titles 10 certain
real.estatoin this city, including the Grand Opera
House and certain contiguous properly, consisting
Ofdwelhgs and lots.
The bsSur liked upon for the transfer OF the bonds
and stocks was eleven O'Clock, and the place the
sfpce bf Samuel l.. M. Barlow. Mr.. Gould was
PROMPT TO TIME;
fadaed he was the 1rst OF the parties 10 the COM
promise to present himself simultaneously with
his,arrival was brought large metal safe-box, al
most as large as ordinary valise. This con-
tained the securities OF various Kinds which he
was about to surrender. President watson, OF the
Erie Railway arrived shortly afterwards, as did
also Mr. Barlow and Mr. Taylor, OF the firm of Os-
borne h Chaplin, OF Broad street.
The business OF
EXAMINING AND COUNTING
the securities bonds, &C., was at once commenced
by Mr.. Watson, and was quite tedious process.
At about nalf-past eleven O'Clock Mr. Shearman, OF
the drm OF Field & Shearman, Mr.. Gould's counsel,
arrived and about twelve O'Clock Mr.. Clark, coun-
eel for Mrs. James Fisk Jr., reached the scene OF
the great negotiation. The business OF this last
named gentleman was to arrange on behalf of Mrs.
Fisk the transfer on her part OF the interest which
she, az the eXecutfix OF the will OF her deceased
husband, held in the Grand Opera House. or course
Q satisfactory arrangement had been previously
made on the subject between herselI ana MI.
Gould to enable the
COMPLETE AND ABSOLUTE TRANSFER
Of the property to be made stipulated Am n Gonld's
therefore, that there was perfect harmony OF action
1t was about three O'Clock when the counting Of
his counsel shortly afterward lett the ONCE. About
half an hour afterward President Watson took his
departure also in a coupe, and beside him on the
cushioned seat was the tin box containing the five
or SIX millions OF dollars In stocks and bonds. 1t
is, beyond question, rare thing to find similar
GIGANTIC VALUE CARRIED AWAY
AT one time on any vehicle through the streets OF
New YORK; but these were ratified of safely, and
within three-quartcrs OF an hour afterwards were
locked up securely in the great vaults ut he Grand
Opera House.
inasmuch as considerable stress has been laid on
the fact many times that Mr.. Gould, while Presi.
dent OF the Erie hallway Company took title to
various properties actually acquired on account o.
the company In his own name, IT may be interest
ing to the public TO know that the transfers made
yesterday by Mr.. Gould were taken In the name o
by Gould was acquired by "Jay Gould, US trustee !
but the titles yesterday were taken simply b,
"Peter II. Watson" and no trusteeship was signi
ned or expressed in any manner though, beyont
doubt understood.
Last night the transfer OF the titles to the Crane
Opera House property were prepared at Mr.
Gouds residence and subsequently taken to the
residence OF Mr.. Barlow.
MR. GOULD LEFT WALL STREET
about three O'Clock yesterday afternoon, in com
pany with Mr.. Frank Work, both being buttonet
up in coupe and enjoying every opportunity t.
discuss the situation fully
Mr. Barlow stated yesterday afternoon to TIT
HERALD reporter that there are some sixty o
seventy parcels Of real estate located in New York
New Jersey, Pennsylvania and Ohio embraced II
the transfer by Mr.. Gould, and that 1t will in al
probability be a week before these titles can b
.fuIly made out and passed to the company.
AS THE NATTER STANDS
NJ present the great transaction is to all practice
intents and purposes completed, though interest
ing developments AZ to motives and results may b
expected to crop up at almost any time for tn
next couple OF weeks.
The belief gains ground hourly that Mr.. GOul
has netted large profits by his transactions OF tn
past two days In Erie based upon his knowledge
the coming but now mast event.