The Portland daily press., 1872-11-25

NEW YORK.


stated in an interview last evening that the
stock jobbing operators had nothing whatever
to do with the arrest that his information con-
corning GOuld's alleged rascality was not com
pleted until Thursday evening; and he then
purpoSed to arrest him to compel restitution.
S. L. M. Barlow, one of the Erie directors, also
stated in an interview that valuable information
which they had just been able to obtain from
the books of Smith, Gould, Martin & Co., led
to the arrest at this time; that information
showed that Gould had personally robbed the
Erie road of ten millions of dollars. Barlow
added that Gould was concerned with Augustus
Schell, Horace f. Clark and others in gigan-
tic stock speculation in which one hundred mil
lions of dollars is staked Gould's interest being
fifteen millions of dollars.
Another Erie director said this was but the
first installment of revelations to be made.
Daniel Drew, on being interviewed, professed
ignorance of the whole matter. large, ex-
cited crowd continued at the Fifth AvenGe
Hotel until late hour. The general opinion
w&s that Gould's arrest had not oheckmated his
schemes.
The New York stock Gamblers.
The Times SAYS that VIM. r. 1ravers yester-
day settled his Northwest shorts at $3.50 with
loss of S250.OO0. Chas Lamont faced the mu-
amount. 1t is expected that the rest of the
snort interest will be settled tomorrow. The
highest estimate of the amount of stock that
Daniel Drew is short OF is $4,000 shares and
the lowest is lS,UUU SnaTeS. ouOuiu ne settle III
full upon the closing price of Northwestern he
will lose nearly $2,500,000 Common ruuor
said that Henry n. Smith was short 10000
shares, which will involve him to a greater ex-
tent than Drew. The opinion is freely express
ed on the street to-day that he will not pay his
losses in full but let his brokers stand the orunt
of the contracts. 1t was said that Drew was
caught in trap by a device of Gould's, which
was ingenious in its way. Gould went to Drew
few weeks ago, and suggested the possibility
eff singing the street on Erie, in which trans
action the latter was to appear as a bull.
secretly to bny up blocks of Erie locking them
up as fast as purchased. The stock in this
market was soon gobbled up and the price of
Erie began to advance. Gould also bought
Eric largely at low figures on the start but alb
stained from purchasing any when it began to
advance. The stock rose to Sc IL, and could
unloaded his entire interest upon Drew, netting
a considerable profit.
Drew ignorant of the bad faith of his ally
and wondering at the large quantities of Erie
stock, which continued to flow in, went it alone
and was making fair progress in bulling the
market on his own account when Gould turned
new card. He became acquainted with the
fact that Horace T. Clark, Schell and the Van
derbilt party generally were endeavoring to OBJ
tain control of the Chicago & Northwestern
stock in order to let the road into their own
hands and supply the missing link in the great
railroad chain to the West. He thereupon
formed a coalition with the Northwestern clique
aud going to Drew, who still supposed he was
helping him to bull Eric, sus gested that as a
blind to their real operations, it be a good plan
to go short on Northwestern and thereby throw
the street off the scent. Drew, relying on the
Judgment of his auaudum associate in Erie,
acquiesced in the arrangement His brokers
executed his orders and the design was accom-
plished. The attention Of Drew became alb
sorbed in the success of the Erie bull move
ment, and while he was watchdog the rise he
paid little attention to Northwestern. Drew
realizing the perfdty of Gould fully, yester-
day, sold out the Erie stock and it is supposed
will use the proceeds to settle up with the sue
cessful parties. He also unloaded large amounts
of Wabash and various other stocks. 1t is eX-
pected he will settle on Monday.
At the Fifth Avenue Hotel last night there
brol=ors nd fnercnahts, caused by the various
reports circulated rela tive to the second arrest
of Gould and its connection with the North
Western corner. The story, as it gained circu-
lation, was that the Erie Company had deter
mined to arrest Gould again, that he might be
held in greater bail than $1,000,000. This is
contradicted in several quarters, but there
seemed to be no adequate grounds for either
assertion or denial. Mr.. Watson, President of
Erie, stated that it was his intention to have
the bail made large enough to, in some way,
guard against Gould's running away bat that
was his only object and totally disconnected
with stock jobbing Watson thought 81 ,000,-
coo sufficient bail for the present, although, he
deprecated the custom of diminishing bail as
the proportion Of the defalcation increase.
Much interest is manifested concerning the
events of tomorrow in Wall street, and the
anxiety in regard to the course Of the market
is intense.
The World says: 1--WE are greatly mistaken
in the character of Watson, if having once
grappled with the crying curse of our country
in the person of one of its most notorious rep
resentatives, he does not keep his hold with
bull dog tenacity,. until he has brought his
quarry to the earth."
VIM. R. Travers denies that he has any pot
or pool with Drew, Smith and others in the
North Western, land says he has not stepped UP
to any captains office to settle.
The Constitufionaiity of tho Shipping Act.
NEW York Nov 26.-The constitutionality
of the U. S. Shipping Act was argued before
Judge Benedict yesterday in the case of two
clearinghouse runners, recently convicted of
boarding foreign vessels before they reached
their place of destination without the consent
of the masters. Their counsel contended that
Congress has no jurisdiction to make police
regulations for this port and in case of for
eign vessels there could be no jurisdiction be
fsre the arrival at the place of destination. The
decision was reserved.
Acciden. TO a Rockland Vessel.
Schooner Lillian NJ, Warren, from Rock
morning, and was got off leaking. Et
Et Cetera.
There are 10 tidings, of Robert Newton, an
express agent. He has been missing since
Wednesday, and was last eeen going to the
jersey City fire. He was twenty-six years of
age.
since the 18th, is said to have left the city in
with a woman not his wife.
The Vridenburg Mansion at Now Brighton,
Staten Island used as large boarding house
in summer, was burned last night; insured: sus-
picions of being set on fire.
The treasurer of the Atlantic & Great West
ern Railway, in making report concerning the
Sweetzer defalcation, says when the defalcatio1
was made known to General Mcclellan, pres-
dent of the company, he called meeting Of the
directors and Sweetzer and others were mmed-
lately suspended; subsequently a number of
new officers were appointed in the place of those
deposed
Quite sensation was caused in the comp
troler's Office yesterday, by the entrance of
William NJ. Tweed, who went there to examine
the vouchers submitted to the grand jury which
indictments against him.
The Italians, now at Castle Garden, being in
duced to come here by bogus colonization
company in Italy, have applied to the Italian
for assistance. He is of the
opinion, however that the case is one for the
of the commissioner of emigra-
lion.
Prominent members of the Apollo Hall De-
mocracy were in council last evening, aud scout
ed os absurd the idea of an alliance with Tam
many Hall. Tammany the night before said it
could not coalesce with Apollo.
During the trial of Emil Andre for the muir
der of his wife to day in the Court of General
Sessions, his counsel endeavored to prove his
insanity and did prove through witnesses that
bis wife was very faithless to him, openly car
rying on intrigues with other men.
Two Thousand dn1larS hava ham c,hsorhoJ
here and RENTED by cable for the sufferers by
The Danish inundation.
Forty-five thousand dollars so far has been
for the monument to Gen. Thomas.
Numerous destructive incendary fires on
Staten Island have taken place recently
The Investigation into the Missouri steamship
disaster is to be continued now that some more
IT the survivors are to arrive.
The Bank Statement
The bank statement shows decrease in loans
IF $46S7 G0 in specie 81, 4S9, 600, legal tenders
$500, 800, in deposits $i,S73,000, IN circulation
So, 800. This shows a loss in revenue of ST.
$4,000,
shoe Factory Burned.
UTICA, n. Y, Nov 23-Last evening the
shoe factory owned by Reynolds Bros was set
IN fire in the basement and nearly all destroyed
Loss probably between $4,000 and S150,000.
Insurance, $4,000.
Abolish Fellow ana his Fate.
MANCHESTER, Nov. 23.-Frank B. Kimball,
carpenter by trade, aged As, being a married
nan with family, committed suicide with
poison this morning, in the room of young
woman, the door of which he forced open, the
woman taking refuge in another room. He
eft n nota indicatinr disannniu1ed love as the