The New York herald., 1872-10-19
OCToBER 10, 1872 TRIPLE SHEET.
THE RRE-pUlLMAI CONTROVERSY.
Mr. harlow Rises In Explsin-Ho
Realised Large Pront, Not from
the Erie Railway Company, but
from Jay Could. 81. -

Re
Realised . Large PROFIT, Not from
the Erie Railway Company, but
from Jay Gould. : -.
To THE EprroR THE TIxrs:-
SIRThc late managers Of the Erie Railway, i'll at ease
since expulsion have inspired the rsss question
the honesty and capacity Of their The Ts
ofhe 7h contains article with the promise Of more
needing correction. M
Erhe recent statement OF Mr.. Watson that the Erie
Company had paid to me and to my hrm to this time the
sum of $4,000 only, incomprehensibe as It seems to Jay
Gould and his associates was OF course, correct
Seeond-The original contract between the Sleeping
coach Company and the Erie Company, In existence in
* snH :es
q any Snvsniiss ' P%%s$ merely
part Of own to the Erie COMPANY both al the option
o % tas ses s within two years Beyond this
to ny s oh s Se % shsEss ss S Of
what the Times with conspicuous inaccuracy says did
S%sS @ the
n as mSS1 0 ss one S as s Gus
e ss cs % that Ss naS this
lid Ri .Ss
snd s SS % Soa os SR
orbids railroad companies to the sleeping coaches
solicited these coseSss But am @ nc. inclined %
Ing the rights Of stocfhoders in railway eorporatons
nor was that the reason why the Erie Company declined
Tos,h-When this transaction closed BY the ppr.
NJ Gould and his associates the slsspns COACH Goa
esn n this lnS
Its officers only remained as director, and az Mr. Pull
s s
ns vs s S ne sy a yas &
which ncW S hold and haS no other M interest in the
% na%SeT Of sharss rs.srred 1a IN e the %ss.
Ssf ss one OF Or the the he MSsn s
~
% ssns,
s 81 ne the fs SlS & June & ss D1 ana as a%
yours respectfully, SAMUEL L. NJ. BARLOW.
w,11sn sanaow sssxsr Nss Yoas June H
.sSS, .s
s1qs @ Ing
in opposo%n 10 me contract as Originally
Ssu ne ss
ss
n Hrs sns
the only change winch SOUGHT, agreed with
satisfactorily ended and that Company would
consummate the arrangement previously assened to by
the Committee, viz: Messrs Homan, Diven, RamsdeI,
TO Mr. Gould, and after all questions in which had
discretion counsel Director had been closed MI.
Gould offered to sell to me $5oOo Of his own stock,
per cent on Its par value closed this purchase at once
and before action by the Erie Board reported the fact to
you the meeting Of the Board offered this stock
Goulds object in selling the stock to at much less
than he could have sold for to Mr. Pullman always
apparent He dsrusttd my action. and feared that hav
nus might again interposc obstacle to his sale
to Mr.. Pullman. Tnesc fears were groundess,
the contract with Mr.. Pullman was then com
profit, not from the Erie Company, but from Mr..
Could II had not purchased the stock the whole profit
would now be in his pocket But as this profit was made
because Of my connection with the Erie COMPANY pre-
fer again to all the facts to the Board In order that
may have their express sanction, and hand you
Mr. Pumans check for $35 00 received by yesterday
II this shall be just treat 1t the property Of the Erie
Company request It's retnrn to Mr.. Pullman or its pay
mcnt me, assuring you and them that whatever
is adopted will be entirely satisac tory to me- am, sir
yours truly, SAMUEL l. M BARLOW,
Counsellor Erie Railway.
SEcRErARY's OFFICE ERIE RAILWAY COMPANY
EIGHTH AVENUE TwEHTy-rHRD STREET, :
meeting of the Directors OF the Erie Railway Com
pany held une 49, 1872, at which meeting present
General John A. Dix, President; General A s. Diven
L. Lansing, George n. Mcclellan, Homer Ramsdell,
Henry Sherwood and william Il. Travers the following
action was taken:-
Whereas Mr. Barlow on the sOth of May last offered to
the Board 10 shares of the Erie and Atlantic Sleeping
Coach Company's stock a so per centhe price which
he paid for tand the offer was declined; therefore
Barlow Tor said stock or the proceeds of the same'
Attest H. N. OTIS, Secretary.