New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-11-27
AFrER THE RATTLE.

At about p. III. there were gathered IN the
rooms OF the Directors Of the Union Trust Company at
Broadway and Rcctor-st., the Hon. Augustus schell,
President OF the Trust Company, the Hon. Horace f.
Clark Jay Gould and others Of the victorious party
The meeting was private but 1t is understood that con
gauations exchanged the issue OF the longest
and best sustained OF the many "corners" which have
been undertaken IN Wast Of late years. The details
Of the closing OF the "coer" arranged before the
party separated. The capital used in maintaining tho
il is now understood has returned to its former
channels.
reporter OF TIE TRIBUNE called yesterday upon o.
" Joslyn at lis Office in Broadway, near Walst' ana
,as Informed that overures for a settlement had
rcodv been made to Mr. Smith by Jay Gould, and that
II vas more than probable that the matter would be
closed M during the day. Mr. Smith was then ahsens
comforting with Mr.. Gould and others lie added that
tbe ultmatum Of Mr.. Smith OF making settle
ment only on the basis OF the preferred STOCK had
fallen like bombshell into the camp u te
acou-pirators" and they seemed anxious to procure
q setcment on the most favorable terms possible He
stated that # the reporter would call AT r. III he would
nrobaby be able TO give the details OF the settlement
one were made.
At the hour named the reporter again called ara
fonnd Mr. Joslyn in close conversation win eXJudge
John X Porter and A. j. Yanderpoel Of the law
firm Of Brown, Hall & vandepoel These gen
tle,nen have acted as counsel for Mr. Smith
IN all the closing negotiations Of this great
moneyed contest. Mr. Josyn stated that they were
ovnoctine Mr. Smith momentariy, and IN a short time
nor Gentleman came in lie held short consultation
with his counsel and then recognizing the reporter an
noupced that he had agreed with Could and others upon
basis OF settlement 1t that OF the preerealized
for preferred stock Monday in other words about
ar The number OF shares thus settled for he did not
usb 10 state His brokers would not lose anything he
said He recognized his obligations, and woud relm
burse his brokers for all the stock bought IN under the
rple for orders to his account The exact figures at
which the settlement was made he declined 10 give, but
added that IL was about par.
He was asked II any new movements had been deyel-
oped In the Erie Railway matter and replied In the neg
tiye On far as he was concerned The counsel added
that no new developments had been made thus far The
Marty then separated The extent OF Mr. Smiths losses
"a question that probably only he and his Intimate
friend and PARTNER mr. Josyn, There were
seyeral brokers' firms employed by Mr. Smith, and the
aggregate OF the shares sold for his account cannot
therefore be ascertanei. There those who think
mat his losses will double thai OF Mr. Drew, wne
an equal number believe that by OF his more av-
orabe settlement at lower figure ms loss will not be so
great. - ,
Having mot with considerable difficulty IN gaining
access 10 Daniel Drew at his place Of in Wall and
Broad-sl TRIBUNE reporter called at his residence AZ
Union-square and seveneenh-st, IN the evening, ana
WAS accorded a very brief interview.
Mr.. Drew replied that he had heard that there was
corner In Northwestern but he knew nothing ABOUT
| IT, Upon being asked who the promoters Of the
corner no stated that jay Gould, associated Win
"cornerp MI Drew PR blessed hs inability 10 state the
IL n.cs OF persons who short" bat supposed thht
/ there were 30 or %.
! Tp9n the reporters lntimaton that Mr.. Drew was
one of the unfortunate bears, he replied: YES they
connect my name with many things" Upon being A7Aeu