New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1872-12-21

Wall-st.'s excitement over the Erie settle
ment was renewed, yesterday, with even greater In
tensty. Orders In Erie were enormous, aud brokers
found themselves, at times almost overwhelmed WIN
them. Orders to buy aud sell Erie came from all quar-
ters both home and abroad the English aud Germans
being very heavy dealers. At the opeping OF the Ex
change at 10 a. m, the attendance Of members, specu
laors and spectators was very large The first ransac
tons were very wild and at irregular prices the stock
selling simultaneously at 60 69i 69i and CO. The price
declined from these figures 10 $50. but almost imme-
dately reacted TO 6i aud again dropped about per
cent with subsequent ntfu rallies toward the close OF
business.
II the excitement great In this city 1t was much
greater the London Stock Exchange, whore the deal
ings were OF great magnitude and marked by rapid
fluctuations. The closing price on Thurday evening was
l33 Yesterday morning there sharp advance TO
5l appreciation OF nearly sper cent, followed by re-
action 49, recovery 10 5oi and late decline TO 49,.
This decline was attributed TO rumors OF break In the
settlement but this denied by the officials on this
side The cables were burdcned with kilograms to New
York bankers and stock brokers, giving instructions In
regard 10 tho market aud their accounts. t.a
TRANSFERRING BUsuEIs OF SECURITIES. ST
Jay Gould arrived at the office OF 9. l.. NJ Barlow,
counsel OF the Ere Railway IN wiamst, at about
1920 a. m yesterday and Immediately set to work on
number OF documents which he had brought with him.
Two men brought large box which contained many
OF the certificates and transfers representing assets to
value OF about sooo0O There were 90 or 70 secur
ties I'm all and papers examined filed about two
busel They consisted OF stocks bonds and deeds OF
real estate In Rhode Island, NewJersey Pennsylvania,
New-York, and elsewhere The Rhode Island property
given up by Gould supposed to be his villa on the
Point AZ Newport The New-Jersey title comprehends
his real estate interest the North River Shore ana the
Pennsylvania property is said 10 represent coal fields
The Grand Opera House is the property OF the Eric
Railway Company, the Fisk interest having been given
up by Mrs Fisk, with large Of money, said 10 he
100000 for the purpose OF freeing the Fisk estate from
the claims Of the Erie Railway Company.
During the counting Of the securities and the signing
OF the receipts there present part OF the time n
addition TO Mr. Watson who attended throughout, W.
Butler Duncan, Thomas c. Shearman and MIR. Travers.
After Mr. Gould's departure Mr. Barlow and Mr. Watson
were coseted In the inner office. Mr.. Barlow said that
the deeds for the real estate in this city, consisting OF
the Grand Opera House and lots In Tweny-third ana
Twentyourt-sts and on the North River, valued in all
t 81 100000 would be delivered at o'clock in the
inc al Mr. Gould house. He thought that Mr.. GOud
The actual legal transfer Of the estate embracing
tracts Of land in New-Jersey. Ohio, and pennsylvania,
TSe cerfs Of Messrs Field shearman counsel for
Mr. Gould engaged, yesterday. in drawing upthe
Company. These deeds were placed In the name OF
President Watson.
ONLY AN OFFICIAL TRANSFER.
Thomas G. shearman, counsel for Jay Gould 10 an in
the statements the newspapers to the eject that Mr.
Gould had made restitution" Such not the case.
When Mr. Gould LEFT the administration OF the Erie Rail-
way Company large amount OF property belonging TO
the Company stood In ms name. He had never claimed
this property. but had always expressed Willingness
restore it TO the Company provided the present adj
muistraton would give HIM receipt ana quit claim.
Ths was not done aud Mr.. Could consequently, wonld
not relnauish the property Lattery he had been in
VIII s,as Mr.
Il would have been much better II Mr. Gould aud Mr..
NIyota haya
Influences they had made the settlement which had been
SO satisfactory TO all concerned.
MI shearnan illustrated Mr. Gou,ds position regard
ing the property by saying that the real estate aud
had been 10 Mr.. Gould when he President. When
MIR Watson retired from the Presidency he would be
sHeeessor Mr. GOulds predecessors had retained the
property OF the Company In their names while they
were in office and had reinqlshed IL. like him. upon
receiving proper releases Mr.. shcarman said that the
rgures against Mr. Gould had been magnhed 20 twice
Smith, Gould, Martin & Co. Mr. Gould stood debtor to
the Erie Railway Company about $5OocoO, and on the
books OF the Eric Railway Company, which had been
Kept under very bad SYSTEM lie stood debtor for like
amount whereas the facts were that the sets OF books
represented the same TRANSACTIONS hut that when added
together they showed total deact of 100000, where
there was actually deficiency Of only s4,Soo,ooo.
TIE COMPROMISE NOT STOCK OPERATION.
e. L. NJ Barlow whom questioned in relation to aega-
tons that the Eric directors had Joined Gould for tho
purpose of making successful stock combnati0n stated
that the assertions entirely without foundation;
that the greater number Of the Erie directors knew
ing about the matter until they summoned the
special meeting on Thursday at the Grand Opera House
ard that The members OF the special cOpmittee did not
know OF the settlement until few minutes before the
In relation to the report that of the conditions
settlement between the Erie Railway Company and Mr..
Gould that the Latter should lave the first market
bid for 10000 shares OF the stock with the privilege of
buying them in Mr. Barlow said that no such arrange
ment to the best OF his knowledge, had been made
in the terms Of the settlement and IL formed part
Of the agreement He had not even heard unor to that
effect until the statement appeared IN the newspapers
Mr.. Barlow added that lie did not positively know
| Mr. had pfnTa
Erie stock, but said that the latter, who was such keen
operator. probably knew that the payment OF 100000
into the treasury OF the Company would immediately
enhance the value OF the stock and Therefore Doubt
looked out for his own interests. Mr. Barlow argued
that Gould interest not to let those with whom
he treating know OF has operations, for II ne did
there would be possibility OF oue's anticipating
him. SO that would the stock at figures
that would enable him 70 make profit. There
compact with Mr Gould regarding his OPINION mat
tiers connected with tho road, although Mr.. Gould
was Of brain, and had been President OF tue Coa
pany for three years, his views would be of value.
No compact had been made with Mr.. Gould regarding
connections with other roads from tho Atlantic TO
Pacific. The directors OF Erie had more gone INTRO
railroad combinations with him than they had gone
stock operations with him. Their object had been
money aud property OF the company. Mr.. Barlow had
not heard OF Mr. Gouds desire TO settle prior to the be-
dent II they had thought that there was sincere de-
sire the part OF Mr.. Gould to settle, they would not
have taken the trouble TO bring suits to compel him 10
compromise. Mr. Barlow did not know OF any arrange
whereby Gould was 10 be admitted TO tue directory,
but he had enough OF stock no power could prevent
him from taking sect as director:
Mr. Barlow, when asked q list or the securities Tor
publication replied that ne was unable To furnish II ut
the present time and could not tell when the iufora
ton would be given. He stated however, that the
quantity Of Northwestern stock with which Gould 10
said be loaded dues not or any part OF t. TIE real
estate consists OF 20 parcels situated In different States
and the transfer Will not be completed until after Christ
Mr.. Barlow read extract from letter TO a
respondent in England adveting TO the property rein
aushed and important coal fields which ginY
cost 81 OO would eventually be worth s2 JOOOOO
10 thu Company.
POSSIBLE RAILROAD COMBINATIONS.
tits stated that with n third rail the Erie Company