The New York herald., 1872-09-15
ANOTHER CHAPTER or ERIE.
One Of the Ways Whereby Fisk, Gould
& Co. Became Wealthy.
4 sait Commenced Involving Million Dollars
How the wsehawken Abattoir Came
Into Existsncs-Rich Develop
msnts In Prospective

Thousands OF people are still possessed with won-
dermcnt. how the Erie Rings of the Gould Fiskian
period wsxed wealthy. Despite all the exposes
which have been made public through the HERALD
rom time TO time. IL Is still q subject OF surprise
TO many how Jay Gould. the late James
Fisk. Jr.. and many others OF the old
Erie Regime could have become possessed OF their
enormous wealth and still leave behind them so
splendid property a. the railway was when the
present management took hold. There are
many ways OF killing q cat besides chok-
ing It to death, says the well-worn pro-
verb. and the proverb. as applied to the
OF the deceased and the decapitated Chiefs Ia
eminently appropriate. as the sequel Will show.
on Thursday last, In his Chambers at Newark, az
the instance OF Messrs McCarter and Keen, conn-
sci for the Erie Railway Company, Vice Chancellor
oil New Jersey, AMI Dodd.
GRANTED AN INJUNCTION
against the National StOckyard Company Of Vice.
hawken, In Hudson county restraining them from
disposing OF or parting with s234 900 worth OF un-
issued bonds OF the stock OF said company and from
selling or otherwise dsposing OF the premises, TO-
gether with improvements or other personal prop
erty claimed by the company, for reasons which
VIII VIII presently appear: ON the 10th Of March,
late James Fisk. Jr., and Horatio N. Otis, then ON
GERS OF the Erie Railway Company, act passed
by the New Jersey Legislature Incorporating the
stock YARD Company above mentioned, the busi-
ness or which was to be the same as other aDat-
toirs-the purchasing. slaughtering and selling Of
Jay Gould bought az is alleged. with money be-
longing to the Erie Railway Company, the land now
occupied and used by the Stock Yard Company
paying therefor the sum OF $25O,oO0. The compa ny
then organized, and the title TO the land was made
out In the name OF the Stock Yard Company. A
mortgage was given by them to Mr.. Otis as trustee
for $l,OO0,OO0. and stock was issued for a
million more. Bonds were also issued for another
million; but although, as IL alleged all the cash
required for carrying on the business OF the yard
was supplied from the Erie treasury Erie received
but ten shares OF stock the par value OF each OF
wna tbua ahah lv
treated, Erie's then ruling spirit, Jim Fisk was
presented with 5000 shares, representing
$6OO,O0O The rest OF the stock was divided among
Jim's cOntferes These are the alleged facts set
forth In the proceedings before Vice Chancellor
Dodd and on this showing the Injunction above re-
ferred to was granted. In
THE TRUE INTERESTS OF ERIE
the new regime Of that company are max
ing endeavOrs to ferret out the real
facts In this extraordinary transaction. The
object OF the suit or bill In chancery
ts to set aside that conveyance from Jay Gould to
the Stock Yard Company OF the property, and have
them declared to hold in trust for the Erie Com
pany, with whose funds IL was bought, and also to
make Gould, Fisk, +. A. Lane and their
associates accountable to the company
for the profits received under their
management or the Stock Yard Company. The writ
OF Injunction was placed In the hands of the Sheriff
OF Hudson, and by that Officer duly served The
actual amount involved In this suit is estimated to
be fully million OF dollars. The progress Of the
suit promises some rich developments.