New-York tribune., 1872-03-13
JAY GOULD SURRENDERS.
THE NEW DIRECTORY IN FULL POSSESSION
OF ERIE.

or
COMPLETE TRIUMPH FOR THE STOCKHOLDERS
JAY GOULD FORCED TO RESIGN THE PRES
IDENCY-A NIGHT OF NEGOTIATIONS WITH
OUT IssUE-GOULD's ROUGHs ATTACK AND
REGAIN THE PRESIDENTS ROOM-NBG0TA-
TIONs AGAIN OPENED WITH BETTER SUCCESS
SECRET MEETING OF THE NEW DIRECTORY
IMPORTANT CONFERENCE BETWEEN JAY
GOULD AND GEN. sICKLES-GOULDS UNCON-
DITIONAL SURRENDER DEMANDED-FEAR OF
CRIMINAL CHARGES COMPELs HIM TO sue
CUMB-THE sElGE OF THE OPERA HOUSE
ENDED.
The success Of the daring scheme Of Gen. Sickles
to rescue Erie from the rmnous rule of Jay Gould
was accomplished, yesterday, before the people had
clearly comprebended the nature Of the movement.
Jay Gould began the day with dscordant notes Of
fierce defiance, and at it's close piped meek and
timid cry Of unconditional surrender. He leaves
the Presidency knowing that he will at once be ex
PEELED the Directory, and without any assurance
whatever that he will not be prosecuted, on civil
suits and criminal charges for offenses committed
while in the management Of the road. All the former
directors remain for the present only, without
single promise intmation that they will be re-
tained fortnight longer, and hardly one Of them
expects reelection. Gems. Dix and Mcclellan, as
well as others newly elected declare they are in the
Directory temporarily only for the general good
and will retire by agreement within few
days. An immediate election by the stockholders is
assured if the Legislature will take the proper action
asked for by tho new Board in the repeal of the
Classification act and the passage of the bill pro-
viding for fair election Gen. Sickes has instructed
his agents at Albany to urge this necessary legsla
ton the new Directory has memoriazed the Legis-
lature on the same subject; and Gould and Eldrdgo
last night argued to do the same. Without oppo-
sition the two bills 0an hardly fail to pass, and the
election, under the supervision of the Attorney
General will follow in few days Inquiries into
the affairs of the Company have already been begun,
and satisfactory financial report may be expected
in few DAYS. Investigations have also been re-
solved upon as to the contracts and operations OF the
directors and the legal transactions of the former
Erie counsel; and from these many revelations OF
corruption and fraud are anticipated Meantime
Gen. Sckles emphatically denies the current rumors
that the movement has been controlled, made in
the interest of the Atlantic and Great Western. ~
This is the exact situation Of affairs at this time.
The result has been attained by the same strategy
which gave Gen. Sickles influence over the Di-
rectors who called the meeting of Monday and vot-
ed Gould out. Conferences between Gould and his
friends at the Opera House, and with the new direc-
tor, and Gen. Sckles, at the Hoffman House. last
ed the whole night, but resulted in nothing except
perhaps paving the way to meeting next morning
OF the cOntenulnB IactloHs' lue Hc" bo'u" he4" :"
secret session in which the propositions made
by the Gould faction during the night, were
discussed and Gen. Sickes was authorized TO
confer with Mr.. Gould, but instructed to de-
mand the unconditional surrender which the
General felt competent to force from Gould. The
conferences which followed lasted nearly two hours
Gen. Sickles laid before Gould, Eldridge, and the
lawyers of the Ring the claims which he had against
Erie, and submitted such overwhelming proofs of his
power to them against the personal estates OF
the directors that they succumbed and Gould agreed
toresgn the Presidency Of the road Gen Sckles then
led his captves from the Presidents to the directors
room, and the formal resignation was rendered and
accepted and the new Board reorganzed the action
of Monday being in every way confirmed. The de-
tails of these interesting events of yesterday are
given below in a connected narrative. 10 which tho
reader more curious of incidents than results is re-
ferred.