Worcester daily spy. [volume] (Worcester [Mass.]) 1850-1888, 1872-12-21


The mysteries Of Erie are past finding out
Onlv little while ago the men who now man.
age The road complacently received The conarat-
ulations and plaudits of the world for their bril-
liant success in turning out jay Gould from the
presidency. 1t was understood at that time on
the authority Of these directors and their allies,
that Mr.. Gould was a very bad character indeed.
The strongest epithets to be found in the latest
and best dictionaries were quite inadequate 10
express his yilany. He had plundeled the
stockholders and grown rich himself, while
bringing into contempt not ouly the name Of
the great corporations comparatively unimpor
tani matter, but also the commercial and financial
reputation Of his count"ymen Until a very
few DAYS ago nobody pretended to doubt that
he deserved the i'll name which chung to him.
The Ere directors declared that he had stolen
many millions from the compauy-lhat they
had evidence enough TO establish their claim for
nine millions or more, and they brought suit
against him for that amount There were
rumors of a compromise, but Mr.. Barlow,
speaking for the directors, gave assurance that
they would consent to nothing of the kind.
They had Gould in tight place, and were
determined 10 expose his iniquities.
This was pleasing news TO great many in
genuous and yirtuous people. Their satisfaction
is probably moderated however by the later in.
formation that there has been a compromise
Gould pays seven or eight millions and is not
exposed; but be has bought up two hundred
thousand shares Of the stock, has been "per
mitted" to do it, he says, and regards his con.
frlonhon 10 the funds Of the company as a Judi.
cious investment for the improvement of his
own properly, from which he will soon receive
ample returns. The directors estimate Of
Gould's character changed suddenly about this
time. From an INSCRIPTIONS swindler and land
pirate he became valuable ally and counselor
One Of the men who were most active in dis
placing him says that Mr.. Gould has been shock
ingly misrepreselted. The new officers did no
understand the manner Of keeping ac
counts practiced in Gould's time, anC
were thereby led into some serious mis-
takes TO bis prejudice, but that is all explained
now Gould is by far the abest railroad mana
ger in the country, and his advice and aid will
be Of lie greatest service to the directors. The
money which be has restored viii be used in
laying third rail, which win give unbroken
connection with western roads of the ordinary
gauge, aud be viii give his invaluable assistance
III organizing railroad combination which
vii, give Erie the control Of continuous line
to Tue f1e'he Mr.. Could, in short, appears as
an excellent aud Trustworthy person. n !.
hardly hii'ery to call him public beneractor
10 the mean 'ime, incrcdulous Wall street
shakes its head and seeks in vain from fine yeo'
cradle Mr.. Drew solution OF tho mystery
A constitutional objection to an incroos. =,
the presidents salary, TO take effect a, M y,
ginning Of or during Gen Granis second ,err
Of Office, is found 10 the following clause 81 Il,
constitution, article D. section /:
cine president shall, at stated times recei,
for his services compensation which M
neither he increased nor diminished dn,ino N
period iof WHICH be shall have beeu el,ctrd, an
be shall not receive, within that pefiod AN
Other emolnment from the United States, or an
Of them" " ."
II Mr. Banks bin should pass, Il would tal