New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1873-09-30
ANOTHER ERIE VAR.
JAY GOULDs QUARREL WITH BIscHoFFsHEIM.
Stock iobbing and financial cIcles have been

Stock iobbing and financial cIces have been
interested by the announcement of approaching con
test growing ont Of the financial crisis, between the
rival chiefs OF Erie Jay Gould and Bischotfshem Some
time ago Jay Gould sold TO Bischofshem Eries LONDON
banker IS 600 OF Erie at G sellers option Of
~ months" Osborn d chaplin, GOuld's partners and
brokers' acted as his agents, and E. H.
BIedcrpop & Co. OF Wiiliam-st Bis
choffshcim's agents. After Bisehoffshem's litigation
with Brcderman the contract was transferred tn Bait
ger d Talks bankers, of No 81 Exchangeplace VINO be-
came the representatives of BischOfsheim In TINS city
short time ago Blschohsheim sent on an agent to
this country to investigate certain matters and
report by letter him in London. On Thursday tins
AGENT Mr. Cassel, in consultation with Baltzer 81
Taaks determined 10 call up deposit of ten per cent In
a Trust Company these contracts, the terms
of the contract providing for calls OF such
amount The call not responded to,
and Baltzer and Taaks informed Osborn and Chaplin
that the contract abrogated and that 1t was no
longer of eoct much depends the manner inwhich
a story has been told. TRIBUNE reporter sought both
PARTIES TO the contract for the purpose of ascertaning
the facts.
Mr.. Cassel. representing BischoGshem, found at
the Office OF Ballzer looks, No. 81 Exchange place
He said that some months ago Osborn Chaplin repae-
sentipg jay Gould. had sold to Balzer looks.
representing Bischosheim, 1000 shares OF Ere sellers
option of 70 months. BY the provisions of the con
tracts either party was entitled cali deposits Of
10 per cent On Thursday, Messrs. Batzer Taaks,
at his -, suggestion, had called up TINS ten
ner cent 10 be deposited in trust
company Osborn Chaplin had failed To
respond and they therefore given Friday and Sat
urday in which to put up the money They did not do
90 and after business hours Saturday, Baltzer &
Taaks Informed them that they would withdraw
from the contract. Mr.. Cassell further said
that Osborn Chaplin not having fulfilled the terms OF
the contract felt that his people had right to with
draw for if the stock market had gone In their iaVor O
horn & Cbapin would not have responded. To him the
case was very plain The contract could not be enforced
II did not come the rules of the Stock Exchange
"a tbev did not tolerate a contract of larger
term than co days OF few months at fufthest In
addition 10 that, Batter Taaks were not members OF
the Exchange Osborn Chaplin had sought 20 COM
promise at 80, but no compromise had Deeh en1cteu'
Mr. Batzer who present at the latter part OF The
interview concurred the statements he had heard
visit to Jay Gould elected another side OF tho trans
action. He was in company with MS partner
q l. Osborn, and jointly they made the follow
ING statements They had made a short"
sale 1900 shares OF Er fo Of sg.gr
nrsbcim The price had been "marked" down to meet
the market BY the payment Of CHEEKS TO HSoCFh oS
the market price was 4s ana there was Ieiehqe % P
cent or $4,000 in favor oil osborn psso oo to h
deposited iu tine Trust Company was ~
the midst Of h9 6u fa3 osborn Wy6 Chaplin informed them
Gat tbcy would make the deposit Monday yesterday
alter the call deposit, Baltzer Iaaks hau trled
Soiling TO do so, had sent notice an
rogating the contract. Yesterday OSBORN 3D., %
En.,'in rendered the actual STOCK Out
II was rejected by Baltzer Taaks Ihat II Was YIN
meal evasion the part of Batter was p1ipaDe, Ai.o
~ ei,n1n Of The contract and when the market had
ddnc,ined - Batter & Taaks bad sent a check Tor
s7sOO 10 Osborn Chaplin, pracilcaily aChnow st
80 an fbe strongest the Interpretation Wh'h
tbcv paced upon the contracts MI Gouia saIu Inis
was an attempt 10 take advahlase VI @ ap,eyynt ~
nj Mr. Osborn said IL was "a mean tilemPt 70
sneak out OF valid aud bona hde contract ana
deserved hearty contempt H.. a. o,,o,o ,ho,r obli
gallons they had assumed another CONTRACT Wie 'ey
,ev mad ever entered into. lie concluded Dy statuS
thai If Bscnosheim had the money, he tAif' noulOl
~ ppdersood that there are overtures making 10
settIe the matter II not settled. there Is every pros
pect of "A long contested litigation a.. ,,uu.o -,
Cshe einpaches yesterday reported inc failure OF
trrec london brokers who carrying large 4uAntl
te ~ Ere This was OF the depression III the