New-York tribune., 1874-04-11


RUMoRs FROM GERMANY-REPoRrED SUIT FOR
MILLION AND HALF LIARS AGAINST CoMmo-
DoRE VANDERBILT.
Weakness was the principal feature OF the
stock market yesterday. there being slight decline
along the general list Various theories were advanced
as To the causes OF the depression, but none OF spccs
importance we're advanced. There were runors on mo
TO the effect that teegaphc advces had been re-
ceved from Germany, stating that Prince Bismarck had
ordered the sale OF the United States bonds bought for
investment by the German Government some months
ago.
The principal story Of the day however. 10 tho
effect that James II. Banker had begun suit against
Commodore Vanderbilt for involving o.. COO.
IL will be remembered that during the earlier days OF
the panic much tronDle and excitement wero
created by the failure OF George Bird Grinnell
& Co., the brokers for Banker, Schel, aud
tho late Horace F. Clark The firm were carrying q
large amount OF Lake Shore Railroad stock and despite
all the efforts of the the load overpowerod
them and their brokers we're compelled to fail Many
stories Of fraud aud mismaaagement IN the
affairs OF the railroad we're circulated AZ
the time. but hnsily Commodore Vanderbilt
intervened and his name and prestige sue
ceeded In directing popular attention from the darker
stories in circulation II generally understood that
Commodore Vanderbilt had aso nterfered for the pur
pose saving Banker from ruin and when the follow
ing documents understood to have been registered
there was comparatively little surprise among those
who professed Know the true history OF the Lake
Shore troubles during the panic:
For and In consideration OF s70O00o in hand paid we
James HiBanker and Ellen Josephine, his Wlie-h"Vo
granted bargained ana sold ana hereDy grant nsrEaln
SELL and convey Cornelius Vanderbilt. hs heirs and
assigns forever the following pieces OF property rlfs
the premises occupied by said Banker on the corner or
Fifteenthst. and Filth-ave in the city OF NeW-fors
second the premises known as NO IS ff'hsye on me
premises on the northwest OF Eighteenthst.
and Fourthaye, known as Nos 6j ana % uuonphr.ih ih
said city fourth the premises known Nos ~ ana 72s
Irving place, IN said city, hhh' the premises Known AS
Nos. l53 and l5 SOuthst, IN said clty; SIXTH the
premises Nos 2i5 and 24 Frontst 10 said city seventh
the premises at lryington or Iarrytown IN Mesohes
County, occupied by the SAID Banker ana purchaseu
pnrtenanccs to each OF SAID parcels belong.
Ing the intent being 10 convey the sald
appertanng thereto. And the sad James III Banker and
wife to make aud execute such furher deeds
the said premises IN the said Cornelius Vanderbilt hn
| heirs ana assigns
Appended to this was the follow ng document sisned
| by Commodore Vanderbilt:
| Whereas, I have this day received from James II.
Banker deed OF CONVEYANCE Of the premises on the
Of Fifth-aye and Efteenthst kne~h
63 and 65 Unlonpace, and OF Nos u and 7ls iFVhs-
place. aud OF Nos l53 l5i and 55 southst, aud Of Mo-
2iJ aud Front-st. all In the City OF New York ana
| OF certain premises Tarrytown westchester
County, occupied by sad Banker, aud purchased
is absolute and fun This cerfss that the said convey
received and delivered AZ mortgage to secure 70
Cornelius Vanderbilt the grantee ~ sad deed, the pay
OF all due aud owing or to become due ana
owing TO- which the -aid Cornelius Vandrro NAV Oe
entitled to recover against said Banker for or
By reason oi any matter, contrast or 'eIeeih'nt
tofore made with hlm, and the payment thereof the
saId Cornelius Vanderbilt agrees to convey the sad
premises said lnes III Banker. or his ASSIGNS az
the request and demand VI the sad James III. BanAor
No positive information could be obtained on the street
with regard the suit but the theory that Banker
was not satisfied with the results Of the assignment and
that he had brought the suit with the view recover
| ing the property conveyed away during the PANE
Amongt the people who acquainted with the
! incidents OF the Lake Shore trouble during the
panic report Of the prospective suit was readily be-
lieyed. One gentleman said that as Mr. Banker had
forced make the assignment by pressure OF err
cumstances be had regretted the circumstance ever
since. With view 90 obtaining official Information IN
the matter application was made 10 the attorneys
OF the several parties fOr the faets'
Ex-Judge Hilton, who Is Mr.. Bankers
brother n-law and attorney absent, but his son
was very much surprised, ana wished to know how the
rumor got out lie stated that yet no proceedings
had been begun that, when the matter should tahe
shape the newspapers would be duly informed, as 1t
was matter OF some interest and importance, and tho
effect OF which would be felt The matter had not taken
form as yet and it was possible that 1t might DO al
ranged without litigation
Mr.. Burrin OF Burrin. Dawson Burrl. who viii
probably represent the defendant in the event OF sut
said that there might b. IN prospective tIero
had been no papers served as yet.
No conclusion been arrived at in the matter OF
the Union Pacific. Pacific Mail and Panama comoina-
ton the aforementioned corporation desiring the rates
OF freight fxed at fve cents pouad whIe the Two
latter desire TO maintain It at four cents.
The stock Exchange has placed the first mortgage
sinking fund gold bonds aud the stock oi tine Mobile
and Ohio Railroad and the Union Pacific sinking
fund bonds UPON the free lists
A meeting OF the New-Jersey stockholders OF tho
pate,son and Newark Railroad was held in PatersoL.
N j. yesterday John F. Post in the Char, and X :.
Gould Secretary. Enos Cole presented his resignation
as member Of the Commtte OF five TO prosecute tho
claims OF the stockholders against the Erie Railroad
| Company and John Eastwood esq OF Beleville wss
appointed IN his place The Committee reported that
they had waited npon the Eric Company, but the Com
pany were prepared yet 90 state what they would
offer az a compromise. The meeting then adjourned to
eetn Newark upon the call OF the Secretary and the
COMPROMISE offered by the Erie Company IL not salts
factory all tue claimants will unite ~ suit against Ito
Erie Railroad.