Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1875-08-01
Commodore Vanderbilt and ,Jay
Gould.
Probable Sale of the Northern
Pacific.
Departure of the PapaI AbIegate
Beeeher's SaIRrT-TrOubIe in the
Plymouth WfxHana.

EAymOuNn WIZ
NEW YORK, July 3O.-The San says
Augustus StOrrs, Treasurer Of Plymouth
church, has paid to Henry Ward Beecher
$4,000 as the first installment Of the $780,
600 salary. Two secret meetings Of the
board Of trustees have been held within
the past three weeks, and there has been
very much difference Of opinion, bordering
almost on dissention, as to how the remain
ing $4,000 shall be raised. The amount
paid 10 Beecher was the surplus that pew
rents netted at the sale in January and
covers his regular $4,000 salary.
The Times says it is somewhat author
atatively stated that officials Of the church
intend to raise the $4,000 additional salary
voted to Mr.. Beeeher by a mortgage on the
Bethel fund. A fund is now being raised
by members Of the plymouth church for the
benefit Of Miss Bessie Turner.
The Edna Dean Proctor Libel suit.
The time for defendants TO answer in the
Proctor against the Nelg York Graphic, ex-
pires to-day. In all likelihood in will be
compromised.
Vanderbilt and Western Union.
The Tribune says a member Of the Ex-
ecutiVe Committee Of the Western Union
Company, well acquainted with COmmO-
dOre Vanderbilt, was questioned as to the
truth Of the report that Vanderbilt was
ready to sell out his stock. He said Mr..
Vanderbilt is perfectly willing 70 part with
any speculative stock, and such is Western
Union; but he is intensely stubborn. The
stock he holds cost him SO, and he never
will sell at loss; if it can be got up to the
nineties the Commodore will sell out 10
Jay Gould or any one who will
give him bis price, but the re-
tirement Of Vanderbilt from the
board would not necessarily involve the
retirement Of bis friends. Vanderbilt has
a large number of followers in al enter
prises which he enters into, and in our
board Messrs. Schell, Work, Parker, Dur
kee and ThOrne are al looked upon as his
friends. All have been identified with the
management Of the company. l do not
believe they would sell out theirs stock even
if Vanderbilt should. There are S35,OOO,-
600 Of Western Union stock in all. The
Commodore has Sj.0O0,000 and his friends
S11, 100000 more, making S16,OOO,OO0 in
all, enough to control the board at all cleo
tiOns. If Gould desires to control this
board he will have to buy out the
Vanderbilt clique, as well as the COmmO-
dOre. He to-day owns more Of the Western
Union stock than does Vanderbilt. It is
well known in our Board that Jay Gould
owns S7,5O0,0O0 Of Western Union stock,
against Sj,O00,0OO held by Vanderbilt.
Should be buy out the interest Of Wander
bilt, which the latter is quite willing to sell
the moment the stock rises above So,
Gould, with his S7,50O,O00 will be very
near TO controlling the Board. He will
have to purchase it all himself, however, tor
he cannot rely upon his friends. He has
no such following as the Commodore has,
but he makes up in cash what he lacks in
support.
Sale OF the Northern Pacific.
One Of the Purchasing Committee of the
Northern Pacific railroad, informed a re-
porter last night that holders Of thirty mil.
lion dollars Of first mortgage bonds had
agreed to the proposal Of the Purchasing
Committee to buy in the road and other
property at a sale of the same, to take place
Monday under a decree of the United
States Court.
The Tweed Case.
Judge Barrett to-day refused 10 vacate
the order Of arrest on the six million suit
against Tweed, or to reduce his bail.
Departure OF the PaPaI AbIegate.
Mons. ROncetti, Abiegate and Rev. DR..
Uboldi, Secretary of the Papal Legation,
sailed for Europe to-day. They were es-
cOrted down the bay BY a steamer contain
ing the distinguished clergy and laity.
The Direct Cable.
The steamship Eiysia Everett, from Ire.
land, reports that July IL, in latitude a,
longitude 1916, she spoke to the steamship
Faraday, repairing the cable, and supplied
her with provisions.