The New York herald., 1879-12-19
MIR. T1LDEN AND THE RAILROADS.

DENIAL OF THE RUMoR THAT HE AND Mr..
BUTLER HAD COMPROMISED CLAIMS FOR
BONDS.
1t was again rumored yesterday afternoon that Mr..
Samuel ]. Tilden and Mr.. Charles Butler had COM
promised tho claims for bonds retained by them AZ
members of the Purchasing Committee Of the st.
Louis. Alton and Ierre Haute Railroad Company by
the payment Of 100000 apiece. Tho rumor at
tribured this statement In reference to Mr. Tden
Russell Sage. but on being questioned about the
matter Mr. Sage denied that he had conversed on
the subject with anybody during the day. and
declared that he knew nothing about it. Thomas
Denny, chairman Of the prosecuting committee.
said in reference to the interview with Mr.. Butler
in yesterdays HxRALD:-"I notice that Mr.. Butler
says that he does not intend to compromise the
matter. Now. If that gentleman has been correctly
reported then the lawyers purporting to represent
him have offered to make q compromise without au-
thority. There has been. however, definite prop
osition made by Mr.. Tilden or Mr.. Butler to say
nothing Of any payment being made by either Of
them"
Adrian van Sinderen. counsel for the prosecuting
committee said to HERALD reporter THE plain
TIN IN this case is the corporation itseifLthe st.
This 10. of course. the new corporation. and they
claim that they are responsible only to the stock
holders and bondholders of the old corporation.
Russell Sage about two weeks ago compromised. the
suit against him because he evidently thought it
In July. 1873 we settled with the Bayard estate The
suit was not begun for any specific amount, but to
bring the members of the Purchasing Committee to
accounting in respect to securities received from
the company In order to settle tho obligations
OF the old company. The Bayard estate paid
100000 In ten per cent equipment bonds. Sage
settled for the same amount. and have offered the
same figure for settlement to Mr.. Tiden and Mr.
trial Is not for me to say
Have they made any overtures looking toward .
II have received no definite proposition from
them but have been approached by counsel rep
resenting those gentlemen who have asked me on
the proposition have mentioned. but have not re-
ceived any reply to 1t. As to Mr. Butler saying he
have been misunderstood. Certainly counsel have
called at my office and wanted to know on what basis
1t could be settled"
Mn. JoRDANs EXCURSION.
The little excursion Of Mr.. Conrad N. Jordan.
president Of the Hudson Connecting Company. and
his associates to examine the route between Grecn
wood Lake and Middletown will probably consume
day so, and then its availability for Mr.. Tilden
rumored railroad scheme In opposition to the New
York Central will perhaps have been sscerained 1t
understood yesterday that recent conference
between Mr.. Abram s. Hewitt. president Of the New
York and Greenwood Lake Company and Mr.. Jor-
dan. the confidential friend In railroad matters Of
Mr.. Tilden was significant regards the formation
purchases of bonds of the Oswego Midland
reported in the HERALD few days ago.
were made by Mr.. Hewitt, although It Ia generally
thought by the wing that Mr.. Tilden Ia tho
power behind the throne. Within day or two there
has been another purchase of 100000 worth of New
York and Greenwood Lake bonds presumably in the
interest Of Mr.. Tlden, aud more than q controlling
interest the road is said to been already OBJ
tanned by him. prominent we'll street gentleman
said yesterday :-"When Mr.. Tilden over year ago
examined that part of Orange county. N. Y, where
Mr.. Jordan is supposed to be junketng he esti-
mated the chances of good railroad traffic there so
closely that believe he had down in black and white
not only the number of people living in each house
along the proposed route but the number of quarts
OF milk that every COW in the neghborhood would
vl.I