New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1880-01-04
PArING At THE LIST MOMENT

Mr.. TILDEN SETTLES ONE RAILROAD SUIT
DELAYING UNTIL TIr LAST DAY OF THE Old YEAR
Ills LAWYER THIN HANDS OVER 800, 600
CHARLES BUTLER ALSO PAYS.
Samuel j. Tiden and Charles Butler
the two remaining members OF the former Pur
chasing Committee or the ST. Louis Alton
aud Terre Hauie Railroad Company have each paid
500 coo IN settlement OF the suit brought against
them for an accounting by the company.
Russell sage aud the executors of the late
Robert Bayard who were also members of the com
mlttee, pad 100000 each time ago.
The suit Is thn., in reality. closed although
| 1t Sill remains on the records OF the
United States Circuit Codr. 10 which it was brought
In 1862 the ALTON, Terre Haute and ST. Louis
Railroad Company got into difficulties and the
road was ordered sold. The stockholders decided
to buy It In, and appointed the four persons named
above TO do for them. The company reorganized
under tue title OF the ST. Louis, Alton
and Terre Haue Railroad Company and the members OF
the purchasing committee became directors There were
several claims against the old company to be settled and
company placed in the hands of the purchasing
committee large amount of bonds for this purpose.
After these claims had been settled. large amount
Of the securities remained In the hands Of the four
committeeman. but instead OF returning them
TO the company they divided them among Themselves
or in other words. one Interested Ia the
company remarked yesterday, they were
/
kept the change" They claimed they only exercised
legal right
Suit was begun by the company for an accounting
Mr.. Bayard the first admit that the securities
should be returned. ont before be did so he died.
In accordance with his wish. however bis executors
paid over 100000 early In December or last
and the only two who refused were Mr..
Tlden and SIR. butler The suit against them has been
some weeks aud II would have come To trial H. the
present month had the defendants finally
from them. Recently motion was made by the
deie dinis for leave to file S inpPiemgn!a
for tue company consented TO the motion being granted
but OF that time IL was not known except to the
persons immediately concerned on both slaes,
what the answer was to be. At the
Mr. Tlden's Counsel that unless settlement was made
before the expiration OF $40 the case would have to 70
MI Van sinderiu in conversation with TRIBUNE
reporter last night said that the a., supplement,
few days would contain an agreement be-
tween the parties 70 the suit for the set,
be matter ofrecord In the Circuit Court within few
"What are the terms Of the agreements" asked the
II cannot tell You that, because l., have not
are rather particular aud would not care to state
them from memory"
Cannot you give me their impOrtf
Yes Their import Is 56ai on the payment by MessTs
dea ana Baer oil S2ooUcC Issn OF e s DIES
ms.a OF the compliant without costs"
YES On wednesday. December 81, j. n. Whiting,
for Mcssrs den ana Butler who has had 10 do
with the gotiaons for settlement all along. came
to my office and paid me 100000. partly cash and
parity In bonds OF the company
" What amount did YOU sue for -
-" We did not sue for any special amount
d dGf SUIT securities thar the coSm
tee had received from the company, and we
We fixed no We always ready 10 settle
tor 100000; varied one iota from our terms.
and finally obtained them. The fact is that the
mi W.T. al
more tnan 100000 THIS result is reached owing To
the fact that Of the bonds which have been handed
over to worth more than their face value"
How II that the settlement made on the last
day OF the yearP asked the reporter
"Well" replied Mr. Van Sndern. know Mr.. Tllden's
reputation for putting things on and gave him until
the last day OF the old year TO make UP his mind He
knew that II he did pay then he would have
go into court. and evidently he did desire 10 do
SO. The case Is settled"