The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-12-03
brokers for Drew and Gould bought them.
The transaction did not cover ten minutes
after the com m ittee had adjourned

The transaction did not cover ten minutes
| after the com mittee had adjourned.
| FISK RUNS AWAY WITH SOME STOCK.
Here Mr. Gould came from behind the
scene. The barnard writ was. rsturnable on
March To- On spd yGd Eh MnTSs =
clerks were assembled. and petitions Tor in
functions and so forth were drawn up. Al tne
| time these proceedings were going on in ono
signing Erie, certificates Of stock to be ready read
Nod. they proposed 10 convert all The bonds
at hand into stock, and furthermore, Drew and
sharss o the "n new 'ess sS6
bonds at 80. This was to DO done on Monday.
members ofthe Executive Committee OF Erie.
| The new certificates o! stock were given TO
Secretary OF the rompnny To m' rom th
IVES; street oilice OF the Erie to. tho transfer
clerk in the Pine street office and deliver them
Ss The wes Street Office and
grabbed the 20. oCO shares of stock certificates.
Sst il brgcfIyn il p@@o S & Mi,lam ns j
that barnard lad entered intoa conspiracy to
speculate in Fritz stock with Vanderbilt: IN, u,
stoned all further proceeding The Drew prey,
Marty was in clover, one, MAGISTRATE lcrbnIe
/" "S stand nd Still Drew and iou ID and Fisk and
ppE apc TX The aiork was ne
| old commodore Vanderbilt was buying. His
| brokers' took all the 10000 shares before they
.nsW where it Thsp 9ser ro fIssn
t"'77ii in aginy., Drew md could wer. ystt.,-
| NcNt day processes for contempt OF court were
| issued.
THE FLIGHT OF GOULD TO NEW JERSEY.
The scramble they made with the hooks and
papers and lllss OF the Erie CORPORATION to get
into Jersey city will not soon be forgotten.
Securities were jammsd IN nosffets and on ono
UlU, 600 IN greentncks. Vanderbilt had All.
sorLei tho .l0O,VOO., shares and Drew and
civ CIV h M altogether about sE06otHo Of his
money. Could Mr.. Vanderbilt borrow enough
m.n mss his &a srss NJ MI Drew
and Mr.. Gould had taken along with them THO
Er. phn ns5 as. but hsr. ths @
William l|elden. but Mr.; drew and Mr. Gould
Hscond rs receiver OF. Erie. Nenaity and
1Ir. and barnard was Threatened with i'm.
parchment
swEENI'S GREAT HAUL
Judge Clerke of the Court of Appeals.
junction. which enjoined barnard from ap
pointing \ receiver. and he also forbade the
It were made and the receiver from accsrtnG
it If it We're entered. But barnard went ahead
that the was ssVsd on
in onen court. Finally. by an arrangement
with Justice Ingraham. |; general appeal was
that m ost Judges would not let the Erie litiss-
ton into thoir, courts: 0sgood couldn't act as
He e r.cs " si5Uo0o for his vs." services It is
said. when there was nothing to receive. as
City.
TWO LEGISLATURES DRAWN IN.
Mr.. Drew and Mr.. Gould were not idle. A
bill maxi ing the line New Jersey corporation
was hurried through the Trenton Legislature.
hlt was ut home there. There was IL leg!,Ia-
tive investigation which resulted inareport
in; the law. appeared in Albany. was arrested
ior in;ontsmPt Of court. and gave h9il In hall
or r So il was said Justice Barnard gave HIM
him II. was taken L rsmaTsd IN 1.w AaSany
Gould-Drew bill was passed.
GorLD's SUCCESS IN Albany.
The bill was first passed by, the senate by
roads cons oidation with tie central was ler:
hidden. and ~ ,torkholGcr or director Of the
reaS 81 s t" w.s aG 3n hi II e
its way to the Assembly the lobby was
tnronged and lust at ths proper time false 4.
withdrawn his opposition TO the till. The
leTisiators wore dazed at this q, and the Gould
derbilts counsel appeared before Coy. Fem
ton to protest against signing the bill. but
Uncle Dan'l Drew now tegan to suspect that
Gould and Fisk were working not for him. hut
for themselves. He came from over Jersey City
and visited Commodore Vanderbilt on sun
day. when the court officers werc at church.
News Of this got OUT. and the trio OF specuia
ton and Drew coming to New York to purge
himself OF contempt OF court.
THE CoMMopoEE's DEFEAT.
:, Vanderbilt got out OF the fight in poor shane.
the Sha ma u a md q huif millions in sh
AND H,osk m ~ In
whems$"r they were xanied FIJI 's said at
sHr%ara that Il h. I'D yand.rbiIt Twas IN a
did This s1pahble cost III. Eric Railroad
biIt lost million or two which tie restitution
did not cover.
ME-. GOULD GROWS NERVOUS.
-, Gould and Fisk had practical control OF Erie:
good and Erie,s trHt1lss brought in good
%h the s osd "nI had
had droPred to a. and then. 10 the astonish.
cloecd. preparatory to tho annual election on
Get and I lis 1 1sngn went Of we'll for snl
William II. Tweed were among tho new d.
re,tors. Then. it is said. Mr.. Gould began a
% Of f the Ss% Yof
stock Exchange waited on Mr.. Gould. VINO
Gould tod the committee that T0.o0o.O00
OF conv"ri,l bonds had been issued. half Of
which had been converted into stock and The
rest would By, This was Il now issue. The
money he said. had been used to purchase the
s3.O"O.OOO OF lioston. Hartford and Erie. The
COMMITTEES was not satisfied 1t wanted to
know il more stock would be issued. Gould
repllsd; " In certain contingencies" meaning
Tor his loans. The Secretary OF the Exchange
afterward said that the stock Of the corpora
tion had been Increased from $34. 2G.,. 300 on
July !; 1858. to SD; $4,000 on oct. "a: or by
$4,000 shares within four months. These
new issues fo-cen Erie to 80. There was over
Sl2.OOO.OOO in ereenbacks locked M and all
values Were depressed. I'll. situatio On was SO
serious that Secretary McCuloch OF tho
Treasury. u cont ructionist. was nnpced 10
announce that If necessary S1O.O0OOOO addi-
tional currency would be forthcoming for the
relief OF tho community.
UNCLE DANIEL is NIPpED.
Uncle brow got badly niprcd next. He re-
appeared ~ u Spectator in Erie and began
selling short lie kept this up till he had sold
10000 shares for delivery in November Ht rs.
Gould was munagingH bull campaign and in
November had the stock M to so. brow
.l,. 80