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Updated: May 8, 2025
The council had come into possesssion of a letter from Ireland making very unfavorable mention of Lee. It produced no impression upon the council. "On the contrary," says Otis, "we are at a loss to know which is the highest evidence of your virtues the greatness and number of your friends, or the malice and envy of your foes." This was a most delicate and effective way of offering good advice.
He would not, however, part with it till he had the cloth in his possesssion; and as their could be no transfer of property if equal caution should be exercised on both sides, the lieutenant ordered the baize to be delivered into his hands.
On a trumped-up suit, and by an order of one of the Tweed judges, a receiver was appointed for the stock owned by foreign stockholders; and when any of it was presented for record in the transfer book of the Erie railroad, the receiver seized it. In this way Gould and Fisk secured practical possesssion of $6,000,000 of the $50,000,000 of stock held abroad.
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