Erie War Escalates - Gould and Fisk Flee to Jersey with $7 Million in Watered Stock

The Erie War reached its climax in early March 1868 when Jay Gould, James Fisk, and Daniel Drew, facing arrest warrants from Judge George Barnard after issuing $5 million in fraudulent Erie Railroad stock, fled across the Hudson River to Jersey City with $7 million in cash and watered stock …