The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-03-05
WHAT JAY GOULD SAYS.

An interesting interview with the Great
Innocent of the Street.-The Sticks by
stocI<wcil, but 'Rcally Knows Nothing
OF What Is Going On"-His Opinion
OF Pacific Mail-Mr. GOuId's Occupa-
lions In His Retirement-yVhat He
Knows OF the Recent Panic-The
Runners OF an Assignment Denied and
the President OF Pacific Mail Not
ssBroke"-Mr. Gould Wants No eExccu-
tiveo Position.
The rumors as to Mr.. Stockwell's affairs were as
rife the street yesterday as on the day before.
Indeed, they had obtained additional force from
the fact that they remained uncontradicted. Some
Of the rumOrs OF course, had come to the state Of
ncontrovertible facts Others however, closely in
teresting the parties concerned in Pacific Mail, flew
about promiscuously, and, while they did not OBJ
tain such universal credence as those of the day
before, because they were still more serious,
were generally believed by those who are
usually the best authority in Wall street. One Of
the rumors-and the most startling-was that the
gentleman who was at the bottom OF all this trouble
in Pacific Mail was the man who until the past day
or two supposed to be the last to have had any
connection with it-Mr. Jay Gould. 1t had come to
the state Of a proverb that whenever there is
trouble in the outside world there IS always found
to be woman at the bottom of 1t. In Wall street,
WHENEVER THERE is TROUBLE
in some mysterious way Mr.. Jay Gould is supposed
to be at the bottom of it; so that now people who
are playing any little games upon other people
almost half scared that any moment the great op
orator will pop up, like Jack m the box, surprise
everybody and quietly rake, in the stakes. Here,
IN this case Of Pacific MAIL it was said and sworn
to that Mr.. Stockwell having failed, had made over
an assignment Of all he had to Mr. Gould as being
his largest creditor and to the exclusion of all other
credit ors including the Pacific Mail Company ITSELF
to which he was said to be indebted very heavily.
In this connection it was added that some months
ago, when Pacific Mail was almost at par, Mr..
Stockwell had borrowed large amount OF money
from the company at ninety-nve and twenty per
cent margin, but that since the stock had gone
down to fifty or thereabouts Mr.. Stockwell was
really indebted to the company twenty or thirty
per cent on all he had borrowed.
ANOTHER RUMoR
was that Mr.. Stockwell was SO badly "struck" that
he had even allowed some notes of the Howe Sew
ing Machine Company, OF which he is President to
20 TO protest on Saturday.
With the intention of finding ont how true all
these rumors might be q reporter OF the HERALD
called upon Mr. Jay Could at his residence in Fifth
avenue. Several coupes were before the door, and
1t appeared that Mr.. Gould was in consultation
with some Of the magnatas of the street on some
private business, which OF course II was none OF
the reporters business to inquire into.
Mr.. Gould came forward very cordially, and, II
one might Judge from his expression, appeared to
be rather astonishcd at what on earth a reporter
, could want with any statement from him.
MR.. GOULD SPEAKS.
The reporter explained to Mr.. Gould the object
OF his visit briefly and then asked HIM
care these rumors true that Mr.. Stockwell has
made an assignment to you Of property on account
of your being his largest credltorP''
al have heard these rumors," said Mr.. Gould.
"They are untrue Mr. Stockwell has made no as
Segment to me whatever. Instead OF being
against MT Stockwell am for him, aud shall stand
by him In his difficulty. | admire his pluck.
plucky way Besides Mr.. Stockwe IL all right.
The rumors OF his being broke are false. He can
meet all his engagements. and should be the last
to go against him. All the rumors about his imam
cial condition and his position in the street are
more or less exaggerated"
''Yet he is loser, is he not ~ questioned the re-
porter.
undoubtedly be has lost heavily, but he has not
| faied,n answered Mr.. Gould.
800 you think his losses are as heavy as mas Deen
| said-S4, 00O,00 is the sum ~
THAT could not sayD relOlned MT. Gouiu, put
| I should not think they were so heavy as tpat.
| That
| MR. srocKwELL HAS OPERATED HEAVILY
! and has lost " ~ secret presumei but We VIZ