The Grange advance. [volume] (Red Wing, Minn.) 1873-1877, 1875-04-27
house, in which it remains dry without
drying out entirely as it dees when hung
In chimney. S =.
JAY GOULD. -.
Peculiarities OF tho Great Modern OPP
eratOr..His Recent Speculati0ns and
Present Schelnes-.The Capture of

Present Schemes.-The Capture of
Pacific Mail.
Especial Correspondence of the Times.) -.
New York. April l4.-Wall street, SO
much derided by commonplace cities as
the Devils Exchange, is at this moment
mirror ofwhat is taking place every
where. Instead of dozen heroes in its
Pantheon, there is but one--Jay Gould.
He has nearly broken Daniel Drew, the
head of the bears. Rufus Hatch, whose
operations with Michigan Southern
stock in 1867 melted $2,l85,O00, has
been exploded by Gould, and has sailed
for Europe. Henry Keep has been five
years asleep under a 500 600 mausoleum,
and his wife has found husband for the
$4,OOO,OO0 he left her in Judge Schley, of
Georgia. Vanderbilt no longer visits
the street, and his stocks hold
their high figure from the integrity Of the
man; that is, Vanderbilt will not
permit his own stocks to fall on his
friends, although the condition of the
Lake Shore Railroad seems to be any
thing but sound. Jim Fisk died the
brawler's death he coveted. Horace
Clark passed away with the serenity he
had lived. saw Leonard Jerome few
days ago lunching in the park, Passe and
Indifferent. He was the Sardanapalus of
the street, and under his domination Pa
cific Mail sold at 800. With more intel
ligence than any other broker, educated
at Princeton, he lost millions by foolishly
remaining uptown at pleasure on the day
his company held its annual meeting. He
is now worth three quarters Of million,
which he husbands as close as he can and
avoids the street. Tom Durant dropped
out Of prominence very much for the rea
sons which exhausted Jerome-pleasure
and extravaganza.
There are no such times at present for
rapid speculation as in the period of the
war and succeeding it. DR.. Shelton, the
hermit operator, who used to appear late
in the autumn from his country estate
and carry $4,000 shares at time, bearing
gold meanwhile, is only tradition now.
Amasa Stone and Alexander Mitchell, who
are great railway officials, send in their
orders at times, but have grown conserva.
tive.
Jay Gould, despite his great unpopu-
larity, has shown more tenacity, appli-
cation and clearness Of head than any
modern operator. He is not as tricky as
Daniel Drew, with whose circumstantial
aid he and Fisk contrived the celebrated
panic and riot of Black Friday, supposing
the President Of the United States had
been eained to their interest, through his
sisters husband, Corbin. Corbin, an un.
scrupulous parueeu, had played false with
Fisk and Gould, and also with the Presi-
dent, but it took the resources of the
Secretary Of tho Treasury and enormous
houses like Barring Brothers to defeat
Gould's speculation. He merely locked
up. all the gold he could get, de-
pressed railroad stocks, while pushing
gold up to $50. After Fisk was murdered
/ by Philadelphia boy Gould held the
Erie railroad until the mysterious coup
d'etat Of Dan Sickles was made, and the
! Erie Presidents office was carried by
storm. Gould then abdicated, but he is
thought to have come out with very
full hands. There is no other way of &C.
counting for his subsequent capital.
| The tradition as to Gould is that he
was originally tanner in the Lehigh
Valley, but Of New York stock, with a
little Hebrew in it. He failed in business
and came to New York to make way,
| "ANA uO NAu Oy VITALITY u uuLlls
with the rise of the Tweed power and
Fisk S fertile invention, he captured the
Erie Railroad from Drew, and consented
to the series of frightful corruptions de-
vised by Fisk, who was the daring spirit.
The fall Of Tweed, the impeachment and
ruin of Judge Barnard, and the death OF
| Fisk by bullet, were consequences Of that
coalition. After Fisk's death Gould was
| off.color, but, like Josie Mansfield, he has
since reappeared. His alleged domestic
purity, temperance. and frugality gave
him some foundation to rebuild upon.
Anticipating the present conflict between
the Baltimore and Ohio and the three
Northern roads, Gould spent his exile in
| extending his short and profitable piece
| of rail from Sandy Hook to Long Branch,
on the Delaware river, through
Vineland. This Drought him within 10
miles of Baltimore by airline. He re.
ceived help from the people on the way,
and showed such economy that it was the
general belief that he made money on the
mileage. No piece of road so cheap has
been laid in the East. John w. Garrett
| was not very solicitous of business
partnership with Jay Gould, and the Jer-
sey Southern has had it's reverses, but
negotiations are presumed to be still pend
ing between Gould and Garrett, though
lit is my belief that as long as Garrett can
carry his New York freight by thirty.
hour outside steamers, he will not want
to maintain three bay ferries and l64
miles of rail at Jay Gould's expectations.
Gould fixed his eye on the Union Pacific
railroad many years ago, and the princi.
pal article of impeachment against Judge
Barnard was granting the order to let
Gould blow open the Union Pacific safes