The Findlay Jeffersonian. [volume] (Findlay, Hancock County, Ohio) 1870-1881, 1875-05-14
~3lHsJrHaHr0H5.
His FocT ON THEIR REczc.

Jr. ,iiat when he had been q Year with
the lirn with whom H. began Lis career
ia this city. he Ind ro longer to Le his
own crraHl boy. and on proper occasions
people were willing To hunt him up for
tli.. sake Of hi- business. Eu5 what
would h,. have thougllt of a position and
a power t!int wouii have enabled him to
stay at a residence four miles away. in
Brooklyn, and compel every man Who
wnuIi fain de- business with him to seek
an interview at lis own time and place
Sach is tlie position which his sometime
confederate and associate las achieved
MIR, Jay tiouids residence i on Fifth
avenue, near the park, and more than
three miles from Wall street; vet It Is
said OF him that he ucverieuves his house
except for recreation. During tIe NOR
ming he Is at home, apparently idling
away his life, bat really full Of intense
activities. Lines OF telegraph. keep him
accurately ana Instantly informed Of any
lluctuatiom in public securities, or in the
selling price Of fancy stocks. Other
lines maintain communication with his
Wall street asents-a wire to each agent,
it is said. His operators are in separate
rooms for fear OF misliaps. If n visitor
calls, thinking To gain some useful hint.
he is is shown to a pleasant ante room
where his eyes will wander over objects
of reTtH, until presently Mr. Gould will
saunter in with the air of a man who has
not an object in life To the inquiries
of his friendS-agonized it may be, with
the frightful fluctuations of his favorite
inveStment-he returns only vague eX-
praSsinns Of ignorance or iucuriousness,
aud referring To the fact that he never
goes to Wall street, AYERS that he knows
little or nothing rs to what is going on
there. And yet all the while hc i the
terror of that street lie is rrputed to
WELD enormous capital. 1t has been
stated that he controls 2O0, 600 shares of
the Union Pacific. And hiS influence is
out of proportion to his wealth, for
willie 10 one knows his wealth all the
operators know and have felt his power.
\ curious story i told illustrating his
tactics.
1t is stated that during all the recent
transactions III Union Pacific Railway
stock not a share has been sold by any
of the Boston directors. Their enOrm-
Ous blocks remain intact The belief i
that Gould brought this about 10y buy
ing of them the option to take at any
time within a year ircm the date Of the
transaction, any proportion of all their
shares at eighty, the shares then stand
ing ut thirty five. Forthwith the stock
begins TO rise, but not a share of tlIeSe
blocks is put OH the market, as the oeil-
eT; are too uncertain about their ability
to replace at saving price to care To
risk the operation. And 81 their passive
co operation is secured. We know moth
ing Of the truth Of tli> story. lr may be
all moomsIinr, but ii l. credited in sub
stantially t!IiS form, and So answers "a
purpose.
1t results lIIat all the weak operators
in whatever stock JAY Gould chooses to
take hold OF are absolutely :.t Ills mercy.
For mouths, it may be, there have. bcca
! no sales, or, if sales, ri uuyaryiu@ prices
| Suddenly there is u ripple There are
sales perclIauce little under thc market
| Tlc sales continue. Timii ones get
| frightened aud sell. Then others sell.
| Then it MAY br runOrrd that Jay Gould
is selling, and so he may be, bat he may
also he buying, and doubtless is at the
same instant. Or perhaps hc makes Il
corner, aud theH squeezes' his vic
tins. IN any and all ways he profits
| out of the public loss Aud 50 he has
his foot on their necks
And yet this man, with his millions Of
capital, his profound calculations, his
combinations, his resources, his impene-
tr,tbIr iircS>a may at any day take hold
of gold a. witness the Black Friday
| and demonstrate ti.;st hi- foot Is Oh all
our pecksi for touch the price Of gold,
and the entire commercial community
| feels it as with an electric siiOck
Aud now, in such a state OF things,
with prices all unlinsti, with no Stabh-
ity anywhere with the times breeding, if
not Jay Goulds, at any rate busy aud
reckless speculators, Is it not worth
while to consider whether the finances
of this nation can aot be handled in :,
WAY that VIII renre,s instead Of breedin.
speeuI,tiop. that wiI foster instead OF
crushing industry, Ar. the forms and
methods that .n.wer for p nation Of
3 OOa oeo,d-s,i,. ... Caraustf,,,of 81. 900.
0oa,- R..,..,. sg,,yf;,.,
so,r. av,a,tio,, j., tla ruIinr, Of ia.
Corr, ~, ..,,,a ,o;rr and a d;,,pt,
arose
..Ir ,I,. Court r,re,,.a ., saiI Tie e, mn
s.I o,,l ,!,.. .-.,.s .i.,,.. ricLipo mn ,
| voIrua
..-rhera i mn r..farripg Il, a,.v hook ~.y
cI,ired the Court augriiy i have d.
.;dad tha Mint
opt v,,,,r l...,..r-- p.r-.i,5..J iI,e nt
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