The sun. [volume] (New York [N.Y.]) 1833-1916, 1876-12-12

and thus 70 furnish labor for those who
wish IL, the gain is no one individuals. The
money serves its rightful purpose; the
fruits of labor feed further labor; the seed
is planted and brings forth new aud great
en- crops. The posscssor OF capital who
properly appreciates the responsibility Of
his stewardship, recognizes this truth; and
even his selfish advantage should prompt
him to follow such course. If the idle
money Of the country could now be all en-
plOyed in this way, there would be little
trouble about labor finding employment.
Now, no one who rightly views this sub
ject blames JAY GOULD simply because he
is rich. II is because in order to get rich
lac has damaged all the enterprises in
which he has been engaged. aud thus
brought sorrow and trouble to the COM
muuity, and because he persists i'll SO
doing, that he is condemned. He has
had and still has in keeping vast trusts,
but be has never managed one OF them
with view to the benefit OF those whose
property he administered. The conse-
quencc has been injury TO the credit of
the particular enterprises, aud injury to
enterprise in general. Iels known all over
lut W OItu us "a itist trustee. anu his opera
lions have been 50 vast that his disregard
OF his Obligations has thrown n cloud over
all similar undertakings, and given bad
name to business Gnaucieriug. He has
not the sympathy of his fellows, because
he has forfeited il by his practical brieand-
age. lie has steadily sacrificed all interests
to his own. and ALWAYS destroyed other
mems property committed TO his care, II
thereby he might add to his accumula-
tons
What man would feel safe II his money
was locked up in an enterprise Of which
JAY GOULD had the coutrulg He might
get it out, though the preccdents are all
against his doing so; but il II was for JAY
GoULD's advantage that he shouldn't get
it, and JAY GOULD could, by hook or 10y
crook, prevent his getting IT, he would
never see his money again. Everybody
knows that NJ. GOULD has no more scru-
pies about So misusing Il trust than he has
about corncring the market in stocks. He
will corrupt legislators. tamper with jus
tice, ana buy off opposition, or bargain for
slcncs, when he can, with rs much nom
chalaicc as he would order suit Of
clothes. Instead Of building up prosper
ity, lie has therefore steadily pulled IL
down. and the bulk of his fortune has been
made by the disasters he has caused to
other people. JAY GOULD l. n positive in
jury to the country. and ho can be de-
Tended on 10 grounds which rest on truth
or honesty.
Leaving out his greater operations. take
the single case Of his management OF the
Tribune. Since he secured the control OF
its stock, the paper has not paid one cent
in dividends To the stockholders. On the
contrary it has steadily accumulated debt,
and such of the property rs there is left
substantially belongs D him alone. Among
the stockholders Of the Tribune are men
whose stock represents their hard savings.
For five years they have waited in vain for
dividends. while they have seen. pow ,..,-s
to prevent IL. Mr. GOULD spending the
joint-stock company's money IN an extray-
a~ant building, AMI in other ways which
promise no profit for them, and can only
enure TO his personal advantage. il any
body's. The Tribuus was once worth per-
haps a million II dollars. The stock not
held by JAY GovLp, and which WAS once
worth toward half "A million, isn't now
worth more than the price OF the certli-
Gates for old paper. That half million is
all swept away. The big building is COW
cred with lieus which represent AT least its
ya'ue. The business, so far from making
money, has been losing IT. and the pros
poets are rs dark now rs they were when
they were At the darkest. JAY GoUlD has
practically ruined the concern, both
morally aud financially. though personally
IL may have been worth TO hlm rs It's con
troller what he paid for H. He has brought
disaster here ~ elsewhere.
Can JAY GOLD expect then, that mon
shall do otherwise thau bitterly condemn
him; They would be false To truth and
honor rand honesty If they did not condemn
him and give their sympathy to the un-
happy men his ruthless course has ruined
or irrctrlevaby damaged.