The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-03-23
JAY GOULD's RECORD.
The Proprietor OF tho "Tribunc" rs d.
stroyer Of Public Enterprises

Prov ~ Ees FORK Tmes
The Eric record OF Mr.. jay Gould should
have sufIiced to Danish him from decent bust
nees society; Tho perp traitors, OF the frauds
connected with this particular chapter of Erie
history SHOULD have no place. among reputable
people. Whatever they touch they defllc There
may not be any method OF excluding them
from tho stock market; but their objects arc
so VIGOROUSLY disreputabe. and their plans 30
VIGOROUSLY INSCRIPTIONS, that no one can be-
come their ally in railroad management with
which Mr. Gould ilnis assoeat@s in mans AGO,
ment and auxiaries in speculative operations
Reflects untavorably upon corporate credit. No
his hemcs What he cannot control he may
issail. and great Spectator, who T. indifferent
plish infinite mischief through indirect agen-
clcs. HIS hold upon tho Union Pacific ia u
scandal 80 great that i Is impossible not TO wish
success 10 one or another OF the proposed nous
urees Tor securing the. Government az a creditor
of that road With. Mr.. Gould IA its guiding
spirit. its financial future ia a lottery. The odds
are ton TO ono that he will wreck Il before he
looeens his hold and common prudence dictates
th9 adoption Of measures for the protection of
The popular .odlum attaching to the MANAGE
ment OF the Union Pacific will not be lessened
power ~ the master Of that concern. 1t IL not
easy to look with patience upon the cxactions
upon trade and traflic levied by q corporation
winch converts tho privileges conferred by the
nation into monopoly and while boastng OF
its prosperity. refuses to discharge its debts.
dcrcd more ntolcrablc by the part which the
Union Pacific is playing in Mr.. Gculd's latest
wrccking operations. II Ia. in effect. u national
road. and It iorfcits its last claim to Congress
sional forbcarnnre when IL employs the power
for whose rightful exercise II il responsible 10
the country for the purpose Of STRENGTHENING u
speculative combination. Their" IA nothing in
its Legitimate business requirements which
points 10 the necessity Of discriminating
for or against certain roads. Its alli
ance with the Rock Island and North
western companies. in pursuance OF which
the Gould influence ia extended to these ronds.
may for tho moment seem 10 confer upon them
special advantages. The gain, whntcyer 1t
amounts TO. will be dearly purchased. Conf
dence Is impossible whore Mr.. Gould directs.
n pnh ne mere inct OF hls connection with the
dicial to their credit. There can be only very
limited faith in the integrity of any manage
ment in which he participates, and nothing
that can happen to investors in the trio of CON-
panies with which he is associated should OK
cite surprise.
The evil extends further. Fatal rs the Gould
influence in management must he to the conf
uencc OF careful investors. the rccklcssncss Of
Ms policy entails injury upon other companies.
The sudden fall which has occurred in the
stock and in one class Of the bonds of the Chi
cago. Burlington and Quincy road. Illustrates
the sensitiycness Of investors under the bare
apprehension of the results of Gould's plans.