The Pioche weekly record. [volume] (Pioche, Nev.) 1877-1900, 1877-08-18
KEENE VS.. GOULD.

In March last keene came to this city
from San Francisco with fortune Var-
ously estimated at from Sc 900 900 to
$4,000, 600 which he had made in the
bonanza strikeG. AT that time COM
bination was formed against Jay Gould,
who was bearing Western Union stock.
Keene readily went into the pool, in
which hs associates were d. 7. Morgan,
\. L. Mills (formerly Gould's broker)
Russell Sage and several others. West
ern Union was sent up 10 per cent in
price, from GG to II. and Gould was
badly squeezed. While this was going
on Keeue became friendly with a. A.
Selover, who was then doing but little,
it il said he having met with mis-
fortunes some time before, Keene
needed II monitor in the New York
market, and Selover WAS pleased to act
in this capacity for him. After a few
days SsIover, so the stories rnn, formed
the idea of bringing Gould aud keene
together. believing that with their joint
capital they could control the market IN
every sense, and that consequently. he
(Seiover) would go to the front rank Of
operators once more. He introduced
the two men, and they made n conbin-
alton. keens sold his Western Union
stoca Its price fell, aud Gould was
released from his dilemma, while the
bulls, it is said, met with large losses,
keeno then became bear OF Western
Union with Gould. In this enterprise
they were joined by Russell Sage and
Garrison. Large blocks of shares of At
lantic aud Pacific Telegraph, Or rs it is
commonly known on the street, Apple
Tree Telegraph, were bought by each
member of the pool. The purpose of
this WAS to keep up the price of that
stock and depress that OF the Western
Union. This pool continued, without
its members having trouble with one
another in regard to its affairs, until a
few DAYS ago. In the meantime Keene
and Gould had operated together in
some other directions, and it is reported
that the former became angered several
times by discovering that his partner
was doing the opposite of what he had
promised to do. Still, no overt act dis
played the hostility growing up between
them. Previous to tie beginning of the
railroad strikes Keene bought large lots
OF stock with the purpose of building
the market on his individual account.
When the railroad men became demon
strstive, Keene grew alarmed and went
to Gould for help. The latter was a.
the time short of the market, SO he
agreed to aid Keene on condition that
he should have, below market rate,
enough stocks to cover his shorts. This
was granted him, and in return he agreed
to assist in keeping up the market so
that Keene might retrieve himself. Sew
eral days later Keene discovered that
Gould instead OF keeping bis agreement,
had begun to sell his stocks, and had
thus depressed the market. About the
same time, Gould and Garrison left the
apple Tree" pool and sold their stocks,
80 that it went into the hands OF keene
and Russell Sage and began to bull
Western Union. These discoveries mad
dened Keene. He went to Gould on
Wednesday, aud, it is said, Threatened
him with bodily violence In corrobor-
alton of the report of Gould's action
with respect to the Atlantic and Pacific
pool. Russell Sage is reported to have
said yesterday, Gould gave us his con
tract; that was no good. He gave Us
his word and that was no good" Majo
Selover, who was with him in all hi
operations, became as much incensed a
Goulds actions as Keene He denounced
Gould on the part vi his friend and OF
the part of himself, and the assault h
committed yesterday was the logical re
suit of his previous talk. Tho feelin
on Wall street is one of indignation tha
30 big man as Selover should hav
assaulted small, weak man like Gould
There is further feeling, however, tha
ii Selover had not acted in such COW
ardly manner. and aroused sympath
for Gould, Wall street would be dis
graced by terrible tragedy, as Keene'
blood is up, and it is said that he bt
lieves in California jlsticv.-[N. Y. Ii