River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1880-09-16
KEENE ON GOULD.
keene Gives the Public am Inside
View of the Great Nrecker-How
Gould Cries when He Loses Money
And He Lives on Malaria.
New York Sun.

New FORK sun.
A leading operator, who is supposed
to have suffered as badly at the hands
of Mr. Gould as he has done in a specu-
lation in wheat, was talking over the
subject a few days ago in asemi-jocular
vein.
Gould has been doing all in his
power" he said to cripple me, but with
out success. Why the directors of two
of our largest banks remarked to me
the other day that no bank could have
averted run upon it had one-half of
the false stories been circulated about
it which have been current about my
enormous losses. According to these
fables | lost some four millions in
wheat, while in fact | only lost mil
lion and quarter, half of which loss |
recovered at one stroke in specula-
ton III lard and more than the other
half in stocks Did ii ever occur to YOU
why Gould seeks the malarious banks
of the Hudson? No? Well he cannot
stand the pure, bracing air of the sea-
side; it is too healthy for his constitution.
He lives on malaria and other peoples
misfortunes. If the government were
to put him in Florida marsh, he
would absorb every faint of miasma in
it, so that not even an alligator would
be left. His trickery is notorious; yet
by means OF false reports he manages
to saddle his wildcats upon the public.
Look at Union Pacific Its stock has
been watered to the extent of S14, 000-
600, and its bonded Indebtedness in
creased by So, 100000 within the last
year. The manner in which this was
done was admirable and thoroughly
Gould-like. 1t was not as wonderful a
stroke as his feat of putting into his
and his partners pockets $50, 0O0,0OO of
the money belonging to the Erie treas
ury That was somewhat too danger
Gus to he repeated. All New York
knows that it was tOuch-and-go at that
time whether the state should not have
the honor of supporting him for the re-
mainder of his days But money was
so lavishly spent, and the pressing
needs of the bankrupt corporation We're
so great that although the books were
recovered and the proof of his guilt
complete, yet he was not prosecuted,
but spared to give fresh proof of his
financial ability. The author of Pic
cadilly' says the first thing Il speculator
in Wall street must do is to buy Judge
and run him. This refers to the time
when Gould and Tweed brothers by
common instinct-ruled the roOst. But
nowadays there are no judges for sale,
and Gould is consequently hampered."
Returning to the watering of the
Union Pacific, the narrator explained
that MIR. Gould needed more assistance
on this occasion. He took the Boston
Trustees-all honorable men-intO his
confidence Russell Sage and Sydney
Dillon were also brought in. Several
satellites. who are always ready to be
used when they scent profit from affair,
were initiated Before this Gould had
purchased the control of the Kansas
Pacific ut about % cents on the dollar
He found great difficulty in carrying it,
The road was in the hands of Il receiver
The interest ON the bonded debt had
not been paid. The bonds and shares
were selling ut low prices and were in
bad Odor. Gould ad applied to his
friends to make market, and to help
him unload. He had ben refused and
he summoned his associates around
him. He explained his schemes, and
II HliJOIliN Ol llt Union L dtllIt trust
ees at once agreed. \ poolwas formed
and most of the remaining Kansas
Pacific stock was brought up at about
40. This was converted into Union
Pacific stock, which was then selling ut
30, and Gould & Co., had good strad-
die on the market by selling Union
Pacific short at 90 and buying Kansas
Pacific at 40.
THAT is the way in which Mr.. Gould
makes money and fools the public. No
one can ever forget his conduct
on Black Friday. That is now a mat
ter of history. But it is not well
known that this man is unable to lose
with equanimity; that his brokers have
to pull him out of his chair; that he
cries like child at the loss of his i'll
gotten gains. Why, he came to me
ready to fall ON his knees, and pitifully
besought me to help him cover his
shorts in Lake Shore, ST. Paul, and
Northwestern. | did so, and now this
man tries to ruin my credit by spread
ing injurious rumors, which, as [ said
no bank could withstand. But / don't
mind it much. | can take care ofmy-
self"