The Colfax chronicle. [volume] (Colfax, Grant Parish, La.) 1877-1981, 1880-01-17

How Mr.. Gould Pocketed the Dqis.o.-. ~
cine and Mr.. Garrison Several WiIii...

cinc ana Mr. Garrison Several MiIIIc..
Correspondence of the Boston Hera,d1
When Gould paid 81, 800, 900 to Con.
modore Garrison for his interest in ~.
Missouri Pacific Railroad, it was snrsaS
broadcast throughout the length and
breadth of the world that he gave To tha
Commodore his individual check for ,hs
money. This is an error, as the seoneS
will show. Gould had never approached
Commodore Garrison on the subject -
his (Garrison's) interest n
the road, neither had the Commodore
any idea of disposing of il. He arpne5
that it was all right, and he gave II onlv
his natural business attention. But ors
evening, several weeks since, jaw Gould
with some friends, was in the Windsor
Hotel, on upper Fifth Avenue, New
York, and one Of Commodore Garrisooh
sons CHANGED to be there also. Gould
saw the young man, and in a iocular
way. said to him: Look here, Carl.
son, would your father take S1,SOO. OOO
cash for his entire Missouri Pacific
stockp' The inquiry naturally enourh
took young Garrison by surprise, but
thinking perhaps Gould might be lest
ing, he quickly replied, SWell,, M.
Gould, father might take $500, O0O.n
Here the conversation on the matter
stopped. Young Mr.. Garrison when he
got home told his fater what a query
Gould had put to him, at the Windsor
Hotel, as also telling him his reply.
The Commodore paid no further atten-
ton. TO it. Next day about noon Gould
made his appearance at the Commo-
dore's Office. See here" said Gould.
" Garrison, will you take $1,8OO,OO0
cash for your Missouri Pacific Railroad
stock"
SWELL" replied the Commodore, 81
might have done so yesterday, but to-
day ask $500, 900. more than that for
it, "You do, do your Well, good
day, Mr.. Garrison" Gould turned TO
walk out, when the Commodore said:
"Look here, Gould, it is &2,3O0, OO0I
ask for that stock to-day, tomorrow It
win be %, 800, 900, the next day il will
be SO, 800 600, and every day it will in
crease in price Just &5OO, 0O0."
"All right, Garrison; good day." no
piled Gould, and out of the Office he
went. rsFef* tkt IRIS 81
"GONE UP A HALF MILLION"
Sure enough, the next day Gould
came again to the Commodore's Office
and asked the Commodore what he
would take for the stock. 1.-TWO mil
lion eight hundred thousand dollars
cash, Mr.. Could; it has gone up $780,
600 since yesterday" replied Garrison.
Gould went out. The next day Gould
came again. The price was then
$500, 600. The next day in came
Gould again. From his manner the
Commodore thought he meant business.
However, the Commodore kept quiet.
Gould asked, SHOW much for that
stock to-dayp" Garrison replied,
/" Three million eight hundred thousand
dollars, cash, Mr.. Could" II win
take it, Garrison; it is sale. Here Is
my check for the money. Give me
bill and receipt; pass over the
whole business; it's mine, |" replied
Gould.
The Commodore looked at Gould,
and the two millionaires stared at each
other for. a moment, when Garrison
said: 81 don't want your check, Mr..
Gould; Iwant gold, cash." "An right;
come over to the Sub Treasury" So
Gould and Garrison started. At the
Sub Treasury Gould paid Garrison
%, 800, 900 cash, in gold certificates, and
the sale was completed. This is the
true history of this great sale, which Is
considered the largest cash sale to any
one man ever contaminated.
SOMETHING ABoUrGARRIsoN'swEALrH
Commodore c.. X. Garrison is the
second of five sons, whose father was
Oliver Garrison, and the mothers name
Catherine Garrison. Both the father
and mother were born and reared on
the Hudson River, about fifty miles
above New York City. Out of the
whole number of children, which were
five sons and two daughters, there never
was q death from sickness. One sister
was drowned some years ago, and the
other sister is now residing in the city
of Pittsburg, Pa, the wife Of Geo. Bar
nett. The five sons In their regular or
der, are as follows: Abraham Gsrrisou,
residence Pittsburg, Pa, engaged ex.
tensively in the iron business, and
reputed to be worth 5000, 900 to &c.
600, 900. C. X. Garrison, residence New
York City, whose wealth is almost fab
ulous The Commodore's wealth can
better be estimated by the following,
which is but a small proportion Of be
possessions. In the first place, be OBJ
tanned $50 for 81 invested in the hb'
souri, Pacific Railroad. Then he owns
81, 200, 900 in bonds of the Missouri p
cific Railroad, drawing to-day 2 Per
cent. interest. He has 81, zoe, 900 IN the
New York Elevated Railroads, e8OO,OW
in the New Orleans Gas Company
| 81, SOC, 900 in !. the Chicago Ga
Company, 100000 in the New YORK
Gas Company, and $500, 600 in San An
tonic Railroad bonds. The Howe Com
pany owe him about $500, 600, and M
real estate in California and elsewhere
is large. Commodore Garrison is worn
at least S2O, 600, 600 to-day. He has s .
his credit in his bank nearly $5,0Oo,Vc