Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-08-27
New York Sun, Aug %.

WbeD lie Loses MOney-Aa6 He LiUeS
on Malaria.
fNew York Sun, Aug o..
leading operator, who is supposed to have
have suffered as badly at the hands of Mr..
Gould as he has done in speculation in
wheat. was talking over the subject few
days ago in a semi-jocular vein.
"Gould has been doing all in his power,'
he said, "to cripple me, but without any sue
cess. Why, the directors of two of our
largest banks remarked to me the other dav
that no bank could have averted run upon
it had one half of the false stories been cir
culated about it which have been current
about my enormous losses. According sto these
ia bles l lost some four millions in wheat
while in fact lost only million and a quar-
ter, half of which loss I recovered at one stroke
in speculation in lard, and more than the
other half in stocks. Did it ever occur TO you
why Gould seeks the malarious banks of the
Hudson? No? Well, he cannot stand the
pure bsacing air Of the seaside; it s too healthy
for his constitution. He lives on malaria and
other peoples misfortunes. If the govern
ment were to put him in a Florida marsh, he
would absorb every faint of miasma in it, 80
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 ate ed to the ex;s
Indebtedness increased by 1888, 3,O00,0n0
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 $25, 600, ,00) of the money belonging to
the Erie treasury. That was somewhat teo
dangerous to be repeated. All New York knows
xl, .oy,I nj hat lollx
the State should not nave the honor of sup
porting him for the remainder of his days.
But money was SO lavishly spent, and the
pressing needs of the bankrupt corporation
were SO great that, although the books were re-
covered and the proof of his guilt complete,
yet he was not prosecuted, but apared to give
fresh proof of his financial ability. The au-
thor of 'Piccadilly' says the first thing spec
ulator in Wall street must do is to buy Judge
and run him. This refers to the time when
Gould and Tweed-brothers by common in
stinct-ruled the roost. But nowadays there
are no judges for sale, and Gould is conse-
quently hampered."
Returning to the watering of the Union Pa
ciic. the narrator explained that "Mr. Gould
needed more assistance on this occasion. He
took the Boston trustees-all honorable mem
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 afar, were initiated. Before
this Goul1 had purchased the control of the
Kansas Pacific at about twenty-five cents on
the dollar. He had found great difficulty in
carrying it. The road was in the hands of q
receiver. The interest on the bonded debt
had not been paid. The bonds and shares
were selling at low prices and were in bad odor.
Gould had applied to his friends to make a
market, and to help him unload He had been
refused, and he summoned his associates
around him. He explained his schemes, and
majority of the Union Pacific trustees at
once agreed. A pool was formed, and most of
the remaining Kansas Pacific stock was bought
up at about 40. This was converted into
Union Pacific stock, which was then selling at
80, and Gould & Co. had a good straddle on
the market by selling Union Pacific short at
80 and buying Kansas Pacific at 40. =
"That is the way in which MIR. Gould makes
money and fools the public. No one can ever
forget his conduct on Black Friday. That is
now matter of history. But it is not so 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 a child at
the loss of his ill-gotten gains. Why, he came
to me, ready to fall on his knees, and pitifully
besought me to help him to cover his shorts in
Lake Shore, St. Pau, and Northwestern. did
| so, and now this man tries to ruin my credit
| by spreading injurious rumors, which, az I
| said, no bank could Withstand. But dom t
mind it much. I can take care of myself"