Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1880-11-20
JAY GOULD.
The Remarkable Operations OF a Remark
able Mantle Boss Spectator of the
Country and His Projects.

Country and His Projects.
The political debate is now changed into a
railroad outlook, and the spectators take
the place of the politicians in public inter-
est. jay Gould, of course, is on top 1t has
been clear for several years back tibet unless
Gould should meet with some great backset
such as might result from famine or
long panic. he would supersede VIM. Van
derbiit as the richest man on the continent.
He Is already believed to be the largest lend
or of money in New York. Iheard this dis
puted yesterday, and it was reported that all
the brokers who represent Gould had an
abundance of lendings. He is said to have
lent Sc ,000,000 few weeks ago to a group
of German bankers on collateral; and some
of his associates have said to me that he only
waited the moment to feel that the laws and
the courts could be trusted in the South, to
invest 100000 in the Mississippi Valley.
In fact, this country, large as it is, is get
ting too small for Gould's operations. He
has possession of almost everything in the
Tar West, and what remains, with the excep-
ton of the Central Pacific railroad, he could
easily get hold of if he made the effort.
He is building extensions of the Union Pa
cifc line north and south, building from
New Orleans direct to Shreveport and the
Texas Pacific railroad, building west on that
line; and he told Mr. e. A. Buck fortnight
ago that within two years he would have the
Missouri, Kansas & Texas railroad planted
in the City of Mexico.
While he is building in this vigorous way,
he is also specializing. Being the possessor
of most of the railroad secrets of the conn
try, he speculates with intelligence as
well as with the power of superabundant
money.
However, after more than ten years of
dislike. if not hostility, it is now announced
that Grant is going to be president of
Gould's great consolidated railroad, which
is to extend from Toledo, Ohio, to Omaha
and to st. Louis, thence to Denison, Texas
to Denver, Ogden, Ell Paso, New Orleans
and Mexico City. Yesterday Judge Miller,
of the supreme court, sitting in chambers.
restored the Missouri, Kansas & Texas from
receiver to its stockholders, on the argu-
| ment of Judge Dillon, of Iowa, who has
quilted the bench and become Gould's rail-
road lawyer.
The Missouri Kansas & Texas railroad
was one of the schemes commenced in Grants
administration, and completed Just after the
panic of 1873. Ii went almost Immediately
into the hands of a receiver, and for years its
stock was quoted down at few cents on the
dollar. This road leaves Hannibal, on the
Missouri river, and runs through Bonneville
and Sedalia to Fort Scott and Parsons and
then due south through the Indian Territory
to Denison, the initial point of Texas rail-
| roads. II has land grant in the Indian Ter
ritory contingent on the favorable action of
the Indian tribes, who have heretofore
sternly opposed railroad aggressions of the
division of their lands into private property.
But this road has the only right of wav
from the Northwest to Texas. It was built
at great expense by Levi Parsons, of Cali
| fornia, and Gould has got possession for q
mere gong, biding his time to pick up the
stock at low figures, and now advancing in
a lump 100000 to pay the defaulted
interests on its bonds.
1t runs through perfect garden for
almost the entxe distance, starting ct
the western end of the Wabash rail-
road, crossing the Missouri by bridge
at Bonneville, and keeping on
the rich prairie and by the water courses.
And it is an air lire, or nearly go, from To-
| ledO to Fort Scott, where its course is more
directly south along the waters of the Ar
kansas. At Parsons it has fork to the
| northwest to the Kansas Pacific railroad, so
| that it is like a funnel, embracing every
thing from Central Kansas to Ohio, and
| able to pass the whole into either Galveston
| or New Orleans. It is said in New York
that among the schemes of Gould & Go.
| is to create new city on the
Gulf Of Sabine Pass, which is the boundary
between Louisiana and Texas, about sixty
| mi les east of Galveston, and more than two
| hundred west of New Orleans. General
Dodge, the chief engineer of The Texas Pa
ciic Railroad, told me few weeks ago that
the Texas Pacific Railroad would be into
New Orleans next fall.
Every department. of Gould's financial and
construction system is perfectly organized.
| His railroad builders are sagacious, and re-
| lieve him from the details of construction.
| His brokers and financial partners are men
| of nerve, experience and fidelity. Every
| movement that be makes can be ANTICIPATED
by rich speculation, or he can disorder the
market if he pleases, and reap daily pro-
| fits.
The distance from the Rio Grande to Mex.
leo is about three-quarters as great as that
from the Rio Grande to the
southern end of the Missouri,
Kansas, & Texas railroad. 1t is
now announced, though the news has been
anticipated for weeks past, that Gould pro-
poses to consolidate his interests with the
Central Pacific of California, in which case
there wilt be but one opposition line in all
that country, the Atchison, Topeka & Santa
Fe railroad excepted, which now extends far
into New Mexico, bat whose projectors have
never been hostile to Gould, and cen either
stay out of his combination and do well, OF
| 90 into it and be well maid
| Colonel Thomas A. Scott, since his resio-
nation from the Pennsylvania Railroad
has co-operated with Gould in the South
west by means of the Pennsylvania Railroad
which has never been unfavorable to him
Gould can have o direct outlet east from
Toledo to New York and, his relations with
Vanderbilt being good, he has the pick OF
routes from Toledo east. Cincinnati, regard
ing these great endesvors to carry the trade
of the Sou Invest far; to the North, may be
gratifed that she has opened her own railroad
almost half way to New Orleans.
| To-day the stockholders of the Missouri,
Kansas and Texas road met at Parsons,
Kan, where they were to consider PROPOSE
ton to issue twenty five millions more stock
and forty-fve millions of consolidation
mortgage bonds. Grants name at the head
of this consolidation would on the one side
placate the federal administration, and be
powerful with Congress and the Republican
party; on the other side, produce remarka-
L ~