New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-08-28
SENTIMENTS OF JAY GOULD.

THE EFFECT THE PRESIDENTS DEATH ALREADY
ovER-D1sCoUNTED IN THE BUSINESS WORLD
EXPRESSION OF SYMPATHY FOR MRS. GAR
FIELD.
Jay Gould expressed deep sorrow yesterday at the
probability of the Presidents death. His feeling of
sympathy with Mrs. Garfield and the other members
of the family was very great. He said to TRIBUNE
reporter
1.-THE death OF tho President will have effect,
in my opinion, the commercial interests of the
country. He is one of fifty millions of people, and
everything shows how small part of this great
country each Of us is. As to the political
quences likely to flow from his death
l can say nothing, because am
not a politician and I know nothing of
political complications and intrigues. have talked
frequently with many bankers and merchants who
are acquainted with Mr.. Arthur and from these
conversations am inclined to believe that he will
pursue conservative policy and that he will make
an excellent executive officer Ex-Governor Nor
gan, who is friend of mine, speaks in the most UNI
qualified praise of General ArthIrs character, and
III the event of the Presidents death anticipates the
most complete success from his Administration
Governor Morgan will be one of Arthur's most
trusted advisers; he certainly will be one of the
safest"
"Will General Arthur be likely to make radical
changes III the Cabinet? And would not change in
the Treasury Department cause some alarm ~ the
reporter asked
Il have no doubt that Arthur will make some
changes in the Cabinet" Mr.. Gould replied; but it
will be natural for him to appoint Eastern man
Secretary of the Treasury, if he makes any change
i'll that Department. he great business of the
Treasury is here at New York and at Philadelphia
and at Boston. 1t is proper that man here ia
mar with business should be placed at the head of
the Treasury. Such an appointment would be de-
sirable and satisfactory. Mr.. Arthur is a New-York
man and all his associations have been with New
York of business. Naturally he would select
some Eastern man to conduct the business of the
Treasury. Mr.. Window has made IA very good Sec
rotary, but really do not know how much expert
ence he has had with financial matters.
The effect of the Presidents death will he moth
ing, therefore, so far the business OF the country
is concerned; that will move right along without
disturbance. At the Stock Exchange the event has
been largely oyer-discOunted. You that now
prices are very tirm-very firm indeed. ! remember
that il was just the same when Commodore Wander
blt was dying. The Street waited for ms death for
weeks and all the time 1t was discountng it.
just as soon as he died stocks began to
rise. This IL the same thing again the Ex-
change has oYcr-discounted the Presidents death.
! know among my acquaintance IA great many per-
sons who have recently sold out their stocks in
Will he very anxious soon to get them back,
and they will be very much disappointed at the
price, am afraid. For myself | have specula-
tive interest in the stock market. | hold n large
amount of stocks, which bought because thought
they were worth the money. | do not intend to sell
them; propose To hold them.
- am very sorry indeed for the Presidents WIFE"
Mr.. Could concluded; very sorry indeed 1t will
be "A terrible blow To her. Aud then the other MEM
berS OF the family am very sorry for them al'