, 1881-02-28
Another Installmont Of Cabinet Oaokle
from a Correspondent ot
Mentor.
Dolngs at tho Stock Exchange the Past
Week the Main Topic Among
Brokers'.
Il Confident Feeling TINT tho Cri-
sis II " Thing Of the
Past.

HIS VIEWS on CORPORATIONS.

epsctat DIpatch 10 The Chtea1o IfthunA
NEW roak, Fel,. a7.-sfr. Jay Gould. in tho
multiplicity Of Ills business carGs nnd tho cx-
citcn,cnt uf his stock operations. takes time to
cxrlntn Mt length and in detulE Ills Views on
corporations atsd monopolcs. in reply tn tn-
torrn.atons rropoundcd him OIL taesn subjects,
Mr.. uutlli sud:
"As 10 rorlpurutians, let us consider, first Of
nll, w1,ht II corporation is. i corporation Is a
body Of licH whU urito, ass0clute. and cnnceh.
trHtu thclr rnpItaE ability. and Intelligence In
tho undertaking vi Il wUrk, yrcnt Or sulal, which
Mny ons pf them individually would bu t,nwlI'
ling 10 undertake.. It t1eru are osscs, thuy
nHsee lo hclr ench his proportion. II thru nre
profits,
THE AnIiEE TO DIVIDE TIlEM.
Tint Is Il corporation. There Is Just now great
onicry III this country aHMttiat corporations
VIC are told they arc obsaintty control; thut
th9y urG Eolsx 10 destroy tho country. Whut
"oaIa this cuu,try bc ir it were not for
corporationsf Who hnyc developed it? Cor.
Ilurtlio.s. Whn keep MI Its vast machinery III
1uottanf Corporations. Who tralIsuct tho must
rlarvclnls business tho world bus ever Bpcn?
Corporntlons.".
"i'nt, Str. Gould. thoy aay the corporations
ar, E"yolnlng t,o powerful"
''IfIr corporations aro powerful lccAuso tho
penpIu Mru powerful Corporate property was
Mcyer 80 widely sc,.ttcrcd Ut this country M It
In 1s'-tny. Sumo years ngo / controlled tho
Union rncllc ltailrond. 1 bought Its stock
whcn 1t WIS down GO Inv Tint Il
costl'f hurdIy' find a purchaser. 1t WIS
built mp. unl sold out Its Stockholders to-day
s1ro 9 TIC hnarsS Tnel0 shss hnSS ns
ng0
,tl. vASpEnn1t.r coSr,.oL1sp THE NEW
YORK; cESflI.a1.
1ie sod Il tarRo interest, which hns passed into
tic hnltls u ntl1cr cpple,-merchants farmers.
ttt5MEtltGt tU{nlHt1ilx, n1lL trust estates, Tflg
tvrr hnfnrr" ~ '''o""''"e'' % '"'a't 4''" 'N'''t
''Tllut,, In your npiuton, tho tendency In cor
pprntiol,s Is nut towarl the concentration uf
rFe stfrfs's 81 4 TIC an1Sd n ,Sd ss4s ,s no
1Mu1,lp nru every ycnr kptttux muro
md ,n.ro control, Corpotato property
nt tho Hartnrltlons In which | am interested,
Sx nSsks s s st s e stoek5oas,s M y ~ n ii5 s%5y
lH1t III t.cnrty every country In E,tropc.
WHEY yn, tt,r r,t i :. ro,,rot,.rtox
Wheh yni 10 A'lrlh'nE 70 injilro 1t. yuu ut ana
ynl ,njhfo 1ho"sahaA o! leoF!o all oFer ahe
".fmi o. IL; .-,,
v ~, ~. s ',,[;nn. ~ W ;hn'r. u tfs u,
no ulu uyurytlljnv Tint prutiiiscs Il urot!t. Fur
inc business prs.aussca II very great fascination
tel!nvu n ttils c,'l,uiry: h ID FUTURE. nasH
otcss "a" reso,,rrcs i I" us. tno IS sax mt''st et
iso lit ] alosi @ .verSthIns @ tat @ pruu,isos % re;ars,,
nateiy, i' ~ '"''' '~~''" '''' '0'7'' '''''
! ~ NOT AlWArs SUCCEED
tnavc oeGn ~ acure u MailaTcM epeentations,
hm so "e; ''; o';ii s1;rs nT s"on Gs H., "s ~ ~ wo
enterprise. It u VERY narl 20 leave II:
u HiFa y0ft m t!lslStrutlnn: l efd9tlyorea
se,, H.. 1s ~ III T.. % ,1i,n, hH , uo'pro n, ' ~
Why's Gcpactl ino 10 rca,aa. in Ill snosc grent
i,s ttrH nf fu,af,rAa "
80 "'' - s;,'1', wr A,.r All, SLAVES
and the man vino owns *I,ooo, ,ou y tho proatest
SS'o a Fl IL savf h"g III bea sssTp nt e "a w Mgr g.
u Nun WIN Vt ono tina WIS hltnsrlf million
l'n, sr. do,,lti. eorp',ft!eus arc. it is sala,
"Thea tho sla"ssr /" "!ir institutions comss
ir.,sl Tho nGoplH themselves ~ have pointed
t"uycr Wien tic ' cun,.try III .' sn., be a contiis s
m"oy Ia. .I ay. hi. ' &c y sppns" tha. a 'i i Is
Invesled in ono corporation, or ovon in i dozon7
III" "'.rv ", p,ss.',ae' '.1s s'., :" u" nu ,s ,,oxs
, az ElSASc!Al. TsASsAcIloSs.
wish one sr ,ias'' " a's!,, t',t viii tlSssand: H.
ANY INN to,day Gun lIuy anythng huvc 4ot."
"l'at @ ! ynu 1istMss ;,!,,t ~ pris1t o,, a,r,o,
,'r.,.,:..a ,"rlns. ~ n,, ,,.,, r,u,, 1v.,, a,ao.
woIi ssnst il, NJ ik % ,S In eor T WI stfSst rect
Gun govern it. It is ttM h!g,, tan vnst: M
nun nuRnt 70 tttutnri II. Will street Is fulio
@ wv t' '.rs - III r. ,., @ a"s, ~ W., w'en W
tiie w,.vo 70 nf speculation. ur whntuyr you pisasU
IL tmli it, m ru,1,n lin t,;t t,,, in nttnut In Ill
recti,n ind G.,t,trni wOn he ~ Will rs to try 10
t,rn Eurk tho At,nntlc, Wall street IL tic urel,u
ju wt,it.h "
~ "A'e .
TUE a'ost HsiaNu hAS
Of tho eontnent s!,s greatest spes.,lators of
p"palation@ p @ of D0l1gn ~ Of ncnple. tug maturity
lutor. intgt. M ono mun cln Ht.vte. II ur
thenl. lln wh0 tries It ID lost. Public
opinion md tho nowslaImrs. which Il! y Ercnt
nxto't ia tun!!a "pnah, mummy ln1tialiat
lid Tires ..nrtls of whit yus, hr"r IL n,,r,, ~
I,nnt.U. WaIi str,u.t IN tho 'm,sinrss
ham,netcr Ut ihn cnuntry' md lIuf
univ ~ fhIs rnntr% int or fh ,ynr1d Il, M fmr
~ ,,,r tns Mil i,,n rriniinns ~ III" ,snr;
"ro M ~ H., ,nr,I.,wmtis|'t " e ''S'Sa ~ '''o "'s'o
spcaki,sx uf
r.'t. ap'"~s ..n~so,,,,,r,,v " ,v r,,, r,., vo, m.
THE CoNso!lnAElhN W THE IE1EdHAFH
COMPANIES,
Mr. Gould sai,l: "upum Investigation Of tho
wfolu sutjcui W. fnunl that wo could
nut In tho unsl stnntl thu roi,.
rettto13, with uur limited FeryCt,.
tH f,iJ;h tint wa ,yere lpytu nlJ,,ist M lnlth