The new dominion. [volume] (Morgantown, W. Va.) 1876-1904, 1881-08-06
GOULD's MANY MILLIONS.


venture 10 say. hose WHO are HoSt
intimately acquainted with him--for
in business he is sphinx--assert
that he never refers to his earthly
POSSESSIONS. but nervousls Watches
the tape Us IL records the fluctuations
of the market, hesitating only to give
orders to his private broker to buy
or sell, as he deemed the time ripe
for his ventures. Every artifice
known to Wall street manipulators
is resorted to to hide the individual
ity of his operations, so as to circum-
vent the army of satellites who, clus-
Ter round this financial monarch, Gag
er TO do precisely as he does, hence
the outside world is kept greatly in
the dark as to his real speculative
movements. Universally recognized
as the supreme dictator of Wall
street, Mr.. Gould accepts this title,
and scarcely day passes that he
does not "turn an honest penny" thus
adding to his immense resources.
His real estate purchases have been
comparatively few, contrasted with
his reputed wealth, and comprises
three pieces--the two lots and new
buildings on Park row, estimated to
be worth 100000; his city resi-
dcnce on Fifth avenue and forty sew
enth street, valued at $4,000, and
his country seat at Irvington-on- the
Hudson, with an elegant conservas
tory and grounds, said to have cost
$3.50, 900, or q total real estate hold
ing Of 100000.
The great bulk of Jay Gould's
wealth, which has grown to such
mammoth proportions, is in stocks
and bonds of Railroad and Telegraph
Companies, the actual value of which
is governed entirely by the rise and
fall of the market daily. When the
terrible Black Friday panic cast
shadow Of depression over the com.
mercial world, Jay Gould, like thous-
ands of others, saw his fortune melt
away in single day, and for once he
was q comparatively poor man. With
an energy that yields to no disaster,
and pluck that always presages
success, he "pickcd his fints," and
promptly set about to retrieve the
losses his own fool hardness had
precipitated. All about him were
the wrecks Of those who had beer en-
quilted, so many of whom never came
to the surface again. Some went to
the mad house, many drifted into
ct 10 - n 1n1
their existence with a pistol or in
the waters that sweep along the city
front; but Gould ceased to repine,
and in a comparatively short time he
was himself again, and at the men
ton of his name Wall street trem.
bled.
Within q few years, however, he
has added very greatly to his wealth,
and transactions of millions of dol
lars have been made as though they
were ordinary orders for the necessa-
ries of life. His chief aim of late
has been consolidation, and by that
means he has acquired control. not
only of the railroad, but the telegraph
system of the continent.
For many years one of his chiefest
ambitions of life was to build up and
control a rans-continental trunk line
that wotlld extend from seabord to
seabord, and extend in it's ramifica-
lions across all the States and terri
tories. When he conceived this idea
he had as nucleus the Union Pa
cifc Road, extending from Omaha to
Ogden, where connection was made
with the Central Pacific, and each
dependent upon the other for the
movement of traffic. Gould secured
the Kansas Pacific, moved down up
on the St. Louis, Kansas City and
Northern, and followed by securing
the Wabash, which carried him as
far east as Toledo; Ohio. Later on
he received foothold in the Central
Railroad of New Jersey, and by judi
cious working arrangements he is in
possession of a chain of railroad
communication with mileage that
is greater than that controlled by any
other individual on the face of the
SioDC. l1C DCAt oCC HID INV tcN0iA
St. Louis, where he secured posses
sion of the Missouri Pacific, which
he purchased for 100000. To re-
alize handsomely OH this venture he
issued $4,000, 900 worth of stock,
$25, 100000 of which was water; put
It on the market, run it up, at par,
and pocketed a profit of between
100000 and $10,000,000 The st.
Louis, Iron Mountain and Southern
Road stood in the way Of his South
western calculations, and, comforting
with Hon. Thomas Allen, its Presi-
dent,h he drew his check for So, 900, 900,
secured control, and $4,000, 900 more
profit was placed to Gould's credit
He relieved the late Thomas Scott
of the Texas Pacific Road, drawing
his check on the Fourth National
Bank of this city for 81 900, 000, and
since that time, by pushing the price
of the stock up.he has grown $1,000
600 richer.
For long time Mr.. Gould waged
an unsuccessful war to secure con-
troll of the Western Union Telegraph
Company, but Wm. n. VanderbiIt's
holding kept him out. Gould secur-
ed control of the Atlantic and Pa