Knoxville daily chronicle. [volume] (Knoxville, Tenn.) 1870-1882, 1882-03-19
FABULOUS WEALTH.
An Exhibit Made by Jay Gould to the
Doubling Thomases Of Wall Street
Russell Sage AstOunded.

An Exhibit Made by Jay Gould to the
Doubling Thomases Of Wall Street
Russell Sage Astounded.
Special Dispatch to the Globe-Democrat
New YORK, March 13.-Jay Gould's
wealth was the talk of Wall street to-
day. It has been reported frequent
ly, of late, that Mr.. Gould was sell
ing &ock largely, and it has even
been said by some persons in the
street that he was compelled to be-
come a large seller because of his ur
gent need of ready money. These
damaging rumors, it is generally UNI
derstood, where brought to MIR.
,Gould's attention on Saturday by
come of his friends. Mr.. Gould was,
of course, put upon his mettle, and
this morning he invited to his office
Russell Sage, Cyrus W. Field, Frank
Work and one or two others, and
asked them to examine the contents
of few packages of stocks for which
he had sent to the Trust Company.
The packages were ell labelled with
a schedule of the stocks and amounts.
1t is reported Mr.. Field expressed a
willingness TO accept Mr.. Goulds
word as to the amount, but Mr.. Sage
exclaimed, with an air of excitement,
mo, no: if am to examine these, I
propose to do so thoroughly" The
packages were then opened and ex-
ahmed. They contained the enor-
nous sum of $50, 100000 of stock at
their face value In them were $685.
100000, of Western Union Telegraph
and $12 100000 of Missouri Pacific
RAILROAD STOCK.
None of these certificates were in
dorsed by Mr.. Gould they were the
original certificates issued to him by
the present companies The rest of
the total amout was made up of Man
haitian Railway stock of the different
classes and of Wabash stocks. Mr..
Sage talked rather freely about the
matter afterward, in his usual desui>
tory manner.
1T amazed me exceedingly" he
said. II told Mr. Gould on Satur-
day that persons were circulating
ugly stories about him, and he then
assured me that there was no foun-
dation for the report that he was
selling his Western Union and Mis-
souri, Pacific. He told me that he
held S20,000,000 of Western Union.
I had supposed that he might have
about half that amount, and conse-
quently accepted the assertion with
a little grain of salt. He sent for
me this morning. l didn't know
what he wanted. l went in, and
there were several persons there, and
Mr.. Gould asked us to LOOK at his
stocks. It was perfectly amazing.
Why, there were 100000 more of
Western Union that he had told me
about. I was particularly interested
in Western Union and Missouri Pa
cifc, and there right before me were
the original certificates issued to him.
There is not an other man in United
States, except Mr.. Vanderbilt, who
could make such display of securi-
ties. There isn't one of the Astors
that can begin to show as much mon
ey as he (Gould) did. Those little
packages, tell you, would cover a
good deal of real estate. I didn't
dream of it. 1 knew he was a very
rich man. He is the richest man in
the United States except Vanderbilt.
Vanderbilt and Gould are working
together in order toprotect the stocks
in which they are interested, and all
the street stories about Gould selling
stock to Jim Keene, or having any,
thing to do with Keene, are pure
canards. Jim Keene is the most
treacherous man [ ever knew, and [
won't have anything to do with him.
There is only one end to which he
will come.
One of the bystanders remarked
that it had been reported that there
was great anxiety showned by the
men who had been permitted to gaze
upon the S53,000,OOO, in getting out
of the room.
Mr.. Sage laughed in reply and said,
"Well, we'll, that is about it, certains
ly. The fact is, we were all in great
hurry"