The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-03-30

W W y ~ NHH 49, "
Tho public suppoied he had placed that
stolk In the market at par, and In admire
tion cried out, Mn, GouLp has made tS,bOOr
900 ON the Missouri Pacific but tho fact OF
his being possessed Of this stock intact, APP
parcntly, shows that the market did not
take II, and hence II represents only the
amount Of original purchase, $1,000, 600
While the third item Of Manhattan stock
il not given, II may be assumed to have
been counted at ti3,0oo,O0O, as that is the
full amount Of the original stock, and was
bought within the past few months for
n song 1t is reasonable to suppose THAT
he holds the whole of this stock. NOW,
| what is Manhattan? Simply n leasehold'
and nothing more, on two elevated rail-
| ways in the city of New York. The New
York and Metropolitan Companies, which
the Manhattan corporations leased, re-
ceived for stock issued by the Manhattan
Company SO, 500, 1000 to each as n consldera'
ton and a guarantee to the lessons OF IL
per cent. on their capital stock. TINS
Manhattan stock, therefore, is pure water,
representing no capital, but simply two
leases, and, as it could not pay expenses
and the 10 per cent. dividend guaranteed &c
the lessons. and was also behind in taxes
and other debt, it was proceeded against by
the Attorney-Gener of the State in
q suit for bankruptcy, and the
af6dayits of Mr.. GOULD ano
others were industriously used tc
show that it was .hOpelessly insolven'
This leaves the fourth count Of Wabash
stock, amounting to about s. 100000, which
at SO cents, its quotable value yesterday
amounts to So, sc 5000, reducing the esti'
mate of 1858, (, 1000 in the aggregate to the
fair .ppraisement of $o,175,oO Which
shows a discount on the whole amount o.
$43, S25, 900 on the grand exhibition OF per
sonal wealth." These figures show con
clusiyely that when Mr.. GOULD made hi
last play he opened the window for exceed
ingly dangerous shafts of criticism. Hi
immense wealth is dwarted by a rationa
ANALYSIS to about $9,000,0 900, with the.ques
ton still an open one whether even thu
amount is his own individually, or as @
depositary, or for investment, or for loans
A question which the public are not permit
ted to solve. But two very rational anc
simple conclusions present themselves. Tht
first of these is that so shrewd a man a.
GOULD would never submit securities neml'
nally worth $50, 100000 but in reality worth
50, OoO, 900 to an intelligent public's inspec
ton, unless to bolster up his credit anc
maintain his position in the world OF specu
lation. But then, secondly, why shoulc
any man, particularly a cautions specu
lator, attempt to bolster up his credit, I'm
less there were real reasons therefor l
sound and solid, what man is goini
to the trouble to lay his private
affairs before the public? The whole
bushes, therefore, looks as if MIR. JA'
GOULD we're in trouble, and why shouldn'
he be? The universal history almost o
speculation is that those who, by chance
have amassed fortunes in a day, as quick!
lose them, and the history of Wal street i
filled with the failures of the mighty mil
lionaires, however brilliant, who, but al
hour before, might have We'd with prince
in splendor. We regret to see these lndica
tons of disturbance in the financial waters
and trust they may be free of any signif
canoe, but the failure of any prominent op
orator on Wall street at this time, is NOR
than likely to give the entire country trou