The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1882-03-25
THAT sSs 200, 900 OF SECURITIES.

The other morning we took occasion to
notice the rumorsas to G'ouLD's crippled
condition and the exhibition oil wealth and
intimatcd that the sign pointed rather
strongly to a pending panic. Since then
we notice that the same subject has been
attracting the attention and exciting
the comment of almost the entire press of
tho country particularly in moncycd cities.
There is to use "a common expression evil
IDENTIFY something In the wind" Why
GouLp exhibited his securities is still mys.
terry but there are many surmiscs as to the
cause. That back of the show and
dramatic effect there is. scheme
of some kind no one who knows Jay
GouLp for moment doubts. With all the
proverbial ingenuity and persistency of the
press, however, It has been impossible to
get into the back room and see Of just what
character the play really is. JAY GOULD is
very shrewd and keeps his own oounsels
and has made some remarkable moves and
won some very remarkable victories on the
political chcss.board, but II looks after all
as II this last act, the exhibition of his Sc.
curitics, were not going to help along his
cause any. There are thinking and wide
awake men in the United States by the
thousand, aside from Mr.. GouLp, and
such men are not stunned by the
denoucmcnts of even such spectac-
ular financial drama rs the public display
of SIS, 100000 worth of stocks. II Mr.. JAY
GouLp had pointed to S53,0oo 900 in cash or
real estate, the case would have been very
different The world, indeed. would have
stood aghast at man who could in few
years make half hundred millions of
money The press that Argus.cyed critic
and educator of the public, and indeed the
cautious men everywhere have been asking
themselves the question, since that bril-.
liant coup. dwil, ais this really wealth.
Ii SO, how much wealth ?" The
answer has been unfortunate for
Mn. GouLp. An intelligent con.
tribuior TO one of our exchanges has
been looking into the matter and under
his presentation of the case the many mill.
ions represented by these securities dwindlc
to but u very few when tho cash standard OF
value is applied to them. This intelligent
"lookcr on In Vienna" has this TO say,
which the reading public will readily re.
member and admit upon little reflection /.
"or Western Union Mr., GouLp sets out
So, 100000, $3.50 OF amount of watercd
stock, which, reduced to its proportion
of original stock, represents ut par only
ss,s75,00o. Next he sets out sl2,00o,00o of
Missouri Pacific In original shares uutrans.
fcrrcd. II will be remembered tina, when
Mr.. GouLp purchased the Missouri Pacific
railway, short time since, hc paid only
$500. 900 for It, and immediately stocked
II for sieooo,ooo and called the stock par,
The public supposed he had placed tina,
stock In the market at par, and In admira.
ton cried out, Mn. GouLp has made $500
900 ON the Missouri Pacific, but the fact Of
his being possessed of this stock intact, ap.
parcntly, shows that the market did not
take II, and hence IL represents only the
amount Of original purchase, $500 900.
While the third item Of Manhattan stock
Is not given, Il may be assumed TO have
been counted at $4,000 900, as that Is the
full amount Of the original stock, and was
bought within the past few months for
a song II Is reasonable to suppose that
he holds the whole o, this stock. Now,
what is .Manhattans- Simply = leasshold
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-
tcived for stock issued by the Manhattan
Company >o.Soc. 900 70 each as considers.
ton and guarantee 10 the lessons 81 10
per cent. on their capital stock. This
Nshss'su ssosi, therefore, is pure water