Lancaster daily intelligencer. [volume] (Lancaster, Pa.) 1864-1928, 1882-09-25
GOULD'S GREAT SCHEME.
TRYING TO STRENGTHEN HIS POWER.
How He Attempted to Buy the Control
OF the Associated Pfoss-Neg0tla-
tions Which Were not Sue

into papers, this is the first authoritative
on the subject made by any
of the association and the public
concludes that the danger of his
success must be great to call forth such q
from the Herald and Times.
The story of Gould's campaign in news
paper fields is full of interest. When he
secured control of the paper founded by
Horace Greeley, most people supposed
that he only wanted an organ to help on
his stock jobbing schemes and had taken
the Tribune for that purpose. But this
was only one of his objects in becoming q
newspaper proprietor. A gentleman who
was intimately associated with Gould and
familiar with his plans told friend, as
long as two years ago, that the great am
bitiOn of the speculatOr was to control the
news service of the country, and to bring
this about he would become master of the
Western Union and the cable service and
finally of the associated press.
His ventures in the telegraph field have
been crowned with success and for time
equally good fortune was promised IN the
other direction. 1t was an easy thing to
follow the conquest of the Tribune with
that of tho World, which gave him two
out of the four members of the association
necessary for majority. The purchase
of the Express by Cyrus w. Field, whose
schemes harmOnized with his own, gave
him virtually control Of third paper and
made only ono more necessary. Naturally
Gould's first idea was to capture the Jour
nal Of Commerce. = venerable morning
newspaper, which many people outside of
New York never heard of, devoted to
financial and commercial matters and with
but small circulation, although enjoying o
large advertising patronage. The editor
and chief owner of this paper is David NJ.
Stone, a gentleman Of the old school with
some healthy ideas of stock jobbing and
monopolies. Gould approached him and
made liberal offer for the whole or q
controlling interest in the Journal Of Conn.,
merce. He was willing to pay good deal
more that the paper was worth, but Mr..
Stone quietly yet emphatically assured him
that he could not offer enough to buy it
and declined to discuss the matter further.
GOuld's next move was an attempt to
get hold of the Times. and the story OF
that venture is here told for the first time.
As is we'll known, q largo majority Of the
stock of that paper is held by Geo. Jones,
the rest belonging to the estate of the late
E. d. Morgan. One evening not long before
Mr.. Jones sailed from New York for his
last summer trip to Europe he was sitting
in his library, when a servant brought in
card bearing the name of Jay Gould.
The two men were acquaintances, but
their relations had never been intimate,
and Mr.. Jones was consequently not q
little curious as to tho motive for tho call.
His visitor did not long leave him in
doubt. After few remarks had passed
on different topics Gould suddenly said !:
"Mr. Jones, I have called hero this
evening to offer you one million dollars for
ono more than half Of the shares of the
New York 1lmes."
Mr.. Jones was naturally somewhat
startled, but he did not hesitate as to a
reply.
"Mr. Could" he said, "the New York
Times is not for sale and it will be impos.
sible for you to make such purchase"
Gould was evidently rather disconnected
by the promptness and pOsitiveness Of re-
fusal and turned the conversation in
another direction, but his mind was still
set Oh tho purchase and he presently re-
Cured to the suject with the insinuatipg
remark:
"Mr. Jones, if it is a mere question OF
terms there need be no trouble. will
givo you million and quarter dollars
for a controlling interest in the Times. u
This time Mr.. Jones was still more en-
pbatic and said:
"Mr. Gould, there is not money enough
in New York city to buy the Times, aud
there is no use talking about it."
Such a reply left no opening for making
further attempts at a bargain and after a
few remarks on other matters the would
be purchaser started to leave. But it still
semed impossible for him to give up the
project and, as the two stood in the hall
and Gould had his hand on the door knob,
he said:
"Mr. Jones. il the timo should ever
come when you should feel differently
about the matter We were speaking Of,
hope you will send mo word, and have
no doubt we can come to terms"
1t is hardly necessary to add that the
word has never been sent. GOuld's
failure with the Journal Of Commerce
| and the Times and the impOssibility OF
doing anything with the Herald left nc
other member of the association, except
tho Sun, but the aggressively hostile tone
| of that paper toward Gould pretty effectu
ally disposes Of the story that the arch
spcculatOr had captured Dana. For the
to be effectually blocked.
Fields Evening Paper Denies the story.
The Mal and Express, in an editorial
] article referring to the editorials in the
Herald and Times Saturday morning or
the relations of the press and the tele
graph company, says e.: We only propose
to speak definitely and authOritatively
for the Mail and Express. II the proprie-
tor of the Herald were in the city We
could and should satisfy him in fiyt
minutes that its assertion or reference that
MIR. Gould or any other man or set of mer
| outside of tho proprietorship of the Mai
| and Express has or have any sort Of con
troll over its course or policy is absolutely
false. As Mr.. Bennett is not here, We
will state for his information and for that
of the public that the statements, infer
ences and insinuatiOns In his paper this
morning to that effect are collectively aud
in detail absolutely false. Tho MaI an1
Exprcss is as free to oppose MIR. Gould ir
the associated press as the Herald is.
| SUNK AT SEA.
Collision Of steamships-Ths Passenger
| Rescued.
Captain Rogers, of the steamship LIE.
| pantO, which has arrived at New York
from Hull and Southampton, reports
September 81, ono p. M, during a thicl
fog, a steamer collided with US, crossing
our bows. We stoppel our engines AMI
sent out three boats. At II 80 p. M, tn.
boats of the Edam, three in all, arrived
alongside with the passenger and crew
at 11:4O ono If our own boats returned