Connecticut western news., 1883-02-21
JAY GOULD'S PLAN,
An Extensive Tour in the East Proposed His Interest in Certain Stocks and
 Opinion of the Market.

An interview with MT. Jay Gould is printed in the New York Times, in which he is reported as saying if his yacht is finished by next June he will probably sail month after. The yacht will ac. commodate party of twenty besides the crew. MT. Gould does not yet know who will accompany him. He will winter next year in the Mediterranean. His ob. ject is to visit the East and India, and his second winter will be passed in the latter country. He does not know how long he will be away, but has arranged his affairs so that everything will go or smoothly. Being asked if he thought his absence would have any effect on the stock market he said:
 "Not the slightest effect. I have not been an active operator in stocks for two years. I am interested in certain cor porations, and am contented with those. ''
 "Shall you take any active interest in the market or business affairs while on your trip?"
 "I do not propose to think of business while am away. I have put things in snug shape so that they will run along smoothly until my return"
 He was asked if he proposed to "get out" of Western Union, and said:
 "My interest in Western Union is sim ply as an investment. I never had an important voice in its control. Ex-Gov- ernor E. D. Morgan, Augustus Schell, Dr. Norvin Green aad Harrison Durkee have long been the controlling spirits of Western Union. Ex-Governor Morgan, who died lately, was the second stock holder in it. He told me Saturday, the last day that he was down town, that it was the soundest investment he could think of I was much saddened by the news of his death"
 "There is another story that you con- template taking control of Union Pacific again"
 q am director of the Union Pacific and I have @ moderate interest in it, which I do not expect to part with. The gentlemen who are managing Union Pa cific, Messrs. Dillon, Ames, and Atkins, are among the soundest practical busi- ness men we have, and I can suggest no improvement.
 "How do you regard the market?"
 'The outlook is good so far as the business of the country IS concerned. The exports are larger than the imports, and the balance of trade is running largely ill our favor, and likely to in, crease during the coming summer. The changes in the tariff and the effect on the commercial and manufacturing interests are unsettling. The action of the State Legislature adds something to this feel ing, but it is only ripple. The coun' try will go on and keep growing"
 "Do you fear disaster?"
 "No, I do not. The country is toe rich. I do not think there will be enough securities made in the next twelve months to supply the regular home demand. There are now less of the dividend-pay- ing stocks in Wall street than have ever known before. The securities are held for investment. The Government has been calling in its bonds and that money has gone intos .dividend-payine stocks and bonds."
 "How do you look upon American securities ?''
 "I regard them as the best we have"
 "And American railroads?"
 "The American railroads are equal tc the best roads in Europe, both in respect to equipment and superstructure, and arc built at less cost"
 "Do you think there is an excess o railroads ?"
 "I think percentage of the new roads are useless. Competing parallel roads are waste of capital. The majority O the roads, however, are pretty we'll situa ted and will pay"