The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1883-09-20
JAY GoULD's CAREER.
~ narrated by Himself before N. e..
ate lommtttef


A. Narrated by Him.egI before N. s...
ate domm,ttet,
= II was born in Roxbnry. Delaware o.
n y, on May "a, 1886 Nv parents lad
asmail tarm and kept twenty COWS. which
! assisted ~ attending. aitendsa school
!, about fifteen mlles distant, aud nhen |
sas IA ! went into the sllAga a,or.. | ~a.
much interested In ma,hcmaiirs ns,i
70 get MP at . in the morning and study
sili the store was opened. | stayed IN lLs
store two years, when made the scqualnt.
anee OF man IN Ulster county Who was
making map Of that county, aud having
taste Tor surveying, ! went and offered
my assistance ! was engaged az $40 .
m, nth, but my work proved so unsatisfAc.
tory hat my employer told me tho work
/ perform. ID was silly lot OF stun. Az.
ter that ha.. not the heart to ask anyone
TO give me . inner. finally won't TO .
quiet place, where nobody could see me.
aud had a good cry. then wen. TO my
sisters house. where ", mt up stairs and
prayed, after which felt .Hetlcr. After
that l resolved not 10 10 20 b, 'me again.
but TO go ahead and die in the las ditch.
returned to my task Of completing tho
map. / learned that my employers cre,.s
II was not good, and that would get no
money until the map was finished. so had
to make sun dials for farmers at 81 apiece
to defray my expenses. ! made surveys
afterward OF Delaware and Albany counties
on my own account. and made in these
contracts about $4,000. my first capital
II then went into the tannery business
with Mr.. Pratt OF Prattsyile, and finally
entered into partnership with Mr.. Charles
W. Leupp, who committed suicide. Tho
first railway with which had any con.
nection, was a portion OF the Rensselaer, Il
Saratoga.
AFTER the panic Of 1867 came to New
YORK, and. owing to the depreciation Of
values in property. was able to buy On
credit the bonds OF the Rutland aud Wash.
ngton railroad at ten cents on the dollar.
took charge Of the road, and was the
president. treasurer aud general manager
conducted tho road until its consolida.
ion with the Rensselaer, 4 Saratoga road
When was able to sell out my interest
i large profit. Subsequently, took u
friends stock in the Cleveland Il
'ittsburg road, and held it iii / was able
0 sell at advantage became large
wner in the Union Pacific stock In conse.
uence OF misunderstanding with parties
aud also owing to the Illness Of
ar Horace u. Clark in Chicago Tho
DAD was then in bad way. the stock gong
own to 10 and the only thing could do TO
ave myself was to hold on to what r had
nile at the same time still kept buy.
49, l made up my mind to stick to the
Dad and build ii up, and perseycred til
at last paid dividends. Before it became
success great clamor arose that it was
ay dould's road. As though that was
thing, then thought IL was
est to bow to public opinion, and took
'ery opportunity to place the stock OF tho
'ad in tho hands Of in, estors.
"On the completion OF this system, F" he
I'd, "the time had passed when money.
aking was an object, and my aim was
ereiy TO see what could be done by com.
nations. My lines now spread through
bio, Illinois, Indiana, Michigan, Mis-.
uri, Indian Territory, Texas, Louisians
d Mexico The earnings OF these lines
len took possession, was about So.
Y per mouth. The earnings for the past
ontb were S5.500.0O0
witness said that be was director OF
Chicago and Northwestern, the Rocl
and, Delaware, Lacawanna and Western
w York and New England aud several
a'ler lines. He had become largely in-
ested IN the telegraph, because OF the
innate connection between 1t and the
iway. He was instrumental In starting
American Union company. He found
to be impossible to compete with the
stern Union, on. account Of the latter's
ITEM. He then turned his attention 10
ting hold Of Western Union, which he
by buying the stock when IL was low.
was continually increasing his holdings
the stock. His object in getting the
stern Union was 10 make his friend,
D. Eckert, manager because OF his bnsi.
. ability.