The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1883-04-19
aooDBrn GOULD.
FL aesla ESQ = ns.... 80 )

Jay GoGla Gosag % Retire Fram Active
ST. L0uLs. April IA new York
correspondent telegraphs lEls Following
from the New York Times: Jay Gould
has declared TO his near friends his in
tention 70 retire from his active business
life on the compietion OF his steam
yacht. the Atlanta. bails for his project.
ed tour around the world. His son, Nj.
George J. Gould. young man Of 2s, Is
to take his place as Spectator, and Mr..
Gould himself viii lead Z private life.
Ar. G0uldis foztune Is carefully estima-
ted In round numbers at 500 COZ, 600, Of
which eS0.eG0.OO0 is in the stock Of the
Western Unio1 Telegraph Co, end
~, 00o, 600 IN the stock Of the Missouri
Pacific +. e. company. In real estate he
has never put much money, considexinR
The size Of his fortune. His investment
in this kind Of property altogether
amounts 20 about 5000, 600. The re-
mainder Of his wealth il In securities,
mainlY In the shape Of the beads Of diff
large deal, In speculative pariance, re-
mains To be consummated previous to
his retirement, and that Is from the ac-
count given, the proposed alliance be-
tween his Southwestern system Of rail-
roads and the East Tennessee, Virginia
and Georgia system and other
tributaries Except Ia his special
ties, those In his confidence say
be has not dealt actively In
stocks for two years. Mr. Gould ex.
peeled 70 leave on his southwestern
trip, in company with Russell Sage and
A. L. Hopkins, yesterday morning, but
business kept him In New York and his
| plan is 70 90 Tomorrow. BE Wes at his
| Washington E. Conner, who has long
been his business manager. last night
said that Mr.. Gould's affairs were in
such shape that they could be closed
| up in twenty four hours The work
to be done merely required time. It
Wgg all mapped out and only await
| ed the course of events. Mr. Gould
Was Q thoroughly domestic man.
\ Nothing afforded him so much pleasure
as to be with his family. His children,
six in number, of whom his son George
wes the oldest, were growing up, and
the attention he would devote to them
would occupy his mind. Ar. Conner
paid high tribute to the son whom Mr.
| GouId hsd chosen to succeed him. He
said he frequently took charge OF the
workings Of the stock. He selected his
I own brokers and sent out his own or.
ders. He enjoyed speculation, and what
was more, was successful. Speaking OF
him personally, Mr.. Conner said he was
. person OF even disposition. kind
| and courteous. There we're very
few young men, the sons Of
wealthy parents, who showed such good
traits and had 30 many friends. 10 con-
sequence there was no false pride in
him, but, on the contrary, he was quite
democratic in his ideas and ways
When told of ihe belief in some quar-
tiers that Mr.. Gould would not start or
trip around the world at sill, Mr. Con
nor laughed at the scepticism. He said
that Mr.. Gould might not go as soon rs
he had ct first intended, but that would
be because his yacht would not b
ready. He would probably cruise about
i New York for Q time, and might star
across the ocean any time from August
TO October. Very likely 1t might be tbs
latter month, as the weather and sailing
would be pleasant here until the enc
Of that time Mr.. Gould knew from hi
past experience that there could be
lkmaFket without his presence. 81,
believed thst there was going to bel
big bull market. He always had tn,
foresight to see when things were goini
too far, and never allowed his bull idea
70 overthrow his judgment. WheI
Mr.. Gould was asked two months az,
about his prospective tour, and If b.
| was going TO retire permanently iron
business, he said: I" I am going to tr-
q little pay. did not have an oppof
tunity when was young, and I mus
do my playing later in life. II I like
may keep IL up" Hr. Gould IL
years Of age.