News and citizen. [volume] (Morrisville, Vt. ;) 1881-current, 1883-03-08
TERMS $3.50.
JAY COULD'S PLAN.
An Extensive Tour in the East Proposed
His Interest in Certain S;Oc' and
Opinion of the Market.


An interview with Mr.. 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 II month after. The yacht will ac-
commodate party of twenty besides the
crew. Mr.. Gould does not yet know who
Will accompany him. He Will winter
next year in the Mediterranean. His OBJ
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 he away, but has arranged
his affairs so that everything will go on
smoothly. Being asked if he thought
his absence would have any effect on the
stock market he said:
"Not the slightest effect. have not
been IN active operator in stocks for two
yea ;. 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. L 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:
'NIy 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 ald Harrison Durkee
have long been the controlling spirits of
Western Union. Ex-Governor Morgan,
who died lately was the second stock
holder i'll it. He told me Saturday, the
last day that he was down town, that If
was the sOundest investment he could
think of. was much saddened by tire
news of his death.
"There is another story that you con-
template taking control of Union Pacific
again"
g am director of the Union Pacifr
and I have a moderate interest in it.
which do not expect to part with. Thy
gentlemen who are managing Union Pa
cifc, Messrs. Dillon, Ames, and Atkins.
are among the soundest practical busi-
ness men we have, and I can suggest nc
improvement. "
"How do you regard the market ?"
'"rhe 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 in 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 a ripple. The coun-
try VIII go on and keep GROWN"
Do yUu ie,1tr uIeasUer?'
"No. / do not The country is too
rich. 1 10 not think there will be enough.
secur.t ties made in the next twelve mo tLs
to supply the regular home demand.
There are now less of the dividend-pay-
ing stocks in Wall street than L have
ever known before. The securities are
held for investment. The Government
has been calling in its bonds and that
money has gone intoss.dividend-paylng
stocks and bonds.
"How do you look upon American
securities ?"
81 regard them as the best we have.
"And American railroads?
"The American railroads are equal to
the best roads in Europe, both in respect
to equipment and superstructure, and are
built at less cost"
"Do You think there is an excess OF
railroads ?"
81 think percentage of the new roads
are useless. Competing parallel roads
are waste of capital. The majority OF
the roads, however, are pretty well situa-
ted and will pay"