Memphis daily appeal. [volume] (Memphis, Tenn.) 1847-1886, 1884-01-25
JAY in HOT WATER.
Gonld Makes Another Exhibit OF His
Securities to Convince New
York Banker of His
SOlvency, Which Is Dlstrustea In Wall
Street-What the Brokers
Say About 1t.

New YORK, January 23.-It was reported
on Wall street, yesterday, that Mr.. Gould
had again opened his strong box and ex-
hibited the securities which he owns, in
order to convince the Querulous not only
of his solvency, but also of his strong po-
sition. On the street it was generally be-
lieved, though it was commented upon as
rather curious that Mr.. Gould should
again adopt this method of silencing ira
ducers. 1t did very well in the spring
of 1882 for Mr.. Gould to exhibit
to Frank Work, Russell Sage, Cy-
rus w. Field and other gentlemen
of his wealth, but the brokeil thought
that to repeat this exhibition was a sign
rather of weakness than of strength.
After diligent inquiry, correspondent
learned that the present exhibit was not a
formal one like the first, made to a COM
mittee of prominent capitalists, but an off
hand exhibit made to one gentleman
The purpose, however, is the same as the
first eXhibit-to convince the beholder of
Mr. Gould s unassailable financial strength.
The gentleman, it was learned, who had
the pleasure of feasting his eye on Mr..
Gould's vast store of securities was Mr..
John 7. Terry, the banker. Mr.. Terry is
trustee of the Ed Morgan estate, and is
director in the Western Union and
personal friend of Mr.. Gould. Mr.. Terry
had left his Office for his home on the
Hudson, where the reporter called upon
him, but an intimate business associate
of his related the particulars of the ex-
hibit.
"Now, to think that SO big rumor
should flow from so simple Transaction"
he said. "For your personal satisfaction,
and to save you the trouble of inquiring
further,
Il WILL TELL YOU THE STORY.
Mr.. Terry on Friday was shown news
paper clipping, stating that Mr.. Gould had
been obliged to negotiate loan for e.
100000 sterling. Being a friend OF Mr..
Gould and desirous of affording such as
| sistance to him as he was in need of, Mr..
Terry proceeded to his office and showed
him the slip containing the account OF the
| reported loan. We'll, well, said Mr..
Gould, You are the sixth man who has
shown me that. 1 have not negotiated
such loan, and am in no need of money
Il am very glad to hear it, said Mr.. Terry.
4 wish, Mr.. Terry continued Mr. Gould,
that you would take a look into
my vault and see for yourself
that l am in no need OF pecuniary
assistance just yet. Here, George turn
| ing to his son, George J. Gould, put on
and let him examine our securities
why. Mr.. Could protested Mr.. Terry, 4
| don't ask or wish to do that; l am entirely
satisfied But insist said Mr.. Gould
| i want you to see our vault anyhow By
| this time George had his coat and hat on
and was dragging Mr.. Terry out of the
office. BIr. Gould has large private
| vault in the Equitable building, and there
it was that George conducted Mr.. Terry.
''THE VAULT WAS OPENED
and the boxes taken out and the big pack
| age of securities exhibited, to Mr.. Terry's
| surprise and satisfaction.ar -,
"What did AIr. Terry say?' asked the
reporter of his informant.
| .'Oh, that of course, l am not at liberty
| to state, but the securities he saw AMOUNT
| ed TO millions, millions, millions"
1t was impossible to ascertain thesexaet
amount of securities exhibited to Mr.
| Terry, as that gentleman was in honor
| bound not to mention the figures, but
| from the best sources attainable, it is as
certained that Mr.. Gould owns and holds
at least million shares of various kinds
| Of stocks and bonds. Mr. George Gould
was seen last eveningat his fathers house.
| 81 must ask Mr.. Could" was the reply,
and after an absence of several minues he
returned saying: "You had better see
| Mr.. Gould; L don't find Mr.. Gould, and of
| course don't like to talk about his busi-
ness"
"May deny this story on your author
| ity?" asked the reporter.
"No, will neither deny nor affirm it. l
won't say anything about it. Go and see
| Mr.. Terry" In obedience to this advice
| the reporter called on the gentleman indi-
Gated, who said:
II do not want my name mentioned in
connection with this matter which has the
| least significance. MIR. Gould wanted me
| to see his vault, which he considers very
| fine one, and so Friday | went down to
the Mutual Trust Company with George
Gould. l did not go to examine his securi-
ties at all, but
''sIMPLY TO SIZE THE VAULT,
which is indeed worth an inspection. 1t
| is at least ten feet square, and quite as
/ high, and has in it thirty openings for the
| deposit of securities. / only examined
| two of these, one of which contained
Western Union and the other Missouri
Pacific. 1 only counted the securities in
| one of them, and did this out of curiosity,
| because it contained Western Union. The
Syndicate of Liars" as they have been
| aptly called, had industriously circulated
the rumor that Mr.. Gould had parted with
ali of his Western Union stock, and-so /
| had little curiosity to see how much OF
| it he had"
"And how much did you find ?"
81 found S26, lS7 800 worth, with one
| half share over. In the other opening,
| which contained Missouri Pacific, l only
examined one package of the securities,
| but there were several other packages
| in it."
"How much was there in the package
| which you examined 2"
"I don't know eS city, but there was
over S10,000,000 worth, and there were
securities in all the other openings in the
vault, as | have said Talk about break
ing Jay Gould? They might as well try
| to break the universe
''Is there no way of Furnishing those
men that spread these lying reports?"
There ought to be, and think some of
them will be punished. A Chicago news
paper the other day had headline Jay
| Gould Bursted.' If was Mr.. Gould I'd
sue the paper for 81 900, 900, and there are
some of the New York papers that have
| had articles about Mr.. Gould clearly
| libelous if he chose to prosecute them.
BROKER LAST NIGHT SAID
that the following was a fair approxima-
stock: Western Union, 100000 shares;
Missouri Pacific, 100000 shares; Manhat-
tan, s., 900 shares; Wabash, 200, 900 shares;
miscellaneous, $4,000. Total, 1,OOO, 900
shares. Another rumor was circulated
yesterday by the syndicate, which has
been industriously endsaza-ing of late to
injure his credit. This report was to the
effect that the Mercantile Trust Company
had been obliged by the bank examiner
to call in certain loans mada to
Mr.. Gould, as ne was borrowing too
much money on Western Union.
Mr.. Fitzgerald, president of the Trust
Company, denied this, and said that the
last loan made to Mr.. Gould or to W. Z.
Connor & Co., was paid off on October
., 2Gth .st ic, :... s.d tn -. no money had been
loaned him since for the simple reason
that Mr.. GOULD GOULD obtain aii the money
that he needed elsewhere at lower rates
than the Trust Company was in the habit
of extending. The announcement in yes
terday's World that Mr. Gould proposed to
punish under the law those who are circu-
lating false rumors concerning him was the
talk of the street. The chief difficulty in
executing the law passed two years ago to
punish those spreading false reports for
the purpose of affecting the price of stocks
has been that only those
WHO COULD BE PROVEN
IN UEnowinulyn circniata STeh MINORS