National Republican. (Washington City (D.C.)) 1872-1888, 1884-02-01
ruD ,QUEEzn IN "v1LLARDs."
How Gould Corncrcd the street and Made
the Bears Suffer.
Nom ynrt SIM

How Gould Corncrcd the street ana Made
the Bears suffer.
Ncp Rors Sun
Wall street is famous for getting all sorts
Of queer stories, and one of the latest is that
Jay Gould's new deal in the ex-Villard stocks
was the result Of u tacit understanding boz
tween him and Mr.. r. J. Coolidge and Mr.
w. Endicott, ir. Tho former gentleman is
now president of tho Oregon Navigation COM
pany, and the latter president of the Oregon
Transcontinental They are also both of
them directors of the Chicago, Burlington and
Quincy Railroad company, which is the great
rate fighter of the northwest. MIR. Gould
know that he could not possibly sustain the
market in the face Of u western railroad war,
and the two above-named Yankee gentlemen
knew that he knew 1t. So when the Oregon
Iranscontinental came last week to tho point
Of being declared bankrupt they went
to MIR. Gould and asked his assistance, in ex-
change for their efforts TO settle tho North
western difficulties amicably. Could ofcourso,
Immediately grasped the situation, and with
the assistance Of Russell Sage and q few
other friends, who keep heavy banking
accounts for Just such emergencies, went
boldly into the new combination. He has no
more use for the stock of the Oregon Navign-
ton, Oregon Transcontinental. or Northern
Pacific than the SIN has for the stock Of the
Tribune or the ECening Post. But ho bought
these stocks for the sake of preventing u col
lapse in the general market (which would
have been sure to take place had the loans
OF the Oregon Trauscontinontal not been
made good on Saturday last and the col
laterals thrown upon the market. Apart
from that, he saw chance to squeeze the
shorts in these stocks and to mako q turn
tah MA ut nrtf tn
him for the outlay. He has SO far fully sue
ceeded in this new enterprise, and number
of bears, mostly alternating in Exchange
place, seem to have got severely hurt.
The story goes that Mr.. WocrishoetTer,
among them, was heavily short of the varions
ox-Nillard stocks, especially of the Oregon
Navigation Upon hearing on Saturday of the
difficulties the Oregon Transcontinental was
placed in, he sent Mr. knobloch to bid for
u large amount of stock, and offered rather
higher figures than Mr.. Gould did. But his
offer was refused and the stocks were sold to
Mr.. Gould's syndicate. On Monday, SO the
story continues the same Mr., Woerishocffer
offered 100000 to be let out of his short
contracts, but he received the answer that the
proper place to settle such things was on the
floor of the stock exchange, and 100000 is
said to have been the price he paid for the
stock wanted.
Jay Gould is not likely to lose anything by
tho transaction, while he is suro to make q
handsome thing out of rise in the general
market, and the consequent chance given to
| him to get rid of such stocks as he has got to
spare in his vaults. The only two questions
arising now are: (1) Whether Mr.. Coolidge
and Mr.. Endicott, as mere members of the
board of directors of the c. b. and O., can SO
influence the settlement of the Western rail-
road imbroglio as to satisfy Mr.. Gould, and
| (2) whether the directors Of the o. Il. had
/ ~ L g IT,. q
their assets at figures much below the mar
| ket price