Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1886-11-08
TALK WITH Jay GOULD.

Business Looking Up, Better Men I'm
| The Place of Strikers, The Western
Unions Wonderful Facilities And
Western Workingmen Not Interested
I'm Henry George.
BosToN, Nov. THE Globe prints an in
| terview with Jay Gould in which he says:
There is a perceptible improvement at
every point in business. This is shown by the
immense railroad traffic, which has made a
tremendous gain during the past six months.
The West is looking we'll. immigration is
heavy from Europe and most of the new
rivals go West. I think the present
boom will last several years.
little effect. The strikes az they occur are
readily settled. I made careful study of the
shops of the Missouri Pacific and noted
change for the better in the personnel of the
men as a result Of the late strike. The ap
plications for the places of the discharged
men were SO numerous that the company had
the chance to pick just the kind
men are from New England and are
chiefly young and married. Traffic
over this road is limited only by its
facilities. The equipment is entirely made
quate for the business. Between four thou
sand and five thousand new freight cars have
been ordered, also one hundred and fifty pas
senger coaches and one hundred locomotives.
The contracts aggregate over s., 900, 900.
During the year some one thousand miles of
new road will have been added to the system |
and at the end of the year the capital of the |
per mile of road will be $12, 000
Other roads seem to be similarly pushed. |
Vice President Thomson of the Pennsylvania |
Central says they have not cars enough to |
handle the business offered and that he is |
pushed to his wits end to get enough cars to |
keep things moving and prevent a jam. |
The more 1 see of the Western Union the |
more 1 am impressed of the value of the |
property. 1t goes everywhere and its facili |
ties are equal to any requirement. I believe |
The public approves of our course in sus-
pending dividends and putting the plant in /
condition to maintain low rates. 1t shows
ts approval in raising the price of
he stock the company's position is
ess assailable than that of railroad. We
ire strengthening the plant by stringing the
copper wires in place of those now in use and
n other ways SO that we can do a great vol
lme of business at low rate and handle it
better than any competing line. l notice |
hat some of the stockholders of the French |
Cable company want the cable rate advanced
o twenty-fiv cents 1t won't be done
the Western Union can help it.
believe rates are down to stay
md that patronage can be increased and
ABILITIES improved to a point where business
will be as profitable at present rates as at old
'rices I am positive that year from now
TT income from cable business will be as
arge as before the reduction. We are get
ing our facilities into shape to meetany rush
hat NAV occur. There is nothing new in |
be telegraph situation. The status of he
ituation is unchanged. I place no impor-
ance whatever upon the late municipal con- |
sst. My observation in the West leads me
, believe that laboring men IS a rule took
o special interest in the candidacy of Mr..
laorpe IL