Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1886-12-10
GOULD ON GRESHAM.
THE MILLIONAIRE SAYS THE WABASH
CHARGES ARE BASELESS.
He Says Judge Gresham Has the Presidential Fever
And is DenOuncing Him Pur fset-Goalds
Outrageous AsthOds-E1citsnsnt In
Wall Street

NEW YORK, December GA reporter
has finally succeeded in interviewing Jay
Gould in regard to decision Of Judge Gres-
ham. II meyer met Judge Gresham"
suid Mr.. Gould, ''and know little about
him. Some of the Wabash bondholders
were here yesterday, and from what they
have told me about him think he must
be suffering from q severe attack of the
Presidential fever. 1t isa terrible disease,
and when man is fully under its sway
he will do most anything Mr.. Thurman,
you remember, had bad case at one time
The road to the White House begins at
the abuse Of Gould and Sage. 1t dosen't
cost much to call us names, and these men
with political aspirations think that it
has great weight with the people. In their
opinion, apparently, abuse of ME is the
first step toward the Presidency. From
what hear, think Judge Gresham's
opinion in the Wabash case was owing to
the buzzing of the bee in the bonnet. But
the charges against me are wholly without
foundation. Judge Gresham lays great
stress upon the fact that l was interested
in the Ellsworth Coal Company, and on it
he bases the charge that we ought to bene-
fit that company at the expense of the
Wabash. have done precisely the same
thing on the Missouria Pacific, and shall
do it again whenever l have the opportu-
nifty.
/ when / entered upon the control of
the Missouri Pacific the company was OBJ
and one Of the first things | did was to
secure coal in our own territory, the re-
suit has been the company gets its fuel at
about half the price it formerly paid, while
the business that has been developed
brings us in q revenue of million and o
half dollars year. That is precisely the
case on the Wabash. The company was
paying 81. IS ton for its coal, and it gets
it now for less than dollar on account of
the development of mines in its own ter
ritory. | promoted the Ellsworth Coal
Company, but have had no interest in it
for some time. The price Of coal was not
only reduced, but, as in the case Of the
Missouri Pacific, the traffic that resulted
from the development of the mines in
creased the earning power Of the road. AS
l said, the decision is based on something
besides the facts, and probably on the po-
litical ambition of the Judge am not
concerned about the charges against me
because know they are baseless.
In reply to an inquiry whether the de-
cision would interrupt the reorganization
scheme of the Wabash Company, Mr..
Gould said simply: ut rather mixes
things up"
| sASToNISHMENT IN WALL STREET.
The Times to-day says: Wall street has
had no news for many a day-saye only
the announcements that have led TO dis
aster OF developments suddenly whirling
the stock market upward-in which so
much interest has been manifested as is
shown in the decision of Judge Gres ham;
of Illinois, in the Wabash receiver
ship case. Such bold words rs
Judge Gresham used are not often heard
from the bench in these days. At one
blow he knocks out one of the wickedest
pieces of scheming and chicanery that
this country has ever known in all its
long line of corporation corruptions. A
black eye for Jay Gould, a kicking for
Gould's dependents out of official place, a
scathing rebuke to Gould methods, check
to an almost imitiable plan of rascality
and robhery-this, from the bench, has
seemed sufficient even for wonderment in
| Wall street, where all theories are based on
the idea that the little man" owns courts
and has sort of vested right in every
thing that pertains to judges and judg-
ments.
Bnt there was not more wOnderment than
admiration. Judge Gresham's independ-
ence was everywhere applauded, outside
of the circle where Gould defendants sing
| forever the endless song of their masters s
praises. The story of the Wabash receiv-
ership has long been a byword in Wall
street, The receivers have been Gould
men for years. One was his lawyer; one
has been his fgurehead in a dozen cases.
Gould, among kindred clever men, was
everywhere applauded when it came about
that he had been able to manipulate things
as to keep the bankrupt Wabash system in
his own hands, "for the protection" OF
security holders ''Protection''-this was
the courts phrase Jay Gould's men
wasted no time in hurrying to make plain
the cynical humor it.
A STORMY MEETING AND THE RESULT.
1t is not so long ago-only month OF
two-since meeting Of Wabash security
holders was held in this city; it was stormy
to the point of disorder. There were those
present owning Wabash securities who
seemed alive to the situation. Gould was
then savagly denounced. On all sides
was dissatisfaction, distrust and denuncia-
ton. None, though, seemed to know just
how or where to turn TO get relief. But
their auandary was not shared by another
part of the company's security owners.
They decided on something more than
words and wailings. They hired lawyer;
they went searching for an honest
Judge. Fortunate in getting Henry
Crawford, of Chicago, as attorney 70
champion their cause, they were in equal
good luck in finding the chance to get a
hearing before Judge Gresham. Henry
Crawford, still young man, is rapidly be
coming the foremost railroad lawyer in
lut WIS., AS - Ahahlbk ANSoAN cS'NS@1
paralleled in winning cases. Judge Gres-
ham, before this case came before him,
had been given an official experience In
which the audacity and double-dealing OF
Gouldism had been openly fouted before
him. Thus it was told that the aggrieved
security holders were sure not only of an
able championship, but sure, as well, oi
a full and honest hearing. That they
needed no more is amply shown by the
peremptory decree, after the trial, that
bondholders have rights and that Gould's
men must 20. All this was what men in
terested in the affairs recited to one an
other, declaring their gladness in the
result as told in the Chicago dispatches.
EXPECT OF THE DECISION.
The decision will 90 far, so those who
discussed it agreed, TO give the investors a
confidence that lately it has been impos
sible TO cultivate. In this decision, 50 th'
general comment runs, clear and positive
notice is served on stockholders and rail
road wreckers that, after all, the men WHIT