Savannah morning news. [volume] (Savannah) 1868-1887, 1886-05-02
JAY GOULD's LITTLE PLAN.
An Interesting Little Episode in Raj
road Circles shortly to be Developed

An Interesting Little Episode I'm Rail-
road Circles shortly to be Developed.
NEW YORK, April 30.-An interesting
little railroad episode is shortly expected
in Wall street. Jay Gould, who has Of
late been shielding himself behind Vice
President Hoxle, of the Missouri Pacific
and bis son, George Gould, and caused il
to be reported that he is anxious to retire
from active railroad business as well as
from w all street speculation, is probably
as deep in mischief as be ever was before.
the Philadelphia Reconciliation Com
mlttee Of Texas and Pacific appear really
70 represent but one interest out of the
tive involved, and is absolutely controlled
by Gould. This interest is that of the
eastern division of the road alone. the
other four being the Rio Grande diy-
sion, the New Orleans and Pacific
division, the income bonds. and the
stock. Gould's plan, brought for
ward by the Philadel phia committee, is to
scale all the bonds in favor OF the east
ern division and TO force the stockholders
to give up three shares of the old stock
for one share Of the stock of the reor-
gained company. By that means the
present holders OF both bonds and stock
would be most successfully frozen out
Gould and his associates first bought the
AEAdo anu dCiuC ifOUl ION scott. III
consisted then of the eastern division
solely. Gould began at once to build the
other branches through construction COM
panies organized and managed by him
SELF Stocks and bonds we're issued on
these branches to the greatest possible
extent, and alter having marketed these
securities, and pocketed therefrom enor-
nous profits. Gould declared the lines ut
terly valueless, and tries now 70
! 6nnnpZn I'm he Sc
sue OF which he and bis associates are
alone responsible. The stock of the reor-
ganized company, which Will be secured,
II this squeezing process is successful. is
in all probability intended ultimately to
lind its way into the Missouri Pacific
treasury, which, Of course. means Gould's
! pocket. The road is the most imp0rtant
feeder of the Nilsson Pacific, in which ali
the southwestern interests OF Gould are
concentrated. The security holders.
however, intend making a hard tight for
| their rights, and they seem to be likely to
| receive the assistance OF MIR. Russell
| sage. q sage has large interest both
/ in the Missouri and in the Texas Pacific,
! but 1t does not seem to fl his bJOks 10 have
| one of his tin boxes cleaned out with the
/ distant prospect of something being add
/ ed 10 the contents of another. The fight
| bids fair TO be a lively one, and if the
/ average Wall street broker does not gain
anything by it, he Will at least have some
! fun.
since the beginning of tails year Wall
/ street affairs were only dull. but they be-
/ gin now to be dan gerOus. Wild fuctua.
tions are created for the securities OF very
| uncertain concerns. WoerisnOfer is
/ pushing the st. Louis and Texas bonds
and stocks almost as vigorously as he
/ pushed Denver and Rio Grande to SlI4 a
share, and tue lambs who bought saw it
subsequently, below $40 a snare. The
| Consolidated gas stock fell in three days
from ITO to % and mad only partial re.
covery. Ia the Richmond Terminal aud
Richmond and Danyiile stocks good deal
| OF mOnkeying is also noticeable. A sulky
| old Spectator who is constantly hang
ing over the tape of his brokers Office
saw the other dav the Richmond ana
West Point Terminal stock drop some 3
per cent. in less than three hours, and
cyuicaly remarked:
DO the Richmond and D. and Rich
mond and I. people want another suicide
| in handling their stock this way?
| Upon green member of the specula-
tive fraternity asking him what he meant
by another suicide, his answer was:
This valuable security gave the first
whack to poor old Wilcox, VINO shot him
self the other day"
A great deal of apparently-ind lgnant
talk has OF late been INDUCED in In regard
to weekly paper called I'O,cH 1o0icS,
which is weekly paper OF personalities
and which never pretended TO DC anything
else. A Young man of the name OF Paul
| Potter took some time ago editorial charge
! OF IL and published every week some very
lively paragraphs in regard TO the upper
tendom." Tue paper was freely bought
and seemed 10 amuse its readers, until a
! club grOwl was started that the paper
was an outrage on every decent member
OF society, and although 1t is probably
read as much as before, it is done on the
! SLY, for some OF the clu6s have
bcycotted IL and the sO-caled society
men and women pretend never to have
seen or heard or 1t. Toe cause OF all this
is, as usual, the hearty wish OF the news.
paper readers TO see other people black
| guarded, but not themselves, or any of
their friends. l took the trouble TO 20
through half dozen of the last issues OF
the paper, and found but one paragraph
which was pos lively Objectionable on ac-
count of its indecency, which was pali-
ated only by the fact that the paragraph
| was printed ia French, and that cOnse.
| qUently nine out OF ten readers did
not understand its meaning. Ia
most OF the other so.called spicy
squibs there was nothing offensive
except TO individuals TO whom alusiOn
has been made. But there is too much OF
the society protective humbuS going on
1 In the press OF New York. IL a barkeeper
q gambler or an actor gets into some d.
vOrce or q breach OF promise trouble
several columns about the affair appear
In almost every daily paper, but IL son
| OF Mr.. August Belmont gets into di-
vOrce scrape II Is kept out OF all the pa
pers by means OF occult influences. What
/ 1olCn Topics tries TO do Is TO pick up scam
I dals which are kept out Of other papers
aud some OF which prove 20 be but old
stories 10 those who know anything that is
going on. RIGOLo.
THEc line Of Cape Cod in some instances
has been greatly changed by the severe gales
Of the winter. a hill 80 feet high three miles
east OF Race Point, Provincetlwu, was wash
ed away and revealed the outline Of an an