Watertown republican. [volume] (Watertown, Wis.) 1860-1906, 1888-03-28
COPPERED THE OLD MAN.
George and Eddie Gould Sell sShort' on
Papa's Stock

George and Eddie Gould Sell "ShOrt" on
Papa's Stock
New YORK, March 20.-The Times
this morning says there is lively row
in the Gould camp-a big row-a row
where names are being called and
threats INDUCED in. 1t was at the meet
ing of the Missouri Pacific railway direc-
tors held week ago to-day that this de-
lectable how'd-ye-do broke out. It was
rather hot at the start, but day by day
if has grown hotter and hotter, till now
the air in all the Gould headquarters is
loaded down with the smoke of denun-
Citations and the blazes of threatenings.
Wall Street has been filled with re-
ports, dated back long time, that the
Missouri Pacifc's dividend was about to
be materially reduced, and the belief
has grown continually stronger that the
reports of prospective reductions were
true. Yesterday out came the annual
reports of the roads in the Gould South
western, system, making it pretty
plain by their wretched show
ing that, reduced dividends or
not, there are lots of causes for worri-
ment among stockholders. This. report
in detail was before the meeting of di-
rectors at last Tuesdays meeting, and it
was good deal Of surprise to some of
those present. But establishment at the
bad showing did not prevent a prompt
motion from one of the directors to de-
clare the usual dividend at the rate of
per cent. George J. Gould objected.
The dividend ought to be reduced, he
said. Russell Sage insisted on the mo-
TONS passage. Young Mr.. Gould was
not to be put down. The motion was
laid on the table, it being agreed to let
Gould himself should be heard from.
Ever since the contingent anxious
have the old dividend paid have been
keeping the Western Union telegraph
wires hot between here and Florida,
urging Jay Gould to hasten home to
protect his properties, to keep faith with
stockholders, and to discipline his son.
The son, meantime, has taken palace
car and betaken himself in person to
Florida. kilograms are all well enough
in their way, but chat between father
and son, face to face, is likely to have
more influence upon the Missouri Pacific
magnate than the 400 words of protest
and entreaty that Russell Sage sent Con
a pass over the telegraph wires yester-
day.
Say those who are displeased with
George Gouild's determined stand for a
reduction of the dividend: "He has
lately been specializing on the bear side
of the stock market. He has sold Short
his fathers securities, and he needs a
reduction in the Missouri Pacific divi-
dend to help him get out even." These
charges against young Mr.. Gould are
followed with the naming Of stock brok-
ers' offices where he is declared to have
made his short contracts.
Another intimation that is abroad has
it that George Gould has a partner in
his bear speculations that partner being
his younger brother, known to Wall
Street fame as bad Boy Eddie"
There is nothing particularly novel in
Eddie Gould going short of papa
stocks; he has done it openly and his
father when asked about it, has seemed
to be rather proud as he met the ques-
ton with whispered 'and they do say
that the boy made money coppering
me. Now, do you really think he did %
In answer to the comments that have
| been made upon their stand against
more per cent. dividends, the junior
Goulds answer that the people who are
mad have got loaded down with stocks
| that they cannot sell, and now want to
misuse the Missouri Pacifcs finances to
| help them out. 1t certainly is an en-
tertaining situation from a Wall Street
point of view as it is from some other
| points of view And it's a lively task
| that Jay Gould will have to undertake
in settling things amicably all around.
However, there is some consolation for
| those outsiders, who being neither
"long' nor "short" of Gould stocks pin
| faith to that antique saw which says
| that when some folks fall out some other
folks may get their due.