The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-12-01
jays THANKSGIVING.
The Railroad Magnate Spends
it in Missionary Work.
HE FEELS GREATLY GRIEvED
Because of the Opposition to His
Scheme to Form a Great Railroad
Trust-Tryingt to Convert Pres
ident Cable Up hill Work.

New YoRK, Nov. 30.-Mr. Jay Goult
spent the greater part of his Thanksgiv
ing Day in missionary work. He de
voted two hours trying to convert Presi
dent r. r. Cable, OF the Chicago, Rock
Island & Pacific road, to belief in the
big railway trust by which it is proposed
to remedy all the evils and denoraliza.
ton that abound now in the shape oi
rate cutting wars. Mr.. Gould becomes
with each succeeding day more and
more enthusiastic bver his projected
trust and the possibilities Of it. He has
been deeply grieved over the cool recep-
tion of its promised benefits, however,
by the Rock Island people, upon whose
cooperation he depended from the
start. But when, few days ago, Presi-
dent Cable and other Western Directors
OF the Rock Island Company came to
New York they quickly made known
their non.acceptanCc OF the trust scheme.
1t was not practicable. There were fea.
lures in il that would prove obnoxious
to the public; it would conflict with the
law; It was numbered with too many
imperative details; it was pretentious
and beautiful in theory, but still altoge-
ther incapable OF working.
WHY MR. GOULD LABoRED.
1t was to overcome these objections,
if possible, that Mr.. Gould spent so
much of his time at the Windsor Hotel
yesterday in an animated discussion
with President Cable OF the trust pro-
posal in all its details. Mr.. Gould ar
gued with great earnestness. He showed
clearly his anxious interest in making
the trust experiment. One by one he
presented the schemes and details,
pointing out advantages that he dis
ccrned and emphasizing the corporation
danger and aiilictions now existing
which would by his plan be believed, ii
not wholly eradicated.
Mr.. Cable stated plainly the weakness
he saw in the proposition, and pointed
out objections that lie believed would be
raised by aHti-moa0Polists as Eallying
cries for furteer legislation adverse to
the railroads. He told Mr.. Gould frank.
ly that he was fur from convinced that
trust, such us is proposed, could be oper-
ated for any long time, or even, while
operated, be equal to the tasks prcscrib-
cd for il. When the two magnates part
ed, however, Mr., Gould was reassured
by receiving President Cables promise
to give the big project further considera.
ton with view to its acceptance and
Endorsement il possible.
One OF President Cables close friends,
speaking for him last night, said: "Mr.
Cable does not think the trust scheme
is us strong rs Mr.. Gould does. He
sees weak spots in it where it would be
attacked and overcome. Seeing these
vulnerable points so clearly, however,
he is equipped perhaps to provide rem:
edies aud furnish the very element Of
strength that now he sees are lack
ing. Itcan be .iairly said, l think, that
he is less opposed to the scheme than
he was before he listened to Mr.. Gould
thisaiternoon."
He and Mr.. Gould are TO confer again
tomorrow. Not in many years has Jay
Gould appeared so much in earnest over
any project as he is now over the per
Enting and carrying out OF this tremen-
duous railway trust. IIe believes that
with it he solves the whole railroad
problem, reieaving Il OF its vexations aud
complexities.