St. Paul daily globe., 1888-07-30
WEALTH OF THE WIZARD.
Jay Gould Said to Be Preparing to
Divide His Fortune.
A CENTURY OF MILLIONS.
Wiseacres' Predictions as to How the
American Cresus Will Parcel
Out His Ducats.

NEW YORK, July 29.-A gentleman
who is intimately acquainted with Mr..
Gould, and frequently visits the great
magnate, said to-day: 81 have no
doubt of the truth Of the report that he
is to divide his property, and l expect
to see Mr.. Gould himself announce it in
day or two. 1t is fact that cannot
be questioned that Mr.. Gould has made
up his mind that his days of usefulness
in business are over, and he is glad to
throw up the sponge and leave the field
to other men. Since his ill-health Mr..
Gould frequently refers to the sudden
death of William FL. Vanderbilt, and in
his conversation he betrays fear that
his own life may be cut Off quite as sud-
denly. To his friends Mr.. Gould has
often said that Mr.. Vanderbilt's plan of
dividing his property before death met
his hearty appreciation, and he believed
ev cry rich man should do the same."j
''Is Mr.. Gould in imminent fear of
death?" asked the reporter.
sob, no." answered the broker. "but
he is too much of business man to take
any chances. He has the utmost conf
denee in his son George, and knows that
the young man is quite capable of car
ing for the bulk of the Gould fortune,
which he will receive. Hereafter the
Gould family will not figure as daring
spectators or projectors of new rail-
roads and great schemes. Their efforts
will be devoted to holding the immense
fortune which is now theirs. / under
stand that Mr.. Gould will make formal
announcement of his intentions in
short time"
Wall street brokers are figuring up
the extent of Mr.. Gould's wealth. 1t
was recalled that in July, 1882, when
the air was filled with rumOrs averse to
MIR. GOuld'S financial standing, he had
called into his office three well-known
gentlemen of thi scity and had exhibited
bonds, stocks and other securities stand
ing in his own name, the face value of
which was S52, ,000,0 900. Mr.. Gould's for
tune has enormously increased since six
years ago, and the general opinion
places his resources at 10000, 900. AS
nearly as can be estimated the amount
is distributed as follows:
Missouri Pacific securities. ..... S2O,OOO 600
Western Union Telegraph co.. 30,000,000
Manhattan Elevated II. r, co... 25,0OO,OOO
Union Pacific r. r. company. 100000
Iron Mountain r. r. company. 5000, 900
Texas Pacific r. r. company. 1000, 900
Government bonds ..... ....... 10,00O,000
miscellaneous and cash ....... 100000
Total al..............S 800, 900, 900
1t was conjectured among those who
are best acquainted with Mr.. Gould that
he will retain s5,00O.000 in cash for him.
self, in case Of necessity, while George
will get the bulk of the fortune. Just
how the money will be distributed was
figured out as follows:
Miss Helen Gould. $40, ,OO0, 900
Mrs. Jay Gould. ........... ...... 100000
George Gould. ...... ....... 50.000OO0
Edwin Gould. Observation-Disclosures. 10000, 600
Howard Gould Observation-Disclosures. 5000, 600
Mrs George Gould. ............. 1,000, 900
Miss Alice Could. .......... 5000, 900
jaw Gould 49,. ............... 5000, 900
Baby Kingdom Gould .......... 1000, 900
Relatives and public bequests... 100000
Total. .......... 100000. .O00
When this division is made MISS
Helen Gould, who is charming girl,
will be, in her own right. the wealthiest
young unmarried lady in the world.
Jay Gould does not repose the conf
dence in his second son, Eddie, that he
honors George with; but Eddie is a
smart youth. who can be expected to
double the amount his father pivps him