The Greenville times. [volume] (Greenville, Miss.) 1868-1917, 1890-11-29
IHE WIElRD OF VAIL srKEEr.

New 10rk, Nov. IA morning
paper SAYS: Jay Gould is again the
master sDiFit in Wall street The re-
cent events in the great speculative
eenters have revealed his unmistakable
presence and influence there.
When Gould was the leading opera
tor IN stocks. the most active period
Of speculation prevailed that was ever
known in the stock market Whether
bis temperance in the street means
another great speculative epoch is at
hand time alone eau determine.
Professional operators and brokers
ike to see speculation In full swing.
The first then have an opportunity to
pick up profits in the changes in values,
and the last to pick up commissions
for buying and selling for the opera
| tors.
Mr.. Gould has paid out millions in
commissions TO brokers. He has not
made money in every transaction of
his in Wall street. If he had, the
wealth of the Indies could not COM
pare with his. He is, however, the
most successful speeulator in the histo-
ry Of the street, for the very good rea-
son that while operating he generally
has the stock market in his individual
control.
The principal reason for Mr.. Gould's
leaving Wall street was the state Of
his health. 1t became imperative that
he should have rest. lie built q mag
nificent steam yatch, the Atlanta, upon
which he spent much time. Made ex-
tensiye trips on the craft, which in-
cluded voyage across the ocean and
a visit to the Mediterranean and nu-
merous other European ports. lie
also used the yateh during the sum-
mer months in going between his sum-
mer place at lrvington on the Hudson
and New York. Most Of his time, in
fact, during the heated term, was spent
at Irvington.
When he left Wall street, be, OF
course, had colossal investments
These, even, he diminished to few
corporations Of which he was the prin.
cipal owner, Including the Western
Union Telegraph Company, the Mis-
souri, Pacific Railway system aud the
Manhattan Elevated Railway system
The active direction of his business In
the street was placed in the hands ol
his eldest son, George j. Gould, and
his personal attention was required h
very few matters. There Ia no doubt
that bis health was seriously impaired
but he vigorously followed the orders
of his physician with tho result thai
to-day he looks better than for twenty
five years.
The great financial depression thal
has prevailed, not only in America bu
the entire world, has brought tho val
ncs of corporate securities down to {
very low level. Mr.. Gould believes
that great profits will be made by thu
purchase of securities at the existing
prices, and his belief and his restore,
health arc the causes for his return Il
Wall street.
No individual in America has sucl
vast railroad interests as Mr.. Gould
Extensive as Is the Vanderbilt rail
road system, the Vanderbllts them
| selves have no control by actual own
ership of stock of the roads composing
Il. The late VIM. ii. Vanderbilt SAT-
that the only road of which he wa
solely owner was the Michigan Cen
tral. Gould owns In his individua
right the control of his Southwestern
system of railroads. With his assoc
ates he now has a voting control /
the Union Pacific, and the Brlce-Thom
as party will give away to him, as h
Is the heaviest stockholder Of that syn
dicate.
From reliable Information II
learned that Jay Gould has within
! week expended $lO0O0,000 In the pun
chase of stocks. His investment in th
stock of the Richmond Terminal alon
amounted to 81 100000. There is n
> telling to what length Mr.. Gould wi
: continue his purchases.
{ Mr.. Gould has evidently been &c
ting money together for some tim
past iu anticipation of his recent II
yestments. There have been repor
at different times within the pa
month that he was locking up none
TO influence the stock market. Thel
was mysterious Disappearance
funds from the banks, as shown by IL
Q weekly bank statement, and II Is NJ
}, unlikely that this money went
Q Goulds strong box.