Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1890-05-19
HUNTINGTON AND WILLARD,
Jay Gould is Said to Have Been Caught
Mapping.


Jay Gould is Said to Have Been Caught
Mapping.
New YORK, May 1Sth.-The Times saws
Jay Gould interested Wall street connie
of years ago by electing his son George
President of the Pacific Mail Steamship
Company, and abounding tales then ran
merrily around promising wonderful de-
velopments in the company's affairs.
The company's past was to be trifie
only compared with the new glories and
new profits that the Gould regime assured,
but somehow or other the predicted for.
tunes failed to come. Pacific Mail stock
was up around $50 a share in the stock
market then. 1t has been down in the
neighborhood of $50 share since.
1t is under the circum mstaDces, therefore.
hardly surprising that some OF the big
stockholders, whose original investment
was good deal beyond the present market
values, have lately dropped little of the
element of reverence out of their disposi.
tions. Young George Gould now appears
to them slightly less important parsonage
than he seemed when his father was star
ring him twenty-four months ago.
Mutterings of accumulating wrath on
this score have been long heard in Wall
street. 1t was not till yesterday. however,
that outsiders were able to discover that
the anti-Gould contingent intended to back
its talk up with acts, but they do. George
Gould is to be retired from the Presidency
of the Pacific Mail Company. c. Hunt
Ington is TO be the company's controller
and Henry Willard is allied with him.
1t is stated with what is practically Off
cial authority that the majority OF the
company's capital stock has already been
put into the names of Huntington and
Willard or their representatives. This con-
templates one of the most important deals
of recent years in the financial world
Jay Gould and his friends are said to
have been caught mapping, never suspect
ing. that Huntington and Willard would
undertake to capture exclusive control of
the property. There have been few open
suggestions that either Huntington or Viii
lard was figuring actively in the matter.
Both have been much out OF town, appar-
emily devoting themselves to other bust.
ness.
George Gould was put into the Pacific
Mail Presidency largely through the work
OF one man, Henry Hart Everybody in
New York knows Henry Hart He is a
little fellow physically, but he's big finan-
clally. He has some millions of dollars
and wears old clothes. He owns a couple
of street railways and rides in cab.
1t was no fault of Henry Hart that the
Pacific Mail market values shrunk. He
played fair, and, in the feeling euphony of
these latter days, he was done up"
The shrin kage in quotations, it has been
estimated, represented an apparent loss on
Hart's Pacific Mail account approximating
81 ,0GO 0OO
Through Harris ministrations Willard
and Huntington, who have offices in the
same Wali-street building, were brought
together
The success of the anti Gould movement
will mean harmony between the immense
interests represented in the West, North
west and Southwest by Huntington and
Willard, enterprises never hitherto having
ANYTHING of consequence in common.
Both have much to gain through the new
deal. 1t is, of course, not proposed by
huntington to cut off the Pacific Mails
important San Francisco connections, but
there is special interest in the concessions
that it is declared are to be made to Willard,
through the making of an additional Pa.
cific Mail port at Tacoma.
This means inestimable advantages and
benefits for Wizards Northern Pacific
properties. one of Mr.. Wizards friends de-
claring that the consummation of the deal
Will be the greatest accomplished in the
Northern Pacific's history, while it may be
fairly suspected that Huntington would
not be taking anv hand in it unless be saw
points on his side, too.
1t is predicted that Huptington's per.
sonal and business friend, Captain John
Mclaughlin, of the Brazilian line of
steamers, will be elected President of the
Pacific Mail Company at the coming an.
nual election ten days hence.