The times. [volume] (Richmond, Va.) 1890-1903, 1890-11-23
GOULD'S GIGANTIC SCHEME.
GREATEST UNDERTAKING EVER
KNOWN IN RAILROAD ANNALS.
Grand Railroad Trust Effected at Cost
Of About $4,000. 0.0OO-Rumors That He
is Also After the u. and O.-Funeral of
Colonel Beverly Kennon.
NEW YORK BUREAU.
RICHMOND DAILY TINES,

/
est undertaking ever known in railroad his
. tory. The last week has developed the fact
q that, directly or indirectly, MIR. Gould has
: practically come into possession OF four
o Of the most extensive railroad properties
d whose stocks have been for sale in Wall
a street: the Union Pacific and Northern
: Pacific railroads in the West, the Richmond
3 Terminal railroad system in the East, and
[ the Pacific Mail Steamship Company. He
/. is in fact the 'rai road king" about which
. formerly mythical parsonage so much has
been said and written.
I Reports have it that Mr.. Gould spent SlO,-
. COZ, 900 cash in the purchase OF stock during
the last two weeks. 10 Is said that he has
been getting money together for some time,
and has piled up his. accumulatlOns IN the
: vaults Of trust companies. Wall street eX-
perts say that he could lay out Sl5,OOO,OOO
In cash and securities and not be a poor
man if all this were lost.
GRAND RAILROAD TRUST.
A grand railroad trust after the pattern
, of the Standard OIL Trust-that is what Jay
Gould has long contemplated and what he
has now almost effected. His sickness and
r the set back which the trust idea received
, i'm the courts delayed his plans, but they are
now placed on foot again. Should they be
realized one man would dictate the trans
pOrtation rates of the American railroad
. system Just as the Rockefeller Brothers
name the prices for oil. IL Is a scheme !
which has been thought of before, but
, nobody ever attem ted TO realize until |
Gould came TO the 'front.' 1t was worthy OF
the little mans genius, and fitting Occa-
T sion for his return in triumph TO the street. |
AFTER THE b. ANDO.
As a sort of climax TO Mr.. GOuld's dOings |
in the last fortnight comes the report today |
that he also has his eye on the Baltimore |
and Ohio road. Street gossip has il that
Gould bought $4,000 shares Of Richmond |
Terminal at private sale from Messrs.
Brice and Thomas and that these gentle
men have since bought in the market $4,000 |
shares for themselves and another $1,000 for /
Jay Gould.
THE VANDERBILT SYSTEM
As the Gould, Rockefeller, and Hunting
ton interests have been practically united |
the only formidable rival OF the combination |
is the Vanderbilt system. The relations be-
tween the Gould and Vanderbilt people will
therefore be OF peculiar interest. Hereafter
no break is likely 10 occur soon, as j. Pier
pOnt Morgan, whose fortunes are allied with
the Yanderbilts, is now on very friendly
terms with Gould.
COLONEL BEVERLY kENNON.
W. i. lnellf, OF tue DdltiHlOle ana Oulu,
brOther-ln-law Of Colonel Beverly kennOn,
whose death has already been announced,
is here arranging for the funeral in Wash
ington Monday. Colonel kennOu came here
| TO nurse his father-ln-law, Judge Elias
| Griswold, who was provost marshal in
Richmond during the war. Judge Girls
wold's death from congestion OF the brain .
eXpecte1 every moment.
| WV nRIDGP OVER THE HUDSON.
| mi z. al col otr |
bridge over the Hudson river have been
hard at work perlecting plans, etc, for It's
erection. As yet nothing definite Is known /
| as to where the two points will be, but II is
| thought that the jersey end of the bridge
| will be located at stevens Point, near HO-
| bOken. and the New York end between
| rwenty.third and Forty second streets The
approaches or stations will not encroach
upon ony public park, street or avenue.
Private property only will be used. The
bridge will, of necessity, be the largest III
the world, and will have two stories, one for
roadway and sidewalk, and the other for
the railroad. There will be monster union
depot on the New York shore, at which all
the lines running into the metropolis VIII
cOnyerge-a depot which Will throw into the
shade the stations OF CASTOR and II. ran
creas in London, and the Grand Central III
New York.
THE AMERICAS cur.
Yachtmen here are not much agitated |
about the possibility Of the Americas cup |
sinking into oblivion on account OF the new |
challenge cup offered by the Royal Victoria |
Yacht Club. nor are they worried because |
James Ashbury, the English yachtsman,
says he Is going 10 sue the New lOrk |
| Yacht Club, and make them alter the deed |
of gift so that ii will read as 1t did when his |
schOoners, Cambria and Liy0nla, were de-
feated in their contest for the Americas |
cup.
LET him sue" said yachtsman last
night. "and see what satisfaction he VIII |
get. There is something thoroughly eXas-
perating about the attitude which the Ing |
lish spOrtsmen take concerning the Ameri- |
| ca cup. Every English newspaper devoted |
10 sport which comes across Inc ocean mas
some new and vexatlOus charge against the |
/ fair play OF our American yachtsman. The |
Britishers raised all sorts of objections be-
fore the New York Yacht Club offered them
the conditions Of the Thistle-N NOlunteer |
match over again. They admitted that they |
had no cause for complaint on that score !
They objected to the stipulation that the
Club winning the cup was TO hold 1t there |
after subject 10 the terms OF the new deed |
| Their objections have been so varied and 50 |
numerous that the New York Yacht Club
has now come out hattOOted and annOun- |
ces that i: will enforce all OF the provisions
Of the new deed. Under the old rul Q
nothing was required from challenger but
"A siX-mOnths' notice, the dimensions, name |
and rig OF the challenging yacht. The re-
suit of this was that on three occasions |
British yachtmen, after carefully studying |
our own fleet, built slOOps that quito 'assed |
i'm class anything that we could SAL |
against. They did not issue their chal-
lenges until the last moment, and moved |
with secrecy in all their prelimnarss. We
were Ob ICED to build yachts especially To |
race against the challengers, and the haste |
necessary TO do so put us 10 disadyant- |
age. Under the new deed we require ten |
months instead Of six, ana the challenger
must send the length and beam on low
water line, extreme beam and draught 0i
water" 1T is about this time Of the year
that the races are generally sailed. and
hence general interest IN the subject.
A yENTUREsOME TRIP.
Commodore +. l.. Norton is in New Lon
don, Conn, making final preparations for
his trip across the Atlantic to Toulon.
France. distance of 1000 miles. COmmO-
dore Norton is the same man who sailed the
yawl Neyersink from this port 70 Paris last
wear. The boat in which he VIII make The
Journey this time is tifty-eight foot steam
Yacht, named after him, and has beam OF
|
= and d half inches when loaded with
eight con Of coal, all she can carry. She
has thirty horsepower engines, enabling
her to steam eight knots an hour, but her
owner says he expeeTs TO run 30 miles
, day on half ton OF coal, lie Will be ac-
companied by his wife, his niece, Miss An
ME Rickaby; William Crawford, chiei engi-
neer; Arthur McClaran, assistant engineer;
John Carlson, sailing master; George Mar
shall, steward; John Nelson and Thomas
Anderson, seamen, and Robinson, cabin
. bov. making in all ten persons. Captain
Morton will sail tomorrow on his venture
some voyage, and steer directly for st.
Nichaaps. in the Azores, where be will re-
pIenish his coal bunkers and larder Of the
little craft and again commence the
Journey to France. He selects the South
EN- route for the reason that II is free from
rough weather at this season, and be can
/ have his stock Of provisions replenished by
| IQ