The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-03-09
MR.. GOULD GOING TO EUROPE.

Mr.. Gould, upon his return from his in
spection trip two weeks hence, will make
preparations for an early trip to Europe.
de is fond of the sea, but is Indifferent to
tue pleasures Of continental travelling. 1t
Is therefore his contemplation to extend the
trip far up the Mediterranean and spend as
much of the time as possible upon the
water. DE expects to return in time to
spend the early weeks of the fall at the new
mou tain estate which he and George have
bought in the heart of the Catskills.
1t is the opinion of men who q some what
familiar with Mr.. Gould's affa rs (no man
knows much about them, that he has no
got his properties In a condition wnere per-
manance is practically secured and steady
income may be relied upon from them. H.
has still great faith in his southwestern
railroads, and in that direction may exer-
else his constructive genius in expanding
the properties and giving them more salts
factory seaport connections than they now
p ssess. But aside from this his efforts will
probably be confined to the conserv att n of
the other two great corporations in which
his property is invested These are the
Wessern Union aud the elevated railroads
in this city. The Western Union, through
his genius mainly, is now in a position
where competition cannot be maintained
agai st it, unless the government stsrs il
and establishes postal telegraph. If that
should be done 1T is the general impression
that Mr.. Gould will bend his energies toward
the creation of a sentiment in congress
favorable to the purchase by the govern
ment of the entire Yves ern Union plant.
His last financial sJroke before leaving for
the west was the proposition to put O
blanket mortgage for SAC, 000, 900 up IN the
entire elevated railroad property in this
city, some of the money thus raised to be
used to redeem outstanding bonds now
about to become due, and some of it to be
applied to great extension of the system in
the upper part of Manhattan Island
In addition to this Mr. Gould has got tired
of fighting those people who clai II dam
ages from the erection of the elevated
railways, for he has learned that the ten
dency Of the courts is in all cases to award
damages, and he proposes to save the ex-
pense of litigation by compromising with
everybody and settling I'D as fast as pos
sible through private negotiation. 1t is esti-
mated that this will take nearly SIS, 000000
With mortgage of $4,000, 900, requiring
more than 81, 100000 a year for interest
charges, it will need a consider
able increase in tle traffic, enor-
nous as that is in order to enable the COM
pany to pay fair dividend to the 81, ca
holders. Mr. Gould has the greatest faith,
however, in the future of this property In
these more quiet days of his life, Gould is
maintaining his reputation as the greatest
genius of finance tn 1t we have seen in this
generation and is adding to it something of
respect and regard which he did not before
possess. 1t was Of him that Mr.. Conkling
said: Had he not gone into business, but
instead had taken up politics, he would
have been the master politician of the
country and, think, the greatest diplomat
in either continent"