St. Paul daily globe., 1891-05-10

dividends and interest on his stocks
and bonds steadily added to his store of
wealth. He began buying stocks in
| the panic of November last to again
! expand his interests. Here he showed
| his business acumen. 1t has always
been favorite remark of his that the
Time TO Buy
was when other people were selling,
and he followed his precept 1t is said,
| and the statement is probably correct,
that before the panic he had all of $40,
| 000,000 in actual cash in the vaults OF
banks and trust companies, Within the
six months that have elapsed since the
financial convulsion he has, it is esti-
mated, used SIS, 100000 in buying stocks.
! He could, if he had need for it, borrow
| 500, 600, 900 easily. There are any num-
ber of financial institutions that would
lend him money by the million on his
note of hand alone, but whenever Mr..
| Gould secures a loan he furnishes col
lateral the same as other borrowers.
| No man ever operated on as extensive
a scale in Wall street as Mr.. Gould.
| There have been times when he has
carried" as high as 10000 shares of
| stock for speculative purposes, and IN
addition to his investment holdings. AT
the par value of 500 a share that
amount of stock would foot up $50, ,0O0,-
900. The tape upon which the ticker
| lots the transactions in the stock eX-
change tell to the speculator more in
| teresting tale than any book that was
ever written. When active In the
market Mr.. Gould watches the tape
very closely. Although there is moth
ing recorded on it beyond the number
of shares sold and the prices they
brought, yet Mr.. Gould can Invariably
!
his order.
AS high as 200 brokers have been en-
| gagged in carrying out Mr.. GOuld'S Or
derS. He would not deal with them
individually. His orders in bulk would
| be given to a few brokerage houses. and
| they would distribute them among a
| great number of brokers, so that the
hand of MI. Gould would not be eX-
| posed.
In the Office which he occupied before
taking up his quarters in the western
Union building was switchboard
from which radiated twenty-five wires
to as many brokerage offices. 1t IS no
eXaggeration 10 say Mr.. Gould has
Paid Ont Millions
in brokerage commissions. He has not
ALWAYS been successful in his Specu
lative dealings any more than other OPP
orators. 1t is said that his losses, if
counted up, would probably exceed the
amount of his present fortune, which is
calculated in round numbers at $780,,
10000. MIR. Gould has always taken
his losses philOSOphically, saying that
the experience obtained was worth the
expense.
If ever a man was "cut' out for
money making, Mr.. Gould was. Moth
ing outside OF business seems to possess
any particular interest to him. He has
| 10 pastimes. If there is any pleasure
| which he covets it is the comfort of his
! own home. He used to drive consider
ably, but of late years he has not been
seen on the road with the other owners
of speedy horses. On pleasant after
moons he rides through Central park,
but coachman holds the reinS. The
greatest luxury that Mr.. Gould ever in
dulged in was the building OF the steam
Yacht Atalanta. He cares for it no
longer, and there is little doubt reason
able offer for it would be promptly &C
cepted. If he keeps it, it is not likely
that he will again cross the ocean in it.
Magnificently appointed as it Is, it
still does not afford the same con-
veniences for long voyage as
the great passenger vessels that ply
between America and, Europe. The
principal purpose that the Atalanta
serves is to carry Mr.. Gould between
New York and his summer residence at
Irvington-on-theHu Hudson, and also on
trips through Long Island sound and
along the coast. The crew of the craft
consists of fifty-two men, and it is a
pretty expensive toy for man of even
Mr.. Gould's enormous wealth. Mr..
Gould has been described as strategist
in finance. The term fits him. He is
essentially a calculator. He keeps his
head clear by plain living. There are
few men more abStemlOuS. His only
indulgence is in coffee, of which he is
extremely fond. Mr.. Gould scarcely
knows the taste of liquor. Once in Il
great while he will take sip of wine
out of courtesy, but that is all. Several
years ago there was lunch at MIR.
Gould's Office, at which number of
prominent men were present. During
its progress Mr.. Gould's confidential
secretary, Giovanni p. Morosini, rolled up
Strips OF Paper
and put them inside the bands of the
hats that had been left in an outer
room. When the gentlemen put on
their hats after the lunch they found
them too small. Wine had been served,
and Mr.. Gould was somewhat appre
hensive at first that the commonly re-
ported consequences of imbibing had
followed. He caught sight of Mr.. Moro
SIM. and, knowing his proclivitleS for
| ioking, at once OWNED the truth. He
said nothing, however, but listened to
| the expressions of wonder and perpleX-
| ity from the others. At last the trick
was discovered, but Mr.. Morosini was
not suspected and Mr.. Gould did not
betray him. The work was attributed
| to some wicked clerk. Mr.. Gould never
tried to smoke but once in his life. He
| attended a dinner at Delmonico's.
and was urged to puff cigar
with the others around the table:
| After about three whiffS the ceiling of
| the room began to undulate like the
heaving ocean. Mr.. Gould dropped the
cigar and sought the outer atmosphere.
| Nobody could ever after that prevail
upon him to light cigar. MI. Gould is
as temperate i'll manner as he is in
taste. He never permits himself to get
excited nor angry. If he were not
Self-possessed man he would not be a
millionaire, for when man loses his
head in Wall street he is pretty apt to
| lose his fortune with it. There are few
| as Woodworking men as Mr.. Gould. His
endurance is phenomenal. He is up by
! 80 or 6 o'clock in the summer and by
| Z at the latest in the winter. He does
not have an idle moment from the
! time he
Leaves His Rouse
until he returns to 1t. and usually not
then, for he invariably brings back with
him reports of the operations of his cor
porations and other documents which
| he studies until bedtime. Mr.. Gould
| goes to the theater very little. He has
| a box at the METROPOLITAN Opera house.
MI Soqla Se bas Is o reh,flng hanp rnan ever
! unobtrusive mad. In his younger days,
it is said, that he was considerable of a
dandy in dress. AS he has grown older
he has moderated his attire until now
he wears a conventional black suit al
most entirely. He is particular in his
dress. His shirt front is spotless, and
| he is carefnllv hrnshed He WearS no