Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-12-03

THE LATE Mr.. GOULD.
ton a check for the money TO purchase
land needed to extend the estate TO IT'S
original dimensions.
No man was more simplein life or habits.
He often said that he could never dissipate
even If he wanted TO, for he was so consti-
tuted physically that he could not use 10.
bscco or take Intoxicating liquors. Even
IN his most active days. when he was con-
stantly at his Office, he would take but
light breakfast, consisting mainly OF eggs
and rolls.
AMOUNT or HIS FORTUNE.
No two estimates agree az to the amount
of his fortune. The most conservative
figures place it at S6O,OOO,OOO, while some
peopie in. Wall street figure It at tul]y
800. 600 900. His known holdings OF Sc
curities are about as follows Twenty two
millions par value of Western Union tele
graph, which at tO-dav's prices would fetch
about SIS. 700, 600: Sl0,0O0000 par value OF
Missouri Pacific, now worth In market
50. 500, 900.
hood of So .00J, ,000-prObabiy mOre-ot
Manhattan railroad stock, worth So
OO0. OOO. His holdings of oil these stocks
have been larger than this, but he sold
them 10 either invest the money III new
issues of bonds of the Missouri Pacific and
Manhattan companies or to finance these
companies until bonds could be issued.
He holds about One-third OF the bonds IS
sued on the Missouri Pacific system, whlch
would be about $3.50 600 600. Mr.. Gould
holds over $1,000 900 of Wabash ralroad
stock which shows a loss OF between
~ ,00O, eco 0nd S5.000,O0O.
As long ago as iss4 Mr. Could was known
10 hold about S3,00O000 OF hrst-class rall-
way mortgage bonds upon ROADS other
than those controlled or managed by MN.
Besides these systems he had large invest
mouts IN "A great number of proper
ties. concerning which the general
public knows little or nothing, His
holdings of Union Pacific and Kansas
Pacific bonds winch have never been
stated. must be large, but 1t is not
believed that he owned of late years much,
if any. South Pacific stock. From the
foregoing figures. which are approximate
lv correct. il Is easy 10 figure up In the
nejchborhCod of S75 0O00 600. or late years
his fortune has increased RAPIDLY. His IN
come from Western Union and Manhattan
stock and on his investments In bonds mas
been about s., 900. 600 year, and has pro-
badly exceeded that amount.
WITH THE DEMOCRATS.
The Tribune says: 1T IS the impression
that Mr. GOuld's political sympathles
during the recent presidential campaign
were largely with the Democrats. Whlle
he is said % have sent small campaign
contribution TO the Republican fund the.
Democrats were the recipients of vastly
Greater sum As the result of Mr.. Gould's
generosity. Some weil-informed polltl-
clans place the amount which Mr.. Gould
had given TO AID IN the election OF Mr.
Cleveland at S250,OOO.
MR. GOUIDs CAREER.
Jay Gould was born in Roxbury, Delaware
county, n. y, May -, 1886. HIS cary years
wrre spent on his fathers farm, and AT the age
of he entered Hobart Academy, New York,
aud kept the books OF tho village blacksmith
He acquired n taste for mathematics ana sur
veying, and on leaving school iound 5mploynleht
in making the surveys Tor n map OF Ulster cOun-
~. Tho accuracy OF this WORK attracted the AT
tention OF tho late John Delahold, who applied
10 the Legislature for AID 10 the complexion 0I
Typographical survey of the entire state by Mr.
Clould MIR Deiadeld died before any material
progress was made. and Mr. Gould undertook 10
make the survey unaided. During the summer
Of 1883 he completed survey OF Alnahy
conntv and surveyed aud mapped ont the village
az Cohoes, and IN the following year made the
survey aud map Of Delaware county, ana organ,
ICED aud dispatched parties 70 survey LaAe suu
Beauga counties, ONO ana oakland county,
Mich From these surveys he accumulated
So OCO. lie published History OF Delaware
coupty" 1880, and while projecting olher sur
yeys was Frustrated with typhOid-ieYer On MS
recovery ho became acquainted with IadOck
Pratt who sent him into the western part OF tuo
state TO select n site for a tannery. ne chOse
fine hemlOck growth, erecte1 "a saN-inli, VII isi 9nG
blacksmith shop, and with Mr.. fratt was 1olhs
a large numbering business. subsequently ne
bought out Mr Pratts interest,", ana cohuuCleu
the business alone until Just before the pane o.
1857. when he sold out his entlre pihnt IN loo1
he became the largest stOckholder ana director
in the Stroudsburg (Pa.) Bank ShorlS aller
the crisis he bought the bonds OF tho hutlahu auu
Washington railroad al ten cents on the dol;arl
abandoned every other interest, and put all oi
ms nousy into railroad securities. FOR a long
tirne be was president, general sup6rlhtenuenit
aud treasurer Of this company. He orought
about a consolidation Of the Rensselaer, ana sara
toca road, and with the proceecs moved 10 40"
York city In 1859, established hlnlseu as
broker and invested heavily IN ERE Iail"aS
stock. He entered tue directory OF tnHt cosn- t
many and became president, holding tne ONCE
until the next Reorganization OF the directory ~
1879. he next made large purchases OF
the stock Of the Union Paciflc' tne Waoasu' .no
Texas Pacific, the ST. Louis ana Nor,hern' tue
Missouri Pacific, and the Missouri, Kansas, ana
Texas railroad companies, taxing tho latter ou,
of the hands VI its receiver lie also lhneotsu
largely ia toe STOCK oil the htiantV ,s,d atior
TELEGRAPH Company, and on It's cohsonaatloh
with the Western Union, he organized bne Ahisi-
team Union IS79), which was mergeo INTO eIt Tne
Western Union IN 1881. In Decein oe', IooO'
'srI.sI records ho,yec that Mr.. Gould was in
control OF 600 miles OF railroad, OF more tunu
one-ninth OF the entire mileage vi tne
country. Early IN 1901 ne peearno ss,o,,, u ~
New York city. douot having been cas'
uooo his financial standing, he summoned seye-
raj gentlemen 70 his private once on Matcn 10 10,
1850 and spread before thom for eAaminatoh
cs,r,t,cates o; stock having face value OF Soo,'
900 600 all Ia bis own maine. ana ouefeo 70 PIo-
dnce s2O,OOO, 900 more Il desired; In harcn,
1897, Mr.. Gould purchased oonttVlus ,nHel.st t,t
a. 49, ~ Louis and san Francisco Railroad
COMPANY. whch has an aggregate mileage 2i
nearly 900 miles, and became JOINT owner WIN
the Atehison, Topeka and SANTA re hasrVsn a ~
So,onany OF the Atlantic ana i'aclhc. ana we
wes,e,n portion OF the southern Pacinc rsitosd
comnanies These. With the projected hnAs};
Gave MIN control Of an acditlonal mieageoi