New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-03

mics made IN n long career oi sPeouh"'i'' W."
test In Mr.. Gould's death career was closed
Of n man whose stamp the railroad and tele-
craph history of the United States may never
be eTaccd but about whom there will probably
be long controversy over the methods involved
in most of the sensational events with which
his name has been identified And the closing
of his life found alive generous judgment as
10 his achievements and character that Will help
history in the making up of its story OF his
personality.
There had been no expectation OF Mr.. Gould's
death until within the last few days. For more
than two years his physical decline was apparent
10 his friends, hut numerous sensations IN Wall
Street have been based on his attacks OF Illness
without sufficient justification through that period
The sudden death OF a man like Mr. Could identi-
fed with many important properties, ana, stlll
mor, the central figure of stories theories and
disputes. founded upon the remarkable sides OF
his varied character. might have been a severe
shock to the financial situation. Bnt the last
fatal illness of Mr. Gould followed premonitions
which had fully prepared his friends for the end.
and Mr. Gould himself had been putting his affairs
into such an order that death would bring about
no important disturbance in any of the interests
with which he was even indirectly connected.
For years Mr. Gould suffered from neuralgia, a
disease brought to him possibly by the tremendous
strain on his nervous vitality by the active life or
contest which he maintained in his speculative
career He developed stomach weakness in re-
cont wears which at times had robbed him of physi
c,l povc- to throw of the assaults of the disease
eating into his. nerves The death of the great
captalist came from hcmorrhage of the lungs, and
the testimony of the official death certificate shows
that consumption was the original cause Mr..
Gould's physical buih was always slight, but it
had never been suspected that h" was to succumb
10 the seeds Of this insdious disease.
The death of Mr. Gould gave no shock to the
stock market The speculative traders on his
illness were disappointed, they were when
William H. Vanderbilt died. II was noted as
something Of coincidence that the two men,
giants in the speculative and investment world,
both died in December, Mr. Vanderbt's end pre-
ccding Mr. Gould's only by seven years. less six
DAYS But different were the circumstances
attending the death of the two men, thero
il some resemblance in the fact that both OF
them had secured their estates in such a manner
as TO bai'e the work Of the spectators who
sought to trade upon the death of each OF the
two men, IL il understood that Mr.. Gould has
left his estate in such form that it will involve
no menace 10 the properties from which most
had been feared in mortuary liquidation. Fac
ing the possibilities of his end, Mr.. Gould has
put the bulk of his holdings in securities In
trust. with heXibity. of course, required by the
circumstances. but with restrictions that Will pre-
vent the disintegration of the properties left as
his Inheritance and will avert the danger of sales
for long time. 1t is great estate HA,r'' il
tied np The closest approach to an .A-,..c
estimate that now may be made is 81 0O,OOO,OOO.
There is a fortune which was born out Of the
work Of one inspiring personality; an accumua-
tion that represents nm average requirement in
the Twenty-Five years Of Mr.. Gould's active opera
tions in the financial an1 railroad world OF
81, 900 q year. When it is considered that
this wealth does not represent dollar OF in
heritancc, when il is realized that only Il fraction
can have come from "uncarned Increment III
real estate when IL Is appreciated that the figures
stand for investment in stocks and bonds 1t may
safely be- said that Mr. Gould's fortune stands for
The, largest sum Of money ever accumulated by
single individual.
Nor is il believed that Mr. Gould's death will
result in any radical change in the management Of
thc properties with which he has 80 long been
identified His oldest sons are young men. but
they have been put in places of trust where they
have become thoroughly familiar with their duties
Thcir holdings. undsturbed to any material ex-
tent by the terms of their fathers will. must
remain a bulwark upon which they can lean for
support while the two men-George and Edwin
have shown qualities OF mind and character which
will retain for them the advice. guidance and in
struction of older and more experienced men who
arc also identified with the Gould properties.
Notifications may come in the course OF time in
the control Of the great properties that owel their
direction to the genius Of Jay Gould. but in none
OF them is it evident that there will be change
of Importance.
There was mucn sympathetic comment yesterday
on the passing away Of jay Could His friends
had only one word ~ say as to the qualities In
the dead man which commanded tribute from
them-his ability, his foresight. his wonderful
patience in the WORKING out of his aims, his
fidelity to friends his good faith with his business