Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1892-12-08
Jay Gould Dead.
New YORK, Dec. 2.

New YORK, Dec. 2.
Jay Gould, the great figure in the his
tory of Wall street, died at his home at
Attn street and 9th avenue at 9l5 this
morning.
The cause of his death was pulmonary
consumption. All night long the members
of Mr.. Gould's family were at his bedside.
Early last evening it became known that
his death was only matter of hours. He
had never rallied after he had hemorrhage
of the lungs on the day before Thanksgiy-
ing. He had another hemorrhage two days
later and still another last Wednesday
This announcement was surprise to all
but the most intimate acquaintances of
MIR. Gould. 1t had long been supposed
that he was suffering from nervous dys-
pepsia. From an early hour last night Mr..
Gould began sinking rapidly. DIR. Mum,
his physician. had DR.. Janeway in consul
taton, but they said that nothing could be
done but make Mr.. Goulds last hours as
| comfortable as possible. When the end
came the members of the family who were
in the house were MIR. and Mrs. George
Gould, Mr.. and Mrs. Edwin Gould, Miss
Helen Gould. Howard Gould, Harold
Gould and Miss Annie Gould. Mr.. Gould
was born in West settlement, back
woods village of Roxbury, Delaware eoun-
ty. n. Y, May p, 1886 He was the son
of John b. Gould, farmer. His mother
died when he WAS an infant Mr.. Gould
left home with fifty cents In his pocket,
and studied at Hobart Academy, in neigh
boring town Here he earned an extra
penny by keeping the books of the village
| blacksmith, eventually enjoying a brief
partnership in the business. In 1856 he
published a"IIistory of Delaware County"
Subsequently Mr.. Gould and Zadock
Pratt together engaged in the lumber bust
ness in western New York. This interest
| the millionaireto-be sold out just before
the panic of 1857.
The first great and important event in
his speculative career occurred in the fall
OF 1863. Gold in August of that year was
| selling at l3l, and Gould with his asso-
ciates organized a scheme by which they
should obtain control of all the gold in tie
country. and thrust its price boldly and
bodily up to point beyond the endurance
OF the bears, point which should turn uu.
tod millions into the pockets of those con
ceTned. Gold was forced up to $50 and
Gould made millions out of the transac-
tiun.
Investing heavily in Erie stock, Nh
Gould soon became president of the Erie,
holding the Office until 1872. His next
move was to purchase large blocks Of
stock in the Union Pacific, Wabash, the
! Texas Pacific. the ST. Louis and Northern.
! thy Missouri Pacific and other western
/ lines. He also invested In the stock Of
+ the Atlantic aud Pacific Telegraph Com
! pany, and on lis consolidation with the
! Western Union he organized the American
! MON, which was merged in the Western
Union in ISL. BY the year los0 Mr.
/ Houid was in control OF 10000 miles of
railroad, or about une-ninth of the entire
mileage Of the country.
no two estimates agree a. to the amount
( of Mr. Gouid's fortune The most con.
sentative figures place It st about $50 00O.-
/ O0u, While some people in Wall street zig
ure that he must have gotten together fully
/ SluO, 900, 900.