The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-12-03

crine parts OF Lackawanna. Luzerne. and
Monroe counties in Pennsylvania. Tho start.
ing OF tho tannery was the formation Of
Gouldsboro which is In Lackawanna county.
Gould was then 20 years OF age.
A Post Oilice was established at Goul dsboro
and Jay Gould was appointed Postmaster A
bank was established In Stroudsburg In IN
adjoining county. and Gould became tho lar.
gest stakeholder and director. That was in
1857. Two years later he bought out Pratt's
interest In the business and sold 1t to Charles
]. Leupp d Co. for $4,000. Much troubls
followed. during which Gould finally deter
mined to take possession OF the tannery. He
said at the tins that he had legal precedent
for such proceeding. This. however. was
not accomplished without struggle. and fire.
arms wero even resorted to.
HIS FIRST RAILROAD VENTURE.
jay Gould obtaine cd sole possession OF the
tannery. and sold IL and came to this city. In
1862 he married Miss Ellen Miller. q daughter
of member Of very rich wholesale grocery
firm styled Philip Dater & Co. OF this city. II
is said that 1t was through Mr.. Miller's inter
ests in railroads that Gould came TO
operate In those stocks. though he did
so before tho year Of his marriage. 10
bought the entire issue OF tho first mortgage
ionds of the Rutland and Washington road to
Troy. They were offered in the market then ut
1Ocents on the dollar.and 1t was in this transact
ton that Mr.. Gould first met Russell Sage. Mr..
Sago had been n Congressman and had n
large grocery at Troy. Mr.. Sage was inter-
csted in railroads running into Troy. ind he
and Mr.. Gould took I'm the Rensselaer, and
Saratoga Young Gould made q great deal
out OF that venture. and then changed tho
base OF his operations to the Cleveland and
p.sA. ,,..txN h. nNNr nj md
sold it at 40. He then went into tho Union
Pacific. and this was the greatest load OF his
life. for tho stock tumbled TO Is. and Mr.
Gould often said later that he thought he saw
ruin staring him in the face. There was n
great outcry against his interest in the prop.
erty. and no finally unloaded with profit to
himself.
The next great enterprise in which he was
Interested was the Missouri Pacific. which he
bought from Commodore Garrison. Tho rond
was then 2S7 miles long. and WAS earning
$4,000 u week. He gradually developed the
system. and in 1888 Mr. Gould proudly averred
that his labors for the Missouri Pacific had
brought up tho road so that it had earned
gross 81. 100000 in one month.
The history of Mr.. GoGld's railroad deals
and tinancia! enterprises would FIJI /! volume
Bnt they are merely incidents now. and can
ments which went to develop his charnctsris-
tics and renown. Ills nss9ciation with the
director is we'll known. The conflict which re-
suited in tho retirement Of Mr.. Gould from the
Presidency VI that road has been talked about
in Wall stroet ever since 1t occurred. That con-
1iic;. more than anything else. developed Mr.
Gould's knowledge Of men. Certain legisla-
ton to help the Erie Company was necessary.
and Mr.. Could had to deal with men in public
life at Albany.
NOT MAMrERFD by POLITICAL CEEEDs.
He testified before a legislative committee
aftcrward that at that time In Republican
district he was Republican: in a Democratic
districts he was doubtful; but lie was, I'm Eric
history IF Mr. doul,i's retirement from tho
Ee and even ths few Nv who it
hay. crcrt out to the outer world. just 50
Sh hs as BacF S'P Fra1 F ha
~ men SS:a out 4$s lis fS,sssn snS %s
s ns on B.ef rrdv "so eN has s
In both OF these cases he used men. and no
used them to his own advantage. Then when
Ie
Union Company. he was still actuated by the
and caused troubs to tie western onion
til the amalcamation OF the two companies
was brought about.
1t is not disputed that as he went on and on
impulse to MAKE money ne for Himself and to
achieve a great poeition and power In tho
world OF finance, 1t will remain for others
T., later time to show hoy how great was the i'm,
con soidating railways. in extending them
aud opening up great sections OF country. and
se THESES same Of to tbs
who suffered at the same time