The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-03
WORTH NINETY MILLIONS.

A Friends Estimate Of the Wealth OF the
Gouids-Wm Stay I'm the Family.
NEW YORK, Dec. 2-The general feeling
in Wall street was one of surprise. tor many
times has the report Of Jay Gould's death
been spread. to be contradicted as soon as
q certain effect IN stocks had been pro-
duced. So often-no later than yesterday
was she old trick played that it became
like the cry of wolf" when there was no
wolf, and at length the truth same to them
as an unex pected thing. Regret, quite un-
feigned regret. that the famous
mIllionaire's career should cease when
he was only fifty-seven years old
seemed to be felt by his old enemies as we'll
as by his former associates. Wall street
has never shared the general opinion Of the
magnate, that he was too hard. too grasp
ing even for Wall street. and their admira-
ton ofhim or their enmity have not blinded
them to his great qualities, which made
him the most wonderful fiDancler this
country has produced.
For the past few years Mr.. Gould has
been disposlng of many of bis small hold-
ings. and to-day his stock investments are
in q compact form. An accurate list
OF the companies IN which he was heavily
interested at the time OF his death is as follows:
Western Union. Manhattan Elevated Railw ay,
ltAdS 1dcIu', MlsSOurl 1dcllc, lTOu 1lONluldlu,
Wabash, Union Pacific, international & Great
Northern. Besides these companies Mr.. Gould
was interested to some extent in the minor CON-
panies of the southwestern system and the West
ern Union, but he was engaged in gcttlng out OF
them and putting his SONS into his place there.
preferring TO concentrate bis holdings In the
parent companies. His interest In Delaware,
Lackawanna & Western was disposed or about
three years ago.
There were many guesses made in regard to
Jay Gould's wealth and the disposition to be
made OF his immense holdings OF securities One
OF his closest associates and personal friends
said; mt; Gonld's wealth Will be found to vary
net $4,000 900 from 800, o 600. about $40,-
100000 of which Is In Manhattan, Western
Union telegraph and Missouri Pacific stock. The
holdings OF these three stocks are trusted, and
will not be sold. His other securities will be
taken care of by the same interests which have
had charge Of them for the past three years"
1t is estimated that Mr. Gould had $4,000 600
OF Western Union stock and about w 900
Manhattan Elevated stock.
An important announcement in reference 10
the Gould interests was made this morning by
Mr.. Washington L. Conner, who was until q few
years ago q business partner OF Mr.. Gould. and
Is therefore well qualified TO speak. Mr.. Conner
said: 1.-The bulk OF Mr. Gould's property will be
placed In the hands OF trustees, thus effectually
tying up his interests in such corporations as
Manhattan, Western Union and Missouri Pacific.
This Will, OF course. prevent the Gould interests
being divided or the stocks going on the market.
Dir. Gould has not been active in Wall street
for some years. For two years the management
of his affairs has been in the hands OF his son
George. Mr.. Gould's death does not change
the value of his property an iota."
j. b. Clews, OF the house of Henry Clews, bank
ers, said: There is not and will not be any ex-
element on Change on account of Mr.. Gorltrs
death. and there will be no depreciation In his
has left three bright boys who are fully capable
OF taking care or his va5tilnterests. The prop
erty will be kept intact, / feel assured"
on Mr.. GOuld's death but he sent the message
that he was .'too much overcome by the news to
see any one."l
The news of Mr.. Gould's death was received at
the office Of the Western Union Telegraph Com
pany at 800 this morning. 1t Ia expected that
o meeting or the board OF directors will be
called to take action In the matter. AT the
office OF the Wabash road 10 was said that a
meeting of the directors would be called, but
there would be no undue haste.
Chauncey NJ. ,Depew when spoken to In refer
ence to Mr.. Gould's death, said: Gould
has been for some time unloading his property
upon his two sons, Edward and George, who are
now identified with most of his property. Mr..
Gould's property. I understand, Is so concen-
trated that it will not be affected by his death.
The boys will carry out their fathers policy, and
/ don't think his death will either affect the
market in the present or the future"
DR.. Norvin Green would not make an estimate
that Mt. Gould held s~So.oco.ooo worth Of Mis-
souri Pacific. $4,000, 900 or Manhattan Ele-
yated railroad and $2o.0oo.ooo Of
srsss faith on'G in these as oon nlw@zs anS
told me some time ago that he wanted them to
be retained in his estate. He believed that
nllssOuTf dCluC btOch WOulu 90 10 lZO, western
Union to $50 and Manhattan to 200. 1t was al
ways his idea that this part of his fortune should
not be dissipated. do know this in regard TO
Mr.. Gould, he never carried q dollars worth of
life insurance I'm his life
Ex-Judge John +. Dillon. who was Mr.. Gould's
confidential lawyer for many years, and who is
said to have drawn up his will, said: Eyes,
there is q will; 1 can tell you that. know that
personally. But / am not able TO tell you any
thing more about IT,"
The Tribune says: 1t Is the impression that
Mr.. Gouldss political sympathies during the re-
cent preside initial campaign were largely with
the Democrats. While he IL said to nave sent @
small campaign contribution to the Republican
fund, the Democrats were the recipients of q
vastly greater sum as the result Of Mr. Gould's
generosity. Some well-informed politicians place
the amount which Mr.. Gould had given in
aid nf the aiacfion of NY Claualard Of &OSA Ono