Delaware gazette and state journal. (Wilmington, Del.) 1883-1902, 1892-12-08

ment in making the surveys for man Of
Ulster county. The accuracy Of this work
attracted the attention Of the late John
Delaticld who applied TO the legislature
for idinthe completion OF topographlcai
survey of the entire state by Mr.. Gould.
Mr.. Delaeld died before any material pro-
gress was made and Mr.. Gonld undertook to
make the surveys unaided. During thes sum-
merof 1858 lie completeda a survey of Albany
county and surveyed and mapped the vii
lage of Cohoes, and in the following year
made the survey and map of Delaware
county and organized and despatched par
ties to survey Lake and Geauga counties,
Ohio, and Oakland county. Michigan.
From these surveys he accumulated 80, OOO
He published History of Delaware
County GS5Gl, and while projecting other
On his recovery he became acquainted
with Xadock Pratt, who sent him into the
western part of the state to select site for
a tannery. He chose fine hemlock
growth, erected a saw-mill and blacksmith
shop, and with Mr.. Pratt was soon doing a
large numbering business. Subsequently
he bought out Mr.. Pratt's interest
and conducted the business alone
till just before the panic Of 1857, when he
sold out his entire plant. In 1857 he be-
came the largest stakeholder and director
in the Stroudsburg Pa. bank. Shortly
after the crisis he bought the bonds of the
Rutland 4 Washington railroad at 10 cents
on the dollar, abandoning every other in
terest and putting all his money into rail.
road securities. For a long time he was
president, treasurer and general superin-
tendent of this company. He brought
about consolidation of the Rensselaer, II
Saratoga road and with the proceeds re-
moved to New York city in 1859, cstab-
lished himself us a broker and invested
heavily in Erie railway stock. He entered
the directory OF tnat company and
became president, holding .he office
till the reorganization of the directory
in 1872 He next made large purchases of
the stocks Of the Union Pacific, the Wa
bash, the st. Louis & Northern, the Mis-,
souri, Pacific and the Missouri, Kansas 4
Texas railroad companies, takingthe latter
out of the hands of its receiver. He alst
invested deeply in the stock of the AT
lantic & Pacific Telegraph Company, ant
on its consolidation with the Westerr
Union he organized the American liniol
ClS7D), which he merged into the Western
Union In 1881. In December, 1850, Otticia
records showed that Mr.. Gould was in con
troll OF 10000 miles of railroad. or more
than one-ninth of the entire mileage o.
the country, Early in 1881 he became in
terested in the elevated railroad system o
upon his financial standing he summone'
several gentlemen to his private otiic'
March Sd, 1852, and spread before then
for examination certificates of stock
having q face value of S53000,0O0, all il
| his own name, and offered to produc
| s20,0O0000 more, il desired, In March
1887. Mr. Gould purchased controlling
interest in the st. Louis Il San Francisco
| Railroad Company, which has an aggre
| .,f t,oar1Ir f1,ilaE M
| Joint owner with the Atchison, Topeka
| Santa Fe Railroad Company of the Atlanti
| Il Pacific and the western portion o
| the Southern Pacific railroad companies
| These, with the projected links, gave hin
| control of an additional 5000 miles of rail
| lii appearance Jay Gould was a littl
man, Of slight weight and build slight
bent shoulders and sharp, piercing eyes
| looking out from countenance who's
| outlines which were expressive of tn
| quiet but intense nervous energy, whlc
could on occasions be called into actor
He wore full beard and dressed unoster
tatiously.
| Mr.. Gould married shortly after comm
to New York, in 1856, Miss Fila Mile
daughter of wealthy New York either
and had five children. There were thre
sons, George j., Edward and Howard; an
two daughters, Miss Helen and Mis-
| lluillla tblllI. Ills SlbtSl opll1 pI'fS
who has succeeded to most of his father
business interests, was married about 81
Years ago to Miss Edith Kingdom, and hi
several children. The next SON. Edwart
married daughter Of DIR. Schradi. Th
other children are unmarried.
Mr.. Gould was IN attendant of the Pre-
byterian Church in West Forty-secon
street, of which the Rev John r. PaNtol
y. D., was pastor, and was privately quit
Of !. Rt4kt
member OF any church. His fondness ft
flowers led to make excellent collections
choice chrySanthemums and orchids an
other favorite plants at his handson
country home at lrvington-on-the-ttu Hudson
His conservatory cost over 100000. NJ
Gould also INDUCED in yachting and ha
built for him the handsome steam yacl
Atalanta and became a member of Il
American Yacht Club. He was not cll
man and took no interest in social affair
No two estimates agree rs to the amour
Of his fortune. The most conservati'
figures place it at S6J,0OOU00, while son
peoplc in Wall street figure it at full
$lOj,O0O,UOO His holdings are about
follows: S22.O00,OOO par value, of WGstel
Union Telegraph, which mt to-days pric
would root up about SIS S,O0n,OOl SlO,OND,O
par value, Of Missouri Pacific, which
now worth in the market S5,500000. !
is NtllllStttl ll III lilG
SS0On,OO0, probably more, Of Manhatta
elevated railroad stock, par value, wor
SlO,40O00p.
His holdings of all these stocks ha
been larger than this, but lie sold them
invest them only in new issues of hon
of the Missouri Pacific aut MAnhatt,
companies or to finance these cUmpani
until bonds could be issued. He Aol
about one-tilird of the bonds issued on Il
M ttl,
about $50 UuN, 900. Mr.. tiould's estate hol
over ST., 2,U0O,O1 of Wabash railway stnc
which shows Il loss of between $4,000
and S5,O1O,0OO.
As long ago as 1854 Mr.. Gould w
, known 10 hold about S3ONlO,0OO of fir,
class railway mortgage bonds upon roa
, other than those controlled or managed
him. BESIDES these items he had large ]
vestmGnts in a great number Of properti,
concerning which the general pub
knows little or nothing. His holdings
Union Pacific and Kansas Pacific, viii
have never been stated, must lie large, h
! it is not believed that he owned af Il
years much if any Union Pacific stock,
From the foregoing figures, which
: approximated, it is easy to figure up in I
neighborhood Of S15, ,UW01N OF late ye9
) his fortune has increased rapidly. |
income from Western Union and Manh
. tan elevated stock and his investments
| bonds has been about $1,000 900 a yei
1 and has probably exceeded that amount
:
New YoHK, Dec. 2.-Jay Gould's Ii
Illness dates back two weeks. He to-
:, drive at that time through Cent?
i Park with his physician, DR.. Mum, a
caught cold. lie was suffering at I
! time from nervous dyspepsia and "
unable to take much nourishment. /
already enfeebled condition could L
withstand this slight ailmcnt Ills lun!
! which had already shown for years
. tendency to pulmonary weakness, |
' came Affected. Last week whenhe fail
- cnrnn - hia nfiicn Il Mns said ut