New-York tribune., 1892-12-03

was he'd high until eight months had passed. IN
that unc IL was denosfated tnat nNeeent la9ts o'a
holders The general slOcA market was hurt bv
collapse In the cohce speculation, and By the down
crushing weight u. an CANT wheat speculation
The burden oi Manhattan was more tnan Mr. field
haI,an were without intermediate brcahs. follows :
156 90. 40. l49 IL, i3o, 10 ~ l$o; 10 2
Mr. Gouu, wnthins i'll pain from severe nrurasi
attack, agreed at his summer home at irVinSloh 10
Iirid al 10. The panic was stayed, bat before lis
encols were forgoti.n Mr. Gouia took 2e,V0o aa.
was hve years lat.r before Nj. Goud saw daylight
On that Investment In Manhattan. Dut the purchase
became prrio.ce the Inspning and directing power
in the upuudihg ol The N.anhatlan property ,..
concerned with occurrences familiar To TIE reader
lis control oi the tnion taclnc after MS retirement
in 1854, when charles Francis Adams became pTeS
dent, was partly the result Of compulsory crcun
stances. The Barins failure November -, leSo
sion in stock values. II brought with II panic that
was not stayed until Nh GouldS maine was used as
cneck 10 the Generalization existing was realized is
fully by Mr.. Gould as by any other OIL e t.e Hit Wu
stieet values. by his purchase Of nion % pnSin'
and the placing of the old president eon"y p1
u humiiate man who rs the historian ol the mus
famous OF the Gould speculatoiS, had Niraro p'i.
snHTe tenHTe Of Of T Ss sSTf' sUS cc% nj s" pSs
when the effort Of the foreign stoekhoaet' ,h "iJ nd
pac nc, coupled With tie support Ol Va
friends of Mr. Adams to effect revolution in the
management defeated only y the ,tiiu work i o,
the Old president OF Union Pacific and The lifelong
friend of Mr; Goud-sidney Dillon went PACK , 10 .w n,S
months before he ded-dying less than year "eiore
NJ Could 1iou!: de. connection with the Missouri Pacific
has had no startling incidents. Tie properly may
have been the basis OF stock speculaliOns az tme''
but through all yc',tmdeS II M %S inv',mats atea toward
which the energies of his latter years weie utvo'Tu. %
career TOT of the dead capitalist it through The
building up OF that PROPERTY IN the eafy es i eon @
payment Of dividends on Wabash preferred after nt
of Mr. Ciould's ndeniifcation with the property IN
the role of oonservator and after the coilap,e III
% SeSet With ali the troubles q one Struggling 10 II;
was criticised M a manner held 10y ms friends TO be
utterly unjusthalle lie was in no Wis Il wrechcr
under it in support when other large stockholders
wavered. Mr. Gould when he G-ed held nor 5r,,I ina
lion and this fact alone represented loss 10 him OF
o. OOO.OOO to SGO0O000 on his original Investment,
and his holdings prove that much oi the burden sun
In the records of railroad associations. Mr.. Gould
tabllsh The Western Traiiic Association. lie showed,
through that e1pnment lGgica qnay that ws too
rs sharer In the labor devoted by the banking world
TO wpng out the traces Of the Barring panic OF ls9o'
ccmbcr Is. 1890 Mr.. Gould insisted upon a radical
method OF governing railroad rates His plan was 100
extreme become operative. ard the laiiule 0t !h"
Western Traffic Association left Mr. GOnld with the
record OF having done all that he could 10 sustain the
agreement even TO the extent Of sacrificing trusted
freight oIcial who had been adjudg-d guiy ol us
turtinC rates. 49,, u, r.,
In the stock market In recent wears Mr.. Gould mas
declared that he had part He was credited bv his
friends with sincerity that declnraion. ana ne
speculative operations of the as five wears win wmcn
bis name has been associated are asserted by many
persons who ought know the facts to be the pduct
Of circumstances TO which his sons were more d1recuy
reJoted For two years al least Mr.. Glulds Health
was such as 10 forbid the idea of his odtme actvy
but his name has remained bug abo1 tlat was con-
jured with effectively by manly operators.