Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-12-03

report Of his death been spread, TO be con-
tradicted as soon as O certain effect in
stocks had been produced, so often, no
later than yesterday was the old trick
played, that it became like the cry Of
"wolt,' when there was no wolf, and at
length the truth came to them as an expect
ed thing.
Regret, also quite unfeigned, that the
famous millionaire and financier's career
should close while he was only 81 years old,
seemed to be felt by his old enemies as well
as oy his former associates. Wall street
has never shared the popular view Of the
magnate, that he was too hard, too grasp
/ ing even for Wall street, and the admira-
ton for him, for their enemy, have not
blinded them TO his great qualities which
made him the greatest hnancier this cOun-
try has produced.
For the past few years Mr.. Gould has
been dispOsing Of many Of his small hold
ings and to-day his stock investments are
In compact form. An accurate list Of
the companies IN which be was heavily in
terested at the time of his death is as fol-
lows: Western Union, Manhattan Ele-
waited Railway, Texas Pacific, Missouri
Pacific, Iron Mountain, Wabash, Union
Pacific, international and Great Northern.
Besides these companies, Mr.. Gould was
interested TO some extent in the minor
companies Of the Southwestern system,
but he was engaged in getting out of them
and putting his sons into his place there,
preterring to concentrate his holdings in
the parent companies. His interest in
Delaware, Lsckawanna and Western was
disposed Of about three years ago,
There were many guesses made in re-
gard TO Jay GOuld's wealth, and the dispo-
siCOn 70 be made of his immense holdings
I Of securities. One Of his closest associates
and oldest personal friends said in regard
to this matter: MIR. GOuld's wealth will
Oe found 70 vary not 100000 600 from $780,
O,OOO, about $40 GOO, 600 of which is Man
haitian, 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.
IL is estimated that Mr. Gould held sl5.-
00O,OO Of Western Union stock and SO,
600, 600 Manhattan Elevated stock.
The Gould family tomb is in WoOdlawn
cemetery and stands in a plot comprising
an acre of ground overlooking WoOdlawn
Lake. Ii is known as the Lakeview Plot,
and is a circular generally slOping mound
In the finest location Of the cemetery. The
plot cost jay Gould $4,000 The mauso-
| Ieum is copy Of q g Pantheon designed by
/ i. r. FlZmahOnOy. It is built throughout
OF Westerly, Il. J., granite and its dimen-
| siOns are - feet wide 80 feet long and 20
/ feet high to the apex Of the roof. There
are twenty CataCOmbS In the mausOleum.
| TIE tomb itself cost 100000 and the tlrst
member of the family it received was Mrs.
I Gould, who died January lS 1891.
The engines on the Sixth, Third and Sec
Ond avenue elevated roads were draped in
black on account OF Mr. GOuld's dOath.
Other appropriate steps will be taken
today by the heads Of the various organ
iZat.Ons with which Mr. Gould was prOmi-
nently connected.
Flags are flying at half-mast on the
Fifth Avenue, ST. James and Albemarle
Hotels.
The real condition of Mr. Gould's health
was not revealed until year ago. when he
broke down in the famous Missouri Pacific
meeting. This occurred in NOvem Der,
1891. The Missouri Pacific railroad was
Mr.. GOulds pride. He had built il up, and
made il a dividend-payiug road. He was
very Jealous OF the reputation which the
Vanderbilt roads enjoyed, and always
pointed to the Missouri Pacific when he
was charged with being railroad wreck
er, and not a railroad builder.
The Gould boys at the time were report
ed 10 be heavily "shOrt" of the market. A
great bull movement, based on the enOr-
nous crops of the year, was in progress.
The directors of the Missouri Pacific met,
and both Mr. Gould and his son George fa-
vOred q passing of the dividend.
According to the reports Gt the time,
Russell Sage, who was "lOng' of the mar
ket, was violently opposed TO the move. 5.
Sloan, the conservative president Of the
nj lnfr
road. was also q director Of the Missouri
Pacific. He, too. was opposed TO the step.
The DEBATE between George Gould and
Russell Sage grew 70 heated alteration.
jay Gould brOke down and it was said actu-
ally went. He tainted away and showed
that his constitution was broken. Mrs.
Gould died some two years ago.
The dividend was passed and the bull
wave restored. This action was at first
charged 90 q desire 70 manipulate the mar
kets so that the Goulds could cover their
shorts" But when the facts were mode
known Wall street at last realized that Jay
Gould had nearly run his course.
Mr.. GOuld's family set % work TO have
his properties in such shape that his sons
could easily handle them. he fOresaw his
impendiug fate The tangles which 6eset
the Missouri, Kansas and Texas and other
railroads Of GOuld's ia which he was fight
ing for an advantage, were Strengthened.
EVerv. one saw that he was marking out
the path which his sons must travel when
he was gone.
Last summer Mr.. Gould again broke
down at q directors meeting. He was
said to be consumptive. His sons said he
was suffering from a bronchial affection.
In his private car he went to the south
west and lived there three months.
-rrN -, na.- IN
the Manhattan Elevated and Western
Union annual meetings in September. The
once alert ana brisk man moved like an
automatou. The shoulders dropped for
ward great wrinkles followed his cheeks
and a lack luSter stare replaced the keen,
piercfug glance that was so familiar In his
5arlr ewes. He moved and acted like
man so Years old, bent with the cares Of
life.
The Western Union was about to issue
stock dividend for the Sl3,0O0,00O surplus
in its treasury, aud the hnancler could not
keep away from the scene OF another trl-
um0h. He had a number OF schemes rela-
tive to the Western Union and Manhattan
in his mind But nature asserted us sway
and they were deferred until his brain
coUl0 resume its accustomed vigor.
Tbat day never came, and Mr.. Gould for
four weeks has transacted the principal
nortion of his business at his house, only
making a few scattering and brief visits 70
mis- downtown ohlce.
When the market opened this morning
there was q large crowd in the board room,
and for a time there was considerable offer
in7s OF the GOulders, notably Missouri Pa
ci6c Western Union, Manhattan and
AfohisOu stocks were also sold 70 a c0nsid-
cradle extent, but they only broke 1rac'
fionally. Missouri Pacific made the great
est decline Ia per cent, 70 o. out reeov-
cred in the first hfteen minutes TO %. Ine
,,,srret then steadied somewhat There
r-as very little excitement at the openinR
y ,rho ~. hisforr Of jay Gould. from the bare