New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-03
OPINIONS ON JAY GOULD.
FINANCIAL MEN TALK ABOUT HIM.
THEY TELL ABOUT HIS METHODS, HIS DARN
AND HIS pERTIEACITY

THEY TELL ABOUT HIS METHODS HIS DARING
AND Ills PERTINACITY.
ono Of the most important Incidents In Mr.. Goud's
recent life. a. the sketch Of his caroer es"-
where. the transaction by which tho control OF
Manhattan came into his hands. There has long been
feeling among Mr.. Goud's friends that great injustice
gas done to him In the popular view OF the matter
John T. Terry, Of F.. ID. Morgan Co.. has FOR years
been one Of Mr.. Goulis most trusted counselors
While Mr. Terry has not been M intimate as other
men In the stock operations Of Mr.. Gould. he mas
known OF many OF the investment policies pursued by
the dead capitalist and his sound judgment and high
reputation In the mercantile and banking world were
frequently avacd OF by Mr.. Gould In important affairs
In the case Of the sale OF Mr.. Fields Manhattan stock
to SIR. Could Mr. Terry was the medium through
which Mr.. Field was able effectively 10 appeal 10 Mr..
ioulds resources to assist Mr. Field in the umc Oh
his need Mr. Tcrry's ficnds say that tho conn
DENTAL nature OF his relations TO the negotiations at
that time l0rbds him TO tell much OF the secret MS
tory. But yesterday Mr. Terry made the following
statement in regard to the Field Gould transaction:
"llr Gould has been for years the subject OF much
m, ,r.p,> ,entatiOn and unreasonable abuse. partly
from rlslPpyhcnson and partly from malice. Even
thoe Of his transactions which have been bencflccnt
IN ther character. ana which have been prompted by
The best motives have been turned and twisted by
atllbuilng the worst possible motives to him. Take
Railway. MIR Gould WAS applied to for aid. and he
generously loaned 81 100000 Of bonds. taking there
for no security whatever. THIS not being SUFFICIENT
he purchased most reluctantly and at much PERSONAL
Inconvenience 5 OoO.OOO OF the stock of the Manhat-
tan Elevated 800. y few days later he stated
to me that he feared this not sufficient TO afford
All relief needed and he thought he would be obliged
TO take tho remaining -. 500 .0OO which he did take
at the price and distributed all or the greater
portion Of It among his friends. But this was not
the end. \ few days later l was again asked to his
Office when no said to me. the parties being present
and he having been summoned TO the city by telegraph
at their request although In wretchcd health Morc
assistance Is neodcd but l have declined TO so any
further. Won't you please look at their papers AMI
sec If You can suggest any way them to obtain the
money
After looking into the matter said Mr.. Gould.
YOU have already done more han could reasonably
DO askcd Of any man. but assured that 5000 900
more will be sufficient. and think yo't can loan II
safely although the securities are not otherwise
avallaUle' Ilc replied Very well. | viii draw the
check Here was assistance rendered Of over 100000
coo. and although the stocks were purchased upon
tn,rlv DAYS time the necessities OF the required
immediate payment which Mr.. Gould made at much
personal Inconvenience.
"Now what was the view taken OF this transaction
by the public pressf We read in large PRINT. Mr..
Gould has ruined Mr. Field and other phrases Just
"a false This transaction not only saved the parties
Int beyond question saved panic In Ncw-Yorl
will only add that the decline in the market value
| Of the stock named within few succeeding weeks
| was about s375O.C0O and yet there are probably
thousands and tens OF thousands of persons here
abroad who are still under the belief that MI. Field
| was wrongcd by Mr. Gould"
| TALK WITH IT'S BROKER
Washington f. Connor has known Mr.. Could about
eighteen years Mr.. Gould's early practice in stocl