Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-12-02
DEATH OF JAY GOULD
The Famous Railway Financier
Passes Away.
FINAL BREAKING DOWN OF HIS SYSTEM
Less Disturbance Of the Stock Mar
ket Than Was Expected.
KETCH OF HIS CAREER.
JAY GOULD DEAD.
The Little wizard of Wall street, Pa.s<,
Away at a:I5 s.m.

JAN GOULD DEAD.
The Little wizard of Wall street" Passed
Away at a:I5 sm.
New YonK. Dec 2-Jay Gould died at eI5
O'Clock this morning. The direct cause Of Mr.
Gould's death. stated at the house this morn
ing, was pulmonary consumption.
The scene at the house at midnight was not
extraordinary: it WAS stated that at that time
the strong master mind had cea. &c 10 battle for
life. HIS children were at his bedside and they
recognized that the hopes Of the past few davs
were vanishing and that the end not far of.
| They tesrfully admitted tins 90 a lew close per-
sonal friends and then began ne vigil which
only ceased when the last breath left the BODY
Early last evening II became known that his
death WAS only matter of few hours. lie
had never rallied after he had hemorrhage ~
the lungs the day before Thanksgivine He
had another hemorrhage two days later and
still another on last "Wednesday. This announce
ment was great surprise 20 all but the most
intimate acquaintances of Mr.. Gould. IL had
all along been supposed that he suffering
| from nervous dyspepsia.
From an early hour last night Mr.. Gould be-
gan sinking rapidly. Dr. Mum. his physi-
clan had Dr. Janeway in consultation. but they
said that nothing could be done but make Mr.
Gould's last hours Gs comfortable possible.
DIR. John II. Paxton. the pastor Of MIR. Gould's
church, was at the house last night when the
end came The members Of the family who
were in the house were Mr.. and Mrs Edwin
Gould, Mr.. and Mrs. Geo. Gould. Miss Helen
Gould. Mr.. Howard Gould, Mr. Harold Gould
and Miss Annie Gould.
At o'clock this morning JAY Gould's condi-
ton was unchanged, and DIR. Mum, the family
physician, sent down word that there was no
immediate danger.
DIR. Mum remained in the Gould mansion all
night. The lights on the second floor where
the sick room is, were extinguished at $50
O'Clock this morning. and save for q glimmer
on the top floor, presumably a servants room,
the house was in darkness.
Some of the watchers outside took this as an
indication that Mr.. Gould was dead Inquiry
however, ELECTED the information that the sick
mans condition was about the same DIR. Mum
had assured the family that there WAS no i'm
mediate danger. and all had retired except the
doctor, who stayed to keep watch.
1t not until $50 that any signs OF life
were visible around the house. Then lights
fared in the front basement and q dim Light
was seen in the sick room window. At O'Clock
the shades were still down. The bell was rung
and the butler answered it.
"How is Mr.. Gould this morning." he vss
asked.
Don't know" he replied
"Is he dead?"
"Think not"
"1s DIR. Mum there?"
Couldn't saw
At 9:15 O'Clock the shades of the Gould man.
sion on 9th avenue were .all drawn, which WIS
taken as sign that the great fnancier had
passed away. Two servants subsequently in
formed reporter that this was so.
At the time Of his death all the members Of
Mr.. Gould's family were at his bedside, most
OF whom had watched throughout the night.
Death was not unexpected, Mr.. Gould had
been unconscious for several hours. Mr.. Gould
leaves four sons, George, Edwin, Howard
and Frank, and one daughter, Helen. Mrs.
Gould died some two years ago.
HIS LONG ILLNESS.
The real coudition of Mr.. Gould's health was
not revealed until year ago. when he broke
down In the famous Missouri Pacific meeting
This occurred in November. 1891. The Mis-
souri, Pacific railroad was Mr.. Gould's pride
He had built it up and had made il dividend
paying road. He was very Jealous of the repu-
tation which the Vanderbilt roads enjoyed, and
always pointed to the Missouri Pacific when he
charged with being a railroad wrecker and
not a railroad builder.
The Gould BOYS at the time were reported
to be heavily short" Of the market. A great
bull movement. based on the enormous crops
of the year. was in progress. The directors Of
the Missouri Pacific met and both Mr.. Gould
and his son George favored a passing Of the
dividend.
According 10 the reports at the time Russell
Sage, who was "long of the market. was vio-
lent0 opposed to the move. =. :. Sloan, the
conservative president of the Della ware. Lacka-
wanna & Western railroad was also a director
Of the Missouri Pacific. He, too, opposed
TO the step. The debate between George Gould
and Russell Sage grew to a heated alteration.
Jay Gould broke down, and, il WIS said. actually
wept He tainted away and showed that his
constitution wss broken.
The dividend passed and the bull wave
receded. This action was at first charged 20 q
desire to manipulate the market that the
Goulds could cover their shorts" But when
the facts were made known Wall street at last
realized that lay fsauil had
course. Mr.. Gould Immediately set 10 work to
have his properties in such shape that hi>sons
could easily handle them.
He foresaw his impending fate. The tangles
which beset the Missouri. Kansas and Texas
and other railroads of Gould's in which he
was fighting for advantage. were straight
ened. Every one saw that he WAS marking out
the path which his must travel when he
WAS gone.
Last summer Mr.. Gould again broke down ut
a directors meeting. lie said to be con-
sumptive. His said that he was suffering
from a bronchial affection. In his private car
he went to the southwest and lived there for
three months.
He returned to New York in time for the
Manhattan Elevated aud Western Union annual
meetings in September. The once alert and
brisk man worked like an automatum. His
shoulders dropped forward. Great wrinkles
followed his cheeks and lack-luster stare re-
placed the keen, piercing glance that 20
familiar in his dark ewes. He moved around
like a man eighty years old, bent with the cares
of life
The Western Union about 10 issue q stock
dividend for the sl3 000O 600 surplus in the
treasury and the tnancier came away from the
scene of action triumphant. He had a number
of schemes relative TO the Western Union and
Manhattan in his mind. But nature asserted
its sway and they were deferred until his brain
could resume its accustomed vigor.
That day never came and Mr.. Gould for four
weeks transacted the principal portion OF his
business at his house, only making a few scat
tering and brief visits TO his downtown Office.
The family hoped that he would recover ~
usual. but the attack Of last Wednesday dissi-
pated all such hopes.
Little Effect the Market.
NEw YORK, Dec. 2.-The death of jay Gould
was generally known before the opening Of the
stock exchange. and brokers and traders had
full opportunity TO prepare themselves. The
effect on the market less than expected,
Missouri Pacific haring declined only ~ 20
81; Western Union only ~ TO IS; ManhHttnn
y to l2s. These are the stocks known as the
Gould properties, and Mr.. Gould has devoted
his attention In late wears TO their management
TO the exclusion Of everything else. Union Pc
cific, another property which he again took mp
about year ago, fell on y 20 S5ex. The een-
49, a.