Evening journal., 1892-12-02
Jay GOULD is DEAD.
he Little Wizard Succumbed
to Disease This Morning.
FHE LIFE OF A GREAT FINANoIER.


Fortune of Many STinions-Extensive
n Purchase of Railroad stock-Efect of
8 News of His Death at the Stock Eek
change,
New YORK, Dec. 2.-Jay Gould, the
treat fnancier, died this morning at 9.15
o'clock.
The news was not made known to those
3outside the house of the millionaire for a
half-hour after the event. The first
Il Nauthetic and verbal news of the Tevent
&osme from the colored butler, who came
s. to the door of the Gould mansion and in
.2response to a question said in a choking
voice, eyes Mr.. Gould is dead"
s Mr.. Gould died surrounded by the mem
Xbers of his family and faithful physicians.
fAll day yesterday and in the evening con-
Il Trajectory reports regarding Mr. Gould's
4condition were circulated, but late in the
evening, however, it was acknowledged
B that he was failing fast and that in all
& probability he would not recover.
However at o'clock this morning he
seemed te rally somewhat and the lights
q were turned down and the family retired
e to try and get some rest. DR.. Mum and
s the nurses remained with the patient.
At daylight Mr.. Gould's condition
became more alarming and gradually
the members of his family again assem-
bled at his bedside. 1t was apparent to
all that the end was fast approaching.
Mr.. Gould seemed to realize the truth
y himself
No pain attended the last moments of
the dying man. The end came peace
fully and quietly.
Just before he died Mr. Gould realiz-
& ing that he had but little while longer
to live expressed a desire that all the
members of his family be called, that he
might look upon them for the last time
He was perfectly conscious and entirely
composed, meeting the end with calm
ness.
Dow, Jones & Co. s bureau says: eve
understand that Mr.. Gould has trusteed
the bulk of his property during the life
of his children The three special stocks
trusted are the Western Union, Man,
haitian and Missouri Pacific.
The Great Financier's Life.
Jay Gould was born in Roxbury,
Delaware county, n. Y. May 27, 1886
His early years were spent on his fathers
farm and at the age of IA he entered
Hobart Academy and kept the books o.
the village blacksmith
Ha oocrfraI a 4or4o Fo. c,,-,vo.rt,,r~ ~
mathe matics, and on leaving schOo
found employment in making survey
for man Of Ulster county The ac
curacy Of this work attracted the atten
tion of the late John Delafeld, who ap
piled to the legislature for aid in th'
completion of Typographical survey o.
the entire state by Mr.. Gould. Mr.. Della
field died before any material progress
was made and Mr.. Gould undertook t.
make the surveys unaided
During the summer of 1858 young
Gould completed a survey Of Albany
county and surveyed and mapped the
village of Cohoes, and in the following
year made the survey and map of Della
ware county. He organized and dis
patched parties 10 survey Lake anC
Geauga counties, Ohio, and Oakland
Mich.
He had accumulated So, 600 from thes
surveys. When but 20 years of ag
Gould published "a History of Delawar
County" and while projecting other SUI
veys was Frustrated with typhoid fever
On his recovery he became acquainte
with Zadock Pratt, who sent him int
the western part of the state to select
site for tannery. He chose a fine hen
lock growth, erected a saw mill an
blacksmith and. with Mr.. Pratt, VIZ
soon doing a large numbering business.
Subsequently he boughts out M
Pratt's interests and conducted IL
business alone until just before the pan
of 1851, when he sold out his enti
plant. He then became the large
stockholder and director in the Stroud
burg, Pa. bank.
Advent Into Railroad Circles.
Shortly after the crisis he bought Il
bonds of the Rutland & Was
ington railroad at ten cents on Il
dollar abandoning every other intere
and putting all his money into railrol
securities. For a long time he was pr
sident, treasurer. and general superi
tendent of this company.
1t was Jay Gould who brought abo
a consolidation Of the Rensseler & Ss
atoga and Rutland & Washington road
and with the proceedS he removed
this city in 1882 He established hii
self at once as a broker and invest
heavily in Erie railroad stock.
entered the directory of that compa
aud became president, holding the off
until the reorganization of the directo
in 1872.
He next made large purchases of I
stocks of the Union Pacific, the Waba'
the Texas Pacific, the st. Louis & Mort
ern, the Missouri Pacific and the M
souri,, Kansas & Texas railroad compl
les, taking the latter out of the hands
its receiver He also invested deeply
the stock of the Atlantic & Pac
Telegraph company and on its cons
idation with the Western Union in Is
he organized the American Union, VIII
two years later merged into the We
ern Union.
Controlled 10000 Miles of RailrOa'
In December, 1880, official reco
showed that Mr. Gould was in contro
ten thousand miles of railroad, or m
than one-ninth of the entire mileage
A. .o,,.4~, Eoriv In 1881 lo hqes