The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1892-12-06

bedside. 1t was apparent to all that the
end was fast approaching. Mr.. Gould
seemed to realize the truth himself. No
pain attended the last moments of the
dying man. The end came peacefully
and quietly.
just before he died, Mr.. Gould, realiz-
ing that he had but little while longer
to live, expressed desire that all
the members of his family be called
that he might look upon them for the
last time. BE was perfectly conscious
and entirely composed, meeting the end
with calmness. His mind was clear to
the last, as was demonstrated by the
fact that he missed the face of a MEM
Der of the family who had left the room
for moment. His last words We're
IN the form of a request that he might,
at the closing moments of his life, be
surrounded by the beloved members of
his family.
His Wealth Trusteed.
Dow, Jones g. Company's news
bureau says: .'We understand that
Mr.. Gould has trusteed the bulk of HI
property during the life of his children
The three special stocks trusted are
the Western Union, Manhattan and
Missouri Pacific"
Wall Street Disturbed.
The effect of Jay Gould's death was
anMously awaited ON Wall street FRI
day. 1t was the concensus of opinion
among brokers that there would be some
selling of those properties but none
would admit that there was any fear of
an extensive selling. When the market
did open there was large crowd in the
board room, and for time there was
considerable offerings of the Goulders
The market then steadied somewhat
There was very little excitement at the
opening of the market.
Biographical Sketch of His Life.
Jay Gould was born in Roxbury, Della
ware county, n. Y, May %, 1886. His
and at the age of fourteen he entered Ho-
bart academy, and kept the books of the
village blacksmith. He acquired taste
for surveying and mathematics, and on
leaving school found employment in max
ing survey for map of Ulster county.
The accuracy of this work attracted the at
tention Of the late John Delafield, who ap.
piled to the legislature for aid in the com
pletion of a typographical survey of the
entire state by Mr.. Gould.
Mr.. Delafield died before any material
progress was made, and Mr.. Gould under
took to make the surveys unaided. Dur.
ing the summer of 1853 young Gould com
pleted a survey of Albany county, and sur
veyed and mapped the village of Cohoes,
and IN the following year made the survey
and map of Delaware county He organ
lied and dispatched parties to survey Lake
and Geauga counties, o., and Oakland,
Mich.
He had accommodated 5000 from these
surveys. When but twenty years old
Gould published n History of Delaware
County" and while protecting other sur
veys was FRUSTRATED with typhoid fever
On his recovery he became acquainted with
ZSdoc Pratt, who sent him in the western
part of the state to select a sight for q tan
merry n,a, He those fine hemlock growth,
and with Mr.. Pratt was soon doing large
numbering business. Subsequently he
bought out Mr.; Pratt's interests and con-
Quoted the business alone till just before
the panic of 1857, when he sold out his en-
tire plant He then became the largest
stockholder and director in the Strouds-
burg, pa, bank. Shortly after the crisis
he bought the bonds of the Rutland and
Washington railroad at ten cents on the
dollar, abandoning every other interest
and putting all his money into railroad
securities. For a long time he was presi-
dent, treasurer and general superintendent
OF this company
II was Jay Gould who brought about a
consolidation of the Rensselaer, and Saratc-
ga and Rutland and Washington roads and
with the proceeds he moved to New York
city in 1850. He established himself AT
once as a broker and invested heavily in
Erie railroad stocks. He entered the di
rectory of that company and became pres
1dent, holding the Office until the reorgan-
ization OF the directory in 1872 He next
made large purchases of the stocks of the
Union Pacific, the Wabash, the Texas Pa.
cific, the st. Louis and Northern the Mis-
souri, Pacific and the Missouri, Kansas and
Texas Railroad companies, taking the lat
ter out of the hands of its receiver He
also invested deeply in the stock of the At
lantie and Pacific Telegraph company and
on its consolidation with the Western
Union IN 1879, he organized the American
Union, which two years later merged into
the Western Union.
In December, 1880. official record,
showed that Mr. Gonss xvaa In control n,
10000 miles of railroad, or more than one
ninth of the tatire mileage of the country.
Early in 1881 he became interested in the
elevated railroad system of this city. A
doubt having been cast upon his financial
standing he summoned several gentlemen
90 his private Office on March 10. 1852, and
spread before them for examination GER
tlhcates of stock having face value of
$4,000, 900. all in his own name, and of
IeTea 70 produce -, coo more If desired.
controlling interest in the st. Louis and
san Francisco railroad company, which
mas an aggregate mileage OF nearly 800
miles, and IL a joint owner with the At
Gibson. Topeka and Santa Fe railroad COM
pany, of the Atlantic and Pacific company.
VI Mr.: GQuld's career since he began to
operate in Wall street, columns might be
S Mrl.ten; We're the story not pretty well
Erie, the BLACK Friday and other
episodes are familiar to most New Workers
and have been often retold. Suffice it
TO say that from the time he went into
wall street Gould forged straight ahead;
there was no going backward, and but lit
tie standing still.
Line after line of railroad fell under the
control OF this man, whom other financiers
failed the Wizard of Wall Street, until
thousands upon thousands of miles of road
We're to all intents and purposes his own
With single move in the stock market lac
Gould Affect financial matters not only in