The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1892-12-13

the kind of credit he referred to. 1t was
the credit of having the ability and purpose
OF keeping bis financial obligation. Capt.
talistS might not trust him by investing In
his companies or specializing in his securi-
ties, but they never doubted his credit
using the words in the technical sense. He
never repudiated obligations as Fisk did, or
sought to confound with his personal crcdi-
tors when caught in Il corner.
These two principles he instiled into
Georges mind and all the rest was a matter
of experience He took George into one Of
his directories soon after the young man
was tWenty-0ne years Old. and there for a
year or two the son was Initiated into the
mysteries of the b0ard-room. For q long
time the young man was only a silent spec
tator, listening we'll. and voting with his
father.
Responsibilities were placed gradually
Upon the Young hnancier. He gave much
of his time 10 the Missouri Pacific system
mastering IFS details until he knew that
system rs well as his father Mir. Gould
has said hat his son never failed to meet
IN exactly the right way every responsible
~. and that there had not been Il single act
or George, done on his own Judgment which
was not precisely the right thing to do
IrininG tests We're followed by greater
ones. The younger Gould became an exc
cuuvo officer in many corporations and no.
fore he was thirty. was an executive power
in Missouri Pacific, Manhattan Elevated.
Western Union, and q number of minor
corporations. His ambition was kindled so
mat nc desired to win repute as tiuancier.
1t was the opinion Of those who h.vo
watched young Gould closely that he want
ed to be known not merely as Jaw Condos
son. but as George Gould who could bandl,
fortune as impressiyely as his father had
made one. -'''N
Recently George Gould has done soma
thing that has convinced the greater can
ltalistS that he has some of his fathers
tefycr OF resource III great emergencies Mr.
Gould was in. the far west sick. a secrota
movement had been under way for some
lilne 10 secure Il stlfhcient amount Of the
stock of the Union Pacific TO Dust the
Gould party from control George heard of
II. and at moment when time pressed
His own repute was involved 70 be beaten
was to be III a measure discredited. He had
the odds of Il great foreign interest against
him. lime was in their favor, not his
Powerful and hostile Wall street influences
had been i'll secrcte working to undermine
him. For three days the young man dis
played such energy and fertility of resource
as JAY Gould might himself have been
proud of, and when by reason Of his counter
tratcgy George Gould won the battle. the
first desperate one he had undertaken, there
was no longer question whether the father
had been misled by paternal interest in his
judgment of the son.
Exactly what George GOuld did upon this
occasion he himself alone knows. 1t was
enough for the beaten million to know that
he had won and won fairly.
What the GouJds VIII DO.
Two of the three great properties Mr..
Gould left are practical monopolies with no
great danger of ever being compelled to
face dangerous competition. The Western
Union and the Elevated Railway companies
of New York are 10 longer experiments.
They are money makers. Investment in
their tsecuritics are regarded almost as per-
| manct as government bonds. They need only
| to be so ss.anaged as to be equal to the de
| mands 4<@ anualy increasing business.
/ Ii is ,,ith the great railway system of
the southwest that The constructive and
organizing abilities Of the new Goulds will
| be chiefly occupied. Mr.. Gould is said to
| have told his sons that with the develop
ment of that country the securities Of this