Marble Hill press., 1892-12-08
JAY GOULD is DEAD.
THE WIZARD OF WALL STREET
IS NO MORE.
Passed Peacefully Away In New York
Friday Morning-Sketcho OF a Life That
Has No Parallel In tho Worlds
History.

NEW YORK, Dec. 5,-Jay Gould died
yesterday morning at 9:ao o'clock. His
troubles were diagnosed as consump-
tion of the stomach, supplemented with
a bilious attack. The direct cause of
Mr.. Gould's death, as stated at the
house yesterday, was pulmonary
consumption. The scene at the house
at midnight was not extraordinary.
1t was stated at that time that the
strong master mind had ceased
to battle for life. His children
were at his bedside and they
recognized that the hopes of the past
few days were vanishing and that the
end was not far off. They tearfully
admitted this to few close personal
friends, and then began the vigil which
only ceased when the last breath left
the body. DR.. Mum, his physician,
had DR.. Janeway in consultation, but
they said that nothing could be done
but make Mr.. Gould's last. hours
as comfortable as possible. When
the end came the members of the
family who were in the house were:
Mr.. and Mrs. George Gould, Mr.. and
Mrs. Edwin Gould. Miss Helen Gould,
Mr.. Howard Gould, Mr.. Harold Gould
and Miss Annie Gould.
The history Of Jay Gould, from the
barefooted boy who wandered over the
rough hills of Delaware county to the
railroad king whose wealth was esti-
mated at 500, 200, 900, is one of the most
remarkable among our self-made men.
Jay Gould was born in West Settle
ment, backwoods village of Roxbury,
Delaware county, N. Y, May 81, 1896,
He was the son OF John B. Gould, q
farmer, who was fairly well-to-do, and
who had been deputy sheriff in the
famous anti-rent war in the early '20's.
Young Gould was also cousin of
Alfred Gould, the inventor of the chain
well pump, and was closely connected
with the Mores, a prominent Scotch
family, and Others well known in the
county. His mother died when he was
an infant.
Mr.. Gould left home with so cents in
bis pocket and studied at Hobart
academy, in neighboring town. Here
he earned an extra penny BY keeping
the books of the village blacksmith,
eventually enjoying brief partnership
in the business. He was fond of mathe-
matics. and on leaving school found en-
ployment in making surveys for map
of Ulster county at a salary of SEQ per
month. The correctness of the work.
attracted the attention of John Della
field. who applied to the Legislature
70 authorize map of the State to be
made, in which Mr.. Gould would have
a prominent part of the work. The
work failed, owing to the death Of the
promoter, and Mr.. Gould, having
gained $4,000 or $4,000 through his
previous maps and surveys, wrote .
History of Delaware County"
After an unsuccessful attempt to
push the sale OF a patent mouse trap,
which he had invented. Mr.. Gould en-
tered into partnership with Zadoo
Pratt in the tannery business In 1856
the patent was sold, and Gould came
TO New York with quite an addition to
his fortune. He entered into business
with Charles D. Leupp, leather mer-
chant In the panic of 1857 Leupp's cap
ital was wrecked, but Gould managed
tocome through without severe loss.
Gould's father-in-law. Mr.. Miller, in
itiated the young fnancier into the
railroad business and sold him a num-
Der of shares in the Rutland & Wash
ington railroad at 10 cents on the
dollar. Gould showed so much inter
est that he was soon elected president
and general manager of the road. and
finally consolidated it with the Rens-
selaer & Saratoga railroad. When the
stock went up Gould sold out at q
handsome profit.
The general feeling in Wall street
was one of surprise. for so many times
has the report of his death been
spread, to be contradicted as soon as
certain effect in stocks had been pro.
duced, SO often, no later than yester-
day, was the old trick played. that it
became like the cry of "wolf' when
there was no wolf, and at length the
truth came to them as an unexpected
thing. Regret also, quite unfeigned
regret, that the famous millioniare's
career should close when he was only
81 years old, seemed to be felt by his
old enemies as well as by his former
associates. Wall street has never shared
the general opinion of the magnate,
that he was too hard, too grasping
even for Wall street, and their admira-
tion of him or their enmity have not
blinded them to his great qualities
which made him the most wonderful
inancier this country has pro-
duced