The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-03
JAY GOULD'S LIFE ENDED
HE DIED OF CONSUMPTION YES
TERDAY MORNING.

the Stock Market.
NEW YORK, Dec. 2-JaY Gould died at
9:15 O'Clock this morning Of pulmonary
consumption. At the time of his death all
the members Of his family were at his bed
side, most OF whom had watched there
through the night. His death was not un-
expected, as Mr.. Gould had been unoon-
scious for several hours. He leaves four
SONS. George. Edwin, Howard and Frank,
and one daughter, Helen. Mrs. Gould died
about two years ago.
The real condition of Mr.. Gould's health
was not realized until year ago, when he
broke down in the famous Missouri Pacific
meeting. This occurred in November, 1891.
The Missouri Pacific railroad was Mr.
Gould's pride. He had built 10 up and had
made it a dividend-paylng road. He was
very jealous OF the reputation which the
Vanderbilt roads enjoyed, and always
pointed to Missouri Pacific when he was
charged with being railroad wrecker and
not a railroad builder. The Gould boys at
the time were reported 70 be heavily
'short" of the market. The great bull
movement, based on the enormous
crops OF the year, was in progress.
A FAMOUS MEETING.
The directors Of the Missouri Pacific met
and both Mr.. Gould and his son George
favored the passing of dividend. Accord
ing TO the reports at the time, Russell Sage,
who was long of the market, was violently
opposed to the move s. s. Sloan was the
conservative president of the Delaware,
Lsckawanna and Western railroad, and
also DIRECTOR of the Missouri Pacific. He,
too, was opposed to the step. The debate
between George Gould and Mr.. Sage grew
into heated alteration. Jay Gould broke
down, and, it was said, actually wept. He
tainted away, and showed his constitution
broken. The dividend was passed and the
bull movement was restored. This action
was first charged to manipulation Of the
market so that the Goulds could cover their
shorts, but when the facts were made known
Wall street at last realized that Mr.. Gould
had nearly run his course. Last summer
Mr.. Gould broke down at directors meet
ing. He was said to 5e consumptive. His
sons said that he was suffering from a
bronchial affection. In his private car he
went to the southwest and remained there
for three months.
THE RETURN TO NEW YORK.
He returned to New York in time for the
Manhattan Elevated and Western Union
annual meetings in September. He moved
and acted like man S0 years old, bent with
years Of life. The Western Union was about
to issue a stock dividend for the $l3, ,0O0, ,0e0
surplus In its treasury and the financier
could not keep away from the scenes of his
triumph. He had number of schemes rel
ative TO Western Union and Manhattan in
his mind. But nature asserted its sway and
they were deferred until his brain could re-
sumo its accustomed vigoT. That day never
came and Mr.. Gould for four weeks has
transacted the principal portion of his BUSH
ness at his house, only making a few scat
tering and brief visits to his downtown
office. The family hoped that he would re-
cover, as usual, but the attack last Wednes-
day dissipated such hopes. Mr.. Gould at
the time of his death was So years of age.
UNKNOWN FOR HALE AN HOUR.
The news OF Mr. Gould's death was un-
known outside of his house for half an hour
after. The first authentic verbal news Of
the event came from the colored butler,
who, responding to inquiries, verified the
report
ALI day yesterday contradictory reports
about his condition were circulated. but
late in the evening it was acknowledged
that he was failing fast. At o'clock this
morning he seemed to rally and the family
retired. but at daylight his condition was
more alarming and the family again as
sembled at his bedside. II was apparent to
all that the end was nenr, and Mr.. Gould
seemed himself to realize the truth. The
end came peacefully and quietly. Just
OciOic uSdtu OOulu lLb Ap
pToach, expressed O desire to zee the menu
oers Of his family. He was conscious and
entirely composed. The meeting ended with
calmness His mind was clear to the last,
as was demonstrated by the fact that he
missed the face of member of the family
who had left the room for a moment. Mr..
Gould's last words were in the form Of q
request that he might, at the closing
moments of his life, be surrounded by the
beloved meInbers of his family
The servants were informed OF the death
Immediately after its occurrence.
CAUSED BY CONSUMPTION.
The physicians have not stated definitely
the nature of the recent illness, but is is
generally believed that it was pulmonary
consumption. Mr.. Gould is seid to have
had several hemorrhages. the first occurring
the day before Thanksgiving, another a few
days later, and still another a few days ago'
Mr. Gould bore his suffering bravely, and
was grateful for all that was done for him.
Mondays services will be simple and uu-
ostentatious in accordance with the wishes
Of the deceased. The services will be held
IN the family mansion and conducted by Dr.
John r. Paxton, assisted by Chancellor
McCracken and Rev. Mr.. Roderick Terry.
The interment will be at Irvington-on-the-
hudson, where the body of Mrs Gould re-
poses.
HIS PROPERTY TIED UP.
An important announcement in reference
70 the Gould interests was to-day made by
Washington K. Conror, who until few
Years ago was business partner of Mr..
could. Mr.. Co32nr said: "Tbe bulk of MIR.
Gould's property has reen placed in the
hands Of trustees, thus effectually tying up
his interest in such corporations as Man
haitian, Western Union and Missouri Pacific.
This will prevent the Gould interests being
divided or the stocks going on the market.
MIR. Gould had not been active in Wall
street for some years. For two years past
practical management of his a. irs has
been in the hands of his son George. Mr..
Gould's death does not change the intrinsic
value OF his properties an iota.n
Chauncey NJ. Depew said: "Mr. Gould
had been for some time unloading his prop
erty upon his sons Edward and George,
who are now identified with most of his
property, which is 80 concentrated that ii
will not be affected by his death. The boys
will carry ont their fathers policy, and
do not think bis death will either affect the
market temporarily or in the future"
STOCKS FAIL TO BREAK.
The effect of the news of Mr.. Gould's
death on the stock exchange this morning
was anxiously awaited. There was an in
terval of nearly an hour between the time
the first news of his death reached the street
and the opening Of the exchange, and
nothing else but the death Of the sage finan-
81 ~ = 4.