The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-12-05

/ life would De q virtual sketch OF the stock
movements Of his time. But there are GER
tain marked and monumental erAs or crises
in the life Of Wall stree. that were the pred
uct Of GOuld's brain when are Of general
interest The manipulation Of Erie was one
Of them. An idea Of the magnitude of
Goulds operations may be inferred from one
fact. On July l, 1858, when Gould became
| dictator OF Erie, the stock Of the company
amounted to 50, 265, 800, and ct the end Of
October, in the same year, il had risen 70
S51, t65, so, being an increase OF S23, sol 900
/ Ia four months. For years be literally con-
trolled courts, legislatures and boards so far
far as bis necessities called for central.
With the powerful backing OF the then
| dominant ring he had but to ask to receive
70 command-and pay-tO be obeyed-
Millions were as nothing 70 him. No one
| could guess by his countenance whether he
| was ahead 1908, 600 or behind Is, 900, 600
/ All endeavors 70 GUST him from bis dictator
! ship by legal procedure were unaveiling
De occupied the gorgeous apartments OF
/ the Grand opera house with Fisk aud an
/ army OF retainers, and vas as truly a mon
arch as any born 20 the throne. Before be
/ left the management the Erie stock YVES ex-
panded IN less than three years from $34,-
| 600, 900 70 tS6, 900, 00O-an increase Of $751;
100000.
BLACK FRIDAY"
An attempt was made by Mr. Gould in
| 1859 70 corner ali the gold In the country.
/ Fifty millions was the prize aimed at The
price of gold that year was 1907, the low
/ est in three years. Dir. Gould bought
| s., zoo, 900 worth at 1872 and put the price
up to 40. A few days later gold rose to
IA. On Sept. "a, the famous BLACK Fri
day." Mr.. Gould determined to unload his
holding as quickly as possible. Without the
knowledge OF his associates he sold large
part Of his gold TO his own friends at 100.
A little before noon an order came from
Washington to sell 81, 900 000 of gold from
the sub'treasury. The corner collapsed and
numbers of business men and speculat tors
were ruined.
RESIDENCE ON FIFTH AVENUE.
Mr.. Gould's residence, at 597 Fifth ave-
nue., Is not one OF thu most imposing build
lngs in the city, but has an appearance Of
quiet and solid comfort. II is large stone
building, which about three years ago was
modelled by Mr.. Gould from the former resi-
dence Of Mayor Opdyke at an expense Of
SoO,OOO. The interior Is richly furnished
with costly rugs hangings and fixtures, and
the furniture is Of heavy but comfortable
pattern. special feature Of tee house is
the dining room, a weinscoted hail. about
20x30 feet, finished In rich woods aud with
appropriate furniture. In the ceiling is a
large panel, on which is painted a scene
from mythology by famous artist Of the
modern French school. The room in which
Mr.. Gould died is spacious and airy one,
having a southern exposure. Mr.. Gould
took great comfort in his home, being a
man of domestic tastes, and Yves never so
happy as when surrounded by his children.
THE GOULD MAUsoLEUM.
Jay Gould will be buried in Woodlawn.
He was one Of the first to build a tomb in
that beautiful suburban cemetery. The
Gould mausoleum is one Of the most impes-
| ing OF the group Of tombs bulls by the
wealthiest and most prominent families in
New York. It is of gray granite, and oc-
cupies an eminence somewhat distant from
the entrance, so that it is not seen from
the railroad which passes by the cemetery
| walls.
The architecture Of the mausoleum Is that
| of Greek temple. The tomb itself stands
OF basis Of three granite steps. and, with
its sloped granite roof, is about 30 feet high.
The roof is supported on ali sides by rows
Of heavy granite columns, eleven to the
| side. The entrance is marked simply by
| three granite columns on each side Of the
heavy bronze doors leading into the mauso-
leum. These doors are extremely heavy
and richly ornate.
The interior Of the structure is arranged
| for vaults underneath and on each side. 1t
| is very simple and transformations. The My
| ornament is a rarey-stsined glrss wind ow
at the end opposite the door.
The body of Mr.. Gould will probably be
| placed IN the vault underneath the tomb,
over which there is heavy granite slab.
| The body Of Mrs. Jay Gould, who died in
| 1888, lies in this tomb.
Mr.. GoULD's WILL.
From various sources it was learned that
| Mr.. Goulds will made three years ago, will
| dispose Of the estate in this fashion, each of
Mr.. Gould's six children will receive abso-
lutely $5,000,000, and the remainder with
the exception of q few requests, will be held
| in trust Of permanently invested, the in
come to be shared alike by them.
Mr.. Gould has three sisters, two of whom
are Mrs. Northup and Mrs. Hough, and a
brother, Abraham Gould, who is an en-
ploye of the Missouri Pacific Railway
| Company. None of these relatives are very
well off , and 1t is likely that they will be
! literally remembered.
Russell Sage said: 1.-THE estate is fully
protected by the terms of the will. 1t is my
belief that the estate Will remain intact
| until MIR. Goulds two minor children come
OF age. George Gould is already a
| rich man. ] think the entire estate is worth
about $1,000 ,000."
A gentleman who knew Mr.. Gould very
well said: From what l know of Mr..
/ Gould believe he drew his own will He
| was naturally a secretive man and any inn
portanr undertaking he kept to himself as
much as possible. Many of his interests
have been in charge of his sons and of
other persons whom he could implicitly
trust"
| HIS CONFIDENCE IN HIS BOYS.
A gentleman who knows something Of
Mr.. Gould's private life said to a reporter
Of the New York Press, that he had
done one thing which very few rich fathers
ever thought Of doing, and which it would
be much better for them if they did do.
When George Gould reached his twenty
FIRST birthday his father called him into his
private office, gave him power OF attor-
ney which would have enabled him TO con-
troll Mr.. Gould's entire property, and also
furnished him with the combinations of his
private safes and deposit vaults. When
Edwin Gould was 81 years of age Mr.. Gould
made the same birthday present, excepting
that the power Of attorney was joint one,
the survivor in the case Of the Adeath of
either one retaining it. and be also gave this
second son the combinations OF his safe. 1t
was his intention to go through that i'm
pressive formality upon the twenty-drst
birthday of each one Of his sons, and this
ceremony Of itself awakened a sense OF re-
sponsi bility in these young men which has
been valuable, and which was precisely
what Mr.. Gould desired to develop. More
over, he knew that these instruments would
make it impossible for any disaster to come
to his property in case he became disabled
| or Suddanlv Ifad " aOpa ara pOOd al