Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-12-03
Jay GOULD DEAD.
The Great Financier Passed Quietly
Away at 9.l5 A. N. Friday.


SEw YORK, Dec. 2.-Jay Gould the
great figure in the history OF Wall street,
died at his home on i7th street, and Fifth
1 Avenue ut y.l5.
/ The cause of his death was pulmonary
co sumptio All night long the members
/ of Gould's family were at his bedside.
Early last e ening it became known that
/ his death was only a matter of hours.
! He had never rallied after he had a
/ hemorrhage of the lungs on the dsy before
/ Thanksgiving.
| He had smother hemorrhage two days
/! later and still another last Wednesday
/ This announcement was q surprise TO all
bat the most intimate acquaintances of MIR.
Gould. II has all along been supposed
that he was suffering from nervous dyspep-
/ sia.
The death of Mr.. Gould was generally
known before the opening of the stock
exehangeand brokers and traders had full
opportunity 10 prepare themselves. The
effect on the market was less than had been
expected, Missouri Pacific having declined
only 5-s to "a. Western Union 3-s to S.
and Manhattan only i2 to l2s. These are
the stocks known AS Gould properties and
Mr.. Gould has devoted his attention in late
years 10 their management TO the exclusion
of everything else. Union Pacific, another
property which he again took up about a
ear ago, fell OFF - to IS 81.
Jay Gould was born in Roxbury, Della
ware county. y. Y, May %, ls3G. His
early years were spent on his fathers farm,
and at the age of IA he entered Hobart
Academy. New York, and kept the books
of the village blacksmith. He acquired
taste for mathematics and surveying, and
on leaving school found employment in
making surveys for a map of Ulster county.
Tne accuracy of this work attracted
the attention of the late John Della
field, who applied to the Legislature
for aid in the completion of Il
typographical survey of the entire state by
Mr. Gould Mr.. Delaiield died before any
material progress was made, and Mr.
Gould undertook to make the surveys un-
aided During the summer of 1858 he
completed a survey of Albany county, and
surveyed and mapped the village of Cohoes
and in the following year made the survey
and map of Delaware county, and organ
lied and despatched parties TO survey Lake
and Geauga counties, Ohio, and Oakland
county. Mich, From these surveys he ac-
cumulated 5000, which was the founda-
ton of his immense fortune.
There has not been man in America or
in the world at large in recent years who
absolutely owned and controlled and had
re gistered in his own name AS many stocks
as Jay Gould. 1t is no exaggeration to say
that he has drawn more revenue from his
invested capital than any other living man.
In order that some idea may be had of
his wealth. it is simply necessary to take
three of his stocks ManhsGtan Elevated
railway, of which he owned and had regis
tered slO, 900 900; Missouri Pacific, Sl2,-
800 900, and Western Union Telegraph,
s25 900 900.
On these three, independent of his vast
number of bonds and other dividend paying
securities. he has drawn for dividends over
- 900 900 year. His income from other
sources, Of course, amounts to four or five
times as much.