The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1892-12-09

had bought It at 90 and It was down T.
10 told him / will take half what
you have at that figure. He agreed
70 this and that was the way l be-
came the owner OF tho Cleveland and
Pttsburg. As soon as II was found that
there was some one there who could take
care Of IL the stock went up 10 100. took
the road and IL was very successful IL
paid dividends from the start and finally
sold 1t out to the Pennsylvania road.
HOW HE ACQUITTED THE UNION PACIFIC.
~ then went into The Union Pacific ROAD.
Imet HOracs Clark and Augustus Schen
out West and they gave me so good an &C.
count Of the road that / concluded would
buy il In. l telegraphed 10 New
York an order 10 buy at a GER
tin price. When Mr. Clark got
home he was taken Ill and IS soon as his
brokers 10 rned that his illness was to DO
fatal they sold out his stock. That broke
the market and filled orders which had
sent at a price lower than ever expected.
When l got home / found myself
the owner OF large amount Of
this property and at once inquired
into rs condition. harmed that 1t was
saddled with large floating debt and that
there were 10 million dollars OF bonds com.
ing due within month. It was in rather
blue condition. The directors were con-
sulting who should be the receiver.
made up my mind would carry II through
and / told them that II they would furnish
half the money to pay the debt would
furnish the other half. The
stock went down to 15 It was a large
lO9s, but stin | kept right on buying, so
when the turn came there did not seem to
be any top TO it. II went up to Is and
Immediately went to work 10 bring the
road up went out over it, started con
mines, and to the surprise Of everybody IL
soon began 10 pay divide II Is and has never
passed dividend since"
mrs VARIOUS OTHER ENTERPRISES.
This is as far rs Mr. Gould's actual tes-
timonV went. He did not keep the Union
Pacific long, but sold out at a big profit.
He then bought the Missouri Pacific, not
TO make any money out Of IT, he told the
committee, but Just to see what he could
do. 1T was mere play hing" he
said. 81 had already passed
the point where carJ1 about the
mere making OF money. When took the
Missouri Pacific 1t was earning SO, % q
week. l have just got the gross earnings
for the last month and they amount TO
s., 100, 00l, and we have accomplished that
result by developing tho country, and
while we have been doing this we
have made the country RICH develop
ing coal mines and cattle raising
as well as lho production OF cotton We
have created this earning power by devel-
oping the system. The roads pass through
tho states OF Ohio, Illinois, Michigan, Iowa,
Missouri, Kansas, Nebraska, Arkansas,
Texas, Louisiana and the Indian territory
and we go into Mexico"
He also informed the committee In re-
spouse to questions that he was at that
time (l892) director in the Chicago aud
Northwestern, the Chicago and Rock
Island, Delaware, Lackawnna and West
ern, New York and New England and
good many smaller roads.
He was also interested, he said,
In the Western Union and
Atlantic and Pacific telegraph companies.
Mr. Gould said nothing at all about his
connection with tho Erie deal, by which
he and James Fisk, jr., acquired control
OF that great property. But In his
narrative he covered pretty generally
all the events in his life up to 1888.
Since then he had not been an
idle man. For four or five years subse-
quent to 1852 he retired from Wall street
and remained away until about three
seen upon the wall. He announced that
b
interests. 1t was not until lS0l-01,
which were tho most extraordinarily
successful years in his career,
that he became at all active in his cham
piOnship Of any one property He OCCASION
/ ally took "hyer," to keep his hand in,
but did not appear to be interested in
any single feature. The first Iindica.
ton the world had of his having
come back to Wall street was in bis
assault on Richmond Terminal IN the sum-
mer of 1890, which resulted in his obtain.
ing control of that stock. Then followed
his brilliant coup in placing his son George
In his old position at the head of the Pa
| cific mail steamship company, and later in
November, the eliminating feat Of his
great triumphs the recovery Of the Union
| Pacific.
HIS FAMILY AND DOMESTIC LIFE.
Tho domestic life Of Jay Gould was ex-
tremely happy and simple. He was alb
solutely averse to Society entertainments
or amusement3. He was devoted to his
home life and was extremely fond Of the
only people in whom he had complete trust
his family. During the last few years Of
hiS life he went out nnong men more than
ever before
His wife, who died In 1888, manifested
no liking for society life. So little
was known of Mr.. Gould's home life
that not hundred people in New York
could tell how many children there
were in the family, although
In travelling Mr.. Gould was Invariably 40
Commpanied by at least one of his boys,
the eldest OF whom George, is now about
80 years of age. Edwin, the next, is %;
then comes Nellie, who is 80. There are
three Others the youngest Of whom is IA
Since Mrs Gould's death Georges wife,
who was Miss Edith Kingdom, an
actress OF Augustin Days company, has
been mother to the youngest children,
besides caring for three little ones OF her
own.
Gould's Death Has No Effect In London.
LONDON, Dec, 9.-The announce ment
of the death of Jay Gould had no
marked effect on the stock market.
Union Pacific shares sustained frac-
tiOnAl relapse, but recovered immedi-
ately afterwards.
Knapp and EIs Partner Free.
KANSAS CITY, No., Dec 3.-E Il
Knapp the messenger Of the American
express company who stolo 81, SOC
from the company in Chicago, and
who was caught here yesterday by the
police, and his friend, H. w, Blood
good, the railway postal clerk whC
helped him spend some of the stoler
money, were both taken back TO Chi
cago last night in charge of Superin'
I