The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-12-03

were made by Gould's opponents TO oust
him and his faction from Erie control, 6nd
he was deposed from the presidency ana
John A. Dix elected In bis stead. Gould
still remained one of the directors
An attempt was made by Gould IN 1869 TO
corner all the gold in the country. FIFTY
millions of dollars was the prize aimed at.
The price OF gold In March of that year
So~aht worth az and pns np
tho price TO 40. A few days later gold rose
TO l44 On Sept. 81. the famous BLACK Fri
day" Gould unloaded his holdings and
sold large part of his gold at leo. A little
an Of aoS tSs
treasury. The corner collapsed and hun
dreds of business mon and spectators
were ruined.
In the Pacific railways Gould began buy
quired 200. 900 out Of the S67. 600 shares and
assumed the management of the road. In
1876 he bought Kansas Pacific. Wabash.
Texas Pacific. Sc. Louis L. Northern. Mis-
souri, Pacific and other stocks, taking the
Texas road out of the hands of the receiver,
and realizing in the management of these
lines many millions OF dollars, In 1881 Mr.
Gould turned his attention to the New
York system Of elevated railroads. The
Manhattan Railway Company, reorganized
in 1880 on its present basis. with Mr.. Gould
as president and his son George Gould as
first vice. president, operates 32.4 miles of
road, with assets of s54. 100000. Mr.. Gould
invested deeply in the stock of the Attain
tic & Pacific Telegraph Company. and in
1879 organized the American Union Tele-
graph Company. which,. in 1850. was
merged into the Western Union company.
In 1898 he acquired control OF the latter
corporation. and has since been . member
of Its executive committee. and his son
are members of it's directory.
pERsONAI CHARACTERISTICs
Jay Gould's personal appearance was not
of slight weight and build. slightly bent
shoulders and sharp, piercing eyes. looking
ont from q oountenance whose outlines
were expressive of the quiet but intense
nervous energy which could on occasions
be called into action. He wore . full
beard and dressed unostentatiously. On
occasions, as ct the famous meeting Of di.
rectors in Russell Sage's Office a year ago,
he would become greatly excited. At that
time nature gave out and he fell. apparent
ly ifeless. while arguing his point Since
that time he has visited his Office less fro
Quently. and had lald more and more upon
his eldest son the burden of his business
cares His life for the past few months
able, and all means that medical skill and
the interest of friends and relatives could
suggest were employed to prolong the
tinancier's life. He was taken about In
luxurious cars to places where milder air
and the absence of business excitemept
might be expected to work q recuperation
of his energies. Frequent reports during
the past few weeks as to has feeble condi-
tion were received, but were either depre-
GATED or denied by those near him.
Mr.. Gould married. shortly after coming
to New York in 1856, Miss Ella Miller,
daughter of wealthy New York citizen.
and bad five children. three sons. George
j.. Ed ward and Howard. and two daugh-
ters. Miss Helen and Miss Hannah Gould.
Mrs. Gould died Jan. 13, 1891. His eldest
son. George, who has succeeded to most of
his fathers business interests. married.
about SIX years ago. Miss Edith Kingdom,
and has several children. The next son,
Edward, married daughter of DR.. Shrady.
The other children are unmarried. Mr..
Gould was an attendant of the Presby-
terian Church of which Rev. John X. Pax
ton, ID. D., was pastor, and was privately
quite liberal In his support of il, though
not member of any church. His fondness
for flowers led him to make excellent col
lectlons of cbrysanthemums and orchids,
and other favorite plants, at his handsome
country home. at lrvington-on-the-H Hudson.
His conservatory cost over 100000. Mr.
Gould also INDUCED in yachting. and had
Ia, and became q member of the American
Yacht Club He was not q olubman. and
took no interest in such affairs No estl-
mates agree rs to the amount of Mr. Goul Id q
fortune. The most conservative figures
place it at about $4,000. 600, while some
people in Wall street place it at 100000.
600,