The times. [volume] (Richmond, Va.) 1890-1903, 1893-11-18

factory. One Of the troubles over there
is that there IS no competition nor riv-
airy"
1T is commonly believed that the West
ern Union has an understanding with ths'
telephone companies"
That Is not So" said Mr.. Gould, posi-
lively The telephone and the telegram
are friendly and Will advance hand III
hand. We have never discouraged nor
embarrassed nor attempted to choke OH
the development Of telephone service.
III your fortune were cut in half or
materially decreased, would II make you
unhappy"
NO: | think not on the contrary
rather expect that If had less properly
20 look after ! should not work SO nara
and / should have great deal more
leisure"
what are the ethics Of Wealth.
In general terms | believe firmly that
a wealthy man owes certain duties 70 ,le
public. OF course each one judges pest A''
himself what his duties are.
mir. Gould, what is you theory OF cnar-
ty?"
AS have Just said" Mr.. Gould re-
piled. with earnestness. 4 believe lu@t
rich man owes certain duties TO MS reno"
man. As 10 the question Of charlty IA
broad sense, as to the founding OF Puotto
institutions or the distributing OF idse
sums I'm charity-on these matters
have not fully made up my mind am
still a young man. and do not kno" tha'
have vet given the thoughtful attention
to this very serious question when IL de-
serves"
How did you happen 10 build your los
hut IA the CstskitsT'
"T am exceedingly fond OF outdoor life,
and this is an ideal spot for entire rest
and freedom I did not build an elaborate
summer home. and my cabin - thoIouSnly
in harmony with the surrounding ana the
primitive sort OF life which Mrs. Gou1a
and myself enjoy 50 much.
do YOU devote much time TO reading?'
IAN. / am very sorry 10 say that lat
| terIv I have had very little time 10 read
| as much or as thoroughly as / would de-
/ sire. / have always been particularly
! fond Of scientific works and have made
earnest studies in the sciences. In fact
! | presume that If / had not been placed
! in the position that l am l should pro-
badly have devoted myself 70 scientific
/ work"
! What Is your theory OF the legitimate
| aim aud scope OF journalism"
"The American press is good public
| conscience. As whole the American
[ press is Well and worthiiy conducted ana
serves a good purpose. / think In tact'
| il rs our greatest public safeguard It's
| value is incatcmabie In correcting public
abuses. exposing sham and fraud, and
! holding up 10 their duties negligent ana
! dishonest public officials. / think IL would
| be a most dangerous thing 10 hamper the
| freedom OF the press. which is one Ot our
! greatest American Institutions
Have you or your brothers any scheme
! in which you will use the tremendous
! leverage Of your many mHionsY'
| Nothing for the immediate future.
| said Mr. Could. with Indifference. our
| course viii be conservative careful ana
| prudent Great financial projects are not
so much the outgroWth of long-matured
plans as they are the result Of aYalllns
yourself Of favorable combinations OF cir
| cumstances at the proper moment We
have no lonR-dreamed-Of scheme 20 carry
through. our theory Of management IS that
projects and possibilities suggest them
selves when the field for action is ripe
For this reason l cannot say what we
| may do I'm the future, either with the
present Gould spec3ltes or in the push
ing Of any new enterprises.
your policy. then, I'm managing the
| estate intrusted TO you will not be a pro-
gressive oueY'
81 did not say that" replied Mr. Gould
quickly. "BIy theory OF management is
!
! tend our railroad or other properties I'M
less the time and circumstances warrant
Certainly, in a time Of universal depres'
sion. as at present. the only course is C
watch carefully what you have
Are you a telegraph operator Mt
| Gould?"
ION, yes" said Mr.. Gould. pushing a
bundle OF papers aside. 81 have KEY
here on my desk connected with all oui
railroad wires and 1 use il every hour in
the day 70 carry ON business, particularly
with ST. Louis and the local offices or the
Missouri Pacific. My knowledge OF tele-
GRANNY has been exceedingly valuable 20
me. No. my father was not an operator
but I have been OF very great service 10
him at times because 1 was able 30 carry
on business over the wires for him.
Are you a practical railroad man
"No. not I'm the same sense that am q
practical telegraph operator. l can take
my car over a line OF road and tell me
| condition Of the road-bed and OF the roll
ing STICK, and. i'm fact. gather an accurate
idea of the general condition Of the road
! and what repairs, if necessary. are essen
tfal. but as TO the running Of trains an-
the mechanical portion Of the railroad J.
/ Of course. have no experience