New-York tribune., 1894-01-06
MISSOURI PACIFIC RUMORS.
CEORiE J. GOULD SAYS THERE WILL IF:
- RECEIVER
EMPHATIC DENIAL. OF WALL. STREEK TALK-ME
C6rLD'S CONTEMPLATED CHANGE or RN>I-
DEyCr-uIs EXPERIENCE WITH THE

c,r1D's CONTEMPLATED CHANGE or RE>I
DENCE-uIs EXPERIENCE WITH THE
| "CRANK' At LAKEWOOD.
When George i. Gould came to business IN the
CITY Yesterday H. found host Of inquiries regard
! ING an experience he had with a harmless crank
n. Lakewood y j. and respecting more important
rv,,ors concerning the Missouri Pacific Railway.
OF which ho Is president the start yes
ter,lav the bears AT the Stock Exchange made
vigorous "riye a Missouri Pacific stock ana the
price was depressed 20 ls' ending ut 1872. against
q nj Thursdays close ~ the market The 'ransac-
tlons in Missouri: Pacific unusually large.
amounting TO nearly 5000 shares. and all through
the lav reports were clrc.Ilaiei thnt tho company
was on the verge OF being placed In the hands or
receivers Gossip far as - say that W ms
low s Pierce Of ey-judge Dilon's law hrfn was
TO be made Of the receivers TIE bear attack
was supplemented by the unfavorahle statement OF
December gross earnings which made by the
Missouri Pacific in common with numerous other
roads The official dcnias given 10 IN" receiver
ship rumors effected only slight raily In th" price
OF the stock owing 10 the unfortunate skepticism
which has been bred in Wall Street by The results
that have followed official dcnais of insolvency In
several conspicuous instances in the last few
months
The amount Of the floating debt of the Missouri
Pacific Is not known. hut II is understood to be
practically held In entirety by the estate oi Jay
Gould and by Russell Sace For ~" the gross earn
ines Of the company s2.G75oo' below those cf
lsg2 but the cornrany has practised rigid econo-
mics IN every direction and the net results are by
no mean, 50 unfavorable. II has been urged by
many railroad who are well aware oi the
danger Of floating debts that there was safety for
the Missouri Pacific In the fact that its umhinded
obligations were being carried by the managers OF
the property and not by outsiders. Win anlpie
collateral security protect the moneys advanced
by JAY Gould and Russell Sage IL has been di-
cult 20 discover a motive for the creditors 70 seek
the protection Of the courts II IL true that were
II not for the knowleie" that the managers or the
road were carving its noating debt crcdonce would
be given by Wall Stree 10 the theory that "A re-
ceivership was probable lIut Mr. Could emphati-
cally rcpudatcs the idea and asserts that there need
not be the slightest fear Of thc ability OF tht COM
pany 70 meet it's fixed charges.
AUTHORS or TIE ErMoES SHOULD BIZ PrT;SIiED
Mr. Could said. with warmth y'st"rlnT; The
circulation Of these rumors IS outrageor' The
authors ought 10 be- hunted dowr and punis"ed. but
even that would probably not stop their repetition.
Here Is n staten-'t which ! have dictated IN re-
gard 10 ,o-lav'g stor'''":
There Is absolutely ~ truth in the story Of
recelvership for Missouri PacIhc. II has never
been considered 10y anybody connected with the
company Non. OF tho COMPANY - lawyers has ever
been consulted H. regar! to such question. The
floating debt T. held entirely by NJ. Sage ana my
fathers estate and won't give tn" company any
trouble IN the future ~ It has not IN the past. The
earnings Of the company are N. the sam" as al
mos; every other company IN he United States.
but they are not OF in proportion much as most
OF the other companies.
our accounts for the year not made up
but We expect 20 show our Interest fully earned
our November accounts are not fully made up. hu,
when they are can prcIc, much more accurately
how We will come ou' From Approximate state
I i.ufl.r believe
earnings for November will show decrease of
xsGr | expect io our fulI interest earned. II
any iondholde- doubts my dental OF ne rcccivership
he can send his February coupons IN and we
will pay them less per cen; interest Mr.. calcf
the treasurer has the money IA bank to DO II.
- There was never a time in the history OF the
company when orr trea asurcr's office IN - Louis
was 81 closely pail NJ and financially as clean as
IL - today and hs applies 70 the ir"aTurers Office
In Ncw-Y ss well
"'ln regard 20 the prirr of the stock &; has been
driven down very lai-y y by men who are iearshly
inclined on the market. and wnp very often use II
~ Ill, {, g. r,n-o,cc,rl fr,rn n nark.t r.ln, ID,
view our earnings began 70 decline earlier than
those ~ tho Chicago !!n'. bcca.s' ih"ir earning
were kept up 20 som, extent hy Words Fair bust
moss which dl1 not help thc Misson:. racin' nni
which; IN fact. vas q ai,ad v"n,as i.ctus' ~
viii not have this 90 contend with
In reseri 70 onr aecrea,e IN 80, earninfs ihe
tho last week This year. against one SUNDAY Ia a."
corresponding week iasi year ana ihsfc irlns Ten
crease per day it makes w"ekl; dTcIcas" fr the
last week much more Tr. n3uncel i"'n II "oI'' tn
an ordinary sevenday weok.
4 TrEx FOR TIE HITTER rHEpr TED.
" ,;o,,I1 add-i that h. believed that thee
r,ould soon be q turn for tho better IN railroad |
and general business conditions. Il believe" he |
said that there will be considerable improve |
men, hy spring and II the crops are good the |
outlook VIII become decidedly brighter. consider !
the new trunk line pool important and signin-
,ort d.yeopmcnt / belleye II f. fully IN accord |
y,ifh th.. Interstate Commerce law Thor" IL no |
alternative brtwccn an arrangement Of this sort
md a contnuanc" " conditions which VIII result |
m on.. big company absorbing all the smaller
an n. principle ~ the survival IF the nt,cst II
ooks to me AZ II tn" worst had been passed In the
Sr could sad that he had no Intention u taking
LA ira =, Geo him ~ lakewood y and collie, |
, mythical 10000 which b" thinks sir Gould prom
scd to give hin. chick went 10 the Could cottage
At Lakewood on Thursday afternoon. but was nm
lble 10 get al Mr. Could He then went 20 hotel |
where the Goulds were giving IA dinner and sent In
! note telling Mr. Gould that he would better |
invite Distrct-Attorney Rdgway 70 tn dinner and |
lance. as that gentleman stood The beg; chance
n the world OF becoming rrcsiden, Of the United |
states" Unable 10 secure reply. Chick went
Il. was seen by Mrs. kingdom. Mr.. Gould's wifos
mother. who persuaded him TO 30 away. Yesterday
or this city. Chick came NJ and cndc, vorcd TO
,ress his claims. but Mr. Could turned him away
Gould said that ne did not know the man. and |
lad never seen him before the experience at Lake
vood
Chick was formerly a newspaper man. and was
connected with The AlIine an publication
published on a handsome scale some fifteen years
go. He has lately been endeavoring To- raise "A
Million dollar fund - consolidate the Adeyhi Acad-
my brooklyn Institute and Polytechnic Institute
nto biz educational trns'. With this idea In
lew he made several visits recently newspaper
nices in Park Row. He IL said To have been
n asylum fT the insane. He has been writing
ctters frequently OF late TO District Attorney
sidgway. Of Brooklyn in which ne has talked much
bout the danger Of revelations ~ the secrets OF
cI In "a ah.
quarey built. with bushy black hair. mixed with
ray and full bcarl He talks nuen,ly and plaus-
bly,.
He WILL. PROBABLY LIVE IN TIE COUNTRY
Mr. Gould yesterday declined TO discuss the ru-
nors that he intends to surrender hs citizenship In
Sew York city. II IL known. however. that h. has
.rtuany decided upon the change Eyllence OF the
nct was lurnlshcl by The recOrle.l irn,Lafnr VOC