The Republican. [volume] (Oakland, Md.) 1877-current, 1895-08-15
GO INTO BANKRUPTCY.


Georges Friend.
Among the friends of George Gould
was a graduate of - college, as fine
fellow as ever walked Broadway. The
two used to knock about town together,
and George seemed proud to be in bis
frisnd's company
The college man was in Wall stree.
for business. He organized 4 company
for the purchase of small and appar-
entity insignificant railroad, through
which he saw an opportunity to secure
control of great property. 1t was
something like the control of the vast
Richmond & Danville system through
the Richmond Terminal. He put in
the enterprise every dollar he had and
all that he could borrow. He proved
easily to anyone who would listen that
he had good thing, There was mil
lions in it. After going as far as he
could in his own quiet way, he deter
mined to appeal to his intimate friend,
George Gould, for financial assistance.
On board the Atalanta they discussed
the plan from every point of view, and
George admitted that the prospects
NCAC CCI tiIulS Va lllllilCs DuO iAS NOoiN
not think of taking hold without the
consent of his father. 1t was great
opportunity, and would surely enrich
his intimate friend but he preferred to
leave it to his father. The friend told
George that he would be ruined if he
could not find help in a sh ort time. His
options would expire and he would be
wiped out. But still George was OBJ
durate. ''Sec father" was all he
would say.
The young man spent that night at
the Gould mansion, on the river, break
tasted with the family and came down
to the city next morning on the Atalan-
ia in company of Jay Gould himself.
He thought he had found the right
time to tackle the old man. Jay was
feeling good. He was in a mood that
for him was almost jovial. His spirits
were exuberant. He admired nature
"a rare thing for him to do-and
pointed out new objects of interest
along the majestic Hudson. Cautiously
and carefully the young man led up
&C TIE subject nearest his heart. Mr..
Gould saw what was coming. He could
smell thing of that kind. At first he
tried to change the subject but finally
submitted to the inevitable and heard
what was to be said. The whole scheme
was outlined to him. Every detail was
gone into. The young man convinced
him that he would go into bankruptcy
unless he had assistance. He had held
on as long he could, and to turn
loose now would be ruin. He appealed
to Gould indirectly to help him out,
and take whatever share of the enter
prise he wanted. He referred modestly
to his warm friendship with George
and limited that George would help
him ont but for his dutiful regard for
his father, to whom he liked to leave
every question of investment. Jay sat
still and listened to it all. The Atalanta
she dropped anchor every morning,
| and the young man determined to
clinch the matter before he left the
boat. Mr.. Gould had said no encour-
aging word. He pulled his beard and
was silent Finally, just as the an
Choir chains began to rattle, Georges
friend said, with desperation:
Now, Mr.. Gould, il you were in my
place what would you do?"
Jay Gould arose and walked to the
gangway With one foot on the ladder
ne replied:
"If were in your place l should go
into bankruptcy at once"
He stepped into the launch and went
ashore. And Georges friend went into
bankruptcy. Y. Press.