The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-28
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he had written to send his broker: Buy
me 10000 shares Western Union. Said
! l: Mr. Gould, is that quito consistent
with you being out of the market and not
interested in Western UnionT Said he:
Mr.. Morgan wants to know my business.
l have reason to believe that he Is 30 900
shares short of Western Union stock. He
wants to know whether 1 am putting 1t
up, and 1 do not think I am deceiving
him by not letting him know my BUSH
| ness There you see the man. He prob
ably had been buying the stock before.
| Morgan wanted to catch him, but only
betrayed his own concern, and tried to
deceive Gould Morgan died rich. but
| only moderately rich All such under
reachers, foiled at their game, accused
Gould of deceit. He was too steady a
man to do worse than to let them put
| their hands in their own traps.
You say truly that Gould liked to buy
poor or cheap properties and build them
up. He did not launch leviathans, like
Willard, Atchison and Huntington but he
had a steady progress in the character of
his investments till he had Manhattan,
Western Union and Missouri Pacific.
Gould put much of his topography, statis-
tics, etc, upon other men to do. He knew
the saving power of instrumentalities.
| Without vanity, he recognized power, and
was useful, If remorseless, engine in its
frame. He was like some of the kings in
an age of feudal rebellion building up
their kingdom with clear sighted and per-
severing statecraft. He beat the Wander
bits because they never read books, and
Gould was a historian. Plutarch never
drew a stronger character than that lit
tie man with the head of a Macedonian
king
How many thought Go6ld threatened
their properties, who never were molested
by him? He was, indeed. humane to men
who came to him and threw themselves
upon his chivalry. Mr. Gould, am short
of Northwest. VIII you let me out?'
Take the market, sir, If you want to be re-
lieved.' He did that many time But he
did not impart his Information to foes or
friends from mere laxity of mind. man
like Keene, working with him, would not
know the dual play of Goulds powerful
mind. The country bred courage of Jay
Gould was philosophy in its application.
Finally, he was a banker, retired from
stocks and the play of hazard, lending
money. He had lent about $50, 900 shares
of Union Pacific, when he became curious
to know its value, and If he could get out
safely. He entered into the affairs of that
company as a lender and not as a
wrecker."
"Mr. Gould's restitution of 100000 of
property to the Erie railroad was one of
the victorious battles of his career, but
he had the rare negation to let it seem his
defect, while 1t filled his bank account
1 was controller of the Erie railroad and
as such hunted up the assets he restituted
consisting of Jefferson Coal Company
Ohio and Pennsylvania wild lands cats
and dogs of no value. The fact was that
Watson and Barlow had been caught by
Gould in his Northwestern pool, and he
allowed them on their marrow-bones TO
settle in that way. Watson came to my
house Sunday and asked me If had the
combination Of the Erie safe. He wanted
me to go with him and get the security
boxes out of the safe and count up these
wild assets. l went along with HIM, and
had to send up to Elmira to the Land
Office to add to some of that stun, for
the best he could do only 100000, how
ever, we might value it, could be found.
This was the famous restitution of the
$1,000 900 already in the custody of the com
pany. but credited for the nonce to Gould,
that he might settle for the losses
you probably understand that Gould
lost the Erie railroad through the major
ity OF the stock having been assembled
against him through the English holders.
guided by McHenry. Gould was disposed to
resist their coming in. so the dramatic
feature OF the seizure by Sickels and Arch
or was enacted Gould. who never troubled
himself much about what was past, soon