The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1895-04-07
For The Herald.1


IF most people were g, 000, 900 poorer on
Saturday night than they were on Mon
day morning they would be inclined to
feel depressed. Again, if they were sew
eral millions richer Tuesday than on
Monday they would naturally be some
what elated. Such fluctuations of fortune
would stagger the equanimity OF the
most hardened gambler. Famous plum
gers like "Pittsburg Phil" Mike Dwyer
and young Shannon. of Kentucky, could
never stand the strain of terrific changes
of wealth of that kind, even IL their bank
accounts could.
But there is one man who. stands it,
and he stands it well. He doesn't lose
wink of sleep If he happens to be three
or four millions poorer when he goes to
bed than he was in the morning In fact,
it is doubtful If he ever thinks of it; at
thing. Neither is he elated If he is half
a dozen millions richer at the end of the
week than he was in the beginning. He
mosphere which continually changed for
better or worse. y majority of the people
would imagine this state of mind an
ideal one, but it's question whether the
owner of the mind SO regards it.
The man in view is George Gould. He
is the real manager of the Gould family
wealth. While his brothers and sisters
are co-executors of the estate they have
little TO say about its management. They
have all agreed to allow George to use
his Judgment in the. matter, and al
different parts 1t IS practically one power,
and can be used If necessary, like it was
in the days of Jay Gould, to crush any
appreciate the truth OF the old maxim,
I'm union there is strength" and they
sbide by 1t absolutely.
An Interesting Chart.
The chart shows clearly the ups and
downs of the family wealth for the year
1894; When Jay Gould died the official
the municipal authorities for the collec-
ton of the local tax was 81, 900. Abour
s5,oc0,o00 of this was invested in real
invested in the Union Pacific railroad,
and international and Great Northern
railroad. the Texas and Pacific railroad.
and the Wabash road. BY far the great
er part of the wealth is invested in three
railroads-the. Manhattan Elevated sys-
tenn Missouri Pacific and the Western
At the time of Jay Gould's death it
was computed that his investments in
these properties were as follows:
$40, 100000 in Western Union at s.. SIT 0eo,o 900
$50, COO, 600 in Manhattan L at 12S 20 500 600 |
$50, 900 in Missouri Pacific at 55. II co., eco
This makes Ak a total for the three roads
the other systems mentioned and the |
s., 600 900 in real estate, makes a complete |
total of 81, 500, 900, which approximately !
shows how the vast fortune is placed.
chart are based upon the prices of the |
three main stocks in which the Could |
family's wealth is invested, during the |
year 1894. OF course. the real estate |
does not change In value, except to |
comparatively slight degree The fiuc- |
tuations OF the stocks other than Man
haitian L. Western Union and Missouri |
Pacific were about the same as the three |
roads just mentioned.
To preserve uniformity, the lowest |
price quoted on each stock at the end |
Inmates based upon this value. While |
portions of the Could holdings In each Of |
the properties are in bonds, the bulk OF |
the money is in the stocks.
A $10,O0O,O00 Slump.
It will be noticed that there is a de-
crease or 900 IN the fortune between |
the time of the death of Jay Gould and |