The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-07-28

formed pool to buy Northwestern stock
The pool was made up of Henry Keep
horace Clark, Gould and Mr. Banker. II.
N, Smith was in this pool, but he on the
rising market delivered 10 IL at a profit
his several thousand shares, thereby de-
pleting his own associates. The market
continued TO rise, until II became deuced-
" uncomfortable,for Smith and the party,
in which were old Dan Drew, Bill TraVel :,
S. L. NJ. Barlow, Watson and others. The
rising stock still further alarmed them
and they concluded TO have Gould ar
rested as one who had sacked and looted
the Erie railroad. They thought they
would scare him, and he would tighten up
on their Northwestern shorts. So II. n.
Smith, a a member OF the Arm OF brokers
of Smith, Gould n Martin, let his books
be delivered over to the Erie railroad.
was controller, and / put double set of
men at once TO work upon them, acting
day and night, in order that we might
find what Gould as a broker and specula-
tor owed the company. They thought that
he could not get bail to the amount of
Sc, 0O0 600, which they supposed would be
the figure, as they were going to claim
50, OO0, 600.
Gould was in Charley osbornes office,
conducting his pool in Northwestern
stock, when the officer came to arrest
him. He merely turned around to Char
ley Osborne and said: Charley, 20 and
buy all the Northwestern Mr. Osborne
was really alarmed.
How much, Mr.. Gould?' said ne, with
his hair standing up.
Buy it all. Charley, replied Gould
TRANQUILITY.
buy it?' responded Osborne in a short
breath, II there are 10000 shares Of 1t or
10000 shares?
Buy II ALL Charley, Gould repeated as
he went out under arrest"
His bail was only 81. 10000 When he
got back to his Office It was Just crowded
with humble operators trying to compro-
mise for that stock, which was about 80
when the arrest was planned, and ran up
to 256. He had just cleaned out the entire
street. The only men he forgave were
Watson and Barlow, whom he really
forced into making this settlement with
him Of the Erie cats and dogs, that he
might hear no more OF the matter They
had worked themselves into a hole and
took the Erie railroad stuff to discharge
their private losses In Northwestern.
Clouds campaign of Western Union
Telegraph continued Mr.. Dunan, could
be made the staple of a whole volume
William Vanderbilt had for some time be-
heVed that Western Union was more val
liable property than New York Central
As vice president of the New York Central
he wanted his father to transfer him to
the presidency of the Western Union Tel
egraph. As soon as the old man died Will
liam began to buy Western Union stock
He bought so much of 1t that 1t became
quite load TO him, and in the meantime
Gould, who had the same opinion Of the
property, was also buying IL. Gould then
went in with Kene, and they repaired and
tackled up the Atlantic and Pacific Tele-
graph as an opposition.
But while Keene was merely gaming in
the rival company Gould was buying
Western Union, too. He finally had co.
coo shares. William Vanderbilt then had
to buy these shares ana also buy Allan
tic and Pacific. Gould, however, after
a little time, came back and again began
to purchase Western Union. He now took
the American Union Telegraph for his
battering ram. He extended its lines un-
I'll Vanderbilt began TO feel worn out.
Gould had 10000 shares Of Western
Union. Finally Mr.. Vanderbilt sent to
Mr.. Gould and offered TO let him have
the Western Union Telegraph II he would
permit a divident 10 be declared and the
surplus to be considered in the dividend.
They fixed up the matter in a very few
minutes. Gould already had a large line
OF the property. and he took possession
and amalgamated his telegraph lines, and
so at the conclusion Of a few years was
master of the entire property. He SUBJ
sequently bought the Mutual Union Tel