The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-23
ARE DIMINISHING IN VALUE
Said OF the Large Properties Of the
GOnld Estate.
NOT NOW WHAT THEY ONCE WE'RE,
Railroad Lines said to HIVE Phi,
considerable in Meeting Ohli-
cations OF Their Branches.

New York, December 1e.-Up and down
wan street there is strong belief that the
LIQUID fortune. built TO its colossal size by
jay Gould, is breaking up at last. and thar
the properties which delighted his thrifty
soul are sinking under a hammering pro-
duced by lack of confidence.
These properties are the Wabash in
WHICH the family has large interest; the
lexas Pacific, which 1t absolutely controls
the ST. Louis Southwestern, known as Ed
die Gould's road; the Manhattan Elevated
in which the family has an enormous IN
terest;the Missouri Pacific controlled ab-
solutely, the pc. OF Jay Gould, and the
Western Union Telegraph. ON which the
family has had its grip for number of
years.
For along time the public is said to have
made emphatic its loss OF confidence, and
there has been a gradual decline all along
the line Of the Gould stocks There has
been such tide setting in against them
that the bear interest has added It's ham
mering in most unkindly fashion. and the
result mas been startling. And there are
saiu TO be special reasons for this state If
thlhSs when tinGnciers Will not misundor-
stand.
The Western Union is not the MONOPOLY
IL formerly was. 1t Is said the Elevated
Is not earning its dividends. and that 1t
Las not oeeh uoihg so FAR year, and every
quarter mas shown deficiency which has
been paid out OF the surplus
Whethtr or hot this is true may come out
soon, as an application was made yesterday
TO the attorney general by Mortimer Hen
bricks OF this city, bondhoder, TO ount
the directors OF the Manhattan Elevated
company and compel them to pay back TO
the company the money paid from the sur
plus.
The Missouri Pacific has long suffered
from bad rumors. All the Pacific systems.
controlled by the Goulds, have been in the
dumps for several years, and the last show
ing of the St. Louis and Southwestern was
a poor one.
Eddie Gould is handicapped by his fight
with the Diamond Match company In that
corporation are such moneyed men of the
West as +. D. Armour and Georle NJ. Pull
man. Banded with them are a lot of lesser
cattle men, and today they form a strong
combination.
The Missouri Pacific is the heaviest car
rier of cattle from the ranges of the South
west to Chicago and Kansas City and these
men in large degree control those ship
monts They have hit MIR. Gould where he
hit them, on his pocket book. They have
diverted shipments from the Gould lines
going so far as to force shippers to drive
beef on hoof to shipping points other than
the Missouri Pacific.
Another weakening factor lies in the fact
that some time ago the road took within
itself lot of feeder roads. which, since the
bad times set in. have proved to be suckers
of the parent company's vitality. on their
bonds interest was guaranteed. and in some
eases dividends on stocks. These. in almost
every instance, have had TO he paid by the
parent company
There Is, railroad men say. no finer
property in the world than the Missouri
Pacific. but the outlay IT has made in
equipping these feeder roads has kept 1t
poor and has forced its stock to the low
price which at present obtains In the mar
10.