The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1898-08-20
Estate Of Jay Gould Will Soon
Be Divided
Frank, the Y Youngest Child, Will
Come of Age
DURING NEXT MONTH.
All the Securities Will Then
Be Sold.
Consolidation of Manhattan and
Metropolitan to Follow.

New York, Aug. 20.-George Could, head
Of the family of the late Jay Gould, and
guardian of the millions left by the nm
ancier, will arrive in New York from
Switzerland on September 4. Within a
few days of that date Frank Jay Gould,
the youngest of the children, will come
of age, and then, according to the viii
of Jay Gould, the great fortune must De
divided That will marke the end OF the
estate left by the Wizard of wall Street
The securities will be sold and each heir
viii get his share.
It will be the signal for great events in
the financial world BY the middle of Sep
TENDER deals will have been contaminated
which viii be of startling Importance. the
chief one being the consolidation of the
Manhattan elevated with the Metropolitan
Traction company.
1t has been admitted for long time
that the only hope of rehabilitating the
Manhattan Elevated was the introduction
Of electricity as a motive power. Russell
Sage and Robert NJ Galloway, both old
ana conservative hnanciers, and largely
interested in the property, have been
stumbling blocks in the way of this i'm
about to become of age, however, it is
felt that the Manhattan interests can be
Eold ana the stock delivered IN a plock az
what will be as good as 14O" It IS Wen
understood that the financing of this great
deal Will be done by ). r Morgan. Mr..
Morgan was once a director and large
stockholder of the Manhattan Elevated.
lie could not agree with the Gould ana
Sage interests and retired as a director.
Mr.. Morgan issued a statement,in which
he said that the interests he represented
do not hold share of the Manhattan
stock, nor 90 they intend 70 acquire any
4t is said William Rockefeller has Joined
his forces with those of Mr.. Morgan in
financing the coming consolidation.
OF course. the General Electric is inter-
ested in the mighty consolidation, for it
electric power to the Manhattan roads.
Russell Sage made a sta tement today for
pccard1 70 bo tbarn3g 1e1 The OF r nsde
of 1t was posted as to the condition of
4 desire to deny the statement recently
current that / have been trading in Man
~ ? - PLesSi1t Is Lz,Vgg
Shares' tne same as they nave been for 10
years. I have not traded in and out a
thousand shares of stock in six months.
1 90 not know what any Of the Goulds
are doing in the stock but have under
stood that as a recent bull wave in the
securlueS was unsuccessful, those in
charge have taken the stock for the pur-
EsOir y6 MI OaGh d . lC%er leFel,
month, when the securities trusted under
place a large quantity Of the Gould hold
1ngs in such a position that they can be
marketed without the consent of trustees.
1t is possible that some stock has been
sold with the knowledge of this fact.
sister, Helen, and she listens Closely i to
and generally accepts the counsel of Rus
Edwin Gould and the Countess CasteI-
lane are prone to follow the sound judg-
Howard always sides with his sister to
avoid an argument George J. Gould may
not agree with the verdict of the family
but he will have to act on the judgment Of
the majority. Should he fail to do 50 by
any possibility 1t is quite likely that the
goods can be delivered into the hands of
the traction people without his consent or
approval
An interesting outcome of Frank Gould's
coming OF age will be the effect it will
have on the prospects of his sister Anna.
the Countess of Castellane- She and Count
BOnt CaStellane were married in 1895 and
went to Paris to startle the French capt.
tai by the lavish use of the Gould millions;
they did it. They built a palace, they
gave dinners that cost vast sums Of
money and then came stories that money
was running short No more came from
America, for the Jay Gould will protected
the stocks and bonds. and there was moth
ing to DO but wait for Frank to come of
age. In a short time the Countess Cas-
tellane will have all the money she wants,
Gould millions.