Evening star. [volume] (Washington, D.C.) 1854-1972, 1905-05-01

Gould Declares No Trouble Impending
Among Banks and Trusts.

Among Banks and Trusts.
The latest dispatch received by the New
York World from Thomas w. Lawson Of
Boston. Is as follows:
IF local trust company or Chicago bank
falls, don't be fooled that 1t or Milwau-
kee is the trouble. 1t is hundred times
greater and centered in one man. One
hundred millions would not keep his
trouble righted thirty days. When he goes
he will carry banks, trusts and corpora
ton. Bull fakes have been worked out.
Now prepare for facts. Remember Wall
street yelled Liarn when said insurance
companies were being looted. It's
Equitable now, but will soon be New York
and Mutual. When panic bowls perhaps
will run Liar. down Wall streets
throat. THOMAS w. LAWSON" :
J. Gould at Georgiancourt. Lakewood. yes
terday, by a reporter and he read it with
much apparent interest.
Lawson does not know what he is talk
Ing about, remarked the ffnancier.- his
utterances are not worthy the credence OF
any sensible person
Have you any idea to whom he refers
as the man in whom the trouble centers,
him righted thirty days?"
II have not the faintest idea," Mr.
Gould replied. 1.-The statement is ridicu-
lous. If any such person as indicated were
There is not bank, trust company or a
large corporation of any kind in the city
of New York in trouble at the present
time I am affiliated with large number
of financial Institutions and corporations
and were any Of them in difficulty l should
certainly hear of it. This suggestion is
on a par with the baseless rumor circu-
lated last week that there was a defalca-
ton in a large trust company amounting
to 100000. That story was not true
and the prophecy just shown me Is equally
unworthy of belief.
You can print In the strongest possible
way, as coming from me, that there Is not
a bank. trust company or financial cor
poration of any prominence IN the city that
Is not In splendid condition. I know Of
no exception.
There has been a great deal of agitation
Of late concerning the Equitable Life AS
surance Society, and good deal of unjust
criticism. I say 1t In the most positive
the Bank of England. Not policyholder
will lose cent despite the present out
cry. The matter will work Itself out to
the satisfaction of all concerned. The
policyholders have absolutely nothing to
fear, for the institution Is in first-class
condition and as stable and unshakeable
as the Bank Of England. The same Is true
of the New York and Mutual.
ANY one with the slightest knowledge of
affairs knows that all three OF these cor
porations are in excellent shape. The
man who attacks their stability does not
know what he Is talking about.
Your retirement from the directorate of
the Union Pacific Railway Company has
given rise to considerable comment and
speculation and has led to the publication
Of statements that the Gould and Harri-
man interests were at IoggerheadS- Is
there any truth in that?
My reason for retiring from the direc-
torate of the Union Pacific road Is readily
explained" answered Mr.. Gould. Il am
building a road, known as the Western
Pacific Railway. which will run to the
Pacific coast, and which will practically
parallel Mr.. Harriman's Union Pacific road.
With the completion Of our new road we
shall naturally be in the market looking
for all the business we can get hold or for
our transcontinental system. This will
therefore bring us into close competition
with the Union Pacific.
After giving the matter mature delibera-
ton, came to the conclusion that 1t would
hardly be the fair or proper thing for me
to remain in the directorate of road OF
competitor. For this reason and no other l
rendered my resignation as director OF
the Union Pacific Railroad.
WAS your resignation due to any antag-
onsm or friction between yourself and
Mr.. Hartmann"
Most assuredly not: there Is absolutely
nothing inimcal between Mr.. Hartman
and myself l several my relations with
the Union Pacific for no other reason than
that stated
What about the general situation?"
1.-THE general situation; oh, that Is all
right. l am not alarmed, and no one else
has any reason to be alarmed. You know
I never was a pessimst, and Mr.. Gould,
rudy with health, having just come in
from a hard-earned victory on the polo
field in which he had greatly distinguished
himself, disappeared to divest himself of his
riding costume.