New-York tribune., 1907-11-06
GOULD SAW DISTkUST.
Says Europe Vas alarmed First by
STANDARD Oil Fine.

George jay Gould, accompanied by Mrs. Goulo
and his daughter Marjorie. arrived here yesteruay
on the North German Lioyd liner hronprlhZessiN
Cecilie after a stay of SIX months in Europe
When asked how Europe looked upon the hnahcial
conditions u~this country. Mr.. Gould SAID Alhe''
can credit was in a bad way abroad He declared
the fnanciers in Europe had been badly SCARED anu
were still nervous concerning investments III z>
lean securities He blamed the fine imPoseu upo. ".
the Standard OIL by Judge Lands as the ere8'o9e
of all causes contributing to the fear OF hurope0
capital .or,r
THE views of the people of Europe eoncernins e
this country are all wrong" said Mr.. Goulu Ai'iS
country is all right. Industry is huihthlns every
where our resources were never stronger ana our
railroads were never buster but we must put our
shoulders 70 the wheel and restore. confidence l
want TO say in this connection that J. P. Morgans
work in the financial crisis has been wonderful.
He has proved himself trump saved the situa-
ton and showed that he is one OF the greates'
fnanciers in the world.
Il will say without hesitation that the fine I'M
nosed upon the Standard oil Company is the
largest factor in making bad our credit ABROAD
The fine looks TO the people of Europe ike prac-
tical confscaton. and they believe the aSltauon
here means similar fate for the rest of the big
corporations We are already on the road TO re-
stored confidence but the trouble Is that our cur
rency is out of joint think it would be great
feather in President Roosevelt's cap If he would
call an extra session of Congress and secure the
adoption OF muCn neCutu CuilcHNS lOA'iiiS'
I'VE always have a scarcity of money in the
fall Mr.. Gould continued, land this year II mas
simply been a little worse than usual Then too
there is currency shortage all over the world
and this has made it a bit difficult for us 10 get
the heavy supply Of cash necessary to move our
crops The recent scare unwarranted and Will
be overcome In fact, il is overcome now. But the
Standard OIL sentence of those things
which always hurt the innocent people. They have
to suffer The fine hit the interests of the people.
am inclined TO believe the people of Europe were
justified in their alarm. If one corporation can ne
treated as WAS the Standard Oil the same thing
might happen to others, and investors are not
anxious to sacrifice their money"
Asked if his railroads would continue their op-
position to the two-cent fare laws in some of the
states Mr. Gould said
"It is Improbable 10 carry passengers at so low
a rate and in some of the states might better
put the cars away and close up the passenger sta
tions."
Concerning the telegraph strike, Mr.. Gould said:
The strike was most Ill advised. as the men
have been quick to discover The operators had
but recently received increase in salary, show
ing a disposition the part of the Western Union
TO better their condition rapidly as circum-
stances would permit. No. have no concern over
the strike whatever. I would ordinarily let it take
its course through proper channels. But as mat
ters stand there is absolutely nothing with which
could concern myself If I were so inclined"