Albuquerque citizen., 1908-03-05
TRY
TO BLOCK
GOULD
Onslaught Is Made to Prevent
Him Completing Ocean
Ito Ocean Railway.

New York. March 5.-The on
securities is believed in wall street
to be the result Of Gould's attempt
to break the Union Pacific and Santa
F'e railway monopoly in California
by building his Western Pacific. When
Senator Clark built the Salt Lake &
Los Angeles railway, Hartman was
able to force him into a pool with the
Union Pacific, Southern Pacific and
Oregon Short Line. Today Clark's
road is practically a part of the Har-
riman system and the California rail-
way monopoly remains unbroken.
While the financial position of the
GOulds has been considered impreg-
nable, their enemies have lately been
able to draw blood and are counting
on hammering George Gould into
making a favorable compromise
The Gould position in Wall street
is very peculiar. Jay Gould was a
man who played his own hand and
played II so we'll that he beat all his
enemies to a standstill. He was able
and remorseless and has never had
L successor as a financial swash-
ouckler. He never hesitated to
wreck a railway and every wreck
meant new fortune for him. All this
fingers I'm the memory of the present
chiefs of high finance. 1t explains
why Gould's sons have never entered
the inner circle.
After jay Gould's death, George
Gould started out with the idea that
instead of being a railroad wrecker,
he would be a great railroad builder.
He has kept his fathers best hold
ings, those in the Western Union
and in the New York Elevated rail-
road, as a reserve Investment, and
| has devoted his energy and the
greater part of his fortune to build
| ing the first great railway from the
Atlantic to the Pacific. which will be
under a single control.
From Coast 10 Coast.
| He owns the Wabash with its sys-
| TEN of lines from Kansas City to
| Pittsburg, and east of Pittsburg he
has the Western Maryland railway,
| which will take him to the Atlantic
at Baltimore. From St. Louis and
Kansas city to Denver he has the
| Missouri Pacific and the Denver &
Rio Grande takes him from Denver
To Salt Lake City. The Western Pa
citc is designed to complete the last
link in the chain, and incidentally to
relieve California of her present
! railway monopoly. of which Harri-
man is chief monopolist.
He took the Wabash into Pitts
burg against the combined opposi-
tion of the Pennsylvania railroad and
the Quay machine. The amount spent
for his Pittsburg terminal was fabu-
lous. All Of his railways have taken
enormous capital. To help the Rio
Graude, the Missouri Pacific has gu
aranteed, approximately S70,000,0O0
Of lis bonds. The Rio Grande in turn
has guaranteed $50,00O,00O of the
bonds of the Western Pacific. This
looks a good deal like pyramiding
and is undoubtedly the source OF
weakness in the Gould system of
which his enemies are taking advan-
tage.
Geo. Gould is immensely proud of
his transcontinental railroad en-
pre He has a map in his private
office fully fifty feet long. which
shows every bit of track and every
town on the entire system. Gould's
knowledge Of his railroads is marvel
Gus. You can point to any town on
the map at random and he can tel
you its population, the extent of its
manufacturing industry, how much
freight is shipped in and shipped ou
and many other pertinent facts Hi,
friends claim for him that he is a
real builder and pays more attention
10 the real things about his road thar
ne does TO the quotations of his
stocks and bonds which come over
the ticker.
The events Of the next few week!
VII. probably show whether GoulC
or Hartman Is to win in the battle
| for "a railway empire.