The Detroit times., 1911-02-17
DUlDs ARE L0SING
|lsTFORIUAEAAD
POWER
Nv George Gould, Manager Of Gi-
Iantic Estate Left by His Father
| Has Lost Battle for ocean-to-
/ Ocean Railroad.
fssouri Pacific Is Latest Holding
IWrested From Him by Wizards
of wall-St.
Nv w. @. SHEPHERD.

NEW YORK, Feb. 17--Father Time
~. .truck the ghostly hand OF Jay
} could and broken it's clutch on the
/, rrfIroad world. From the family OF
(:Suld a. passing rapidly the fortune
sId power which Jay Gould pirateu
ffom the American people.
fThis IL the story, In snort:
Jay Gould. who built gigantic Tor.
f,iS,a as n defer OF laws and looter OF
abroad treasures, left his fortune ana
roWer to six children, when he dieu
- 1892. To the house or Gould ne
frnrned over the control or several
railroads, including the Missouri ia.
enc. the Denver a Rio Grande, ana
lnrre interests In such enormously
rlch concerns as the Western Union
/; TeIegraph Co. There was enough
money TO give each Of the six heirs an
income of 81 zoo, 900 a year
George Gould, the eldest son, mar
rfod an actress, Edith Kingdom. This
vroman brought credit on the family
name. and 1t Is notable fact that
George. alone OF the four brothers,
eeyored to watch business ana
14ep his fathers estate and fortune
\ 1ntact. However, 1t was too great
taek for him.
T4ls brother. Edwin, paid little at
/. tntion to business, being quite salts
ga TO seek comfort and pleasure with
~ income. Frank Jay Gould, another
brnfher. also refused to help defend
TIA estate from ravages of time or OF
IL wizards OF Wall-st. 1t remained
"a George to face wall-st. and fight,
fmr II was vain to look to Howaru
. Ill Ia
ace.
And fght he did. With wonder
"A success for time. The Gould
slstem was unified. extended and I'M
Moved. 1t entered Pittsburg despite
t. powerful opposition OF the great
P&nnsylvania railroad Through the
Guy OF smoke George Gould drove MS
rid seeking an Atlantic seaboard al
baltimore. With that object In view
IA got the Western Maryland. From
3 PIktsburg he connected with his Wa
b1sh railroad ny getting possession
( ~ the wheeling & Lake Erie. In
Ina and Illinois were covered by
It's wabash. That brought the Gould
SIXTEEN INTO st. Louis. !.
There began. the rails OF the Mis-.
slnri Pacific, the central key to what
4 fIk sod or Jay Gould hoped to make
fle biggest transcontinental railroad
~ America. A real transoontinenta
rid It was to be. stretching from the
wAters OF the Atlantic to the Pacfhc.
He made the Missouri Pacific q
hfxhIy valuable line. He showed the
Value OF its stock from S., where a.
stood when his father died, to above
4 nor. The Texas Pacific rose from ~
"a S3l q share. The st. Louis Il South
western doubled and then doubled
a6ain.
Then with rails into Salt Lake City.
could saw the time ripe for his pro-
p6sed Western Pacific. to run from
salt Lake City into San Francisco
And then began his famous fight
With the late E. III. Hartman. Any
porpon who ever had the little
~ ard of the railroad world as an
4 tagonist knows what that means.
An the wealth in Harriman's control
whit to the front to keep Gould on
n Pacific coast.
Then Hartman died. Gould sold
ODER S29, 900, 900 bonds to Kuhn, Loeb
&{Co. to improve the Missouri Pacific
IND anticipation OF the opening OF the
Vestern Pacific, the last link In the
Gould transcontinental system.
But he had bitten OF more than he
cdild chew" The fearful opposition
hG met with reduced his fighting re-
sources to the vanishing point. The
r&hic OF 1907 sent the Western Mary
/. land into the hands Of a receiver; the
4 wabash Pittsburg terminal followed;
. ID did the Wheeling & Lake Erie. And
F. tlb son of Jay Gould. wizard Of Wall
81 has now lost control OF the Mis-
st(iri Pacific to Kuhn, Loeb & Co. and
Standard oil.
In Wall-st It has been no secret
. that the Standard oil crowd was
(. cy1-iting the time when Gould would
fa1ter under his self-imposed load.
Morgan waited until the load grew
& heavy and then helped himself to the
Western Union. But all the money
Gould could get for his Western Union
stock could not hold control in the
& Missouri Pacific. He still has the
VI bash and Denver & Rio Grande.
4 II4w long he can keep them depends.
s mtre upon the Wall-st. wizard than
upon anything he will be able to do.
The house Of Gould is going into