The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1911-03-13
WILL MARK END
OF 20 YEARS. WAR
Control Of Missouri-Pa a.
cifc Finally Wrested
From Goulds.
FIGHT BY GIANTS
OF w ALL STREET.
At Meeting Of Shareholders on
Tuesday George Gould Will
Resign as President, and
New Men Will Take
Place of Family Repre-
sentatives.

sew York, March lo.--An important
chapter In the railroad and financial
history OF the country viii come to q
close OIL Tuesday next at the annual
meeting of the shareholders of tho
Missouri Pacific Railroad in ST louis
when George j. Gould will present his
resignation as president or that road.
snd new men VIII be elected to sue
coed tho representatives Of tho Gould
interests of tho board Of directors
Thus VIII end Il twcniy-y years, war.
which has been wagcd rclcntieSsIy by
tho financial giants OF Wall street for
control of the Gould properties; thus.
Will George Gouid's dream Of control
f ling coast-to-coast railroad be r,Idely
6iSpclled.
Since the death Of old Jay Could IN
1sa3 the control of his many valuable
properties has gradually bcci, wrcste.
from the family. First the Manhattan
Elevated line was gohblcd up by the
4 marlborough; then tho Western Union
x Telegraph Company was absorbed BY
the a. T. 6: T. Co: and now the Mis-
souri, Pacific. the holding company for
tho Gould railroad properties and con-
sidered ono OF the most val,ia bic OF all
the Gould holdings, Will pass into other
hands.
But these changes were not affected
without struggle, the history OF which
b.
At every turn George Gould has met
Ills enemies with a courage born or
desperation, but tho odds were too
81 great. and hc las at last been forced
TO recapitulatc.
THIS does not mean. however, that
the Gould forttrc has dwindlcd in size:
on tic contrary it has greatly in
creased 1t simply marks tho disap-
pcarance of tho Gould fortune as r
4 power IN the financial world.
HcginninG of the Wnr.
The story OF this war had It's he
ginning in the carly eighties. When
old Jay Gould was the most power
ful. rs well as tho most feared. man IN
Wall street HIS particular hobby was
the securing of control OF various rail-
road properties, which lie would pro-
coed TO wreck and then dispose of. He
had great faith in tho possibilities OF
the West aud Southwest, and many &,
wall street nnancicr looked on his
properties In that section with a covet-
ous eye E,lt they knew better than
10 attempt TO monkey with the wizard
Of American finance"
When the old gentleman died in
1892. however tho long delayed fight
for the valuable Gould property imme-
diatciy began. His will divided his
vast fortune among his children but
provided that all his stock holdings
should he voted a the various meetings
Il unit, ana gave George ~. tIOIld.
Ills eldest son. the power 10 contro!
siich votes. a this timo George Gould
was only twenty-siN years of age, but
ten years under his fathers careful
tuition had developed his business and
lighting ability to a great extent. He
had Inherited II craze for acquiring
railroad properties. and his great ambi-
ton was 10 gain control OF road
which would stretch from the Atlantic
10 The Pacific. tTtez44M
The most valuable piece Of railroad
e property IN the Gould, estate was the
Missouri Pacific. which stretches from
Kansas City TO Denver, and by securing
control of the Denver and Rio Grandc.
George Gould extended his line into
A Salt Lake City.
5, Ills First Sncrifcc.
In the meantime, in order 10 carry
out his plans in the West and South
west, Gould was forced 10 sacrifice his
holdings iii tho Manhattan Eicva ted
Company. which was purchas cd By the
1ntcrborou in 1902.
BY this time George Gould had con
vcrtcd tho Missouri Pacific into valu-
able property. y control OF tho MA
iority Of the stock Of tho Wabash ear
ried 1t as far east as Buffalo. and tho
teurcnasc Of tho Denver and Rio Cirande
4 brought IL west to Ogden Utah.
It was now lime n procure ii ter
minus ST the Atlantic sea board. His
first step was 10 gain an cin rance into
I'lttsburg. which he did BY securing
control Of tho Wheeling and Lake Eric
fc then began work on his Wabash
4 J'ittsburg terminal.
Tho next step was TO secure control
OF the Western Maryland, which ran
from Baltimore inland. ana The West
Virginia and Central PittSburg, which
ran cast from the Smoky City. Be.
wcen these two roads there was 4
slight gap. which Mr.. Gould proposed 10
bridge by building new road. With
his exception. tho only link necessary
10 complete the chain Of road from,
coast to coast was hat from Salt Lake
Clty5!o tho coast, and 80 complete ttlis
air. Gould started to build the Western
Pacific
But his troubles had already begun
Thc other railroad Interests rccogniZ-
ing tho value Of the Gould propertics
and the serious competition they wo,Ild
offer, had already begun a war TO GUST
George Gould as the head OF tho Sys-
TEN. AS early as 1902 the young f1nan-
!. Cter had severe struggle with e. IL
4 Hartman and Edmund IIawley for the
control of the Colorado Fuel ana Iron
Company. but succeeded In worstinc
Ills opponents The Pennsylvania BIT
tcrly opposed his entrance into Pitts
burg. and so bitter did this fight be-.
a come that after the erection OF tho
Is Wabash Pittsburg Terminal the Penn
sylvanas ordered Tho Western Union
Telegraph Company, which tho Goulds
control. to take down their lines east
of Pittsburg along the route of that
road.
NnmscS Loses Eight.
u In 1905 Mr.. Gould had a serious dis
agreement with Joseph w. Ramsay Jr.
his right hand man, and president OF
AZ '77'7-7S fC.ontiniIed m Gerond 90 .a \-------