The Birmingham age-herald., 1919-05-19
GOULD SCANDALS
 MAY GET INTO COURT
By HOLLAND

New York, May 1S.-(Special.)- )-Some who were in friendly relations with Jay Gould and who have also main tained cordial associat ton with George Gould, are wondering whether it might not be well to advise George Gould to resign as trustee of the Gould estate. They say that although such action might be regarded as partial admis- sion that the accusations made by one of his brothers and by his sister, the duchess, have some basis in fact, never theless if he were to resign his trus- teeship it would make impossible pub lie exposure of certain suspected family scandals relating to money which are likely to come out if the present legal proceedings are continued
 The action which has been brought by one of his brothers and one of his sisters is likely, if pressed, to run it's course in the courts, for three years at least, and possibly longer. In that time it seems to be inevitable that cer- tain family secrets which are based upon the management of the estate which was left in trust by Jay Gould revealed, possibly to the distress or humiliation of the family
 This litigation has attracted much more than local attention. This is due to the fact that George Gould has be- come. in fact has been%for a long time, prominent among the men of great cap- ital and great investments in industries and railroads in the United States. So also one of his sisters who married hrst one and then, after securing di- vorce, another foreign nobleman. has attracted to herself much notice, where as another sister, Helen, has gained nationwide respect and admiration for her various philanthropies and for her revelation of her, high ideals of what true American womanhood should be-
 THE GOULD ESTATE
 Many have been the surmises and guesses respecting the present day value of the estate which Jay Gould left in trust. Some have estimated .tha t George Gould's management of the es- tate has been so successful that the property has increased in value many millions. Others who have been familiar with many of MT. Gould's transactions that have been upon a large scale have found themselves wondering whether by reason of losses the estate has not depreciated.
 It might be easy to prove an accusa- ton that George Gould had not in all instances been a successful manager. The Missouri Pacific railroad when it passed out of his control through the brilliant and drastic action taken by one of the leading firms of information al bankers, represented. according to the best estimates, a considerable loss over the value of the property as that was inventoried at the time of Jay tGould's death. The action which caused the loss of his control of the Missouri Pacific was not taken until after the international bankers had attempted by every concilliatory and compromis- ing method to bring Mr. Gould into satisfactory agreement. The bankers at last believed that MT. Gould was un- reasonably obstinate and that it was imperative that such action be taken as would cause the control of the pfop- erty to pass from him.
 GEORGE GOULD'S METHODS
 Frequently comments have been made which express wonder that MT. Gould should have so managed the Missouri Pacific property as to cause his fath- CTS purpose in attempting to build up this system to be somewhat impaired He was said to be somewhat narrow. If under his employ railroad execu- tive was receiving a salary say of $50,000 year and earned it, neverthe- less George Gould, according to com mon understanding, was willing to let such executive go because he could en- gage another man at half the salary. But what he gained in this way the Missouri Pacific lost, some say millions. in deterioration, inefficiency and un., skillful railroad management.
 THE PITTSBURG TERMINAL
 Those who are familiar with the his tory of the Pittsburg Terminal say that through mistaken judgment on the part of George Gould a loss of 10000, ,000~ was entailed. He did have opportunity to make bargain with former Gov Myron Herrick of Ohio and Washington E. Connor, by means of which the Wheeling Railroad com pany passed into his possession. He was also member of syndicate which had undertaken to build the Pittsburg terminal at cost of $15,000, ,OOO A certain deal or trade was in progress which, had MT. Gould agreed to it.. would have permitted the syndicate to make profit of $10,000, 900 on it's s15.- 000.000 capital. But he would not agree to it. He brought the Wheeling. re : tained possession of the Wabash and made favorable contract with Andrew Carnegie whereby the Wabash was 10 receive from the Carnegie company q certain large amount of tonnage ont going and incoming. But the Pittsburg terminal is said to have cost $15,O00, 900 more than the original estimate
 The transaction as a whole is spoken of by men who understand this thing as having been financially unfortunate.
 Undoubtedly if the trial which has just begun runs its full course to the highest court there will be abundan mt reveleations of George Gould's man. agement as chief trustee of the great estate which his father left in trust Apparently from expressions used by counsel, of whom there are already 24 retained. some of them men eminent in their profession, accusations will be made And testimony introduced to sup port them which will reveal MT. Gould not only as not an entirely successful