New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-04-18
Kin Lay Wreck
of 8 Roads to
George J. Gould
Colossal Crime Imputed to
Financier by Sisters and
Brother in Opposing His
Suit for Overdue Income
Call His Pockets Bullying
$4O,OOO,O0O Capital and 20
Million Earnings Of the
Estate Declared Wasted

George J. Gould, eldest son Of Jay
Could. founder of the family fortune.
was described In the Supreme Court
yesterday as the wrecker of eight rail
roads and the perpetrator of "colos-
sal crime" the latter Characterization
referring to his alleged msmanage-
ment of the trust estate left by his
father. Mr.. Gould was removed az a
trustee of this estate by Justice Whit
aker on charges brought by his sister,
Anna, Duchess de Talleyrand, and
Frank j. Gould, borther. The matter
is still on appeal.
The proceeding yesterday was an ar
gLment before Justice Delehanty on an
applica tion by the same litigants for an
injunction enjoining George j. Gould
from prosecuting the action begun by
him in the Surrogates' Court to compel
the present trustees-Mrs. Helen Gould
Shepard, sister and Howard Gould
and Edwin Gould, brothers--to pay him
$644,904 of accumulated income due
from the trust estate of his father Ed
win Gould, it was said yesterday, has
remained silent with regard to the pro-
ceeding to prevent his brother from
collecting this money until George j.
Gould has rendered an accounting of
his stewardship Of the trust estate
Howard Gould is out of the jurisdiction
of the court, and Mrs. Shepard, through
counsel, Joined in asking that a trust
company be appointed to take the place
OF George J. Gould as trustee. Counsel
for Mrs Shepard said she would take
crti l,,,+
joined in the injunction proceedings.
Prominent Counsel Retained
A Half dozen Of the leading members
Of the bar appeared in the case yes
terday. They were William Nelson
Cromwell, former Judge Samuel Sea-
bury, former Judge Alton B. Parker,
former Senator Edgar T. Bracket, for
mer Justice Morgan J. O'Brien and
former Ambassador John W. Davis.
The burden of the attack on George
J, Gould was assumed by Mr.. Crom-
we'll, representing the children of the
Duchess de Talleyrand, who are re-
maindermen in the trust fund created
by Jay Gould. and former Judge Sea-
bury, counsel for Frank J. Gould.
Their contention was that so long as
there is reason to believe that George
J. Gould will be ordered to account for
loss of more than s2o,ooo.0oo to the
estate, due to his deliberate acts, the
income due from the estate of his
father should be withheld from him, SO
that it may be applied in part to the
liquidation of the large judgment
which possibly may be rendered against
him.
Mr.. Cromwell said the printed &C
counting of George j. Gould was
farce and mockery." He referred to
Mr.. Gould as the manipulator of eight
railroads, which he had undertaken to
control, finding them prosperous and
leaving them bankrupt and in con
fusion, "but always with something
sticking to his hands,
Charges Gould Was Gamer
Every one of these railroads is now
q wreck" said Mr. Cromwell. "One by
one they came into his hands, pros
porous, and were left wrecks and in
the hands Of receivers, while his
pockets bulged.'
Mr.. Cromwell said he had prepared
digest of the affairs of the estate
which would show loss of 100000
capital and S2o,o0o,ooo in earnings.
"These figures are not manufactured, !"
added the attorney. But a day of
judgment is at hand. I do not expect
that sum, and the S645,000 he claims
is mere smoke compared with what he
has made from his manipulation of the
estate"
Mr.. Cromwell declared he intended to
get to the bottom of "this colossal
crime" declaring that he proposed to
bring the man he accused to justice,
although it was difficult to follow the
winding trail of Gould"
1T makes one sick when one sees
the slime of this affair."" was the
parting shot of Mr.. Cromwell. 81 pro-