The Bismarck tribune. [volume] (Bismarck, N.D.) 1916-current, 1923-05-16
GEORGE GOULD,
US. RAILROAD
MAGNATE, DIES
Succumbs From Attack Of
Pneumonia at His Villa
Near MentOnc, France
NJ a N a GED FORTUNE
Assumed Responsibility O1
Handling $SO,OOO,OOO
Estate of Father

~
Jay Gould, the American financicr,
who has been i'll at Cape Martin
this morning.
Mr.. Gould was stricken with pncu-
monia at his villa on March 20. For
several days his condition remained
critical but he rallied and on April
was said to be out Of danger.
Three weeks later he suffered re-
lapse and on May ; took a turn for
the worse.
The end came peacefully.
Mr.. Gould's wife and two child
rem were at his bedside.
Mr.. Gould, financicr and railroad
man, succeeded to the leadership Of
the famous Gould family upon the
death of his father, Jay Gould,
December 2, 1892.
In addition to assuming respon-
sibility, as trustee and executor, for
the $SOO00,O0O estate left by his
father. he carried on and expanded
the great railroad holdings Of the
latter, and within n Few years, dur
ing which he applied the lessons
learned from the elder Gould, he
became one Of Americas foremost
railroad financiers. The 5000 miles
of road left by Jay Gould grew into
more than 10000 miles under the
management of his son, while the
many investments in other huge en-
terprises, including the Western
Union Telegraph Company, also were
largely managed by the principal
heir.
George Jay Gould was born in
New York City February G, 1864, the
sixth in line Of descent from Major
Nathan Gould, or Gold, the original
ance stor, who came from the south
of England in 1916 and settled in
Fairfield, Conn. While many OF
Nathan Gould's descendants attain
ed eminence in colonial affairs and
through service in the Revolutionary
War, it remained for Jay Gould to
become the first fnancier.
Elder Gould's Fortune
The Gould family fortune dates
from 1860, when Jay Gould, a part
ner in his fathers hardware store in
Delaware county New York bought fol
ten cents on the dollar a control
ling interest in the Rutland and
Washington railroad, little bank
rupt line running between Troy
New York and Rutladn, Vt. Young
Gould. in addition to selling hard.
ware, had studied surveying in his
spare time, and took an interest in
railroad building as a result of these
studies.
Two years after purchasing the
road, Jay Gould had succeeded in
extricating il from financial Difficult
tics, whcrcupOn. he sold at l2O the
interest originally acquired at ten
This was tho first fcsI Of that gen.
cralship. which, over and over il
later life made him the foremost
railroad developer of his time.
George Jay Gould, even whct
quite young, SHOW &c an inclination
to follow in the footsteps Of his
| father. He received Il thorough edu.
cation from private instructors, and
subsequently entered Columbia Uni
versity, but was not graduated.
Heirs Dissatisfied
Dissatisfaction among other O1
the heirs of Jay Gould over Georges
handling of the e.satc, however, had
been growing for some time, and in
July, 1919. he was removed as exc
cutor and trustee by court order
Mr.. Goulds first marriage was in
1886 to Edith Kingdom, who drop
ped dead while playing golf on the
Gould estate at Lakewood. N. j., ir
November 1921. From this unioi
there were five children.
In May, 1922, Mr.. Gould married
Jeanne Sinclair, former. actress, 81
years his junior. The second mar
[ riage was REGARDED almost as muci
Nof an elopement as the marriages q
his children, Edith, George Jr., ant
Kingdom. The first news of it came
from Paris. where the couple were
spending their honeymoon, but i
later transpired that the ceremon!
was performed l.: Lakewood.
| As a consequence Of this secon'
marriage, Mr.. Gould lost propert.
valued at $4,000, 900 left by his frs
wife, which reverted to trust fun'
for her children.
While Mr.. Could apparently en-
ioyed good health during the year
he spent as a railroad builder, it dc
! -eloped during lawsuit in 1928 tina
,e had suffered breakdown, an
yas spending most Of his time il
europe recuperating from bronchia
rouble.