| Show JAY gioules Gi Ct AMBITION jay gould is if nothing even more the architect of his own fortune than john D rockefeller for his bis beginning in life was much humbler in a pecuniary sense than was the standard oil magnates tops mr rockefeller however has rolled up his fortune in a shorter period than it has taken mr gould to accumulate his and mr rockefellers Rocke fellers is considerably the larger of the two yet mr gould hopes to be richer than P rockefeller feller in short it is his ambition to be the croesus of the borio world he thinks that the opportunity to gain the coveted position pos on to is now offered TL there ere has been a tremendous decline dealine in the value of railway securities there are many which were never before so cheap mr gould is credited with the most enormous purchases of stock during the last low few weeks his holdings including those previously acquired and held for investment or more properly speaking for the control of corporations po rations amount in the aggregate it to ia estimated at shares mr gould believes that in time and not a along long time at that there w will ill be an advance of from 25 to 50 per cent and iu in some instances more in the value of the stocks which he holds au an advance of 25 per cent counting his bis holdings at shares would increase ills his wealth by while an advance of 59 50 per cent would increase it by the latest estimate of boulds wealth at its actual market value is on paper aper as the term is ud used in W wall j street it foots up a round but if it were to be liquidated or in other words dispo disposed sedof of at existing valuations in the stock market there would be a shrinking of 25 per cent so that this decrease must be deducted in making up an eakim estimate ate mr goulds goulda fortune is more subject to variation than any othet other of the great fortunes it is almost wholly com composed posed of th e an and d bonds bond a of various railroads ant and the western union telegraph company As the prices of these becu securities gitles rise and fall in the vacillations of the stock market so go also his fortune rises and falls there has been a great depreciation in his wealth in consequence of the heavy decline in the market but there to is likely to be an increase many fold greater if the advance in values which he expects takes place five years ago mr gould was compelled to retire from active speculation in consequence of failing health other otherwise he would probably be now at the head of the fiat list of millionaires his health has been completely restored he himself says that he has not been so go well fur for fifteen years and bis looks would seem to confirm the statement he is a man of wonderful vitality and activity he anever appears to have an idle moment he is continually studying the reports of the opt operations rations of his companies and also of other companies which are in competition or have a relation to the business of his or in which he contemplates acquiring stocks mr gould will not content himself with merely holding the vast lots lota of stocks he be has bought until they enhance in value to a degree that suits his ideas of a sufficient profit I 1 and then to sell he will be found a constant operator in the stock market tie he will retain his mammoth line of stocks but will make turns in the market as opportunities port unities offer in other words he be will sell stocks when he sees see a slump or temporary downfall approaching pro aching and aad buy them back again at the diminished valuations only to repeat the selling operation when higher figures have win again been wal ad l lre I 1 are always fluctuations of greater or less proportions in the stock market othor otherwise wise there would be an absence of trading by taking advantage of the rises and falls in the course of an ultimate advance of 50 per cent mr gould may reap profits of 75 per cent which would equal on his reported holdings of shares the colossal sum of adding the present paper value which would in the meantime be converted into actual value mis his total fortune would be 4 au augmented to flow how long it will be before the ad vance materializes which mr gould hooulu looks for is wholly conjecture 6 there is no doubt in the minds of speculators that a giedt rise in stock Is coming but there still may be k vicissitudes in the market sufficient I 1 ly y great to overwhelm strong men in the An financial ancial world there te in 4 little fear however that mr gould will be overwhelmed while he be ij was out of the stock market the ln in terest on his hia bonda and the dividends on his stock accumulated into a huge pile of ready money it was wag said when he be began bean buying stock recently that he had or A in cash in the different trust companies in new york he was therefore able to pay outright for the securities which be bought money is coining in to him all the while from his securities and he be will be able to ensure any financial convulsions that may ensue mr mould has said that he nouh never agal again a be a borrower of money j it ic does not look as if it would be necessary by realizing on the changes in the market he can keep himself in plentiful supply sal all the time if the occasion offered to make mackean an unusually large p profit crofit by the use of a greater sum 0 of money than he possesses it is together altogether likely that he will forego h his Is reso lution and take ad advantage of it he would have no difficulty in obtain ing money no matter how large an amount he be may require aquire he would s at all times have an abundance of collateral upon which to borrow ghere is no doubt that ut at this time by employing all his resources mr gould could get together almost if not quite in cash one reason why he does not desire to be a borrower is on account of the interest he would have to pay if he has more monty money than he needs he can loan it out and secure the in for himself it was not until he eute redWall street that his bis fortune assumed a any ny particular proportion his earlier ventures in fact were failures rather than successes once in the financial centre he demonstrated his peculiar ability for money making there were times when it seemed as if he were in a corner but he displayed the knack of extricating himself when other men under similar circumstances would have bave gone to the wall there never was as skillful ft a manipulator ot of stocks his 0 operations ll 11 since he returned to cu wall street less than a month ago have shown that lie lost none of his bb adeptness during his bis absence the market lately hideen has been undeniably in his control it must not be supposed that mr gould is able to turn the whole course of speculation for that would take almost the wealth of the universe the new york market is subject largely to the financial situation in great BrI britain tWaIn and other countries cou n tries and to the yields of the earth what mr gould to in able to do to is to move individual stocks and to accentuate the fluctuations in the general market this thies power it can be readily seen may be utilized to his bis great p ragnal gain it is understood that mr gould will follow the example of commo dore vanderbilt and leave the bulk of his fortune to one person his eldest son george J gould to t whom be bus given iven an excellent training in financial In financial ancial matters gould sr or to is not a member of the J new york stock exchange where his financial fina acial operations have ay iy ally been conducted his son ceorge r e and ana his next youngest sou son edwin are both members mem bere although they spend little time on the floor irl geo Jl Gould la is hot to be seen been there ones once a year he is ie steadily occupied at the offices of his father in the western union building directing the widespread gould inter interests bats his work relieves jay gould of the details of the operation of the various companies controlled rolled by him and leaves him free to develop new schemes none of the millionaires lias has fewer diversions than mr gould he formerly was something of a horseman and was seen nearly every day speeding u up the road to macombs dams damis LIU bridge behind a fast animal but after a time he wearied of these outings pleasant afternoons nowadays tf I 1 he be rides through the park with his daughters in a closed carriage in going to his office be takes a train at the fiftieth street station on the sixth avenue elevated railroad and alights at cortland street one block below the western union building he has tired of the magnificent steam yacht atalanta which he be built a few years ago and he be would undoubtedly sell it reasonably it Is ia almost as large as an ocean going steamship fifty two men are required to man it consequently cou y the expense of running it is very heavy and a man even of mr goulds wealth w balth to is apt to look at expenses when it assumes large proportions the yacht affords a pleasant means of going between IN new ow york and his summer residence at irvington on the ane hudson but he could go quicker by railroad and time is always a consideration wi b h him on the long trip which he and his family made across the ocean and to the mediterranean and the important european ports they found that life in a roomy house was preferable to that in the confined erts of a yacht even if the vessel were finely enough equipped to be denominated a floating palace f mr goulds habits are as regular aa as clockwork he goes to bed and gets up and eats his meals at certain t and unvarying hours his evenings w S are seldom spent outside of his iz 62 own home he usually takes with him from we his office reports of the managers of b bis is properties and other documents which lie carefully studies whatever additional time lime he may have he devotes to books 4 he to is a great reader and aed is well posted on ancient and modern history and the progress of science Y he reads the newspapers thoroughly y P and thus keeps well informed on the events of the day the politicians themselves are not better judges of the trend of politics than he one secret of mr goulds success hau hah been in taking cognizance of what asping is going on the world over george J gould the prospective heir to the gould millions is a young man of 30 who already has an ample fortune of his own his father lives in a large brown stone atone mansion on the northeast corner of fifth avenue and forty seventh street and he has baa his own home in a house in forty seventh street directly back of it he to is fond of outdoor there are few as good shots as young mr gould his favorite way of testing his mark manship is ts ina in shooting booting clay pigeon sprung from a trap A second after a pigeon is cast into the air it is smashed into smithereens he has a palace built of logs in the midst of a tract of acres in the wildest and most picture picturesque ue part of the catskill mountains mountain I 1 nowhere else such a log leg house it is fully as targe as his city residence he has a schooner yacht the hildegarde which formerly belonged to the prince of wales he is an operator on an extensive scale in the stock market and the hand iome borne additions that he has made to his fortune through speculation show that he has inherited his fathers skill in this respect omaha world herald |
