The Wizard of Wall Street and His Wealth; or, The Life and Deeds of Jay GouldWhite, Trumbull
History
The Wizard of Wall Street and His Wealth; or, The Life and Deeds of Jay Gould
White, Trumbull
Businessmen -- United States -- Biography; Capitalists and financiers -- United States -- Biography; Gould, Jay, 1836-1892
Mr. Gould was never known as a large investor in government bonds. He
is said, though, to have subscribed liberally to the debenture bonds
of the New York Central. A mass of miscellaneous securities must be
counted in the aggregate, including bonds of coal properties on the
line of the Missouri Pacific, southern ventures and a host of bonds and
stocks of varying degrees of worth and promise.
The possessions of Mr. Gould at Irvington-on-the-Hudson and his home
in this city may be estimated at $1,000,000. Far more than this amount
has been invested in the two properties, the decorations of the
Fifth avenue house and the extensive conservatory alone commanding
the expenditure of important sums. It is also said that Mr. Gould
owns considerable real estate in the West. He is understood to have
considerable property in St. Louis which is productive, and he is
believed to have made purchases of improved property in Chicago after
the World’s Fair enterprise became assured of success. But much of his
real estate investments in Texas and other parts of the Southwest, and
in Southern California, is of a nature that does not yield immediate
returns.
There is an agreement among several men who have means of estimating
Mr. Gould’s wealth that its aggregate value may be placed around
$100,000,000. A few estimates carry the value higher, while the
conservative view would put the sum at $80,000,000 or $90,000,000.
Russell Sage estimates his friend’s estate at $100,000,000, but
Washington E. Connor is said to have placed his estimate at a
considerably smaller figure. Another man, who has some knowledge of
Mr. Gould’s affairs, stated that Mr. Gould had an annual income of
$5,000,000, and that, considering the character of much of the property
held by Mr. Gould, it was safe to say that this income must be based
on a principal of $100,000,000 or more. Allowing for the difference
in estimates made by those persons who should know the facts, it is
believed that the following table presents to as close a degree as is
possible the current value of the Gould estate, and of its principal
constituents:
_Holdings._ _Estimated
Value._
Western Union stock $22,000,000
Manhattan stock 14,000,000
Missouri Pacific stock 5,000,000
Missouri Pacific system bonds 20,000,000
Union Pacific stock 5,000,000
Union Pacific bonds or notes 2,000,000
Wabash stock 3,000,000
Wabash bonds 5,000,000
Texas and Pacific stock 5,000,000
Texas and Pacific bonds 5,000,000
Other securities 10,000,000
Real estate, etc. 4,000,000
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Total $100,000,000
Public-domain text, read in full here on John Shaqi.
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