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
“I had known Mr. Gould for five years, and from the beginning of our
acquaintance he evinced an interest in the close relation between
the university and telegraphy, and he made it a favorite subject of
conversation. He made the largest single subscription toward our
purchase of the uptown grounds, $25,000, and he gave an additional
conditional pledge which I have never made public and shall not yet.”
In his active, tempestuous business career one might infer that Jay
Gould had little time and less inclination to take up charitable work
to any extent. As a matter of fact, what little is known of him in this
connection became public within a very recent period. His friends say
he gave largely and was generous to a degree when he was assured of the
genuineness of a reported case of distress. He never, so far as can be
learned, made use of any public organization in the disbursement of
funds for any charitable object. Whatever he did he preferred to do
with his characteristic secrecy.
He was greatly influenced by his family in giving, and through his
children quite a large number of institutions were aided by the money
of the financier. For instance, his daughter Helen, of whom he was
exceedingly fond, is interested in many organizations engaged in
charity work. Through her Jay Gould has given frequently and largely.
A pretty story is told of the charity organization society that existed
in Mr. Gould’s own household. Its sessions were held each morning after
breakfast. Like other rich men, he was assailed constantly with showers
of begging letters. These were regularly sorted out every morning, and
each member of the family chose as many from the pile as desired until
none were left. If a letter appeared to describe a case of real need it
was placed in the center of the table. The others were burned.
Then ensued quiet investigation, conducted as secretly as the
operations of the closest detective bureau. People in want were given
aid commensurate with the needs of the particular case, but were
never able to thank the donor, for the identity of the giver was never
disclosed. In this way, it is said, many hundreds of poor people were
relieved.
Another method employed was to look up cases of distress independent of
the petitions poured in by mail. To just what extent this charitable
work was carried on will never be known, for those conversant with it
will not speak of it.
Public-domain text, read in full here on John Shaqi.
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