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
The tin shop was profitable but slow, and with an outcropping of
the avidity which he afterward showed, he sought for something more
lucrative. In 1852 he transferred his interest to his father and
arranged to take charge of a surveying party at twenty dollars a month.
Gould had heard of a man in Ulster county who was looking for an
assistant. He was making a map of that county and Gould wrote to him.
When he left home to take the position, his father offered him money,
but he left all his capital in the store, burned his ships behind him,
and took only money enough to pay his fare to the place where the new
position was to begin. His new employer started him out to make the
surveys, to see where the roads were and to locate the residences. He
also instructed young Gould to get trusted for his living expenses
along the way, and that he would pay them following after him. Two
or three days later, Gould ran against the first objection to this
arrangement from one of his entertainers, who knew that the employer
had already failed three times. He agreed to trust young Gould but
would not trust the employer. The boy wandered on after this rebuff
until three o’clock, before making an effort to get his dinner. His
wretchedness and its relief are interestingly told in a letter that Mr.
Gould wrote to a friend some years later.
“I was out of money--that is to say, every cent I had at my command
was a ten-cent piece, with which I had determined not to part. Fall
was approaching, and, unless our surveys were completed before winter
set in, the final completion of our enterprise would be necessarily
delayed until another season, subjecting us to additional expense,
which I feared would prove hazardous to the enterprise. I was among
entire strangers and consequently without credit. I could not spare
time to go to Delaware county after funds, and I had not money to reach
there. If tears had been coin my empty coffers would soon have been
amply replenished. In this emergency a welcome expedient accidentally
presented itself. I was prosecuting my surveys at this time in the
town of Shawangunk, and, while the tears were even trickling down my
cheek, a farmer came running after me and asked me if I would not
return with him to dinner and make a ‘noon mark,’ which is a north
and south line, to indicate, by the shadow caused by the rays falling
against an upright object and striking the line, the hour of midday. I
accepted the invitation with pleasure, as a couple of crackers was all
I had eaten since the preceding night, and I had been working since
daylight and was consequently hungry and faint. After dinner I made
the noon mark, and, turning to leave, the farmer asked me my bill. I
replied that he ‘was welcome.’ He insisted, however, on paying me a
half dollar, which he assured me a neighbor had paid for one, which I
accepted, and started on my way, and had I that moment discovered a
continent it would have afforded me less joy. I saw that I could turn
Public-domain text, read in full here on John Shaqi.
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