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
No man in the country had a wider audience than Gould. Whatever he
had to say was sure of publication in every newspaper in the land.
Journals that continually denounced him would print everything he had
to say as a matter of news. Gould was always an interesting figure. The
public never tired of reading about him, his operations, his yacht,
his home, his daily life. Every word he uttered was eagerly reported
and his movements were watched as closely as the President’s. In his
later years he was quite accessible to newspaper men, and they found
him not averse to the process of interviewing if he had anything to
say. The _Tribune_ and _Sun_ were his favorite mediums of communication
with the public, because they seldom attacked and often defended
Gould. Indeed, they were looked upon as his personal organs during
a part of his life. But Gould would frequently give interviews to
other papers. He recognized the fact that the papers which opposed
him were of the widest circulation and influence, and that if he had
anything to say it was time to give it to the largest circulation. The
_World_ was foremost in denouncing his operations, but he was often
pleased to reach the public through its columns, even if his words
were accompanied with severe editorial criticism. Mr. Gould was a good
talker; he possessed the art of saying little or much, as he pleased.
The most skillful of interviewers could not trap him into saying
something which he did not wish to say. When he got through he would
stop, and no amount of ingenuity could induce him to continue. Mr.
Gould was fond of testifying to the honesty and good faith of newspaper
men. When he knew his man he said he could trust him not to betray him.
But Gould almost invariably insisted on seeing the proof-sheets of the
interview before publication.
From 1880 to 1883 Mr. Gould owned the _World_. We have his own word
(in an interview in the _World_ in June, 1883) that he purchased the
control of the paper from Col. Tom Scott, the famous Pennsylvania
railroad king, as a part of a negotiation which included also the
purchase of the Texas Pacific railroad. Mr. Gould said that Col. Scott
appealed to him at Berne, Switzerland, in 1879, to take the road and
the paper off his hands. William Henry Hurlbert, who was editor of
the _World_ under Gould, gave a different version of the transaction,
claiming that the purchase from Col. Scott was the result of a
negotiation opened by Mr. Hurlbert with Mr. Gould.
The _World_ did not thrive under the ownership of Gould. It did not
possess public confidence. The paper was used as an instrument in
Gould’s Wall street operations. Brilliant editorials could not redeem
it from the withering influence of Gould’s name. Its circulation had
shrunk to 15,000 when Mr. Joseph Pulitzer purchased it in May, 1883.
After church, charities, politics and the press, the relations of Mr.
Gould with his employes are interesting to notice.
Public-domain text, read in full here on John Shaqi.
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