He first ran over to Amsterdam from London, arriving there late in the morning. At 10 A. M. that day he notified the Dutch bondholders of the Denver Pacific that he would be pleased to meet them at 11 o’clock. Promptly at that hour he met them, and at 12 he left Amsterdam with his gripsack full of the securities of the Dutch bondholders. By this means he captured control of the Denver Pacific. Inside of ten hours he bought out Commodore Garrison’s interest in the Missouri Pacific. He bought out ex-Governor Ames’ interest in the Central Branch of the Union Pacific, and he had previously formed a pool by which he acquired control of the Kansas Pacific. One day the Union Pacific directors awoke to the alarming discovery that Mr. Gould had dropped out of their organization and was surveying a line from Denver to Salt Lake City. The Kansas Pacific was utterly worthless, the Central Branch had not earned any money for years, the Denver Pacific had been in very bad shape; but when the Union Pacific directors discovered the extent of Mr. Gould’s combinations they lost no time in boarding a special car in Boston and rushing over to New York to see him about it. They went up to Mr. Gould’s house and were there gathered in by him on the consolidation of the three roads, all of their stock being exchanged at par and merged into the new Union Pacific Railway Company as distinguished from the Union Pacific Railroad Company. This incident formed one of the subjects of inquiry committed to the Pacific Railroad Commission in 1887. The members of the commission appointed by President Cleveland consisted of Gov. Pattison, of Pennsylvania; E. Ellery Anderson of this city, and David Littler, of Illinois. The Union Pacific railroad and the Kansas Pacific railroad companies had received government subsidies in bonds and lands. The bonds were received upon the stipulation that the companies would pay at par and accumulated interest upon their maturity. The first of these bonds will mature in 1895. An application had been made by the Pacific railroads to Congress to extend the time of payment, and this commission was appointed to report upon that matter and incidentally to furnish Congress with information relative to these deals which had affected the status of the corporations.