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
“There was something peculiar about his work--I don’t recollect what
now--but it led to a somewhat long debate. This was terminated by Mr.
Sage, who said as he always did when in doubt: ‘Well, we will leave the
matter to Mr. Gould.’ When Mr. Gould came in the matter was referred to
him with the explanation of the debate and the points of difference.
Mr. Gould took up the report and read it through. Then he read the
request for an increase. When he had finished he turned and said:
‘Gentlemen, is there any of you who would like to do the work that man
has done for $2,400 a year?’
“Every man shook his head. ‘Neither would I,’ remarked Mr. Gould. ‘If
he can do all this work he is certainly entitled to this $3,600 he
asks, and we get off cheaply at that in having a faithful, honest and
most capable employe.’”
Among other stories told of Mr. Gould are the following:
Some years ago he was tendered the nomination of Rex, the king of the
Mardi Gras carnival in New Orleans. He declined this, of course, and
when asked jokingly by a friend why he had put ambition away, remarked
dryly:
“Well, I don’t think the nomination was entirely disinterested or that
I would have reigned supreme. I have always heard that there was ‘a
power behind the throne,’ and in this case I am sure of it.”
With this he thrust his hand into his pocket and drew forth the letter
notifying him of his selection to the high office. Enclosed in it was a
bill for $1,000, the price of the honor. The functions of Rex that year
were performed by a St. Louis brewer.
Mr. Gould could never accustom himself to take with equanimity the
criticism and abuse that were heaped upon his head. He was exceedingly
sensitive of ridicule and loathed the term “Little Wizard,” by which he
was not infrequently designated by the Wall street men and the papers.
He often heard himself most grossly abused. Once, it is related,
during a particularly vexatious series of delays to a crowded elevated
railroad train in which Mr. Gould happened to be, a tall, muscular
individual broke out into a torrent.
“It’s ridiculous,” he shouted. “The accommodations on this road.
Absurd! Scandalous! That man Gould won’t put on an extra car. Valuable
franchise for a song, but an extra train means a dollar less or so in
profits. It’s a shame, and I’d like to have that little rat Gould here
to tell him and then pull his nose.”
Mr. Gould stood by the blusterer’s side almost crushed in the crowd.
He said nothing, however, and the man continued his outburst until he
reached a station, where he left the car, after pronouncing a final
malediction upon Gould’s head.
Public-domain text, read in full here on John Shaqi.
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