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
In the course of his Pacific Mail campaigning Mr. Gould was much more
frequently a bear, than a bull. He used to say he had never found but
one unerring bull point on Pacific Mail, and that was to report that
the company had lost one of its ships. Perhaps his biggest drive at
this stock was when he discomfited Leonard Jerome and played smash with
the uptown corps of speculators who made up what was a dozen years ago
known as “the Fifth Avenue Hotel party.”
Just after that famous clean-out Leonard Jerome went abroad. In the
course of his meanderings he came upon the famed Temple of Karnak.
“There, Mr. Jerome,” quoth a companion, “are the most remarkable ruins
in the world.”
“No; oh, no; don’t tell that to me,” answered Leonard Jerome feelingly;
“you ought just to have seen Pacific Mail last summer!”
Mr. Gould did not have any of that quality which descriptive persons
call “presence.” No stranger would have ever been impressed by any mere
look at him that he was much of a man. He was courteous always. In
public he was never known to get mad, or, indeed, even to say a rude
thing, except it be on one occasion, when, with more or less quietness,
he remarked to an ambitious young gentleman who more recently became a
figure in Wall street:
“You make me feel very sorry that I am so busy. If I had time I’d
really enjoy taking a day off to send you to State prison.”
Of course, Mr. Gould was in lots of scenes where passion ran high.
Everybody in Wall street recalls the historic day after Black Friday
when Mr. Gould’s old partner, Henry N. Smith, shaking his finger in Mr.
Gould’s face, shouted:
“I’ll live to see the day, sir, when you have to earn a living by going
around this street with a hand organ and a monkey.”
“Maybe you will, Henry, maybe you will,” was the soothing response.
“And when I want a monkey, Henry, I’ll send for you.”
In the book of Mr. Clews quoted before, is found the following: “There
is a story told with several variations, in regard to a sensational
interview between Mr. Gould and Commodore Vanderbilt. The scene is laid
in the parlor of the commodore’s house. It was about the time that
the latter was making desperate efforts to get a corner in Erie, and
at that particular juncture when having been defeated in his purpose
by the astute policy of the able triumvirate of Erie, Gould, Fisk and
Drew, he had applied to the courts as a last resort to get even with
them.
“They had used the Erie paper-mill to the best advantage, in turning
out new securities of Erie to supply the Vanderbilt brokers, who vainly
imagined that they were getting corner in the inexhaustible stock. Mr.
Vanderbilt was wild when he discovered the ruse, and had no remedy
but law against the perpetrators of this costly prank. These adroit
financiers usually placed the law at defiance, or used it to their own
advantage, but this time they were so badly caught that they had to
fly from the state, and take refuge in Taylor’s hotel in Jersey City.
Public-domain text, read in full here on John Shaqi.
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