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
We see him now driven out of Erie by the indignant
stockholders, headed by Gen. Sickles, Gen. Dix and Gen. McClellan.
We see him arrested for appropriating the property of the company of
which he was president, and to save himself we see him make a pretended
restitution of the misappropriated millions. We see him cornering
Northwest and raking in the wealth of his recent Wall street partner.
We can see him now fastening his fingers on the great Union Pacific
railroad, which for ten years he controlled. We can see him betraying
his trust as trustee for Kansas Pacific mortgages, for which he was
obliged years after to plead the statute of limitations in order to
save himself from prosecution. We see him securing control of the
Pacific Mail, the chief American steamship line. We see him buying for
a few million dollars from Commodore Garrison the Missouri Pacific,
‘just as a plaything,’ but which he afterward developed into a great
railroad system covering thousands of miles of territory. We see him
repeating his old Erie tactics in Wabash and we can hear the stinging
words of an unpurchasable judge as he turns his dummy receivers from
power. We see him organizing an opposition against Western Union until,
the favorable moment arriving, he secures control of the company and
by a series of extraordinary consolidations make himself the head of
a telegraph monopoly with a system covering the United States and
crossing the Atlantic Ocean. We hear the crash of another panic. There
are moments when we think the great speculator will fall--when, lo! we
see him calmly exhibiting his millions of securities to his friends.
Others fail, among them men who had been his partners and agents, but
he is safe. We see him living in a palace on the Hudson and ploughing
the waters of the river and the ocean with the most splendid yacht
ever constructed. We see him at home, the personification of domestic
honor and purity, a faithful husband and a kind father, and we see him
abroad, hated, feared and detested. Despite his record, we find the
power of his millions and of the great properties he controlled felt
in every direction. He is a factor in elections. Candidates seek him
for favors. He dictates appointments to high offices. Honorable men
who would not repeat his methods sit with him in boards of direction
and are identified with some of his enterprises. Nothing that the
fertile imagination of Balzac, Dumas or Gaboriau ever conceived equals
in dramatic incidents and sensational developments the career of this
extraordinary man.
Public-domain text, read in full here on John Shaqi.
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