The Wizard of Wall Street and His Wealth; or, The Life and Deeds of Jay Gould — John Shaqi
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
“Mr. Gould; when last on the stand, and examined in relation to
various vouchers shown him, admitted the payment during the three
years prior to 1872 of large sums to Barber, Tweed and others, and
to influence legislation or elections; these amounts were charged
in the ‘India-rubber account.’ The memory of this witness was very
defective as to details, and he could only remember large transactions,
but could distinctly recall that he had been in the habit of sending
money into the numerous districts all over the state, either to
control nominations or elections for Senators and members of Assembly.
Considered that, as a rule, such investments paid better than to
wait till the men got to Albany, and added the significant remark,
when asked a question, that it would be as impossible to specify
the numerous instances as it would to recall to mind the numerous
freight-cars sent over the Erie road from day to day.”
The report of the committee concludes as follows:
“It is not reasonable to suppose that the Erie railway has been alone
in the corrupt use of money for the purposes named; but the sudden
revolution in the direction of this company has laid bare a chapter
in the secret history of railroad management such as has not been
permitted before. It exposes the reckless and prodigal use of money,
wrung from the people, to purchase the election of the people’s
representatives and to bribe them when in office. According to Mr.
Gould, his operations extended into four different states. It was his
custom to contribute money to influence both nominations and elections.”
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account