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
Jay Gould’s career was not a colorless one, but was full of episode and
variety. He was a genuine American in that he had engaged, before he
was out of his teens, in some dozen pursuits, which number he doubled
in the next few years. Milking twenty cows in his father’s dairy;
clerking in a country store; running a hardware shop; learning the
tinner’s trade; working in a country newspaper office, and writing
a history of Delaware county, were among his earlier employments.
And then came his enlistment in a surveying corps and his experience
in map drafting, which led up to the leather industry. This chapter
in Mr. Gould’s career is a sensational one. His enlargement of the
tannery business in Pennsylvania, his establishment of a village named
for himself, Gouldsborough, and of a bank of which he was director,
were the business portions of the sensation. The suicide of his
partner and the war for possession of the tannery, between two bands
of roughs fighting one for Gould and one for his partner’s estate,
were sensations of another kind. Next Mr. Gould went into the railroad
business, drifting there by the aid of his father-in-law, who wanted
to make the best of a marriage which he had opposed. From that time to
this, Mr. Gould has been prominently before the public in financial
operations, and his history is the history of Wall street. Opinions
of Mr. Gould have been just as varied as his own pursuits. There are
those who laud him to the skies for the success he had in creating
his enormous fortune, and who think him the sum of all good things.
There are many others who think of him as being simply a close-fisted,
unscrupulous, selfish business man of undoubted ability, but with
no thought except to add to his wealth by whatever means might be
necessary at the expense of others. And there is another large class
of those who consider Mr. Gould to have been a type of all that is
worst in Americans, a man who wrecked fortunes and honor of others
to add to his own, who purchased legislatures at will whenever he had
anything to desire from them, and who had absolutely no redeeming
traits of character. It will be our effort to show what justification
there may be for each opinion. Whatever other merit may be claimed for
this modest biography of a rich man, it is certainly to be considered
as entirely fair, with no bias for or against its subject, and no
inclination to do anything but justice to his memory. No effort has
been spared to secure reliable, accurate and exhaustive information
on the history and personal characteristics of Jay Gould. Inasmuch
as great influence is exerted on every man’s life by those business
associates most closely connected with him, attention has been given
to those other noted financiers whose association with the “wizard”
have been the nearest. The ever-present influence of ancestry and
immediate family make that subject also an essential one to the true
understanding of the man. The history of “Black Friday” and its
Public-domain text, read in full here on John Shaqi.
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