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
Gould was not a member of the Stock Exchange, though he was often the
biggest customer the institution had. He was, however, almost always
in general or special partnership with some member of the Exchange and
thus obtained all the advantages of personal membership. After the
dissolution of the house of Smith, Gould & Martin, Gould became the
silent partner in the firm of William Belden & Co. This was succeeded
by the famous house of W. E. Connor & Co., which lasted about ten years
and which engineered some of Mr. Gould’s most successful deals. At
the time Mr. Gould retired from the firm, in 1886, it was composed of
himself as special partner and of Washington E. Connor, G. P. Morosini
and George J. Gould, the great operator’s eldest son. Mr. Connor was
the ideal broker and perhaps the most valuable lieutenant Mr. Gould
ever had. Not overscrupulous in carrying out the interests of his
master, he was faithful to the last minute to him. Tempting offers
were made to buy him off at various times, and he might have made
several fortunes in betraying the confidences of his chief, but it is
believed he was always true. Like Morosini, he allied his interest
to those of Gould and profited by the connection. When the firm
dissolved, Gould said of his partners: “Both are very rich men. Mr.
Connor is worth at least a million and Mr. Morosini two or three times
as much. The new firm will have my heartiest good will in whatever it
undertakes. Between Mr. Connor, Mr. Morosini and myself there has never
been an interruption of good feeling.”
Public-domain text, read in full here on John Shaqi.
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