because of two reorganizations (as the Erie Railway in 1859 and Erie Railroad in 1895) and a proxy fight by Cornelius Vanderbilt (of New York Central fame) to take over the Erie in the 1867. Erie Lackawanna PA-1 #856, still wearing its Erie colors, is seen here in Port Jervis, New York on September 6, 1964. newspapers, the Western Union Telegraph Company, Gould was born in Roxbury, New York, to Mary More (1798–1841) and John Burr Gould (1792–1866). The hope was that by inflating the price of gold the two could likewise raise the price of agricultural products in the western states and lure farmers to sell, allowing for a great deal of freight traffic to begin moving eastward, and presumably over railroads in which they either controlled or held an interest. He went to a … The system was reorganized into two railroads, the Salem & Rutland and Troy, Salem & Rutland. Gould, whose first full name was actually Jason, was born in Roxbury, New York in May, 1836. What became known as the "Erie War" with Jim (James) Fisk, Gould, and Daniel Drew occurred with Vanderbilt attempted to gain control of the Erie Railroad to include with his NYC&HR system. While remembered as a shady Who is the longest reigning WWE Champion of all time? At one point he operated or Erie Railroad, "Serving The Heart Of Industrial America", Missouri Pacific, "Route Of The Eagles"Union Pacific, "Be Specific - Ship Union Pacific". A popular pastime for many is studying and/or exploring abandoned rights-of-way. In the end, Gould was forced out of the Erie Railroad altogether in 1879. The ultimate result will be to annihilate the Indians & open up the Big Horn & Black Hills to development & settlement & in this way greatly benefit us. dating all of the way back to 1832, when it was chartered that year by the Governor of The amount of information found there is quite staggering; historical backgrounds of wheel arrangements, types used by virtually every railroad, preserved and operational examples, and even those used in other countries (North America and beyond). Fisk joined with Drew and Jay Gould to wage the Erie War, a scheme to use the Erie Railroad to pry huge amounts of money from the equally avaricious Cornelius Vanderbilt. his father. A rather unsuccessful and rundown operation when he arrived, Gould was able to turn the system around and make it profitable. connections to larger markets and cities. Members of the Legislature impassively took money from both parties. Jay Gould Jay Gould's mansion in Tarrytown NY is called Lyndhurst Castle. Although he came from a poor background Gould devoted his early years to scholarly study attending the Hobart Academy where he would eventually earn a job in a blacksmithing business. During the Civil War, he continued to buy stock in railroads. Jay Gould's legacy as a shady speculator and businessman likely began in August of 1869 when he attempted to corner the gold market along with associate Jim Fisk. : DATE-~06-~SEPTEMBER-~2020. 8. His workers were over worked and under payed no matter the gender. By 1884 Jay Gould had gained control of Western Union Telegraph, the New York Elevated Railway and the Union Pacific Railroad. In vain did his agents and lobbyists pour out stacks of money to buy legislative votes enough to defeat the bill legalizing Gould's fraudulent issue of stock. During the :Russell-Jay:Gould -- Warcastle Series - important to know. Interview with Russell-Jay:Gould 5. wasn't attempting to "steal" money. public so despised tycoons as he usually attempted He would buy old, disorganized railroads and he would organized them and he made a lot of money just from doing that. Alas, in 2013 the site closed by thankfully Don Strack rescued the data and transferred it over to his, If you are researching anything EMD related please visit, If you are researching active or abandoned corridors you might want to check out the. James Fisk, flamboyant American financier, known as the “Barnum of Wall Street,” who joined Jay Gould in securities manipulations and railroad raiding. 104 Jay Gould Quotes (The Wizard of Wall Street Quotes, Jason Gould) 1 2 3 A little money and perseverance will make any man rich. One secret of this marvellous advance was the narrator's development of the iron interest on the line of the road and its branches, but no sooner did other speculators perceive that Mr. Gould was making money where they had lost, than a great outcry was raised that “ the Union Pacific was Jay Gould's road,” scenting danger of some kind in that fact, though what the exact cause of the panic was it would be … However, Gordon-Gordon stole the money and ensuing battle between the two for the money resulted in Gould being ousted from Erie's board of directors. What does contingent mean in real estate? Perhaps more than any other, Jay Gould defined why the general Fisk worked successively as a circus hand, waiter, peddler, dry-goods salesman, stockbroker, and corporate official. Four years later in 1863 he married Helen Day Miller, and through her father truly entered the railroad industry by becoming manager of the Rensselaer & Saratoga Railway. He had lit tle money, but he was determined to wed. Jay Gould. In 1856 at the age of 20 Gould truly entered the business world when he partnered with Charles Leupp and opened a tannery. Gould would in turn reorganize all of the railroads into simply the Missouri Pacific, which would quickly stretch throughout the west with acquisitions in Missouri, Nebraska, and Kansas. Jay Gould Work never hurt anybody. By Staff Writer Last Updated Mar 26, 2020 1:20:22 PM ET. Jay Gould I tell you I’m going to be rich. The Black Friday gold panic of September 24, 1869 was caused by a conspiracy between two investors, Jay Gould and his partner James Fisk, and Abel Corbin, a small time speculator who had married Virginia (Jennie) Grant, the younger sister of President Grant.They formed the Gold Ring to corner the gold market and force up the price of that metal on the New York Gold Exchange. Several survive today, including this unit. Not realizing he was an imposter, Gould gave him $1 million in stock and Gordon-Gordon in turn promised to … Jayson Gould was born in Roxbury, New York, on May 27, 1836, the son of John Gould and Mary More. Jay Gould. line by 1851. One of the ways in which he did this was through the control of the nearby and bankrupt Rutland & Washington Railroad, which connected Eagle Bridge to Salem, Vermont. Author's collection. Gould's attempt to directly seize and take control of the Erie in 1873 failed when his bribery attempt backfired. BORN: May 27, 1836 • Roxbury, New York DIED: December 2, 1892 • New York, New York Financier. How he (or his related industries) treated workers? flaws he actually was quite successful at operating railroads when he The name Gould has undergone many spelling variations, including Gould, Goold, Gold, Gilder and others. His father, John, worked as a farmer while his mother Mary was a daughter of a prominent businessman. Jay Gould was dead at the age of fifty-eight, leaving a fortune of $70,000,000 to his children and making absolutely no bequests of any kind to the nation whose development had made him rich or to the society which tolerated and fostered his accumulations. In addition, #6936 remains in operation as part of UP's heritage fleet. After losing control of the Erie, Gould headed west where he eventually gained control of the Union Pacific, Missouri Pacific, and a number of other smaller systems. For your First-Step in the Getting: CLAIM-LIFE-BIRTH-CONTRACT IS with the next-newsletter, which, will-give: website, where-you-can-get-your: CLAIM-LIFE-BIRTH-CONTRACT. Jay Gould bought and reorganized the Erie Railroad, and, along with Daniel Drew and James Fisk, worked to keep Vanderbilt from taking control of the railroad in the so-called Erie War. Jay Gould would also come to own other interests such as He’d established a firm legacy as one of America’s ‘old money’ founding families, such as the Astors, or the Rockefellers. The owner was so impressed by Gould's business skills that However, that money has to go somewhere, but where did Gould’s go? What is the theme of the poem the Spouse by Luis Dato? However, for all of Gould's point he tried to corner the gold market and later only defeated the powerful Cornelius Vanderbilt for control of the Erie Railroad Fisk's and Jay Gould's legacies as shady speculators and businessmen likely began (at least in the public's eye) in August of … New York, De Witt Clinton as the New York & Erie Railroad to build a In 1866 he formed Fisk and hospitals, universities, and libraries. money. December, 1892 Gould was said to be worth about $72 million and while he Jay Gould would die on December 2, 1892, leaving his fortune of approximately $72 million to be appropriated amongst his family members. James Ehernberger photo. How did they give kirk Douglas a peg leg in the man from snowy river? One of Union Pacific's "4000s," 4-8-8-4 "Big Boy" #4004, takes on water at Red Butte, Wyoming at the base of Sherman Hill with a westbound freight on August 30, 1958. "), boarding at the station in Marion, Ohio on February 22, 1957. to these new markets was a very labor intensive and difficult task became a successful manager of railroads himself, turning around a The most notorious plot of Fisk’s short career was the attempt to corner the gold market during 1868 and 1869. After Gould was also able to snatch up a somewhat parallel route of the When Jay Gould passed away in New York in 1892, he left behind a reported $77 million. For instance, at one Jay Gould I do not want processes, but results. Mr. Gould used Lyndhurst as an escape from the pressures of his business life. In 1998 a gentleman by the name of Andre Kristopans put together a web page highlighting virtually every unit every out-shopped by General Motors' Electro-Motive Division. How did Prince Harry and Meghan Markle meet? Early Notables of the Gould family (pre 1700) Notables of the family at this time include James Gould (1593-1676), an English politician who sat in the House of Commons between 1659 and 1676; and Thomas Gould (ca. A pair of Erie E8A's have a westbound passenger consist, likely headed for Chicago ("Erie Limited? Some time in 1873, Gould met a man, who claimed to be Lord Gordon-Gordon and a cousin of the Campbells, the descendents of the ancient rulers of Scotland. His hunch correct, many of these business became profitable following the Panic. In what essentially started as an argument between the two turned into a battle of wills as Vanderbilt attempted to corner Erie's stock. David Hawkins collection. They utilized a pair of Electro-Motive's 16 cylinder, 645E3A prime movers and were actually quite successful logging millions of miles before all retired by the mid-1980s. After this short venture he worked as a surveyor, using his He did not give back ownership of the railroad, however. Missouri Pacific E8A #36 totes a short passenger consist past Sheffield Tower in Kansas City, Missouri in June, 1969. And be fore he married he asked for a mar riage portion of $5,000,000 and got $3,-000,000. In an effort to get Gordon back to the United States, Gould and several associates tried to bring Gordon back in a failed kidnapping attempt that caused a small international incident with Canada. (It should be noted that this extremely conservative amount was accepted by the government in an effort to receive the taxes associated with it … When did susan sarandon play Cinderella on the tv version? : Team-Quantum. Wes Barris's SteamLocomotive.com is simply the best web resource in the study of steam locomotives. By the early 1880s he would hold more than 16,000 miles of railroad under his management. 19th century the Erie was one of the most powerful eastern railroads Home almost every scheme in the book to achieve a profit. Why don't libraries smell like bookstores? Did anyone get :Russell-Jay: Gould’s authorization for this? Just type in a town or city and click on the timeline of maps at the bottom of the page! Over the course of his career, Gould made and lost several fortunes as a railroad executive, financier, and speculator. While it is said he was one of the most hated men of the 19th century he generally did well at overseeing the railroads under his control, such as the MP. Gould's ruthless nature is somewhat surprising considering the man's relatively quiet and unassuming nature. In response, Gould and his associates attempted to artificially inflate the Erie's stock value (also known as "watered stock", Gould was issuing new stock as soon as Vanderbilt purchased it), which is fraud and against the law. All photos and videos, copyright individual owners/organizations. Jay Gould began investing in small railroads in 1859. Today, there are tens of thousands of miles scattered throughout the country. Gould studied at the Hobart Academy in Hobart, New York, paying his way by bookkeeping. His father was a farmer and a storekeeper, and Jay, as a small boy, grew up on a farm. When did organ music become associated with baseball? If you are researching anything EMD related please visit this page first. Jay Gould There isn’t any secret. As a young boy, he decided that he wanted nothing to do with farming, his father's occupation, so his father dropped him off at a nearby school with fifty ce… the late 19th century it had reached points such as Buffalo, Rochester, Railroad magnate Jay Gould purchased the estate as a summer home in 1880, seven years after Merritt died. Jason "Jay" Gould made his money buying and repairing railroads. At the time of his death in December, 1892 Gould was said to be worth about $72 million and while he did donate some money to charitable causes most of his fortune would be willed to his children. St. Louis, Iron Mountain & Southern the Missouri Pacific stretched controlled more than 10,000 miles of railroad, usually turning the At the time of his death in 1892 Gould's net worth was $77 million; adjusted for inflation that number would be an astronomical $79 billion today. businessman, many of Gould's children were thought of otherwise. But Jay Gould wasn’t one to give … He hadn't even met Miss Gould when he privately announced that he would marry her. It was finally able to complete this main Many were pulled up in the 1970's and 1980's although others were removed long before that. His father enrolled him in local schools and later in Hobart Academy located in Hobart, New York. An official, 1930 system map of the Erie Railroad. and New York City's elevated railways. with Dunkirk on Lake Erie. However, the plot failed when President U.S. Grant was forced to step in and break up their scheme (although questions have arisen as to whether Grant at least aided in their initial efforts) after what became known as "Black Friday" (which occurred on September 24, 1869). 4. I avoid bad luck by being patient. It is a must visit! A Union Pacific publicity photo featuring one of its powerful, 6,600 horsepower DDA40X's, #6900, at Omaha, Nebraska circa 1969. The railroad began as the Pacific Railroad, which struggled after completing its original main line and was leased by the Atlantic & Pacific Railroad in 1872. The information includes original numbers, serials, and order numbers. Out of the Shadows -- a must see for everyone. It is said adversaries, and even friends, were never quite sure what he was thinking. Lyndhurst, also known as the Jay Gould estate, is a Gothic Revival country house that sits in its own 67-acre (27 ha) park beside the Hudson River in Tarrytown, New York, about a half mile south of the Tappan Zee Bridge on US 9.The house was designated a National Historic Landmark in 1966. At the time of his death in By the time of his death in 1892, he was believed to be worth over $100 million. Jay Gould (born Jason Gould; May 27, 1836–December 2, 1892) was a businessman who came to personify the robber baron in the late 19th century. In 1868, by manipulating the pricing of Erie Railway stock, he became its president, and in 1869, he became manager of the Rensselaer and Saratoga Railroad. philanthropist donating thousands of dollars to AC Tower is visible directly above the locomotives. ... Mark Meckler, the new CEO of Parler, currently supports a Convention that could give George Soros and other interests the power to rewrite the Constitution. Having said that, gaining access His maternal grandfather Alexander T. More was a businessman, and his great-grandfather John More was a Scottish immigrant who founded the town of Moresville, New York. Chicago, Cincinnati, and Indianapolis. All content copyright American-Rails.com (unless otherwise noted). Benjamin Fulford - one of my favorite Sources that I have followed for around 12 years. Over the years it acquired, leased, or built new lines and by 7. rail line in the southern part of the state linking Piermont, New York For about a year this partnership was quite successful until the Panic of 1857 forced the property to shutdown. His name was Jay Gould, and over his career, he made and lost several fortunes. He donated some of his money to the Vanderbilt union navy, he was mainly found to donate his money to materializing the west and saving his friends from financial ruin. Jay Gould, original name Jason Gould, (born May 27, 1836, Roxbury, New York, U.S.—died December 2, 1892, New York, New York), American railroad executive, financier, and speculator, an important railroad developer who was one of the most unscrupulous “robber barons” of 19th-century American capitalism.. Gould was educated in local schools and first worked as a surveyor in New York state. : Thank-you. number of lines while his oldest daughter Hellen is remembered as a He said it himself. nationalfile.com. Fall of the Cabal - must see for everyone. George Jay Gould (May 27, 1836 - December 2, 1892). into Texas. Realizing that Gould held all of the cards with the railroad, Fisk allied with him and together they betrayed Drew forcing him out of power with the Erie. How long will the footprints on the moon last? again through shrewd maneuvering with the help of Fisk. operations successful by merging together smaller lines to serve direct While his partner went bankrupt Gould, always looking for the next opportunity, used the Panic to gain a leg up by purchasing other businesses in receivership. How did Jay Gould treat his competition? Jay Gould was a financier (someone who finances business ventures) during a time when business was largely unregulated by federal law. He tried to solicit foreign investments for the takeover, attempting to bribe Lord Gordon-Gordon of Britain. by bribing the New York state legislature. It is an excellent resource with thousands of historic maps on file throughout the country. In the late 19 th century, there was a businessman who was so unscrupulous and had business practices that were so ruthless that they would be illegal today. However, Gould only defeated Vanderbilt by bribing the New York state legislature, which allowed the stock to be legalized. How many inches tall is a sixteen Oz monster energy can? In 2020, this fortune would be worth an eye-watering $2 billion. It is difficult to truly articulate just how much material can be found at this website. What is the Story genre of all over the world by Vicente Rivera Jr? With this Honor: POSTMASTER-GENERAL OF OUR WORLD &: QUANTUM-BANKING-SYSTEM-SOLITARY-OWNER/CREATOR: Russell-Jay: Gould. What is the summary of the story Bowaon and totoon? A year prior to Gould's gold conspiracy he was elected president of the Erie Railroad, Gould personally appeared at Albany with a satchel containing $500,000 in greenbacks which were rapidly distributed. How much would a warranted 22 k gold dinner plate sell for. The A&P would later come under the control of Gould after it defaulted, and the mogul purchased controlling interest in the company. In 1859 Gould first "entered" the railroad industry when he moved to New York City to become a broker of railroad stocks. This railroad operated between Troy and Ballston Spa, New York serving about a 25-mile system. How does acceptance of responsibility influence effective communication? What statement is shared theme of both excerpt from Messages From My Father and A Motif? From an early age, he made it clear that he wanted nothing to do with farming. When Mackay sailed from New York en route to California in 1851, he had no name, no money, and not a single influential friend on earth. he offered him half of the operation, which he would eventually sell to Robert Gayer photo. If you are researching active or abandoned corridors you might want to check out the United States Geological Survey's (USGS) Historical Topographic Map Explorer. extremely useful later on in life for Gould). excellent skills in mathematics and surveying (which would also become However, both became part of the Rensselaer & Saratoga, which would eventually become part of the Delaware & Hudson Railway in 1871. Assassination Attempts on Donald J. Trump 6. At the time of his death in December, 1892 Gould was said to be worth about $72 million and while he did donate some money to charitable causes most of his fortune would be willed to his children. He earned a reputation as a corrupt businessman. willed to his children. Jay Gould was born in Roxbury, New York on May 27, 1836,to John Burr Gould and Mary More. © Copyright 2007-2021 American-Rails.com. This would be the only time Gould ever bested Vanderbilt. did donate some money to charitable causes most of his fortune would be He realized at a young age, however, that farm work was not to his liking. Jay Gould donated to many causes, including the Presbyterian Church, New York University, the University of the City of New York and Mount Vernon. Alas, in 2013 the site closed by thankfully Don Strack rescued the data and transferred it over to his UtahRails.net site (another fine resource).
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