Democratic Sentinel, Volume 11, Number 19, Rensselaer, Jasper County, 10 June 1887 — GOULD TOLD TOO MUCH. [ARTICLE]

GOULD TOLD TOO MUCH.

The Generally Silent Jay ijt Trouble for Breaking His Rule. Jay Gould and Russell Sage have the prospect of a suit for millions brought against them. The recen t examinations into the Pacific railroad b the United States Pacific. Railway Commision give a good deal of light to interested bondholders in Kansas Pacific stock. Prior to 1879 this road was burdened with a great variety of bonds, first mortgage bonds, land bonds, and what not. To get things smoothed out a consolidated mortgage wasjagreed on, with Jay Gould and Russell Sage as trustees. In 1879 the eonsolida ion of the Kansas and Union Pacific was projected. By a little scheme worthy of their great minds, Gould, Sage and Dillon arranged that action should brought to release 30,000 sharep of Denver Pacific from the mortgage. The face value of the stock was SIOO a share. The action, court busi e .‘S, referee and decision were all rushed through in a week. Then the roads consolidated and Denver Pacific rapidly rose to par. Now the s ockholders howl against the trio for the loss they have sustained. Frankfort and Amsterdam, where much of the stock was floated under tha consolidated mortgage, aro most interested. Their attorney is Mr. William H. DeLanoey—New York Star.