The Syracuse Journal, Volume 3, Number 49, Syracuse, Kosciusko County, 6 April 1911 — Page 2

GEO. GOULD RETIRES

Forced to Recapitulate After Struggle of Twenty Years. •Ince Death of Jay Gould In 1892 Control of His Many Valuable Properties Gradually Wrested From Family—Story of War. New York. —An important chapter tn the railroad and financial history of the country came to a close at the recent annual meeting of the shareholders of the Missouri Pacific railroad held at St. Louis, when George j J. Gould presented his resignation as | president of that road, and new men were elected to succeed the representatives of the Gould interests on the board of directors. Thus will end a twenty years’ war, which has been waged relentlessly by the financial giants of Wall street for control of the Gould properties; thus will George Gould’s dream of controlling a coast-to-coast railroad be rudely dispelled. Since the death of old Jay Gould in 1892, the control of his many valuable properties has gradually been wrested from the family. First the Manhattan Elevated line was gobbled up by the Interborough; then the Western Union Telegraph Co. was absorbed by the A. T. & T. Co.; and now the Missouri Pacific, the holding company for the Gould railroad properties and considered one of the most valuable of all the Gould holdings, will pass into other hands. But these changes were not effected without struggle, the history of which makes interesting reading. At every turn George Gould has met his enemies with a born of desperation, but the odds were too great and he has at last been forced to recapitulate. This does not mean, however, that '.he Gould fortune has dwindled in size; on the contrary it has greatly

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Increased. It simply marks the disappearance of the Gould fortune as a power In the financial world. The story of this war had its beginning in the early eighties, when . old Jay Gould was the most power- , ful, as well as the most feared man 4n Wall Street. His.particular hobby was the securing of control of various railroad properties, which he would proceed to wreck and then dispose of. He had great faith in the possibilities of the West and Southwest, and many a Wall street financier looked on his properties in that section with a covetous eye. But they knew better than to attempt to monkey with the "wizard of American finance.” When the old gentleman died in 1892, however, the long-delayed fight for the valuable Gould property immediately began. His will divided his vast fortune among his children, but provided that all his stock holdings should be voted at the various meetings as a unit, and gave George J. Gould, his eldest son, the power to control such votes. At this time George Gould was only 26 years of age, but ten years under his father’s careful tuition had developed his business and fighting ability to a great extent. He had inherited a craze for acquiring railroad properties and his great ambition was to gain control of a road which would stretch frem the Atlantic to the Pacific. The most valuable piece of railroad property in the Gould estate was the Missouri Pacific, which stretches from Kansas City to Denver, and by securing control pf the Denver & Rio Grande, George Gould extended his line into Salt Lake City. In the meantime, in order to carry out his plans in the West and Southwest, Gould was forced to sacrifice his holdings In the Manhattan Elevated Co., which was purchased, by the Interborough in 1902. By this time George Gould had converted the Missouri Pacific Into a valuable property. A control of the majority of the stock of the Wabash carried It as far east as Buffalo, and the purchase of the Denver & Rio Grande brought It west to Ogden, Utah. It was now time to procure a terminus at the Atlantic seaboard. His first step was to gain an entrance into Pittsburg, which he did by securing control of the Wheeling A Lake Erie He then began work on his Wabash-Pittsburg Terminal.

* ——— The next step was to secure control of the Western Maryland, which ran from Baltimore inland, and the West Virginia and Central Pitsburg, which ran east from the Smoky City. Between these two roads there was a slight gap, which Mr. Gould proposed to bridge by building a new road. With this exception the only link necessary to complete the chain of roads from coast to coast was that from Salt Lake City to the coast, and to complete this Mr. Gould started to build the Western Pacific. But his troubles had already begun. The other railroad interests, recognizing the value of the Gould i properties and the serious competition they would offer, had already begun a war to oust George Gould as the head of the system. As early as 1902 the young financier had a severe struggle with E. H. Harriman and Edmund. Hawley for the control of the Colorado Fuel and Iron company, but succeeded in worsting his opponents. The Pennsylvania bitterly opposed his entrance into Pittsburg, and so bitter did this fight become that after the erection of the Wabash Pittsburg Terminal, the Pennsylvania ordered the Western Union Telegraph Co., which the Goulds control, to take down their lines east of Pittsburg alone the route of that road. In 1905 Mr. Gould had a serious disagreement "with Joseph W. Ramsay Jr., his right-hand man, and president of the Wabash, which culminated in Ramsay’s discharge. At the annual meeting of the stockholders of the road several weeks later, Ramsay made a hard fight to oust Gould, but was defeated. By his decision to build the Western Pacific he again incurred the displeasure of Harf-iman, who believed that it would injure the interests of the Southern i Pacific. About this time, considerable legislation to the railroads was enacted in several of the western states, and on account of his lack of

railroad training Gould was hot equal to the situation. The stocks of his various companies were boycotted in Wall street on account of the methods which had characterized that end of his business. Gould was now hard pressed for money. His WabashPittsburg terminal had been overcapitalized, and ruin seemed inevitable. The crash came with the panic of 1907, which destroyed forever his transcontinental dream. Four of his roads, the Western Maryland, Wa-bash-Pittsburg Terminal, the Wheeling and Lake Erie and the International and Great Northern, which ran into Texas, went Into the hands of receivers within a period of one year. He did not give up, however, but on the contrary began a new scheme to recuperate bis properties. His first step was to patch up his differences with Harriman, which was accomplished by the arrangements of the Western Pacific to be operated on amicable relations with the Southern Pacific. Another plan adopted for raising funds was to cut off the dividends from the Missouri-Pacific and turn back all earnings into the company. Gould himself was not adverse to sacrifices and did not accept one cent salary from his work as president of the road. About this time It was discovered that Kuhn, Loeb & Co., who were agents for the Harriman road, had underwritten some $30,000,000 of the Missouri Pacific bonds. It was in 1909 that another of the Gould properties passed out of the control of that family. This was occasioned when the American Telegraph & Telephone Co. took over the Western Union. An inkling as to the railroad situation was given during last summer when the Pearson Farquhar Syndicate, which had been organized for the purpose of gaining control of the transcontinental road, went to smash. Among the many securities which they held were large blocks of Missouri Pacific and Wabash. These securities were taken off their hands by Kuhn, Loeb & Co. With such a large Interest in the Gould roads it became very evident that this banking house ould desire a voice in the control of the affairs of bo valuable a property as the Missouri Pacific. George Gould’s methods of railroad management had been discredited for many

years and when the demand was made a few weeks ago for the list of stockholders it became known at once that the fight to oust George Gould was on. Gould, however, realized the weakness of his position and agreed to present his resignation at the annual meeting of the stockholders. TOWN rs SOLD BY AUCTION Baltic Watering Place of Heiligendamm is Offered for Sale to the Highest Bidder. Berlin.—The unwonted spectacle of a whole town being offered for sale at auction was witnessed recently.at Doberan, where the •Baltic watering place of Heiligendamm was put up for sale to the highest bidder. The entire town was purchased in May, 1909, by John Marlitt, who founded a business to exploit it as a popular health resort. He paid $325,000 and invested another $250,000 in improvements calculated to render the place attractive to visitors. The capital, , however, was insufficient, and Mr. Marlitt was declared bankrupt at the end of last year. The sale by auction took place by order of the official receiver. The first bld of $220,000 was made by Herr Vobes, a lawyer, on behalf of Herr Kahlden. The Lubeck bank bld $250,000, Herr Kahlden $275,000 and Herr Gluhensteln of Hamburg $300,000. Herr Kahlden then bid $312,000, whereupon Herr Gluhensteln made the highest bld—namely, $375,000. As this amount was below the margin fixed by the official receiver another auction sale will have to be held. COUPLE ON FARM HONEYMOON Mr. and Mrs. Schauland of Holyoke, Minn., Decide to Take Agricultural Course. St. Paul, Minn. —The “back to the farm” slogan was emphasized here recently when Mr. and Mrs. Albert Schauland of Holyoke, Minn., decided to spend their honeymoon at the state I agricultural college learning the

things farmers need to know Instead of taking a trip. Mr. and Mrs. Schauland will be i known at the college as number 103 and 104 and will devote six weeks to , the short course In up-to-date farming. The husband will make a specialty of the farm machinery course and the wife will endeavor to get all she can out of the domestic science and economical farm work department for women. After completing their unique six weeks’ honeymoon the couple intend to purchase a small dairy farm and retire to the country, where everything'* Is milk and honey. Both have lived In the city for years, but accumulated a rudimentary education in farming methods while children. <9 HOGS ARE GETTING THINNER Average of Swine at Killing Time Decreasing, Say United States Agricultural Authorities. Washington.—Hogs apparently are following the fashion of the day and have joined the anti-fat movement, which paved the way for the hobble skirt. Statistics to the department of agriculture indicate that they are getting thinner every year and that the razorback yet may be the porcine mode. The figures show that hogs marketed between thirty and forty years ago averaged one-fourth heavier than those marketed in recent years. In the decade 1870-79 the average weight >of hogs killed during the winter month»?"ln western packing centers was about 275 pounds; In the decade. 1880-89 about 257 pounds; in the decade 1890-99 about 239 pounds, and In the last decade, 1900-09, about 219 pounds. No theories are advanced by the department of agriculture as to the cause of this decrease in the weight of porkers. Poor Get Royal Dairy Milk. London. —Every morning at the church rooms, Windsor, 80 quarts 6f milk from the royal dairy at Frogmtre are ,by kindness of the king, distributed among the poor people of/the town. Parents with large families/iave a quart allowed them while gthen * with smaller families have a Fnt.

I HOME ||||O MI DEPARTMENT M/j

QUESTION OF JACKETS SERIOUS PROBLEM WOMEN ARE NOW CONFRONTED WITH. Japanese Style of Garment Is Inexpensive and Well Suited to Everyday Use—Eton Jacket of Fur Is Newest. o The problem of keeping warm with these cold days comes up for settlement to every woman. The fur coat does not solve it, for it Is entirely too heavy for walking. It is very good for evening, for trolleys and for motor i cars, but it wears out the strength of any woman when it is used as a steady every-day garment. The fur scarf, broad and long as it is, does not keep the body sufficiently warm for the open even over a cloth coat. It is not the custom to wear warm waists now; a woman has to be dressed cool enough for our overheated houses, and she must depend on her outer wfaps. to protect her from out-door cold. Many things have been tried for warmth outside of the fur coat. Os course the Eton jacket of fur is the newest garment. It has little weight and then Eton jackets are coming back into fashion. Yet every woman cannot afford two coats of fur, a long and short one, and the choice goes to the long one as It gives the greater service. And many women cannot as- , ford either coat, so they have to Invent, or accept, other methods of keeping comfortable in snow and ice. The Shetland wool vest is used by many under the coat. This has the advantage of being exceedingly light in weight and washes easily, but it has the disadvantage of being too snug, It crushes the blouse and its long, tight sleeves are not easy to slip over the loose kimono sleeve of the present waist. The waistcoat has no sleeves, and this Is an objection to those who feel the cold acutely in their arms and hands. The new thing which is less ex-

NOVELTY IN CLOTH COSTUME New and Origirtit Ideas Evolved in Garment Suitable for Many Materials. There are any number of costume cloths that can be used for successfully making up this design; for country wear, a soft, moderately fine tweed is always nice; this material in rather light heather mixture is used. The skirt has deep inverted pleats at lower part, these are crossed at the I -v/j WO Ww w y■■ \ 1 h'\ iii t \ w \ top by short straps of silk pointed at J each end. The coat is quite novel; it consists ! of a bodice slightly full at the waist ! in front, where it is gathered into a band, the plain basque being attached to the opposite edge; the collar, cuffs and waist-band are faced with silk. Large hat of fine straw, simply trimmed with soft silk. Materials required: 5 yards 46 inches wide, 3% yards skirt lining, 5 yards silk for lining coat, % yard silk for trimming. Laundry Bag Help. A sailor's bag of white canvas makes an excellent lauhdry bag for a boy's room. Besides being strong and washable, it will prove attractive to the boy and an inducement to keep his room shipshape.

pensive than any of the others Is the Japanese sack. This, in a square cut and light colors, has been taken up for two or three years for evening wear, but the ones that are now used every day under dark suits are fashioned like an Eton packet, buttoned high at the neck and are made of Japanese silk in colors that prevail in coat suits. Black, brown, blue and violet are among the shades that one can most easily get, and the white onee can be dyed at a small expense by any one at home. These are not so expensive that they cannot be Indulged in by the girl of moderate means who needs to be especially warm in the early morning hours when she Is probably standing on a cold corner waiting for a trolley or going to her office or schoolroom. Girls who suffer especially from the in going out in the evening and ,e long top coat is not warm tuough to protect them, when coming out of a heated room into the icy air. find that the longer sack is an excellent means of keeping snug and comfortable. WHEELED TRAY SET. The wheeled tray set shown in this illustration Is designed to save work and trouble in homes of moderate means. The trays, which are removable. are supported by a steel frame carriage, with three eight-inch rubbertired wheels.—Popular Mechanics.

NEW STYLES IN LINGERIE Underwear Has Taken on More De cided Attractions Than Usual This Season. In the struggle for life this season—for at some time the lingerie has been reduced to a minimum—underwent has taken on more attractions than usual. The well fitted models, the exquisite embroidery and the fine materials of which lingerie is now made are convincing to the woman who Is searching for bargains. The brides especially have the new lingerie attractions. The fine muslins without stiffening are as varied as the morning hours are from the even- i ing. They should be kept so, too, which point is worth remembering. They are most durable when lace is absent. In other words, if you are planning a sensible outfit to last more than one year, use embroidery. Even the finest swiss and batiste embroidery outlasts lace. It can be used a second time in many cases. Flounces should not be too full for the spring and summer. The straight skirt is slightly fuller, but does not flare. Its straight lines must not be interfered with by any underflounce. Corset covers of allover embroidery or wide flouncing are very sensible for the dressy kind. They should be cut with little fullnes at the waist, for the same reason that bulk has been eliminated from the petticoat. fitted corset cover with the circular peplum is the most satisfactory. Nightgowns made on empire lines are probably moving toward first place. The short upper portion is | gathered into a straight band of embroidery or beading. Flowing of puffed sleeves are quite short As usual, the hand made lingerie has a value not to be gainsaid. The French importations will always be i favored by the woman with money to indulge her longings. The extremely plain lingerie with tape drawing strings and a plain scalloped edge is the kind that should ap- j peal to practical minds. They combine daintiness with excellent wearing qualities, and they are inexpensive. Demand a good fitting model and a high quality of material and your lingerie will always be in good style. 1 -e Two Odd Jabots. One was, strictly speaking, a Ge; it was of black velvet, with little flowers done in ribbon-work In a queer, pinkish old gold. The center of each blossom was held down by a tiny gilt bead; and the maker said it took her just half an hour to fashion! No. 2 was really a jabot; silk embroidered mull, all white, with the alternate figures worked over in the very palest colors —blue an£ pink and "green and violet and yellow« all very faint and subdued. The effect was charming, and was i heightened by a lace ruffle dyed in Iridescent hues, but, like the jabot itself, very quiet and inconspicuous.

p - ft Yum ■ Icma CRSTORIR For Infants and Children. IKUHHSHm Kind You Have t Always Bought AMrfdable Preparation for As- g jjy similating theFoodandßegula- Eh A m \ M tinglheSlomachs and Bowels of I JJvdl w VLLU Signature / XjJ Promotes Dipstion,Cheerful- If jp h nessandßest.Containsneither /ft AIF ! Opium. Morphine nor Mineral Sl\ Not Narcotic ' I • -ft Jfv In lit • J 11 B gjQ /Ztkvn * W A perfect Remedy for Constipa- J IT, Hq R m lion. Sour Stomach,Diarrhoea, | ■ Ur Worms .Convulsions .Feverish- I llr ■ ■■ ft ness and LOSS OF SLEEP LQI* IjVg|R Yac Simile Signature of y Thirty Ypatq cjj The Centaur Company;. I Illi IV lUUI W K NEW YORK. * t*“®™CASTORIA Bxact Copy of Wrapper. vww.aav.ua ••••«■▼. a<wvoaaa<rv.

DIPLOMATIC, nw /l nA- / The Man—l think you are the Worst-looking tramp I have ever seen. The Tramp—lt’s only in the presence of such uncommon good looks that I looks so bad. DISFIGURED WITH ECZEMA “Our little boy Gilbert was troubled with eczema when but a few weeks old. His little face was covered with sores even to back of his ears. The poor little fellow suffered very much. The sores began as pimples, his little face was disfigured very much. We hardly knew what he looked* like. The face looked like raw meat. We tied little bags of cloth over his hands to prevent him from scratching. He was very restless at night, his little face itched. “We consulted two doctors at Chicago, where we resided at that time. After trying all the medicine of the two doctors without any result, we read of the Cutlcura Remedies, and at once bought the Cutlcura Soap and Ointment. Following the directions carefully and promptly we saw the result, and after four weeks the dear child’s face was as fine and clean as any little baby’s face. Every one who saw Gilbert after using the Cutlcura Remedies was surprised. He has a head of hair which is a pride for any boy of his age, three years. We can only recommend the Cuticura Remedies to everybody.” (Signed) Mrs. H. Albrecht, Box 883, West Point, Neb., Oct. 26, 1910. Send to Potter Drug & Chem. Corp., sole props., Boston, Mass., for free 32page book, a guide to skin and hair health. Up to Him. Tom —I’m dead sore. I lost $5 today. I feel like somebody ought to kick me. Tess (absently)—Why don’t you ask father for my hand tonight—he’s right In the library. Whenever there is a tendency to constipation, sick-headache or biliousness, take a cup of Garfield Tea. All druggists. Yesterday is certain; tomorrow, uncertain; today, half and half.

I . Woman s Woman’s most glorious endowment is the power to awaken and hold the pure and hpnest love of a uKgf eSEgHIB worthy man. When she loses it and still loves on, no one in the wide world can know the heart agony Bf she endures. The woman who suffers from weakaiess and derangement of her special womanly organism soon loses the power to sway the heart of a man. Her general health suffers and she loses her good looks, her attractiveness, her amiability and her power and prestige as a woman. Dr. R. V. Pierce, of Buffalo, N. Y.» with the assistance of his staff of able physicians, has prescribed for and cured many thousands of women. He has devised a successful remedy for woman’s ailments. It is known as Dr. Pierce’s Favorite Prescription. It is a positive specific for the weaknesses and disorders peculiar to women. It purifies, regulates, strengthens and heals. Medicine dealers sell its No honest dealer wiU_ advise you tn accept a substitute in order to make a little larger profit. XT MAKES WEAK WOMEN STRONG. SICK WOMEN WELL. An Mrvn*a P/wuant JWMs ngulata aad atnagOMa gtamtifi, Ow and WBwwta

Quite So. “Was your brother hurt at pole vaulting last night?” “Yes, but he hopes to get over It all right” For a disordered liver, take Garfield Tea, the Herb laxative. All druggists. A woman who speaks but one language usually talks enough for two. PROOF in the Morning! We tell you about how good you’ll feel after taking a CASCARET — that millions of people—buy, use and recommend them —But that’s talk —you buy a box now —take as directed to-night and get the proof in the morning—After you know CASCARETS you’ll never be without them. CASCARETS 10c a box for a week’s k treatment, all druggists. Biggest seller in the world. Million boxes a month. Splendid Crops In Saskatchewan (Western Canada Sis from 20 acres -at was the thresher’s return from a Lloydminster farm in the season of 1910. Many fields in that as well as other districts yielded from 25 to 35 bushels of wheat to the LARGE PROFITS are thus derived from the FREE ISTEAD LANDS ern Canada. cellent showing causes advance. Land values able in two years’ time, trowing,mixed farmtie raising and dairyaU profitable. Free eads of 160 acres are ad in the very best ; 160 acre pre-emp--53.00 per acre within areas. Schoolsand s in every settlerllmate unexcelled, richest; wood, water tiding material 1. titulars as to location, ers’ railway rates and re Illustrated pamphlet, st West,” and other ini, write to Bup*t of ImmlOttawa, Canada, or to Canadian Government Agent. W H. Rojtrs, 3rd tlwr Tratfton Terminal Bldj., lodteutnlis, Indiana, or Canadian Ginrernmeot A 1 Filner Building. Toledo, Ohio. (Use address ■•w York, lo* York, BlrerSolo Are., ooarSSMSt., Wool A Country School for Girls IW NEW YORK CITY. Best features of country and city life. Out-of-door sports on •obool park of 85 acres near the Hudson River.

FARMS St! EVERYWHERE. NOCOMMISSIONS OHIO REALTY SERVICE, LIMA, 0.