Jay Gould
American businessman
Jay Gould
Jason "Jay" Gould was a leading American railroad developer and speculator. He has long been vilified as an archetypal robber baron, whose successes made him the ninth richest American in history. Condé Nast Portfolio ranked Gould as the 8th worst American CEO of all time. Some modern historians working from primary sources have discounted various myths about him.
Biography
Jay Gould's personal information overview.
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Photo Albums
Popular photos of Jay Gould
News
News abour Jay Gould from around the web
Exulting in Science’s Mysteries
NYTimes - over 5 years
A selection from the prolific, provocative work of Richard Dawkins . On Atheism We are all atheists about most of the gods that humanity has ever believed in. Some of us just go one god further. “Snake Oil and Holy Water,” in Forbes magazine, 1999 Mystics exult in mystery and want it to stay mysterious. Scientists exult in mystery for a
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Ted Williams’s .406 Average Is More Than a Number
NYTimes - over 5 years
Inside his room at Philadelphia’s Ben Franklin Hotel on Saturday, Sept. 27, 1941, Ted Williams was jumpy and impatient. That might have been an apt description of the mercurial Williams at most times, but on this evening he had good cause for his unease. His batting average stood at .39955 with a season-finale doubleheader to be played the
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NYTimes article
ANTIQUES; ‘American Christmas Cards, 1900-1960,’ at Bard Graduate Center
NYTimes - over 5 years
Scrooge and the Grinch would come across as hopelessly mushy about holiday traditions compared with the debunking exhibition catalog for “American Christmas Cards, 1900-1960,” which opens on Wednesday at the Bard Graduate Center: Decorative Arts, Design History, Material Culture in Manhattan. In cards depicting festive couples caroling,
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NYTimes article
Thoughts From the Interface of Science, Religion, Law and Culture - ScienceBlogs (blog)
Google News - over 5 years
The coup de grace for me was when I read a book in the mid '90s titled "Ever Since Darwin," written by Stephen Jay Gould, who was one of the world's leading paleontologists and evolutionary biologists. Like virtually all pro-evolution authors,
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Ex-Burk star to join MSU - Times Record News
Google News - over 5 years
Former Burkburnett High School star Jay Gould is one of eight players in Midwestern State head coach Nelson Haggerty's first recruiting class. Gould, a transfer from Western Oklahoma, is one of seven transfers among the eight players who signed with
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Neanderthals: a bit of rough - The Guardian
Google News - over 5 years
The late great writer and evolutionary scientist Stephen Jay Gould used to roundly attack this evolutionary "march of progress" bunkum. He devoted a section of "Wonderful Life" to deep criticism of these march of progess illustrations showing apes at
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Evolution in Fact and Theory, Revisited - Discovery Institute
Google News - over 5 years
Around the 30th anniversary of the publication of Stephen Jay Gould's essay with a similar name, Larry Moran has reposted his essay "Evolution Is a Fact and a Theory." His article begins by blithely accepting the confused terminological protocol that
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Facebook and the Decline of Ideas - Mother Jones (blog)
Google News - over 5 years
Neal Gabler writes today that we no longer care much about big, exciting ideas, the kind that we used to hear from Albert Einstein, Reinhold Niebuhr, Daniel Bell, Betty Friedan, Carl Sagan and Stephen Jay Gould. "We are living in an increasingly
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Investing: The Potential “Big Trade” That Will Put George Soros To Shame (GLD ... - ETF Daily News (blog)
Google News - over 5 years
Or how about Jay Gould, who tried to corner the gold market on September 24, 1869. Nobody knows exactly how much Gould made but he left his children $77 million when he died in 1892. Well, if you have the guts, now is the time to make your move,
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An Open Letter to Steven Spielberg - Smithsonian (blog)
Google News - over 5 years
Yeah, Stephen Jay Gould was right that the plotline was dumbed down to the classic “mess with Nature (or 'God's domain', or whatever you like) at your own peril” trope, but my 10-year-old self didn't care. Jurassic Park was the closest I had ever come
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CITY ROOM; On the Market, a Building That Sleeps Eight. Forever.
NYTimes - over 5 years
For sale: 101-year-old Greek Revival building in landmark area. Top-quality granite exterior, marble interior, high ceiling, custom-made window by famous artist. Immediate occupancy: vacant since the 1950s. Sleeps eight. Asking $750,000. Standing on the threshold, Susan Olsen explained that the price did not include putting the buyer's name above
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Robber Barons at Work
NYTimes - over 5 years
RAILROADED The Transcontinentals and the Making of Modern America By Richard White Illustrated. 660 pp. W. W. Norton & Company. $35. ''Type of the modern! emblem of motion and power! pulse of the continent!'' Walt Whitman sang in praise of the railroad. When he published those lines in 1876, the vast network that connected West to East was being
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Word of the Day | buccaneer - New York Times (blog)
Google News - over 5 years
Fisk was the infamous Wall Street buccaneer, a partner of Jay Gould in his battle with Cornelius Vanderbilt for the Erie Railroad and a pal of William M. Tweed, the Tammany boss who, the author writes, “has been testing the limits of the city's
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Meeting Of The Minds - Jamestown Post Journal
Google News - over 5 years
"I am glad to have a personal meeting at my office with Assemblyman Goodell, County Executive Greg Edwards, Chairman Fred Croscut, Finance Director Darin Schulz and legislators Jay Gould, Chuck Nazzaro and John Runkle to discuss any questions they may
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Timeline
Learn about memorable moments in the evolution of Jay Gould
    FIFTIES
  • 1892
    Age 55
    Gould died of tuberculosis on December 2, 1892, and was interred in the Woodlawn Cemetery, The Bronx, New York.
    More Details Hide Details His fortune was conservatively estimated at $72 million for tax purposes, which he willed in its entirety to his family. At the time of his death, Gould was a benefactor in the reconstruction of the Reformed Church of Roxbury, New York, now known as the Jay Gould Memorial Reformed Church. It is located within the Main Street Historic District and listed on the National Register of Historic Places in 1988. The family mausoleum was designed by Francis O'Hara.
  • 1889
    Age 52
    In 1889, Gould organized the Terminal Railroad Association of St. Louis, which acquired a bottleneck in east-west railroad traffic at St. Louis; after Gould's death the government brought an antitrust suit to eliminate the bottleneck control.
    More Details Hide Details Gould was a member of West Presbyterian Church at 31 West 42nd Street. It later merged with Park Presbyterian to form West-Park Presbyterian.
  • FORTIES
  • 1883
    Age 46
    When Gould withdrew from management of the Union Pacific in 1883 amidst political controversy over its debts to the federal government, he realized a large profit for himself.
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  • 1881
    Age 44
    He obtained a controlling interest in the Western Union telegraph company, and, after 1881, in the elevated railways in New York City.
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  • 1879
    Age 42
    By 1879, Gould gained control of three more important western railroads, including the Missouri Pacific Railroad.He controlled 10,000 miles (16,000 km) of railway, about one-ninth of the length of rail in the United States at that time, and, by 1882, he had controlling interest in 15 percent of the country's trackage.
    More Details Hide Details Because the railroads were making profits and had control of rate setting, his wealth increased dramatically.
  • THIRTIES
  • 1873
    Age 36
    After being forced out of the Erie Railroad, Gould started to build up a system of railroads in the Midwest and West. He took control of the Union Pacific in 1873 when its stock was depressed by the Panic of 1873 and built a viable railroad that depended on shipments by local farmers and ranchers.
    More Details Hide Details Gould immersed himself in every operational and financial detail of the UP system. He built an encyclopedic knowledge, then acted decisively to shape its destiny. "He revised its financial structure, waged its competitive struggles, captained its political battles, revamped its administration, formulated its rate policies, and promoted the development of resources along its lines." After Gould's death, the Union Pacific slipped and declared bankruptcy during the Panic of 1893.
    Gould sued Gordon-Gordon; the case went to trial in March 1873.
    More Details Hide Details In court, Gordon-Gordon gave the names of the Europeans whom he claimed to represent, and was granted bail while the references were checked. He fled to Canada, where he convinced authorities that the charges against him were false. After failing to convince or force Canadian authorities to hand over Gordon-Gordon, Gould and his associates, which included two future governors of Minnesota and three future members of Congress (Loren Fletcher, John Gilfillan, and Eugene McLanahan Wilson) attempted to kidnap him. The group snatched him successfully, but they were stopped and arrested by the North-West Mounted Police before they could return to the United States. The kidnappers were put in prison and refused bail. This led to an international incident between the United States and Canada. Upon learning that the kidnappers were not given bail, Governor Horace Austin of Minnesota demanded their return; he put the local militia on a state of full readiness. Thousands of Minnesotans volunteered for a full military invasion of Canada. After negotiations, the Canadian authorities released the kidnappers on bail. The incident resulted in Gould losing any possibility of taking control of Erie Railroad.
    In 1873 Gould attempted to take control of the Erie Railroad by recruiting foreign investments from Lord Gordon-Gordon, whom he believed was a cousin of the wealthy Campbells looking to buy land for immigrants.
    More Details Hide Details He bribed Gordon-Gordon with $1 million in stock. But Gordon-Gordon was an impostor and cashed the stock immediately.
  • 1869
    Age 32
    In August 1869, Gould and Fisk began to buy gold in an attempt to corner the market, hoping that the increase in the price of gold would increase the price of wheat such that western farmers would sell, causing a great amount of shipping of bread stuffs eastward, increasing freight business for the Erie railroad.
    More Details Hide Details During this time, Gould used contacts with President Ulysses S. Grant's brother-in-law, Abel Corbin, to try to influence the president and his Secretary General Horace Porter. These speculations in gold culminated in the panic of Black Friday, on September 24, 1869, when the premium over face value on a gold Double Eagle fell from 62 percent to 35 percent. Gould made a small profit from this operation, but lost it to subsequent lawsuits. The gold corner established Gould's reputation in the press as an all-powerful figure who could drive the market up and down at will.
    Tweed and Gould became the subjects of political cartoons by Thomas Nast in 1869.
    More Details Hide Details In October 1871, when Tweed was held on $1 million bail, Gould was the chief bondsman.
  • 1868
    Age 31
    Jay Gould, Drew and James Fisk engaged in stock manipulations known as the Erie War, with the result that in the summer of 1868 Drew, Fisk, and Vanderbilt lost control of the Erie, while Gould became its president.
    More Details Hide Details It was during the same period that Gould and Fisk became involved with Tammany Hall, the New York City political ring. They made Boss Tweed a director of the Erie Railroad, and Tweed, in return, arranged favorable legislation for them.
  • TWENTIES
  • 1863
    Age 26
    Jason Gould married Helen Day Miller (1838–1889) in 1863 and had six children:
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    He married Helen Day Miller (1838–1889) in 1863; the couple had six children:
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    In 1863 he was appointed manager of the Rensselaer and Saratoga Railroad.
    More Details Hide Details The Erie Railroad encountered financial troubles in the 1850s, despite receiving loans from financiers Cornelius Vanderbilt and Daniel Drew. The Erie entered receivership in 1859 and was reorganized as the Erie Railway.
  • 1857
    Age 20
    Gould's father-in-law Daniel S. Miller was credited with introducing the younger man to the railroad industry, when he suggested that Gould help him save his investment in the Rutland and Washington Railroad in the Panic of 1857.
    More Details Hide Details Gould purchased stock for 10 cents on the dollar, which left him in control of the company. Through the Civil War era, he did more speculation on railroad stocks in New York City.
    Leupp and Gould was a successful partnership until the Panic of 1857.
    More Details Hide Details Leupp lost all his money, while Gould took advantage of the opportunity of the depreciation of property value and bought up former partnership properties for himself. After the death of Charles Leupp, the Gouldsboro Tannery became a disputed property. Leupp's brother-in-law, David W. Lee, who was also a partner in Leupp and Gould, took armed control of the tannery. He believed that Gould had cheated the Leupp and Lee families in the collapse of the business. Eventually, Gould took physical possession, but was later forced to sell his shares in the company to Lee's brother. In 1859 Gould began speculative investing by buying stock in small railways.
  • TEENAGE
  • 1856
    Age 19
    In 1856, Gould entered another partnership with Charles Mortimer Leupp, a son-in-law of Gideon Lee, and one of the leading leather merchants in the United States at the time.
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    In 1856, Gould entered a partnership with Zadock Pratt to create a tanning business in Pennsylvania in what would become Gouldsboro.
    More Details Hide Details Eventually, he bought out Pratt, who retired.
    In 1856 he published History of Delaware County, and Border Wars of New York, which he had spent several years writing.
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  • 1854
    Age 17
    In 1854, Gould surveyed and created maps of the Ulster County, New York area.
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    His principal was credited as getting him a job working as a bookkeeper for a blacksmith. A year later the blacksmith offered him half interest in the blacksmith shop, which he sold to his father during the early part of 1854.
    More Details Hide Details Gould devoted himself to private study, emphasizing surveying and mathematics.
  • CHILDHOOD
  • 1836
    Born
    Born on May 27, 1836.
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Original Authors of this text are noted here.
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