" ' - ■■■ "
THE NENANA DAILY NEWS
Application made April 1, 1918, at the postoffice at Nenana, Alaska,
for entry as second £lass mail matter, under the Act of March 3, 1879.
Hub of Alaska —_Where Rails and Rivers Meet
Published Tuesday, Thursday and Saturday by the Nenana Printing
Company, at First and B Streets. Nenana. Alaska.
R. G. South worth ___Editor and Manager
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The Associated Press is exclusively entitled to the use fer re-publi
eatioi: of a’l news dispatches credited to it or not otherwise credited in
this paper and also all the local news published herein.
GEORGE J. GOULD
George Jay Gould, financier and
railroad man whose death is an
nounced in today’s telegraphic dis
patches succeeded to the leadership
of the famous Gould family upon
the death of his father. Jay Gould.
December 2. 1892.
In addition to assuming respon
sibility. as trustee and executor,
for the $80,000,000 estate left by
his father, he carried on and ex
panded the great railroad holdings
of his father, and within a few
years during which, he applied the
lessons learned from the elder
Gould, he became one of America’s
foremost railroad financiers. The
6,000 miles of road left by Jay
Gould grew into more than 20.000
miles under the management of his
son, while the many investments in
other huge enterprises, including
the Western Union Telegraph Co.,
also were largely managed by the
principal heir.
George Jay Gould was born in
New York City February 6. 1864,
the sixth in line of de-scant from
Major Nathan Gould, or Gold, the
original ancestor, who came from
the south of England in 1646 and
settled in Fairfield. Conn. While
many of Nathan Gould’s descend
ants attained eminence in colonial
affairs and through service in the
Revolutionary’ War, it remained for i
Jay Gould to become the first fin- J
ancier.
The Gould family fortune dates ;
from 1860, when Jay Gould a par:- i
rer in his father’s hardware store i
in Delaware county New York j 1
bought for ten cents on the dollar i
a controlling interest in the Rutland t
and Washington railroad, a little f
bankrupt line running between Troy i
New York, and Rutland, Vt. Young t
Gould, in addition to selling hard- i
ware, had, studied surreying in his s
spare time, and took an interest in I
railroad building as a result of v
these studies. a
Two years after purchasing the e
road. Jay Gould had succeeded in a
extricating it from financial diffi- l
culties, whereupon he sold at 120
the interest originally acquired at b
ten. This was the first feat of that ft
generalship which, over and over in fa
later life made him the foremost J
railroad developer of his time.
George Jay Gould, even when
quite young, showed an inclination
to follow in the footsteps of his
father. He received a thorough edu
!
cation from private instructors, and
subsequently entered Columbia Uni
versity. but was not graduated.
After a tour of Europe, he be
came a clerk in the Western Union j
office, where he developed such an
aptitude for detail that he soon be- j
came the assistant of his father, i
George Gould was at his desk ten
hours a day, and often remained
long into the night, learning the;
business which, when he became its j
vice-president a few years later, op
erated more than a million miles of
telegraph wire.
This apprenticeship prepared him
for the responsibility devolving up
on him when Jay Gould died. Soon
after he obtained full charge of his
father’s interests, he called J. Pier
pont Morgan in regard to the pur
chase of the New York and North
ern railway by the Manhattan El
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evated road. Something was said
which angered Mr. Gould, and he
vowed never to enter the Morgan of
fices again.
Fearing, however, that he had
made a powerful enemy he deter
mined to neutralize its effect by an
alliance with the financial interests
of the world. He called upon John
D. Rockfeller. outlined his plans,
and asked the oil magnate’s advice.
There was something in young
Gould’s manner that won the friend,
ship of Mr. Rockfeller. and a plan
for harmoniuos operation of the
Rockfeller and Gould railroad inter
ests was arranged.
Next. Mr. Gould seized upon a
circumstance which brought him
close to Andrew Carnegie, who was
engaged in a controversy with the
Pennsylvania railroad at the time '
Hie Ironmaster offered Gould a lib
era! contract in exchange for "bring
ing the W abash road into Pitts- :
ourgh on its way to the Atlantic
coast, and throuTh these conces
sions the railroad builder secured1
mother powerful friend.
For two decades after the death j
if his father. George Gould contin- i
led to manage the vast properties
md many financiers and railroad'
nen have declared that he frequent
v surpassed his famous mentor :n j
us capacT/ t.> weave nr. indefin-1
te jumble of railroads into a de-;
inite system.
He was a director of the Denver i
,r.d Rio Grande Railway Company,
he Rio Grande Southern Railroad,
he Utah Fuel Company and of the ;
lanhattan Railway Company. Dur-1
ng his career he had been presi
ent of the Little Rock and Fort
'truth Railway; president and chair-;
tan of the board of directors of i
he Missouri Pacific Railway; pres
ient of the Texas and Pacific Rail
ray; president of the St. Louis,
ron Mountain and Southern Rail
*av; president of the International
nd Great Northern Railway; dir
ctor of the Wabash International ;
nd vice president of the Western
nion Telegraph Company.
Dissatisfaction among other of the !
eirs of Jay Gould over George’s 1
andling of the estate, however, had i 1
een growing for some time, and in | <
uly, 1919, he was removed as exe- <
utor and trustee by a court order i
lr. Gould's first marriage was in i
ft86 to Edith Kingdon, who dropped 1
ead while playing golf on the s
ould estate at Lakewood, N. J., 1
i November, 1921. From this union j
lere were five children. <
In May, 1922, Mr. Gould married i
sanne Sinclair, a former actress, (
0 years his junior. The second i
larriage was regarded as almost as ! 3
luch of an elopement as the mar- j <
ages of three of his children, Edith ; s
eorge Jr., and Kindon. The first 1
ews of it came from Paris, where U
le couple were spending their; 1
oneymoon, but it later Transpired J
lat the ceremony was performed 1
1 Lakewood. As a consequence of j
lis second marriage, Mr. Gould i
ist property valued at $3,000,000 c
ft by his -wife, which reverted to (
trust fund for her children. t
While Mr. Gould apparently en-i 1
>yed good health during the years c
s spent as a railroad builder, it de- i
sloped during a lawsuit in 1923 1
tat he suffered a breakdown, and' s
was spending most of his time in
Europe recuperating from bronchial
trouble.
In the spring of 1923 he be
came seriously ill while in Egypt,
and was hurried back to his villa
in southern France suffering from
pneumonia. For several weeks his
life was despaired'of by the fore
most physicians of Europe.
Mr. Gould’s home in Lakewood,
i N'. J., has been described as one of
the most magnificient country plac-j
es in America. It was modelled af- j
ter the old English estates, and had
its gate-keeper, its lodge, its mas
ter of the hounds and its master!
of the hunt.
The financier had been a lover
of outdoor sports from boyhood, and
continued to ride, hunt and play
golf as long as his health would!
permit. He was a member of the j
New York Yacht Club, the Atlantic
Yacht Club, the Royal Southampton
and Royal Thames Y’acht Clubs, as j
well as the New Y'ork Athletic Club j
and other national and international!
organizations.
PER ASPERA AD ASTRA
According to reports recently fil
ed with the Interstate Commerce
Commission there are nine railroad "
executives in the United States who ! o
receive compensation at the rate of t!
$75,000 or more per year. The re- h
ports show that all these men have ;
attained their present salaries thru . a
advancement in the railroad service., t<
Changes in employment from one1 r
road to another indicate that rail
roads have engaged in competitive
bidding for successful managers, just
as baseball clubs bid for pitchers.
When a railroad man has demonstra
ted unusual ability some road tries
to get him by paying a bigger sal
ary, and does get him unless the
road for which he is working meets
the offer. It is interesting to note
the records of a few of the high
salaried men.
The list xs headed by Julius
Kruttsehnitt. chairman of the South
ern Pacific, who receives $100,000
a year. He started his career teach
ing school near Baltimore in 1873
but having srud:ed civil engineering
took a job in railroad construction
work on a small road in the South- i
west in 1878 and has spent the j
succeeding 44 years in working up ‘ a
to his present salary. A. H. Smith.! P<
of the New York Central comes th
next with a salary of $92,580. He
began railroading as a messenger
ID
ar
boy on the Lake Shore in 1879, J at
worked into the construction de
partment and passed from one road
:o another until 1902 when he en
tered the service of the New York
lentral in a minor position from
vh;ch he climbed to the head office. | va
de has been climbing the railroad : uc
adder for 43 years. The next man ! w<
j
>n the salary list is Carl R. Grayjth.
is
ba
na
lei
co
)f the Union Pacific, who started as
1 telegraph operator on the St.
->ouis & San Francisco in 1883,
ince which time he has worked for
lalf a dozen different railroad sys
ems. His climb thus far has taken
19 years. Next comes C. H. Markam,
if the Illinois Central, who, like
Irav, is in the $75,000 class. Mar
ram began as a section laborer in
881, on the Santa Fe, and has
lelped build up a number of roads
ince. It has been 41 years since he
iegan by pulling out rotten ties and
>utting in good ones. E. Pennington
f the Minneapolis, St. Paul and
lault St. Marie is also in the $75,
00 class, He began as a warehouse i
tan with the C. M. & St. P. in
869 and has been in the employ
f two other roads in the 53 years
ince that time. William Sproule,
‘resident of the Southern Pacifis
nother railroader in the $75,000
ist, began as a freight clerk in 18- ]
2 and has been with the Southern j
‘acific ever since, except for four I
ears when he had charge of a traffic
or a smeitering company Hale Hol
en, of the Chicago, Burlington & i
juincy, entered the railroad service J
h rough the legal department in
907, and has spent his 15 years
f railroading with the one company
nd its associated lines. Daniel Wil- j
srd, of the Baltimore and Ohio, al- j
Vll
St
pa
co
al(
ft-i
W
Gi
PE
o in the $75,000 class, began rail-!
\
5ad work in 1879. in a capacity
hich “Who's Who” does not dis
lose. It is stated that he was era
loyed on a number of roads in
arious capacities for 20 years,
hen he went to the B. & 0. Ro
ert S. Lovett, Chairman of the
nion Pacific, also in the $75,000
iass. began his career as a lawyer
nd entered the railroad service in
884, with the Houston, East and
r’est Texas, since which time he j
as been at the head of the legal
epar-.ment of everal roads, grad
ally working up to his present po
tion.
It will be noted that out of these
ine railroad men drawing $75,000
r more, seven worked their way
irough the operating repartment
sd two through the legal depart -
.ent. The legal end of railroading!
ridently offered opportunity for
uicker rise, but the operating de
irtment brought the greater nun-'
?r of men to the high-salaied po
tions.
IISSOURI FARM RICH
IN GOLD AND SILVER
EXETER, Mo., May 15—A num
?r of leases in southeastern Mis
turi have been sold in the last few
eeks as the result of the discovery
■ gold, silver, copper and zinc on
ie farm of G. S. Johnson, near
;re.
About a year ago, while drilling
well, a golden colored rock about
n feet thick, and said to have been
ch in copper was found by work
en. Beneath this rock, it was stat
1. another of a greyish hue was
mnd. Minerologists examined it
td found it to contain silver,
>hnson pulverized the rock and
om sixteen ounces of ore extract
I about an ounce of metal.
Gold also has been found in the
ell but. according to Johnson, in
sufficient qualtities to send it a
ay to be smeltered. It is planned,
iwever, to construct a large blast
mace and smelter here.
Johnson has leased the property
a company, and a shaft has been
wered to a depth of 70 feet. As
vs of the ore are being made by
e Government Bureau of Mines.
BARUCH’S VIEW i
Mr. Bernard Banach believes that i
reparations solution has been ex-;;
dited by the French occupation of i
e Ruhr. Mr. Baruch is an em- i
snt financier and his opinions (
e entitled to more than ordinary <
Mention on that account. But he i
also associated with international (
nkers and is an ardent league of
tions advocate. The bankers and *
iguers as a whole have severely
ndemned France for her Ruhr in
sion, and the fact that Mr. Bar
b takes a different view adds ]
ight to his conclusions. He holds t
it American economists have been -
idicated in holding the United
>tes aloof from mixing in the re
rations dispute, and believes the
nroversy will adjust itself if left
ne.
‘EVERYBODY can buy groceries,
and supplies WHOLESALE,
■ite for free pricelist. Peoples
ocery, 701 Olive St. Seattle.”
OPLES GROCERY COMPANY
Fresh crisp lettuce at Major’s.
GUNS,
AMMUNITION
and
FISHING TACKLE
Why send Outside for
your RIFLE or SHOT
CUN? Our Price» are
Catalog List
Wtttrrjnm MODELS « tie 22
■ABUI—MUel 39, Lem tonext. "
bette Tnsty-fnrt Sleds
Tweetj LMgs
Bgltew Lies Hffle—list— $25
White Ivory Sights plat
Long Barrels gives ac
curacy to these Rifles
Use The REMINGTON
M WINCHESTER
22i- L lr uc Spenzl
Bargain Prices
IN 8-POWER
Binoculars $35.00
V. TAYLOR,
JEWELER
Alaska Steamship Co.
SAFET} SPEED SERVICE
VESSEL
Lr. Seattle Lv. Seward L». Anch.
ALAMEDA . .May 5
NORTHWESTERN .. May 12
VICTORIA May 19
ALAMEDA .May 26
ALASKA June 9
May 11
May 19
May 26
June 1
June 15
May 12
J une 2
June 16
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J. H. FLICKINGER, A. H. McDONALD,
Agent, Seward, Alaalca Agent, Anchorage
A. A. SHOINBECK
ANCHORAGE
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Remco Redwood Stave
WATER & MINING TANKS SILOS HYDRAULIC PIPE
EXPLOSIVES FEED
Write us for information
MICHIGAN GRADUATE PRESIDES
OVER JAPANESE LOWER HOUSE
TOKIO. May is—A graduate of
the University of Michigan, Mr.
Gizo Kasuya. now presides over the
Lower House of the Diet, having
been elected speaker in succession j
to Mr. S. Oku. who resigned on ac
count of ill-health. Mr. Kasuya has
bad experience as deputy speaker. •
He graduated from Keio university
and took a course at Michigan,
from whence he returned in 1890 to
establish the Jiyu Shimbun. He is
also managing director of the Horai
Insuiance Company. Mr. Genji Mat
>uda was elected vice-speaker.
WANTADS
WINING GROUND FOR SALE—
droup of three claims (placer) or.
Jiacier Creek. Kantishna district,
sos. 17,18 and 19. (No. 17 worked
>ut.) Shallow ground, from six
nches to five feet to bedrock,
loarse gold. Automatic dam,, boxes,
ools, complete camp outfit. For
urthers particulars inquire at N'ews
)ffice.
'OR SALE—Two first-class pack i
horses, known as Kennedy stock.
Black weighs 1200. gray 1350. In
quire of Anthony Letray.
'OR SALE—3 room residence fum- 1
ished—Cheap—Inquire News Office
ORDER YOUR
COAL
BY PHONE
Healy River
Coal
Corporation
PHONE YOUR ORDERS
.. TO THE
RAILROAD CIGAR STORE I
BILL OF SALE blanks for sa’e
at The News Office.
LOCAL TRAIN SCHEDULE
THE ALASKA RAILROAD
Trains leave and arrive Xenana as
follows:
8:00 p. m . Tuesday and Friday for
Seward and intermediate points.
Returning arrives Xenana 6:45 a
m., same days.
1:30 p. m., Tuesday and Friday for
Dunbar, Fairbanks and Chatanika *
Arrives N'enana 12:30 p. m., Tues
day and Friday.
Puiiman sleeper charges: Lower
berth. $4.50; upper berth, $3.50.
Tickets entitle holders to privi
leges Observation car.
Andy’s Express
— A T —
Seward
Will Give Your
BAGGAGE AND FREIGHT
Careful Attention
MEETS ALL TRAINS
AND BOATS
William A. Hesse
MINING ENGINEER
U. S. MINERAL SURVEYOR
BOX 1035, FAIRBANKS
Pioneers of Alaska
Nenana Igloo No. 17
MEETS AT UNION HALL
FIRST AND THIRD MONDAY
AT 8:00 P. M.
\ isiting Members Alwayi
Welcome.
Alfred J. Ghezxi R. C. Morrii.
Secretary. F reddest.
9
D. H. WILLIAMS
Undertaking Parlors
Licenced Embalmer
Funeral Director
Anchorage — Nenana — Seward
CHAS. E. BERGMAN
Nenana Manager
I — l
Trappers Traders
SHIP TO
GEORGE R. GOSHAW, INC.
Dealer in Raw Furs
SEATTLE
Alaska Building
NEW YORK
127 W. 27th Street
I