vement on Drew's part, which
his partners considered treacherous, they accordingly lost, and at once
unlocked greenbacks, thereby stock advanced and Drew, instead of
gaining, lost one million five hundred thousand, as he was seven
thousand shares short. The price of the shares continued upward and
Gould was obliged to get it down by some means in order to save himself.
He therefore inaugurated a "bull" movement on gold. A. R. Corbin,
brother-in-law of the President, Mr. Grant, was selected to sound the
government, who reported that it was not intended to put any gold on the
market for the present, at least. The clique at once bought millions
more of gold than was to be had in the city outside of the Sub-Treasury.
Up, up, went gold; 130 is reached, and next 133-1/2, then 134; still the
order is buy; buy all that is for sale. The price reaches 144, but
nothing daunted, the clique still buy in order to force the shorts to
cover; yet on up it goes. Black Friday week is upon them, but Jay Gould
is now selling while others are still buying right and left. Of course,
he still pretends to buy, but is secretly selling at 165. At last the
crash came, when the Secretary of the Treasury sold four millions on the
street, and Gould is nearly the only one who is safe. This may look
crooked--it certainly is not Puritan, but there are features of Jay
Gould's success which are not praiseworthy; however, we claim there are
many things that are worthy of imitation, hence it is here given in
detail. He next bought Kansas & Texas at 8 and ran it to 48. He
purchased Wabash at 5, and this, under his management, rose to 80
preferred.

Where Mr. Gould has shown the greatest skill in his line, is his
connection with the transactions with the Western Union. Desiring to
secure control of that company, he went into American Union, and within
one year it was a formidable rival, which he substituted for the Western
Union wires on his roads, and that company's stock fell from 116 to 88.
If it is true, as stated, that Gould was short 30,000, he must have
cleared on this one transaction $840,000. This method is so unlike his
usual tactics that we are inclined to disbelieve it; however, his
dealings all through, it is claimed, seem to prove it. He next caused a
war of rates to be announced between his company and Western Union, and
of course, the stock of the latter dropped still lower. The story was
then circulated that he was to become a director of Wes