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Drowning in his own “pool”

Drowning in his own “pool”

Jay Gould is drowning in “Watered Stocks” certificates, some labeled “Watered W.U.T.” and “Watered Wabash,” at the bottom of the steps to Federal Hall on Wall Street in New York City. William H. Vanderbilt sits at the top of the steps, on a large bag labeled “$40,000,000 U.S. Bonds” and “Vanderbilt.”

Collection

Library of Congress Prints and Photographs

Creation Date

1884-06-04

Jay Gould’s private bowling alley

Jay Gould’s private bowling alley

Print shows Jay Gould bowling on Wall Street using bowling balls labeled “Private Press, General Unscrupulousness, False Reports, [and] Trickery” to knock down pins labeled “Banker, Small Operator, Speculator, Stock Dabbler, Broker, Inexperienced Investor, Capitalist, [and] Curb Stone Broker.” At the right is a slate showing Gould’s holdings in various railroads, “Western Union, Missouri Pacific, Manhattan ‘L’, Wabash, New York Metr. ‘L’, [and] Wabash Preferred” totaling “53,000,000.”

Collection

Library of Congress Prints and Photographs

Creation Date

1882-03-29

Cut-throat business in Wall Street. How the inexperienced lose their heads

Cut-throat business in Wall Street. How the inexperienced lose their heads

Print shows William H. Vanderbilt, Jay Gould, Russell Sage and James R. Keene checking ticker tape connected to a large straight-edge razor labeled “Wade in & Butcher’em” and “This Indicator Rises & Falls with Stocks” with a bear and a bull and several money bags labeled “$” balanced on the back of the blade; below, draped over the handle are many investors reaching for bundles of “Pacific Mail, Western Union, [and] Erie” stocks, the blade is poised to drop. In the background another group of investors labeled “The Lambs Brigade” are headed into the “N.Y. Stock Exchange”.

Collection

Library of Congress Prints and Photographs

Creation Date

1881-09-07

The deadly upas tree of Wall Street

The deadly upas tree of Wall Street

A large old tree grows at the edge of a body of water, with Albany, New York, on the right, and the U.S. Capitol on the left, in the background. Hanging from the branches are many coins with “$” and a few blossoms labeled “Bribes for Legislation, Bribes for Lawyers, Bribes for Judges, Bribes for Editors, [and] Bribes for Congress.” Telegraph lines are tangled in the branches, and the face of Jay Gould is formed by limbs and branches at center. The bodies of several people lay among the debris beneath the tree. Roscoe Conkling is slumped against a row of buildings. “Westbro[?]” has expired over the same row of buildings. A skull labeled “Jim Fisk” lies next to “Whitelaw Reid.” Ulysses S. Grant, at center, is labeled “Black Friday.” Beneath a railroad is the body of a woman labeled “Stockholder.” Against the trunk of the tree is a man labeled “Stockholder E.R.R.” who looks a little like Cornelius Vanderbilt, and on the right is Alonzo Cornell labeled “Blind Pool.” All appear to have succumbed to greed through the machinations of Jay Gould. Caption: “This tree … was said to be so exceedingly poisonous that no one could even approach it without certain death.” Zell’s Encyclopedia.

Collection

Library of Congress Prints and Photographs

Creation Date

1882-08-30

Letter from Dwight Braman to Theodore Roosevelt

Letter from Dwight Braman to Theodore Roosevelt

Dwight Braman informs President Roosevelt confidentially about a Wall Street conspiracy against Roosevelt and the Republican administration. A syndicate formed by J. Pierpont Morgan and others bought up government bonds and then attempted to force the money rate up to 40%. The United States Treasury would then have to buy the bonds back at inflated rates. The plan failed due to the intervention of Russell Sage, one of Braman’s clients. Braman has also been working to solve the coal strike and he encloses a letter from John Mitchell which details his efforts.

Collection

Library of Congress Manuscript Division

Creation Date

1902-10-07

Letter from Leslie M. Shaw to George B. Cortelyou

Letter from Leslie M. Shaw to George B. Cortelyou

Secretary of the Treasury Shaw returns a letter from Luther B. Wilson pertaining to the National Bank Act. Upon request of President Roosevelt, he then submits three observations about this act: the plan is too detailed; nine Currency Commissioners is too many – Shaw suggests a board of three; and no new government bonds should be issued because the country would never accept the issuance of new bonds during peace time. Shaw likens issuing bonds because banks want them to issuing money because the public wants it.

Collection

Library of Congress Manuscript Division

Creation Date

1902-04-11