Quotes About Jay Gould

Important New York banks realized that because bankers had hypothecated the Central Pacific's securities repeatedly, they were effectively worthless as collateral. It was better to strike a deal with the Central Pacific; otherwise the chain of debt would choke even more banks. Jay Gould scavenged the Union Pacific, saving it from bankruptcy and setting up what would eventually become one of his biggest financial killings.43

He was a slow learner but patient and persistent and, like J. P. Morgan and Jay Gould, exhibited a terrific head for math.

One of the major reasons for the failure of Fink and the trunk cartels was the truly heroic activities of one of the most maligned railroad financiers of this era: Jay Gould.