Out of the Humidor
From the Print Edition:
Bo Derek, Jul/Aug 00
(continued from page 5)
Regarding the April 2000 issue, I must say I am sad to see nothing mentioned about Jay Gould. I feel his success has earned him the status of the many others mentioned in the "Tycoons Who Shaped America."
Jay Gould achieved his success at a young age, just like J. P. Morgan did. Gould was a self-made millionaire before the age of 26, having made most of his vast fortune from the railroad industry via Wall Street. Jay Gould and Cornelius Vanderbilt would find themselves in competition with each other on many occasions, but Gould eventually surpassed Vanderbilt in wealth and ownership. Gould also had large stakes in the telegraph industry, with success in other business ventures as well.
Gould had a large estate off the Hudson called Lyndhurst and a luxurious mansion and stables on Park Avenue, too. He also had a fabulous yacht like Morgan's, that he often used to travel abroad with his family. Even though Jay Gould almost lost his entire fortune, he managed to pull it all back together to become even richer than before. I often wonder if there are any descendants who today enjoy the riches of Jay's accomplishments many years ago.
Perhaps Jay Gould was overlooked?
Casey O. Sargent
Cedar Rapids, Iowa
Editor's reply: Jay Gould was excluded because we focused on twentieth-century tycoons; he made his fortune in the nineteenth century. Cornelius Vanderbilt did as well, but he was included because the family dynasty he created continued to have great influence throughout the twentieth century.