Jay Gould

Businessman

Jay Gould was a prominent American railroad magnate known for his ruthless business strategies and significant influence in the 19th-century railroad industry.

Born
December 27, 1837
Died
December 2, 1892
Quotes
11
Rank
#1162

About Jay Gould

Jay Gould — Life and Legacy

Jay Gould was a key figure in American business during the late 19th century, recognized for his role as a railroad magnate and financier. His strategic maneuvers in the railroad industry, particularly with the Erie Railroad, showcased his ability to manipulate markets and exert control over competitors. Gould's quotes often reflect his pragmatic and sometimes ruthless approach to business, such as when he stated, 'I can hire one half of the working class to kill the other half.' This stark perspective reveals his understanding of class dynamics and the lengths to which he would go to maintain power. Gould's worldview was characterized by a belief in the necessity of competition and the importance of being prepared for opportunities. His quote, 'The secret of success is to be ready when your opportunity comes,' encapsulates his mindset, emphasizing the value of strategic readiness in business. He viewed philanthropy with skepticism, famously asserting, 'I am not a philanthropist, but I am a businessman,' which highlights his prioritization of profit over altruism. Today, Gould's insights into power and control remain relevant, as they resonate with ongoing discussions about corporate ethics and the influence of wealth in society. His legacy serves as a reminder of the complexities of ambition and the moral dilemmas faced by those in positions of power.

Quote collection

Jay Gould quotes

11 quotes — follow a thought to its full quote page.

Jay Gould Businessman
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"I can hire one half of the working class to kill the other half."

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Jay Gould Businessman
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"I never notice what is said about me. I am credited with things I have never done, and abused for them. It would be idle to attempt to contradict newspaper talk and street rumors."

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Jay Gould Businessman
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"It was the custom when men received nominations to come to me for contributions, and I made them and considered them good paying investments for the company. In a Republican district I was a strong Republican; in a Democratic district I was Democratic, and in doubtful districts I was doubtful. In politics I was an Erie Railroad man all the time."

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Jay Gould Businessman
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"I do not believe that since man was in the habit of living on this planet anyone has ever lived possessed of the impudence of Jay Gould."

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Jay Gould Businessman
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"I judge property myself by its net earning power; that is the only rule I have been able to get.... This whole island [Manhattan] was once bought for a few strings of beads. But now you will find this property valued by its earning power, by its rent power, and that is the way to value a railroad or telegraph."

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Jay Gould Businessman
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"Having the ability to get and gain respect through your work is great but you have to be careful not to get carried away."

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Jay Gould Businessman
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"I have the disadvantage of not being sociable. Wall Street men are fond of company and sport. A man makes one hundred thousand dollars there and immediately buys a yacht, begins to race fast horses, and becomes a sport generally. My tastes lie in a different direction. When business hours are over I go home and spend the remainder of the day with my wife, my children, and books of my library. Every man has natural inclinations of his own. Mine are domestic. They are not calculated to make me particularly popular in Wall Street, and I cannot help that."

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Jay Gould Businessman
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"My idea is, that if capital and labor are left alone they will mutually regulate each other. People who think they can regulate all mankind and get wrong ideas which they believe to be panaceas for every ill cause much trouble to both employers and employees by their interference."

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Jay Gould Businessman
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"No man can control Wall Street. Wall Street is like the ocean. No man can govern it. It is too vast. Wall Street is full of eddies and currents. The thing to do is to watch them, to exercise a little common sense, and … to come out on top."

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Jay Gould Businessman
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"In a Republican district I was a Republican. In a Democratic district I was a Democrat. And in a doubtful district, I was Doubtful. But I was always for Erie."

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Jay Gould Businessman
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"I sometimes think I should like to give up business entirely. The care and worriment attending large business interests are very great, but besides that fact the manner in which motives are impugned and characters assailed is most unpleasant"

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