In 1881, Jay Gould — the ravenous financier and archetypal robber baron — used his wiles and ways to seize control of Western Union, William Vanderbilt’s mighty telegraph company. Gould mounted an elaborate campaign to drive down the company’s stock, using his newspaper — as well as his influence on Wall Street — to raise doubts about Western Union’s leadership and hefty stock price.
Posts Tagged ‘Cheap Stock’
This Day in Wall Street History 1881: Western Union snaps up Atlantic and Pacific Co.
January 19th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Archetypal, Asking Price, Busy Driving, Cheap Stock, Cronies, Desperate Attempt, Final Phase, Financier, Gambits, Jay Gould, Pacific Co, Pocketbook, Robber Baron, Source History, Stock Price, Telegraph Company, Wall Street History, Western Union, Wiles, William Vanderbilt 
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