13 APRIL 1872, Page 2

Mr. Jay Gould, the late President of the Erie Ring,

has sur- passed himself. According to the New York papers, he foresaw as clearly as any one the effect of his own resignation on the shares of the Company, secured upwards of 100,000 shares or contracts for shares, and netted 27 dollars on each share, his total profit exceeding £500,000. It has often been said that character is money in the City, but to make a fortune at a stroke out of one's own reputation for not declaring dividends is a stroke of genius

for which in New 'York all Mr. Gould's offences will be condoned. A man as " smart " as that ought to be President.