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Though Fisk was admired by the working class of New York and the Erie Railroad, he achieved much ill-fame for his role in Black Friday in 1869, where he and his partner Jay Gould befriended the unsuspecting President Ulysses S. Grant in an attempt to use the President's good name in a scheme to corner the gold market in New York City. On ...
The panic, which became known as Black Friday, was the result of a conspiracy between two investors, Jay Gould, later joined by his partner James Fisk, and Abel Corbin, a small time speculator who had married Virginia (Jennie) Grant, the younger sister of President Ulysses S. Grant.
Gould, Drew, and James Fisk engaged in stock manipulations, known as the Erie War, and Drew, Fisk, and Vanderbilt lost control of the Erie in the summer of 1868, while Gould became its president. [ 14 ]
In September 1869, Fisk and Gould with an accomplice engaged in major manipulation of the gold market, triggering the Black Friday panic of 1869. After Fisk was murdered in 1872, Gould eventually gained the advantage in the conflict, but he had to relinquish control in 1872–73, following his loss of $1 million worth of Erie Railroad stock to ...
The intricate financial scheme was primarily conceived and administered by Wall Street manipulator Jay Gould and President Grant's brother-in-law, Abel Rathbone Corbin, who would use his personal relationship to influence the President. Gould's partner, James Fisk, joined the conspiracy later. Their plan was to convince President Grant not to ...
In 1866–1868, during the so-called Erie War, Cornelius Vanderbilt was defrauded by James Fisk, Daniel Drew and Jay Gould, who sold $7,000,000 worth of watered stock to him in his attempt to acquire the Erie Railroad. [8] [3]
Jay Gould, CEO of the digital advertising company Yashi, knows a thing or two about creating a favorable work environment. His company was named one of the Best Places to Work in New Jerseyin 2015.
Gould and Fisk also conspired to falsely arrest Ramsey, Henry Smith, William L. M. Phelps, and Robert H. Pruyn, the latter three of whom were also executives associated with the Albany and Susquehanna Railroad. [2] Ramsey applied to Albany judge Rufus W. Peckham, both sides trying to force the A&S into the control of a partisan recipient ...