, 1876-04-15
Drew. and Erie Sheers. ,,


, Uncle Daniels way Of doing business. Here
is one | heard in Wall street some time ago,
} that Will do As specimen. Once while sit
ting in his ofiioe Drew was approached by q
clerical looking parsonage, who introduced
himself As Methodist minister, from town
} up lhe Hudson. Uncle Daniel wanted to
know what be could do for him
"Well. l thoaghr, Mr.. Drew" said tho
parsou, - that you Night put me in the way
of making little money
"Thinkin' of buyin' some sheers, ehl''
"Yes. sir, I've got something saved up,
snd if you IL be good enough to tell me what
is best to do to increase it you'll oblige me
very muoh."
- Well, now, it's kind a risky, We know.
but pr APPS ef We tried little Esie"-
&" Thank yon, Mr.. Drew, thank you.
Now. will you be kind enough to tell mo q
good place 10 buy? You see, am not &C.
quainied down here at All ~
Drew sent him TO one of his owu brokers,
who had orders to sell Erie right along. and
when the psrson was leaving the good old
man said to him; ''Now, dom: ye 90 and
tell any Of the folks up there that I've been
givin' ye any Pints, tor I don't want EN- to
be comm down here an specklatin."
The parson ordered some Erie, put up tho
margin, and went home, and in less than q
week every one of has ueighbors who could
command thousand dollars had come to
New York ami bought Erie IN the same
place. But they We're all surprised to find
the stock falling instead of rising. and when
more margin was called for the dominic came
down in hot haste TO see Mr.. Drew and find
out whut was the matter
" MIR. DrSw, my dear sir, how is this2 You
told Erie was good thing to buy"
well" said uncle Daniel, with his
Egyptian mummy smile, L" it has turned out
pOoty bad. that's flct. But, OF course,
don't want We to lose any money. Let's see;
how much are ye out:"
The dominic named his loss, and Drew
told clerk to iill a check for the amount.
1t was handed TO the visitor, who became
quite profuse in his thanks, and when hs
mas having The office, Uncle Daniel stopped
"Seema to me told ye not to say any
thing about that pint on Fry 10 the folks up
YOUR way. Lots Of ems been down yer
uuyin', an fear they baint made nOthin'.
Sorry, but it haint my fault, for told ye not
to tell EN-" They had been buying the
stock that Drew was selling, and the check
to the dominic was only small part OF
what he had made out of the domiuie's
friends.
In the days of his prosperity Uncle Daniel
made hid for pious reputation by eudowing
two theological seminaries- To one named
after him in Madison, New Jersey, he gave
S2jO, 900, and to the Wesleyan University In
Miidletown, Conn, he gave Sl00, 600. But
the grester part Of the gifts were merely On
p..ler, and there isn't much likelihood now
7
Of the institutions ever getting tho money
itself. The Jeques's are 40, secured, and the
regular creditors are pretty sure TO object TO
their payment while other claims remain I'M
satisfied. Drew total liabilities, including
the endowmen:s, are something over a mil
linn while his nominal assets reach $3.50, 900,
but it is doubtful if they would realize half
that amount His personal property, such
as WEARING apparel, jewelry, bibles, hymn
books, etc, foots up $3.50, which isn't what
might be called e1travBgaut for million
airs. But although good old uncle Daniel
voluntarily hand. over everything to his
creditors. be Is not to be without a home dur
leg the few years he has TO live. The house
at the corner of Broadway and Segeuteehth
street where e has lived as long "a l rsmem.
Ter. still rem rs T. surlier hin. With that
clever re,ighs or which 50 many men who
besom, baukrup,s are distinguished, he srans-
feroed this valuable properly 20 his wife,
throu RI his brother, over year ago Inc
conve JaI C; was Rot put on record hil the
same day that bis bankruptcy leaked out,
but no ,nbt tie transaction Is ell lair and
square in a legal sense