Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1879-04-19
VANDERBILT AND GREELEY.
An OutIqWed Debt Paid in Full, PrIhci'
pal and 1ntereht.
New York Times.

Au OutIaWed Debt Paid in Full. Frinci-
pal and Interest
New York Times.
Some fifteen years ago Cornelius D..
Vanderbilt was somewhat in disiayor
with his father, Commodore Vanderbilt,
on account of his reckless habits and
extravaganza. Young Cornell " man
aged to ~ingratiate himself in the favor
OF the late Horace Greeley. The com
modore had cut down Cornelius's tinan
cial resources to mere living allowance,
and was memorable as to all further APP
Peals on that subject. In the course OF
the acquaintanceshio and lntlmscy
which resulted between Cornelius and
Mr.. Greeley, the latter WAS induced TO
advance or lend considerable sums OF
money to the young man, but upon Whit
representations, expectations or security,
il not now very generally known. The
total OF these loans has been stated at
forty thousand dollars Cornelius }.
gave Mr.. Greeley his rotes for the
amount. He has never since been in a
condition to liquidste the debt, although
he was doubtless Opposed to do so. The
commodore and Mr., Greeley never
| undertook any settlement of the affair,
although they are understood to have
had a briet deoate on the subject on one
occasion. Since the close OF the trisl OF
the Vanderbilt will case, negotiations
have been completed by which these
long overdue notes have at last been
taken up and paid by Mr., w, Fl, Van
dcrbilt in behalf Of his brother, and
partly, no doubt, under a sense of equi-
table Justice to the heirs Of Mr.. Grseley.
The matter was finally closed at the
Hoffman house, i'll a conference, when
w. II Vanderbilt caused to be paid to
Mrs. Ida Greeley Smith and Miss Ga
brielle Greeley, Mr., Grceley's surviving
daughters, the sum OF twenty.eight
thousand five hundred dollars each, being
the principal of the notes, with accrued
compound interest. There was no legal
liability whatever against the estate OF
Commodore Vanderbilt on account Of
this debt, and its prompt and generous
settlement reflects credit upon the exeCu-
tors, and will, no doubt, prove acceptable
to the recipients,
In connection with this debt q story
is told that when the commodore heard
/ Cornell" mad bsen borrowing large
y, sums of money from Mr.. Greeley, he
becaTe very angry, and assuming that
Mr.. Greeley had loaned the money
mainly in the belief that he, the commO'
dOre, would repay it, determined not &c
pay it, as a warning to Others not tC
lend money to his hayward son. After
thinking over it, he set of in high dud.
geon 10 see Mr.. Greeley, and " give him
} a piece OF his mind about it," Mr.
y Greeley was very busy when the com
modore cqme, putting and indignant
into his office. 10 hi3 usual bluff, i'm.
petuous way the commodore said "Nlr
] Greeley | understand you've been lend
ing my son Cornell money % Mr.
, Greeley, looking up quickly, and theI
! almost instantly resuming his work. re
piled, in his usual Irawling way " Yes
commodore, I've let him hsve som.
: money! You have, Ell ?" blufed il
the commodore, "yOu have-well,
y want you to understand that | ala
J. responsible tor ii, and | shan't pay you
cent OF it." Mr., Greeley ran Al, <.c.
d tacles up on his brow, stopped writu
Tor a moment, and, turning full lace o.
e the commodore. fairly yelled out, " Yo.
r won't, Ell? Wei, who the devil aske
you to pay it? ! didn't. did II" Gree
ley dropped his glasses oyeT his eyes an
bent again to his work. The CONNIE
dore, nOnplussed and boiling over wit
Jury, steamed out Of the Office, and
was a matter OF rumor that the tw
! men were never afterward on as 600
terms as they had previously been.