Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1879-04-18
HORACE GREELEYS DAUGHTERS.
They Get $4,000 for Money Loaned by
Their Father.
New York 'rlmes,

New York Times
Some fifteen years ago Cornelius J.
Vanderbilt was somewhat vi disfavor
with his father, Commodore Vanderbilt,
on account of his reckless habits and
extravaganza. "Ioung Corneep man
aged to ingratiate himself in the favor
OF the late Horace Greeley. The Com
modore had cut down Corneius's tinan.
cial resources to 4 mere living allow.
ance, and was memorable rs 10 all fur
Their appeals on that subject. In the
course OF the acquaintanccShip and in
timacy which resulted between Cornell
us and Mr., Greeley, the latter was iii.
ducCd to advance or lend considerable
sums of money to the young man, but
upon what representations, eNpecta.
tons, or security is not now veiy gener-
ally known. The totd of these loans
has been stated ut $4,000. Cornelius
J. gave Mr.. Greeley his notes for the
amount. He has never since been i'll a
condition to liquidate the debt, although
he was doubtless disposedto do so. The
Commodore and Mr.. Greeley never I'M
dertook any settlement of the affair, NJ.
though they are understood to nave
had brief debate ON the subject ON ont
occasion. Since the close of the Van
derbilt will trial, negotiations have been
completed by which these long overdue
notes have ut last been taken up and
paid by Mr.. William IL. Vanderbilt in
behalf Of his brother, and partly, no
doubt, under II serse Of equitable jus.
tice to the heirs of Mr.. Greeley. The
matter was finally closed ut the Hon
man House, in Il conference held yes
terday, when Mr.. W. III. Vanderbilt
caused to be paid to Mrs. Ida Greeley
Smith and Miss Gabrielle Greeley,
Mr.. Greeley's surviving daughters,
the sum of $4,000 each, being
the principal OF the notes, with
accrued compound interest There is
no legal liability whatever against the
estate Of Commodore Vanderbilt ON
account of this debt, and lis prompt
and generous settlement reflects credit
upon the executors, and will no doubt
prove acceptable 70 the recipients.
In connection with this debt story
is told, that when the Commodore heard
Cornell had been borrowing large
I y,
became very angry, and assuming that
Mr.. Greeley had loaned the money
mainly in the belief that he, the Com
modore would repay it, determined not
to pay it, rs warning to others not to
loan money to his maynard son. After
thinking over it, he set oil in high dudg-
con to see Mr.. Greeley and give him II
piece of his mind about it," Mr.. Gree
ley was very busy when the Commo-
dore came, putting and indignant into
his office. In his usual bluff. impetu-
Gus way the Commodore said MIR.
Greeley, understand you have been
lending my SON CarnreP money 2"
MIR. Greeley looking UP quickly, and
then almost instantly resuming his
work, replied, in his usual drawing way,
Yes, Commodore, I've let him have
some money" You have, ell? ~
blutled in the Commodore, "you have
we'll | want you to understand that
| amt responsible for it and shan't
pay you cent Of it" Mr.. Greeley
ran his specmclcs up on his hrows,
stopped writing for moment, and
turning full face on the Commodore,
fairly yelled out, You won't, ell? Well,
who the devil asked you 10 pay it? l
didn't, did ?" Greeley dropped his
glasses over his eyes and bent again TO
his work. The Commodore, nonplussed
and boiling over with fury, steamed ont
of the Office, and it was n matter OF ru-
NOR that the two men were never after
wards on as good terms asthey had pre-
viously been.