New-York tribune., 1879-09-19
Hon was .tppr coupca with the Harlem "corncr" as

TIE what hr htu already done Win the fNtlN'n
River R.road-shut Of compel ton aud oqnalz'
freight and passenger rates beiween parallel llne-
The conquest Of Tie Enr would make ;im tn absolute
MASTER Of the railroad system of the state The Ere
could be used mainly frokAt rnni aud the 'rtrdi
~ passenger line and the necessity for laying onr
ihe Oumodor's mind, II 70 was not on Ll, tongue;
,or he kept his own epun'ci an" never 'trN,H '.s
pcst ifieni-hmseif lie went M" wal street. VIII hIH
prestige aud his millions. 10 MAKE The 10 bis own.
one man hsd ho nerve aud the cunning TO defeat aim.
Al thc suggestion Of Richard schell Commodore Van
uerbilt formed IN alliance with knot ~ ,p.rrlatos
WI" Nd control o tie Boston, Hartford aid trc iiiii
road. and the WHY the Erie threat ei
with proceedings based upon TIE oytr-~slr Oi
sI'ck Mr. Drew aid not lac The "n'look. iir called
upon Commodore Wand rblt one eyeniu, and proposed
cessation ~ h0siiiii's The Commodore Rad 10 hn
thtiaW parcls, which hha Deeh pIcparcn Tor 'tNr''
ana tnaily they cae 20 an understanding - which lh"
Boston Hartford and Erie managers 10 ho forced
Ou' o the Lne bireciOrN ana MI Ore" was 10 lose hs
seat temporarily ,ud ;hru regain 1t through tne forced
to co6pern'e m eiv.ng the market an upward ten
dency. and Mr.. Drrw to ass s. the Commodore W
Central ana the Enc hell long corierrnce but were
unable to Suggest a basis of consolidation. NJ Drcw'S
ming for Commodore Vanderbilt TO co-"corner" Mr.
But 10 corncr" Mr. Drew. II was necessary TO stop
thr Erie printing press Tns Commodore Vanderbilt
attempted 10 do by niuncllon., wir Nr DE" defend
One JUDGE oniained The Erie directors from issu-
ing any more stock Another Juigc ordered
81 the Enc directors. Another judge ordered
1e iu n', ,"d % c''vr, r'vcr " WI hn,ds i,,o "
Auoiher rgr an fhorizei the of additional stock
Wrie In ttiors were falling mo "A lnr,i. f.nr
10000 shares o. stock Issued and surrcptit-
o",lY pitc. nlion ne ntrt't Iht tlnn1 tDie 20
tnr All ami was ready To take as many morc when ih.
rick discover, ana Ere sud i,uy fell from - 10
Il. Tie day Judge Barnard ordered the arrest ~
the directors on proceed ~, for contempt Mr. Drew
and his allies heai nasty 'etFeat to jersey Ctv. one
million. in grcrnlack- Two OF the directors
were arros ed. but T-k aud Dr.w cncamped at
" Fort Taylor" opened railway office, div dc'i
profits. and turned over tnrct nllliou7 and "a h.if
into the Ere treasury. Commodore Vanderbnt with
his hHndrcd thunsaui of Erie eit sustain
aii Of Juic Baru'rd. The battlo renewed in tne
courts 81 along the line. There w'r" hinnruons and
ui,r-'nnrc ous, orders oi arrest oteinpi pro-
ceecng' Hnd appointments ~ rcceigc's. afdiYis al
gneni- and npP.a- Al endn- In hon,,s. .ni H.,
he was asked 10 Issue writ o. hah'as
corpus W tie Erie PROCEEDINGS. 81 would
rHiarr Dee fined Thousand dollars than
anyihue To do Win ,hc srandaio Mi Drew i'ad been
onc O.. ne fret Wa!l stree operators TO apply ninnc-
uors - ,iocH-iobnins ihc d"' cr lad l!,i'.t E 30
ma, d ih' v ne % n-r TO- sy %hc..'@r 2 iIn % w',
Nothing ueklcl hi cynical hnhor So inucn uhir. IL
Was " raddius.' which ne also claimed -s A- own ~
Whr tue Drr" party were encampcI at " For
Fefr, aud TOOK possession uf the Ene depot Inc Li'
refugees charged Commodore NanleInit with hiring
sxc.irnIcat ur,vacd Ili Jersey Cty Mr. Di.w
cr't,d, the employee o tht road were org ~ h int"
icucht3 around the directors hotcl, and Dr mGl ot
the clfv We're held u reserve fo Iciti AF Ha- i. from
and Camp ylor 10 tho LEGISLATURE or thc two s, @
campaign Az person. Mcanwnic. Mr.. Drew fcit Ike a
prisoner al Camp Tag lur lie di-AAct i- "--o 'tire'
and Ac u-W that thcy al tIu-tcd hn. IL vas uNou,
o. r.turu 10 Newlork Judges avyels aud legislators
were Unable to nri tus t,ocAjohning cn iAe pi.nc
pais bad 10 settle No. themselves. one SUNDAY
morning Mr. Drew crossed the river ANA ncd 90 cou-
nee With Commodore Vanderbilt. and th" -l.t
wa. settlement. Commodore Van crl,lt was ic. Ycd
OF ii- su 900 shares oI Erie, Il DlcW etiitd it hf
t,>rror OF the Iii. ini obi.Ia.. o. rr.ca-e n
NI I..I % / 4 .
t. ltilccs 90 neu oi eJ.OODuU0 oi Boston. d rtfHtt
.,d i.r's n,n.is anI ~ sal GlllI n.rc .. 80 unli
Na, drawn from o lre treasury n ie 'oal'e "i 'Ai7
Extraordinary settlement
BAD spfCrLNTiONs AND BANKRUPTCY.
The refugees br,h. mp ttris camp i' J.r'ei CRY and
returned 20 Wal sfscci iue was TOW qiocd 80 10 nid
ID, STOCK % 81 .cA C.mm.drre Vanderbilt Aat icen Pee
H.v,d,n.- di.r, .d of vt.or io-a NntHitAstanding
fl ,cafiaore proceeding. iu the conflict between Mi
Vanderbilt and lif. Dlrw there demand ior Lric
Shares purchase IN lng ana dlli ~ lic Summer
rno .ic nart.cr. ISSUED and sold 23jooo ncv sh1r q
,f tr., er * ana Withdrew over $4,000 600 ot cur
iDucy circulation $50 Tie i.un Wien % was u,cdr
in orde. move the orops Mr. Drew afrerh to CO.;
conspiracy and To ads.uce siOoOOOO. IL could rot
nom tnc continuation. Tine process or Elic lntIiDn
went uuul ta~ stock o the company was increased
Ar.in. IT, n Dbl. % Cnlifel oi Ie." shows. Although
Air 'f'" Iia ".iiii' " m W.T.. % ~, ti,I ,n, m
bi.ufi. d. f-'N ~ ii l''i''' "Ni ''ut tlu''.
d" bear the mait,t en- hi. oNn "c,oHni. IN
Noycn.b,r be htd c.nffacIed for fhe delivery of
10000 slarc, at currcl. r.i,-. suddenly ine com,
mouc, ana d,pr.s-i.s me market took advantage Of
c ..ity 81 trc Li- i-n e'"s' ran up th' siuca
u-c courts, hu h. op oirnis were in adv ic. o.
lin even 'lcra. Az i-'-.n r'ss. ~ tArrcloh ~i.h
me Si'il me- me- ,-i-i ,,..,l and ne made
','' s,.r, ir,, inv iai -nnrls,.l w,r. IN Europe
tf D. I.. In .lI. .. -
tankc's; ihc ~. directors "rir hrh'} io''is' ana
trlr sAar, % H. pitv, million 1nd half pasfcd into
flr pi. ,,i.r of tic Great Geir" was lost In his
br fne boys" III. Iuck had Turned. Ehcr rotribuuyr
J,,, ,.l b,.,u in,rei In Is72 after "A sharp en-
sls'vi3 @ .,, Jr G"nI AMI Ilri,cc r Ciark lie was
coru,red" aud compelled To surrender three quarters
o., - million lie poe,ctod hs losses very ph,losophc-
it' nfi, comment afribued to h'm being. Naai,
my tell me Nor Vests rsn. rs III lie was M
incS, IN li- dca ings I'm "Way-bosh." Canton.
and that vanity OF vantes. q ucs-ilyer." He was
concerned IN a.. construction 0t tue CauHda southern
iSra, E1.' i,n @ failure ir Of KENYON Cox & CO. irm IN
va!cn ho vac "a special partner; Although Mr. Drow
made m asslgnmeni William L. scott, of Erie, Pcnn,
M that tme his schedule III bankruptcy WIS not u ed
unih March. 1876 His Liabilities exceeded mllhon'
and his assets aside nom enoscs IN aeon' were exceed
msy small.
MIR. DREw's AMBITION TO MAKE MONEY.
4 rewspaper correspondent who visited him soon
after the bankruptcy proceedings were announced,
fund nm cxccoG.ngly communicative. g had been
wonderfully blessed In money-naking, he remarked
got to be 4 millionaire afore know'd IT, hardly
WA. always pretty lucky till lately, and didn't think
could ever loose very cNI,nsNey wac HhDltlou- 10
mako great fortune like Vanderbilt ana trcd every
w.y knew hut gOt caught ~ last Besides that lhed
The excitement of making money and giving
A. AWAY 1 have gwen a good deal OF money
away and am glad Of II. 50 much has
hseI sawed ANYHOW. Wall street great place
foi making money and couldn't give hp the hnsiheas
when ouIht to nave done 50. Now see very clearly
what / ought to have done ought 10 have lett the
street eight ago and puid np what owed
When gave 100000 To this iasiiiutnn ana that,
fuyht "a have paid the money. And ought 10 nave
urD,Ided for Ily children by giving them enough 10
mike I'm r.1 or lie. Instead Of tna gave my nOtes
and only paid the interest on cn, thinking cnu 90
nrtier with tue principal myself. Oae Oi TIE hardest
thin,s I'ye Lad TO Dear has been the Tact mat
could continue To pay the interest on Tue notes gave
.I.a lua nd cnu