The Milan exchange. (Milan, Gibson County, Tenn.) 1874-1978, 1879-04-17
yANDERBILT AND GREELEY.
An oufIawed nebt Paid It's Fuii- Prime
pni and Interest.

An ou,Iaued nebt Paid ia Pail. Princi-
PM and Interest
New York Times.
Some fifteen years ago Cornelius J
Vanderbilt was somewhat in disiavJf
with his father, Commodore Vanderbilt,
on account of his reckless habits snd
extravaganza. Young Cornell man
sged to ingratiate himself in the favor
OF the late Horace Greeley. Tue COM
modore had cut down COrnelius's 6nan
cial resources to mere living allowance,
and was memorable as to all further APP
eeals on that subject. In the course OF
the acquaintanceshio and intimacy
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 what
representations, expectations or security,
is not now very generally known. The
total of these loans has been stated at
forty thousand dollars. Cornelius j.
gave Mr.. Greeley his rotes for the
amount. He has never since been in
condition to liquidate the debt, although
he was doubtless disposed to do 30. The
commodore and Mr.. Greeley never
undertook any settlement of the affair,
although they are understood to have
had a brief deoate on the subject on one
occasion, Since the close OF the trial 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. H. Van
derbilt in behalf of his brother, and
partly, no doubt, under sense of equi-
table Justice to the heirs of Mr.. Greeley.
The matter was finally closed at the
Hoffman house, in a conference, when
w. II. Vanderbilt caused to be paid to
Ms. Ida Greeley Smith and Miss Ga
brielle Greeley, Mr.. Greeley'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
st ttIement re fects credit upon the execu-
tors, and will, no doubt, prove acceptable
to the recipients.
In connection with this debt story
is told that when the commodore heard
Cornell" had been borrowing large
sums of money from Mir. Greeley, he
became very angry, and assuming that
Mr.. Greeley had losned the money
mainly in the belief that he, the comm0N
dore, would repay it, determined not to
pay it, as a warning to Others not to
lend money to his hayward son. Alter
thinking over it, he set off in high dud-
geon to see Mr.. Greeley, and "give him
piece of his mind about it." Mr..
GREELEY was very busy when the COM
modore came, putting and indignant,
into his office. La his usual bluf, I'M
petdous way The commodore said: " MIR.
Greeley, | understand you've been lend
ing my son Cornell money ?" Mr..
Greeley, looking up quickly, and then
almost instantly resuming his work. re-
Piled, in his usual crawling way Z" Yes,
commodore, I've let him have some
money" {; You have, eh?" blufed in
the commodore, you have-wetl, l
want YOU to understand that | amt
responsible Tor it, sDd / shan't pay you 8
cent of it." Mr.. Greeley ran his spec.
tacles up on his brow, stopped writing
for & moment, and, turning tull face on
the commodore. fairly yelled out, " You
won't, Ell? Well, who the devil asked
you to pay it? didn't, did |? ?" Gree
lev dropped his glasses over his eyes sno
bent sgain to his work The cOmmo
dore, n0nplussed and boiling over with
fury, steamed out of the Office, and II
was q matter OF rumor that the two
men were never sfterward on as gOOC
terms as they had previously been.