Fayette County herald. [volume] (Washington [Washington Court House], Fayette County, O. [Ohio]) 1860-1???, 1879-04-24
VapderbIIt,s Credit.

New York Times
Some fifteen years ago Cornelius j.
Vaderbilt was somewhat in disfavor with
his father, Commodore Vanderbilt, on
account of his reckless habits and extrav
aganee. 'sYoung Corneel'' managed to |
ingratiate himself in favor of the late |
Horace Greeley. The Commodore had |
cut down Cornelius financial resources
to a mere living allowance, and was in
exorable as to all further appeals on that
subject. In the course of the acquaint-
anceship and intimacy which resulted be-
tween Cornelius and Mr.. Greeley, the lat
ter was induced to advance or lend con-
siderable sums of money to the young
man, but upon what representations, ex-
pectations, or security is not now very
generally known. The total of these
loans has been stated at $4,000. Corne-
Illus j. gave Mr.. Greeley his notes for the
amount. He has never since been in
condition to liquidate the debt, although
he was doubtless disposed to do so. The
Commodore and Mr.. Greeley never un-
dertook any settlement of the affair al
though they are understood to have had
brief debate on the subject on one oe-
casion. Since the close of the Wander
bilt will trial, negotiations have been
completed by which these long overdue
notes have at last been taken up and paid
by VIM. n. Vanderbilt in behalf of his
brother, and partly, no doubt, under
sense of equitable justice to the heirs of
Mr.. Greeley. The matter was finally
closed at the Hoffman House, in a confer
ence held, when Mr.. VIM. 81. Vanderbilt
caused to be paid to Mrs. Ida Greeley
Smith and Miss Gabrielle Greeley, Mr..
Greeley's surviving daughters, the sum
of $2s, 900 each, being the principle with
accrued interest. There was no legal Ii
ability whatever against the estate of Com
modore Vanderbilt on account of this
debt, and its prompt and generous settle
ment reflects credit upon the executors
and will no doubt prove acceptable to the
> recipients.
In connection with this debt story is
told that when the Commodore heard
''CorneeP' had been borrowing large
sums of money from Mr.. Greeley, he be
; came very angry, and assuming that Mr.
: Greeley had loaned the money mainly il
; the belief that he, the Commodore, would
repay it, determined not to pay it, as
2 warning to others not to lend money t.
this wayward son. After thinking owe
, it, he set off in high dudgeon to see Mr.
, Greeley, and give him piece of his minC
2 about it. Mr.. Greeley was very bus!
when the Commodore came, putting anC
o indignant into his office. In his usua
: bluff, fmpetuous way, the Commodor
: said: "Mr. Greeley, I understand yOu'v
d been lending my son 'Corneel' money
Mr.. Greeley, looking up quickly, an
then almost instantly resuming his work
replied in his usual drawling way, eyes
g Commodore, I've let him have som
4 money" sfYou have, eh? ?" bluffed i
= the Commodore, ''you have-well, L wan
!. you to understand that 1 amt responsible
!, for it and won't pay you cent of it..
= Mr.. Greeley ran his spectaeles up on hi
; brows, stopped writing for momen
and turning full face on the CommC
> dore, fairly yelled out: ''You won't eh
Well, who the devil asked You to pay il
a didn't, did I?'' Greeley dropped h
' glasses over his eyes and bent again
:" his work. The Commodore, nonplusse
" and boiling over with fury, steamed OIL
io of the office, and it was matter of rune
A0 that the two men were never afterwal
g on as good terms as they had previousl
been.