Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-02-06
Scl.ofeld Does Not Surrender.

New York Special FEB. 81 Chicago Tribune
President William H. Schofield, who has
just returned from Chicago, in speaking of
| the affairs of the Chicsro, Portage & Superior
| railroad, characterized the action of the coun-
se.-Jackson-as piece of infamy. Jackson,
he said, used his knowledge and the conf
dence of the officers and stockholders of the
| road faIDa base purpose. He deliberately at
tempted to place the control of the unfinished
| line in the hands of H. H. Porter, the ruling
spirit of the North Wisconsin road, who was
aided in his efforts to obtain possession of the
| road by General Manager Cable of the Rock
Island road. Mr.. Schofield said his company
| did not propose to relinquish any of its rights
or the management of the road. He intended
to consult with parties holding stock in New
York, London and elsewhere in reference to
| the best course to pursue. He had no doubt
| the courts would be required to settle the
differences. 1t would likely resolve itself
into question of validity of the stock held by
| the two factions. Jackson agreed to give alb
solute control of the road, but Mr.. Schofeld
feltsure that he would be unable to keep his
bargain. AS things stood at present, the
members of the company conld outvote the
opposition.
Tanderbilt's Rmmored Retirement from
the Ne,c York Central.
A special dispatch from New York to the
Philadelphia Press gives the following gossip
regarding the intentions, designs, and habits
of Mr.. w. Fl. Vanderbilt:
For some time stories have been afoat in
reference to the retirement of W. H. Wander.
bit from active business. 1t has been said
that his health has failed, and that his physi-
clans have given orders that he must avoid all
work. This is not the truth by any means.
Mr.. Vanderbilt has not been what might be
called hard-worker, and there has never been
the slightest danger that he would kill himself
that way. His early life was not calculated 20
promote anything more than ordinary exertion
on his part. He was rich mans son, and
| during his early manhood his position was
such that he must have looked forward to
| the time when he would be master of large
estate with good deal of satisfaction, and
meantime there was no motive compelling him
\ to inconvenience himself as far as work was
concerned. After he left the farm and took
| the position of vice president of the New York
Central he was mere subordinate, and since
| he succeeded to the great wealth of his father
| he has taken things 10 very comfortable way.
His great competitor, Jay Gould, is exactly
| his OppOSILe-a blTSlesS WOTkGT-dQQ ne Is
| thin, nervous and bilious. Mr.. Vanderbilt is
heavy and dAbby and looks like a man who
does not take enough exercise. For more
than three months he has not been visiting
his Office at the Grand Central depot, and his
| friends never expect to find him there. His
policy of late has pointed In the direction of
gradual giving up of the cares of business;
though, OF course, as long as he lives he will
| be the chief of the house of Vanderbilt and the
/ loodinn cprit Of fha Oroof opforprfcno rryifh
which he is connected.
Lately he called j. Deveraux, leading west
ern railroad man, to his assistance, and within
a week he has given O well known eastern
railroad man prominent position as an as
sistant to James Fl. Rutter, who has worked
himself nearly to death, and is in Florida re-
cuperating. W. K Vanderbilt, the fayorite
| grandson of the old commodore, is developing
traits that will make the great railroad man OF
the future, and he and his brother are grad
ually taking more part in the management of
the New York Central. The old staff, headed
by E. D. Worcester, for many years secretary
of the New York Central and other Vanderbilt
roads, Chauncey M. Depeew, General Super
lntendent Toucey, assistant to the president,
| Tillinghast, and Others are active in the man.
agement, while Mr.. Vanderbilt has the bene-
At of the counsel of such men as August
Schell, Samuel F. Barger and Chester
w. Chaplin, who rose to wealth
and power with Commodore Van
derb lit. President Vanderbilt will bel,ees
active in the future than he has in the past.
He will take more recreation which delights
him, and he will give the young people a
chance to get their hands in.
Mr.. Vanderbilt takes great pride in his
horses, just as his father did, and he NAV be
seen airing himself IN the Central Park drives
any day. He has thorough knowledge of
horses, and he often backs his opinion at
races. and is considered lucky. Last fall he