The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1883-10-15
A MALICIOUS CANARD.
A RumOr that w. K. Vanderbilt Had Failed,
Which Is Promptly Denied.

A RumOr that W. x. Vanderbilt Had Failed,
Which Is Promptly Denied.
New York Special.
Busybodies in Wall street this afternoon,
who had apparently nothing better to do
than gossip about their neighbors, started a
rumor that Mr. William K Vanderbilt had
failed; that in fact he was unable to meet his
engagements, and that an appeal he had
made to his father, Mr. VIM. H. Vanderbilt
to help him out of his financial difficulties
had met with a most decided refusal. This
rumor proved a choice morsel for the bears"
and they made the most of it by relating it
On the streets with all the addenda that could
make it the more startling, although on it's
face the rumor was set down by sensible men
Rs canard and stock obbIng trick.
A reporter called this evening upon VIM.
n Vanderbilt, and calling his attention to
the rumor, asked him If he cared to say
anything about it one way or the other
H MI heard that the bears had him
'bursted. l heard, too, that they said that
We did not speak to each other. There is
not one word of truth in any of the stories,
and it is outrageous that such lies should be
started. There is no punishment too Sc
we're for the men who set them going
William K. has never asked me for dollar;
The rumors about his losses became so hot
that this morning | went to hlm and asked
him if he was in trouble. He showed me in
a few minutes enough to convince me that
he is worth at least S. 900 above all his
engagements. He is as solvent as am-as
free and clear as | am. The mere numb Der
OF millions makes little difference when a
man can show surplus above his debts
like that. William X. Vanderbilt is as sol
vent as am. | had expected to find that
he had made some losses, and l vas sur
prsed at the result of my inquiry. / had no
idea that he had made so much money
81 thought that be was not che of the
breed If he had allowed himself to be C r.
nereI by those bears in Wall street. but he
can buy em all up-the men who started
the lies about his failure. He never 'squeals
rs they do, either, and he has never given
associated with him in some of his
operations. No, cut him loose among
the bears and he will take care OF
himself Why his grandfather left him
50 1000 900, and that he has now in his houses
See what he has now, and his grandfather
has been dead only about six years.
'Of course he has some Things which
would bring him "A loss if he was OBLIGED
to realize to-day, but he is not
Obliged to sell, and the bears cannot force
him to do so. But, even then. it
would only be giving back little of what
lie has made L do not apl'rove OF amy
member of my family dabblng in stock
speculation, but then that is another matter
| cannot say much about it in this case when
] see the results. My father used to say to
me. Billy. the men who take their per cent
interest will have all the money in time.
Ard [ remember that short time before his
death, when we were issuing some bonds, he
objected to making them twenty-year bonds
because the time would run around too
quickly
These stories about William X. are an
putrage-a damnable outrage. The bears
must be hard run when they have TO start
euch lies to help themselves Suppose he
bad been in business? Why the crCu-
lahon of such rumors might have hurt his