The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1884-06-26

As soon as the announcement was made
a crowd Of friends visited the Commodorc's
Office. at No. Bowling Green, where he
was found prostrated from sickness and
old age, which greatly aggravated his tinan-
eial embarrassments lie said: after con-
snltation with my legal advisers, have
made up my mind to take this step, which
believe is for the best interests of myself
and my creditors. A temporary pressure
was brought to bear on me, and could SEQ
no other way out Of the difficulty than to
turn my property over to nm assignee" The
Commodore's friends say that he is really
unable to attend to business.
The assignee said: Owing to ill-hcalth.
the Commodore made mn assignment as the
best course No schedule Of assets aud La
bilities has yet been made. Until such
schedules are made. the only opinion to be
taken is that of his friends. who speak con-
fidently of large surplus after paying
every liability
MIR. Rockefeller. Of the Standard Oil
Company. said: IT il undoubtedly true
that the Messrs. Andrews arc involved in
Commodore Garrison's trouble, but no mat
ter what happens To them il can have no ct
feet on the Standard Oil Company. The
Messrs. Andrews are simply stockholders,
and can easily dispose Of their holdings il
they think necessary. Reports that officers
Of this company are in trouble are nnqnali-
fiedly false
Mr.. Melville c. Hay, counsel for Com
moaore Garrison, said: The Commodore
has been forced to make this assignment
because Of financial embarrassment, and
not for the purpose Of eyading any just
claims which might be made upon him.
Commodore Garrison Is deeply involved in
the Pittsburgh, Cleveland and Toledo Rail-
read. lie and w. G. Andrews Endorsed the
notes of the company. One note which
was protested was for $5O,0O0 and another
for $150,o00, both representing part OF
$500, 900 in paper which had been issued 10y
the total amount of the Commodore's liabil-
tiles is about IS zoo, 900"
Scion Humphreys stated that the assign
ment was made solely on account of the adj
vanced age of the Commodore, and that the
assets of the estate are millions more than
the liabilities.
Commodore Garrison has long been q
familiar figure to New Workers who in any
way were brought into connection with Wal
street. OF late years he has suffered from
stroke of paralysis, and he is best remem-
bered as a tall man, with sallow face and
a slow. unsteady step. He was born al
Fort Montgomery, N. y, March /, 1909
and the ruggedness of his constitution il
attested by his defiance, nj his age, Of the
effects Of paralysis.
He laid the foundation Of his fortune in st.
Louis, beginning his business life by steam.
boating on the Mississippi River, ut time
when the turbulent character Of the people
living along its banks often called for thu
display Of coumge on the part of captains
Of river steamboats,. William G. Ralstol
was clerk on the Convoy, the first boa
that the Commodore commanded, and {
friendship existed between the two men nj
to the unhappy death of Mr.. Ralston i
1875. Late in the 1ts Commodore CARR
son established Il banking house in Pana.
mn, interested himself in the steamship
lines which were carrying the West India
trade, and then went to San Francisco
as the representative of the Nicamguaf
line of steamers. In this position HI
| received S6o.oO0 year, and as agent o.
| several New York insurance companies hi
drew an income of $25.OOO. He was elected
Mayor of San Francisco six months afte
his arrival there. The Commodore was tn,
first cash subscriber for the exploration OF
route for the Pacific Railroad, and h.
became practically the sole owner Of wha
| is now known rs the Missouri Pacific Rail
road. He sold his interest in this corpora
ton to Jay Gould in 1879 for about - 900,
900. He removed to New York before tn
outbreak of the civil war. and in 1864 hi
son, William r., came here to end his lif'
| in the accident on the New Jersey Contra
Road, near Long Branch, in 1882.
Among the steamship enterprises witt
which Commodore Garrison was early as
sociated were the California line and line
to New Orleans, Savannah. and Brazil. an,
the United States aud Mexico Mail Line
lie was one of the original projectors Q
the Gilbert tnow known as tho Metropoli
TAM Elevated Railway, and was heavily III
terested in the New York Loan and Inn
proyement Company, which built that road
Among other enterprises in which he Gu
listed was the Wheeling and Lake Fri
| Railroad.