The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1884-10-23
WILLIAM H. VANDERBILT.
A Visit to Wall Street-Reports as to His
Financial Condition..
New York Special,


New York Special,
Mr.. w. II. Vanderbilt visited Wall street this
afternoon. Tie report that Mr.. Vanderbilt had
visited the street spread like wlldire notwith-
Standing every effort to keep it quiet 1t was
his first visit in three wears and all sorts of ru-
mors were ahoat. Many portended ruinous re-
suits. Not few went so far as TO say that Mr.
Vanderbllt's frightful losses of late had drained
his store of ready cash and that this visit for
the purpose of negotiating the sale of $40 O00 600
more of government bonds. Mr.. Vanderbilt
was engaged in earnest conversation with his
broker for fully half hour He then walked
quietly through the corridor and down the iron
steps The door Of his cab swung open, and
Mr.. Vanderbilt sprang nimbly in, the door was
shut with bang and he rolled rapidly towards
William street, up which he was driven, and
was soon out of sight. .a
Mr. Washington e. Conner said that he had
heard that certain parties interested in West
Shore had been manipulating Lake Shore in an
effort to secure control of the stock and thus
make West Shore an equal with New FORK Cen
trail. Mr.. Conner, however declined to say who
the West Shore bakers were.
Mr. Vanderbilt cannot take care of Lake
Shore any longer" said well-known broker.
He is up to his eyes in trouble with the fright
full shrinkage of his New York Central, and
sooner or later he must let go his hold Lake
Shore There are too many against him. Even
if the Lake Shore concluded to issue $l5, 900, 900
in debenture bonds that would uot save it. 1t
would perhaps tide the road over for a short
time but the downfall would only be prolonged.
Why, he has lost $40 100000 in the stock IN the
last week. and dozen Vanderbflts could not
stand that very long
Many reports are in circulation as to Mr. Van
derbilts real financial condition, Some do not
hesitate to say, after careful computation. that
he has lost since January, through the shrink
age of his stock and the speculatioDs of his sons,
William K and young Cornell, fully $50, 600. 900.
One thoroughly acquainted with his affairs said
this evening ut was only few weeks ago that
Dir. Vanderbilt ordered F. p. Freeman & Co to
sell for him $40, 900. 900 of his government bonds.
This sum was swallowed up in his efforts to sus-
tain the New York Central Now the Lake
Shore has struck him, and tell you he can't
stand the pressure" h.,
A short time ago, while at dinner with
friend, Mr.. Vanderbilt said that he believed
himself to be worth in the neighborhood of
$l95, 900, 000 Of this, 500 600 900 were in gov
eminent bonds $25 900, 900 of which he has since
been compelled to part with. March l. there
were standing in NJ, Vauderbilt's name 100000
shares of Michigan Central, 100000 shares of the
common stock Of the Chicago a. Northwestern,
so 900 shares of the preferred stock, 200, 900
Lake Shore, 1900 shares New York Central.
$4,000 shares Chicago G. Rock Island, 20, 600
shares Delaware & Western. and many other
securities including Oregon Transcontinental
and Wabash-in all $50, $40 shares of stock.
Some of these shares have since declined so per
cent and many in the street to-day believed
that Mr.. Vanderbilt had become so dazed by his
severe losses that could he extrcate himself
from his present middle he would gladly leave
the street forever,