New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-12-09

many years of service He could not be induced 10 e.
poy stenogapher permit others to dictate letere
for Under such and as he was uuae
cusomed systematic office work. tmay be readily seoq
that few hours which be wont b give to BIZ
office during his active career, coupled with the re-
sponsibity placed upon him at all times by his groae
holdings OF securities, whose values depended upon the
feeling Wall Street. could seriously affect hts health
and il viewed by his friends act of wisdon1
when he laid down entirely his Of his sys
TEN railroads and sought persstentiy than ever
for a cure of his physical ailments
Mr.. vdnderblts attitude toward Wall Street was an
ambiguous one. Following the example Of his father
who professed to forswear the after his disas
rcus tilt with Daniel Drew AMI his Eric printing press
he always condemned speculation In railway stocks IN
the strongest terms and protested that he never eher
purchased sold for speculative purposes,
He frequently stated for the public prints that he
never bought any stocks bur those Of his own companes
and bought those unless for investment 10 sus
tain their price against sinking market In such ca@es
nc said he would deem himself justified IT, after sustain
ing restoring values he should place his purchases
again on the market at fair profit. hrsl-rato
buyer but poor SELLER favorite expression with
him, and he dill not hesitate to say that
he had never bought stock for speculation
sold short in his life. He drew rigid lima
between himself aud Of operators ia securities
Once before Senate committee investigating the ques-
ton OF corners" In commercial matters he said he
moral "They have bal tendency on young men, ha
added "they dieness aud desire 10 get inOay
easily. / bought a stock in my life that
did not put mp margin OF 20 per cent;
but hundreds aud thousands of men in
Wall street. who never pat up cent. I'm Ike the man
who goes TO the tailor; expect to pay for my own
clothes and for the c thcs Of all vino dont pay sti!
he admitted that lie hated bear of any Kind, and
believed IN man sustaining the properties no had pis
his money into
BIs B2NEFAcuoYs.
Mr. Vanderbilt gave large sums In charity. He
unostontaious in his OF giving, however, ami
his largest benefacons were bestowed In such
a way that few ever heard of tlem His great gift 70
the city Of 0bes which stanis in the Central
Park the rising ground IN front OF the Metropolitan
Museum OF Art transported over 5000
miles and set up on Its pedestal
before the general public we're let into the that
the OF the removal borae privately by Me- Van
derblt. This monoith one of pair erected orig
inay by Thothmes Ill about 1900 years before the
Christian IN front OF a temple in HeiOpOis. Egype
Under Augustus Caesar they were carried TO Alexanira
and placed In front OF the CRsareun Ima Pscha pre-.
scented the obeisk which had to be known Cleo
patra's NEEDLE 10 tue United states Government but
Congress made no for cost Of bringing
10 here. Colonel .teDbus and other friends Of Mr. VAN
derbt suggested him that the relic OF anceIt Egyp-
tau civilization gut be secure for SewYOrk City *
lie would undertake pay for the transportation aud
erect OH. Lieutenant, Comm ,nder GJrriage, OF the
United states Navy, had plan for taking
down the gigantic =. monument aud trans.
porting II with greater expedition and
at much smaller than had aten led the removal
similar mOnolths from Egypt,to Paris and London,
and Mr. Vanderbilt closed a contract with him to plaza
the Obelisk IN Central Park Mr.. GOrringe accom-
psned engineering feat but the cost exceeded
the contract price aud $4,000. The entire sum
advanced 10y Mr. Vanderbilt Sl03, 1872, but pirtof
this was recovered from the sale OF the steamship
In which ODelisk transported across the ocean,
The cerenony Of presentation to the city took place
on Washingtons Birthday, ISL. ut the Metropolitan
Museum OF Art and william VI. Evarts Cnen Secretary
OF STATED delivered the Grafton The American NUNS
matte aud Archaeological society mad medals struck
In cOnmenoratlOn OF the event, OF which the nrsS
in sver-wls given to Nj. Vanderbilt One nun
bred medals, white metal presented 10 as many
boys the public schools Who participated ia the
exercises.
some OF Mr. Vanderbilt's smaller beEetactons were
extended through the Rev. Dr. Charles F. Deems, who
had friend and spirtut counsellor Of the Conf
modorc aad who was remembered ia tae COnm) lore's
vii. largely through the arguments OF DIR, Deems
that the Commodore was led to found Van-
derOiIt University in Nashville and endOw &c
! with a million dollars, and his representations es
various times of needs OF that institution
to william H. directed OF the latters h1crahty in
| the same direction. In 1850 Mr. Vanderbilt gave
100000 for the construction Of rleOiO gicA Hall 10 tao
University. The hall de Heated On May ), 1851,
the sixtieth anni"ersIry Of Mr. YinlerblCs birth AZ
time DR.. Deems having interested himself IN the
. establishment OF "A deptrtn mt 81 eIs ncorins the
trustees asked hin TO nominate ,he professor
10 NIL il. DR.. Deems IN the name OF
Oun II. Lambeth, aud he appointed
MI Vanderbilt learning that the department was poorly
equipped took upon him,el. tie cost Of the apparatus
other gifts yarou, times raised is conrlDu ions 70
Vanderbilt University TO over S2OOo0J.
In January 1851 he contributed $4,000 TO the Deems
fund Of the University 81 Norm Carolina In his youth
Dr. hioI the chair of logic of the universally and
It was while living 1T the seat Ut the university
/ that MS children were born. His son Theodore.
80 had been graduated from the university. was
killed at the battle q: Gcttysburs. Dr. Deems a.
memorial to his be 70 send yearly sum 20 ths
university TO he loaned 10 INDECENT studcs. The sums
we're small and had sent IN about 9Gu0 when cue dAV
Nr. Vanderbilt sent Tor Ia. Deem, aHd asked AIm 10
oJk great pile Ot papers rct"rsin- TO charities
Considerable labor wa, Involved pr1crss
il hdd been performed the t~O mcu tell 10 de u 'hS
methods OF gpn; hep 70 o"r yOhns men VINO wished 70
similar 10 tuat which tho ate William h 0!-e ctTled
out un a p.Hccly scale. Ile pan pleased Mr. Wander
5il. and he said: like the scheme and VIII give You
$4,000 foc your fuild" WITHIN two Yeas over my
students were helped hroi-h the universal, VITA ths
assistance this clft. lie also generous con
uihutor 10 tue University u Virginia. .
rne debt Incurred b the Church oi st. Bartholomew in
the construction o. its new edIee ~ MI'spn a. C. oi
hy Mr. Wand, rhl.t untnhUuus about 100000 to"art
mat end. Ia his distribution oE smaller gIs TO needy
rr.ou, charitable uplccs he 1T tunes generous
and AT other frugal but never iudScruinair IL
wa, long OF surprise to his friends lh@t he
never took step u carry out the pamthrI ic proecs
concc we'd hy the Commodore IN hs sgkuesst iu1nd-
lug of a hospital tie o! the employees of his rail-
AavS There doubt that bad he lived the CominyDre
ia haVs reared such hospital oI grcaf scale, anu
there t" dOnbt that left for the son {" put nto
execution. 1t much llacd OF after The Death OF ths
Commodore bat 10 enled in TAX
ON o. top'r IL l-SI Mr.. Vanderbilt gave 10 the COT
lege of Pnysicl, IN the city az NeS YORK
hf "a million dollars fOT the purchase OF real estate and
the erection OF hudas TO enable tue insttt Ton moro
successfully 10 fulfil the purposes for which IL Ma
founded
An instancs or Mr.. vaudcrhrs generosity which was
observed by the whole world connected with tue is-
fortunes that overwhelmed Gen, RAJ hIIni. IL Noy'
lNsI uSt before tho failure III Grant " ward,
Ferdinand Waid prevailed upon General Grant 70
borrow ~ 30 900 from MI Vanderbilt on the plea NAT
he money was needed 10 tide the affairs OL Grant
4 Ward. General Grant exchanges cheeks toE 'lo
amount mentioned with Mr Wander bit Oh ; lhday.
but the firm went under General Grant ihmtfld ey
went to Mr. Vanderbilt and offered 10 make goOi the M
d,tcdurss SO far possblo ansfcrflpg 10 nlm an
tbe rp,l estate owned by him, but Mr. anieFplt 10
clned to receive u. for INC sdAc VI VI i Sn'