Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1888-06-07
THE VANDERBILT BOYS.
The Little Experiences They Had in wall
Street Once Upon Time.

The Yanderbilts are in truth tout Of
Wall street" says the New York
Graphic.
They have all had a little experience
there, however. and perhaps Cornelius
and William X, who are now at the
head OF the family, paid rather dearly
for the last lesson they legrned in the
street. II was a number of years be-
fore the death of their father William
II. Vanderbilt. He had been SO much
engrossed by his business matters that
his health failed him and he was COM
PEELED to run off for a rest Of a few
months in Europe.
During his absence the two young
men went deep into the market in Wall
street, and syndicate Of spectators
stan ted TO squeeze a big pile of money
out Of the two rich fellows. They sue
ceeded beyond their most sanguine
anticipations, aud in the course Of the
month the two Vanderbits found
probable ruin staring them in the face.
Their father heard of It Oh the other
side of the ocean, and he hurried back
to their relief. When he arrived he
found them up to their necks in stocks
that could not be unloaded and in losing
engagements that could not be cancelled.
1t cost the old gentleman, if street ru-
mors are anyway near correct, cou-
pie of millions to get the two brothers
out of their entanglements and then he
promptly banished the present William
X. to farm on Long Island and put
Cornelius on so small an allowance
that he could speculate no more.
When William H. had fixed up the
affairs of his two hopeful sons he was
told that Fred another Of the boys, was
also in financial straits. Mr.. Wander
biit had been annoyed by the action
of Cornelius and William X, for they
had been considered the steady and
staid menbers of the family, but the
announcement that Fred had been
swept into the whirlpool of improbable
speculation did not surprise the old
gentlemen. Fred, who is now a good
deal given to business and quiet ways,
was then just little inclined to be a
successful man-about-town, and the
father knew it. Still as the old gentle
man was in the settlement business,
he decided to get through with it, and
so he sent for Fred,
He was very stern, was William H.,
when his young son came IN and babe
| him good morning rolicking, care
| less, and atfectionate tone. But he
could not keep angry with Fred, for
| the Young fellow was his mother 5
image, and had inherited her lovabe,
amiable ways, and was not bit like
the other boys, who took their traits
from the sturdy old commodore,
II hear you've been dabbling in
! Wall-street speculations since | went
away Just MS your two elder brothers
have, said the father,
Eyes" answered Fred, Il have
been doing little in that line"
"Well, l suppose ! might as well
settle your losses now, as have done
those of your equally smart brothers.
| will have to do it, I am sure, sooner
or later. and | want TO do it now
"Don't worry about me, replied the
Young man. II don't need any help
Don't need any help!" cried Will
lam II. why, who viii pay your
losses if / don'tP Eh?n
II haven't any losses murmured
| Fred, Swectly. "tor as soon as l touhd
Willie and Cornell were on one side OF
the market in the speculations | just
climbed in on the other side, and | tell
you / gathered them IN at a great rate,
Some of the money you checked out
this morning to cover their losses viii
90 to increase my own bank account,
am much obliged to you for your Of
fer. but YOU see got the bulge on you
two sons whom You esteemed paragons
of business
And then Fred laughed glccfully; Sc
did William H.. himself, and then Fred
went away, notwithstanding his win.
nings, with added gains from his fa
Tiers check-book The YandorbiltS
have not been in Wal-srreet opera.
ton since.