New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-04-13
THE OLD DANIEL DREU MITSION SOLD.
ZIG BUSINESS BUILDING To DE- ERECTED IN
ITS PLACE.

The Old Daniel Drew mansion at the sonhwes
corner of Seventecntlst. and Union square West
sold yesterday To Never Kahn. retired manu-
act,rcg. who lives AZ No. 20 East Eigh,icthst. The
building IS Of lr0Wn.tOnc ana Is five scrc, high 1t
covers u plot OF ground $40 feet by 100 feet. In
addition 10 This there va, sold to the SAM person
let -, feet by 81 feet in Scvcntccnthst. adjoining
the Drew property on it stands IN apartment build
Ing. The whole sold hy the heirs of the Drew
estate for about 100000.
Wien the leases Npirc the latest two years hence
Mr.. Kahn will build OIL the site handsome freprooi
store and oilcc building, which Will COS, not far from
100000. If the leases can BE- purchased building
operations will icgin sooner
Daniel Drew Of the most picturesque
figures over seen in Wall rect. lie made his frs,
money as dealer in cattle at the old EulFS Head
tavern in this city and he never able in his
later days TO the habit, of negligence in
dress which he acquired II; that time. Ii was from
hi, repuci business methods in the cattle business
that "tnclc Danny" gave origin 10 thu term "stoci
watering" which has had such significance in the
railroad world. He is said to have fed the cattle
he had for sale with liberal doses OF salt, thereby
creating thirst which gratif'd ONLY by cgious
d!auglt, of water that helped 10 Increase th" weight
Of The beasts when they were sold. And il WAS In
the Erie rad thu: Mr. Drew proved his ability to
rcpfCiuce the hicks OF cattle dealer in railway
aGemcnt.
The story Of Eric is almost incxhaustiJlc, ana
while treasurer and managing director Of that
company that Drew made most Of lis money I'm
Wall street He had many severe speculative contests
with Commodore Vanderbilt, ard at one time almost
succeeded in running the founder C the wealth OF The
Nander III family. Drew was badly hurt by thu
CommOdorrs successful manipulation Of ia;lcm Rail
road stock hut Ia" secured his revenge in 1o6s.
Commodore Vanderbilt made desperate effort 10
secure the cOntr.l OF Erie, but The printing press.
managed by Drew. poured cut fresh Issues OF stock
which finally overwhelmed the l;s. lut Drew was
later punished severely III Erie ~ his pupils. Jim
Fisk and Jay Gould. and the panic Of l-73 finished
hi, career and left him. few years later formally
adjudged TO be bankrupt.
For many years Mr.. Drew lived the west side
OF Union square. where TIE park was rs late ~
locS. surrounded by iron railing. Many stories
told OF his illitcracy one OF the most amusing 81
which relates his attempt TO have hi, safe opened
lv the usn Of th,. combination word school" IT.
look keeper is said To have worked long and m.
aNaiingy until he discovered that the style In which
"l'nClc Daniel" spelled the magic word was Sknlr.
Drew was extremely religious. and - built tit Drew
Theological seminary AT Madison y. j.. nj II cost
OF 100000. endoving II with a similar amount.
The endowment given In Drcw'S note" and while
the interest paid promptly his failure made tl'
notes worthless. The noted Spectator died In l-'"
at the HON" OF Ms son, William II. Drew, AT No )
East Forty second ST.