The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1894-01-19

fork statute authorizing any road to
issue its own stock in exchange for
that of any road ufidSf lease to it.
To benefit by this, they got Hold Of .
little fool road called the Buffalo,
Bradford 4 Pittsburgh" and leased the
great Erie to it. In the name OF this
road they issued Erie bonds for $2,OOO,-
600, payable to one Of themselves IS
trustee. Drew was then eH5oined by
Vanderbilt to return $4,000 Shares Of
Erie stock, and SO the war waged be-
tween these law-abiding thieves over
properties that should never Eaye come
under their control at all But tile
people were busy planting and building
and they did not know. VIII they
learn now?
Vanderbilt got another injunction
forbidding guarantee by Erie of the
bonds owned by any other road, but
his opponents also owned a judge, Bal-
com, of Binghamton, who got stay of
proceedings In Barnard's court Erie
bonds still came fresi: from the press
''for improvements, extensions end
steel rails" These were convertible
into stock at hot less than 72H.
StOCh up W SJsOoOsSNS Voo W III
ed and served their purpose as faro
chips Under this paper deluge Van
derbilt was submerged. Fifty thous-
and of these bogus stocks were fed to
his brokers, before they found out
there was nothing in them to stay
their st6maGhs.
Vanderbilt dropped $1,000, 900 alto
gether, but his victors were at last
obliged to take to the Jersey woods to
escape arrest, Drew carrying their
gains (s7, ,0oO, O0o) with him in carpet
bag.
At the time these stocks were being
| fed to the commodore's brokers, Jim
Fisk, Drew's pal, said: IF the printing
press don't break down, I'll be -
| If don't give the old hog all he wants
of Erie"
The .'eld hog" came to terms, bought
up Drew against the others, and con
| tinued to battle on their lines, biding
his time to bite back
Fisk was killed and Gould was
thrown out of the Erie presidency, af
ter practically wrecking the road. In
September, 1872, another corner In
Erie occurred, and in November of thai
year Gould was arrested on criminal
charges, and, to quiet matters, he dis
gorged. surrendering securities whose
face value was $1,000, 600.
| In May, 1875, d receiver was ap
pointed for Erie. 1t would take q book
as big as Banker Clews' to contain al
the exploits of Gould and his gang OF
imitators in railroad faro. and unless
| IL would teach the people that the
private railroad must go, it would be
time worse than wasted to print 1t.
1t will do no hurt, in closing, to 1ooh
over the little pile accumulated by the
great gambler, Gould, almost wholly
by his handling of railroad faro ehips
1t was rumored at one time, in Wal
street. that he was financially embar
rassed. Several gentlemen who had
dealings with him called and broached
the matter to the little black rat ei
Wall street." as his old friend, Josie
Mansfield, called him. He drew out oi
a tin box the following securities
Western Union, s23, 600, 900; Missouri
Pacific, s1a, 900, 600; New York Elevated
& Wabash preferred, s1O,O0O,O 600; Man
haitian Elevated, Sc, 600, 600; bonds o.
Metropolitan, 81, 100000. Total, s53,
600, 900. He then offered to show $50,
600, 900 more to convince them of hi.
financial standing, but his visitors lIad
seen enough and left in a state of cap
italistie coma. Every mothers son o
them knew that not one dollar of al
those millions stood for an hours hon
est toll. GEORGE L. WAsHBURN.
Boston Mass