Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1896-06-11
A RUNAWAY TEAM.
Causes the Death OF Austin Corbin, the
~ Well-knOwn Einancier.


Causes the Death OF Austin Corbin. the
Well-knOwn Financier.
Newport, n. H., June 5.-Mr. Austin
Corbin and his grandson Corbin Edgell,
with DR.. Paul Kunzier and scoachman
John Stokes started @ons a3fshingsst
about three o'clock Thursday:afternoo
On going out of the yard at the farm
house, the horses SHE'D, tipping over the
open carriage, throwing the occupants
down an embankment about eight feeS
against stone wall. The family saw
the accident from the piazza and hur-
ried to their assistance with the farm
help. They found Mr.. Corbin conscious
but terribly wounded. His nephew and
the doctor were also conscious. The
coacEman was unconscious and appar-
emily hurt the worst Of all. They were
carried to the house and doctors sum-
mOned.F ~ = : ~ ~ - IL %sfE D.
Mr.. Corbin's injuries were very seri-
Gus, a compound fracture of the right
leg above the knee, u fearful scalp
woundsover four inches long on the
forehead, cut through to the skull; one
on the right side of the head three
inches long and the hip and chin cut
badly. ,''''s'''-'' ''e'-. '''sa,,s,ae
=. DIR. Kunzier was thrown over the wall
and sustained a broken arm and
sprained ankle, so far as known, and
Corbin Edgell has his leg twice broken
between the knee and ankle. y 49,.
John Stokes right leg was broken
between the knee and ankle, an dhe sus-
tanned fractured skull. Stokes died
from his injuries Il bout six o'clock with
out regaining consciousness. y
The cause of the horses shying is said
to be from the fact that the coachman
was driving them for the first time with
out binders: ~ ~ w.. " D. i'a
Mr.. Corbin died at e:42 Thursday
evening, shortly after the arrival of DR..
Cilley from Boston. His son, Austin
Corbin, Jr., arrived on special train
form Boston about IL o'clock, but too
late to see his father alive. All the other
members of the family with the excep-
ton of his son-in-law, Mr.. George S.
Edgell, who is in the west, were present
when he breathed his last.
[Mr. Corb1n was born July II. 1877. near
Newport, N. H.. of an old New England an
cestry. His ia Their, a farmer, was many
of that state. Mr.. Corbin received his
early education in the schools Of his native
state. He afterward studied law with
Chief Justice Gushing, of New Hampshire.
and Gov. Metcalf. of Rhode Island. and
finished the course at the Harvard law
school, where he received his degree in
1S4e. He practiccd while at home, but in
1851 removed to Davenport Ia, where he
remained until 1861 Though successful as
a LAWYER Mr.. Corbin did not practice long.
He became partner In 1854 OF the banking
firm of Macklot g. Corbin. which was the
only concern of the kind in Davenport
which did not suspend payment in the
financial panic of 1851 ..
Upon the passage Of the national bank
ing and currency act of 1863 Mr.. Corbin.
though located far distant from the finan-
cial centers of the country, was among
the first, to apply for a charter under that
act. He organized and became the presi-
dent Of the First national bank of Daven-
port, which opened its doors for business
June 20, :1S63-the first in the country, the
second being the First national bank of
Philadelphia, which commenced business
two days afterward, on July l. The bank
was successful, and Mr.. Corbin was enabled
in 1865 to come to New York with a con-
siderable fortune. Here he founded the
Corbin Banking company and acquired in
terest after interest until he became one
of the leading efinanciers of the commu-
nifty. He had in the meantime become q
still larger lender of money upon Iowa
farms, not only on his own account but for
moneyed institutions and Individual in
vestOrs in New York and New England,
the business having so grown as to engross
almost his whole attention. 1t grew in
volume and rapidly extended over the
states. Of: Minnesota, Nebraska. Kansas
and Oregon, and the territories of Dakota,
mr. sd JJeeI
the whole west and south.
Not content with the personal MANAGE
ment of the details Of this vast business
he soon turned his attention to railroad
affairs. His first experience in this direc-
ton Of any consequence grew from the
care OF large investments in the securities
of the Indianapolis, Bloomington g. Western
Railroad company, which he successfully
reorganized in the interest of the bond
holders Of all classes. Afterward he be-
came actively interested in various rail-
road enterprises, but it was his counec-
ton with the Long Island railroad that
brought him most prominently before the
public as railroad manager and fnancier.
He bought into the control of the propertv
in December, 1885, January l, 1881, he went
into possession as receiver and president Of,
the corporation. r--- t..-.
Within the space of eight months revo-
luton was wrought. From condition
which made 1t the laughing-stock of rail-
road men it became Thoroughly equipped
and completed system. with numerous
branches reaching every part of the island.
and one OF the most reliable paying prop
critics in the state. AS in the case of the
indianapolis, Bloomington & Western
railroad, he was virtually forced into Read
ing in 1895. He was looked upon as the only
man who could save the company. On
January !. 1883. he presented the property
to the stockholders not only in solvent
condition, but with a largely increased and
rapidly increasing revenue.
Undersells American Sugar.
Washington, June Al. B. German,
United States cOEsul at Matamoras