New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-07

than fifty years. He admitted 70 the bar,
went to Iowa and there. through arousing the In
tert OF Eastern capitalists ne became the pioneer
in developing Investments in farms upon large
scale. He the principal originator OF the
system OF crdng money In large amounts on West
ern farms. Mr.. Corb.n began early TO reach
out" and so he founded the First National Bank
OF Davenport. Iowa. adjunct TO his other In
terests.
Finding It necessary 70 have his headquarters at
the very centre % capital. Mr.. Corbln came TO
this city In 1861 and started the Corbin Banking
and other companies No 81 Broadway, removing
subsequently to NO. ll5 Broadway. ana ultimately
into the new Corbln Building. at No 1872 Broadway.
HIS FIRST RAILROAD INTERESTS.
Mr.. corb.n's career A railroad man began in
is77. when he built the narrow-gauge road from Bay
Ridge and Greenpoint 10 Manhattan Beach known
as the Manhattan Beach Railroad The open cars
used were the which had been built for the cir
cular railway a. the Centennial Exposition In
Philadelphia They were novelty and took the
public fancy FOR warm weather riding. They were
regarded great improvement upon the SLOW
going horsecars In 1851 Mr.. corb!n bought the
control OF the Long Island Railroad. which had been
owned by the Poppenhausens and then by Oliver
Charlck had gone into the hands OF receiver, ana
was In a deplorabic condition as TO rolling-stock
and roadbed Tho South Side. the Moniauk ana
the Fluahlng railroads all taken In AT that
time under the one ownership. Mr. Corbin became
president and receiver Of the road. his predecessor
a. receiver having been Thomas i. Sharpe. rep
resentinr the Drcxel. Morgan q co. interest.
Mr. Corbin once lent the road $1,000" ana thls
established a credit which resulted in the purchase
OF new rolling stock and In other improvements
The SUCCESS OF the new management appeared IN
to TACT that one year and tn months aher II
,.,k control the company began paying dividends
and has kept up ever since. Long Island mas be'h
Transformed within nfeen years uhleI we III
iuoncc ~ the new Long Island Railroad. houses
IA Id
l.enrn. Incorporated villages Will" to fatchogHe,
Babylon oyster Bay and Ike outlying points II mas
ie.nrn. necessary 10 run trains nearly every hoHT
Tho change IA the residential parts OF the ISLAND
Is part GUAR noil,'anIo w" ~ xysr,rin be
tween East New-York and the vii age OF Jamaica,
while in lsNG there were only seven houses ongrr AZ
Island shall be opened; deFcopn.h' ~ y, ,ra
20 follow FOR the north side ePual 10 th"t VI inc
south side OF the Island
EXTENDING THE LINES.
Within n few years. branches of the Long Island
Railroad have been extended from Port Jefferson
TO Wadlng River. from Mlneola to Garden CITY
and south 10 Valley Stream from Bridechampton
TO Amagansett and. only this last December. to
Fort Pond. near Montauk Point Large new sta
ions a. Long Island CITY and Brooklyn have ben
built and all APPOINTMENTS OF first class railroad
have been gradually introduced. INCLUDING the pl0cK
systcrn on the Manhattan Beach division and be-
tween Lone Island cry and Jamaica Express, CAP
and coach services have been put on a. adJuncts
An indication OF the growth OF THIS railroad ser,
vice and incidentally OF the population OF me isahd
appears In the fact that in ls there were 3% niiS
OF The road with earnings Of 81 Sg993. while for the
year ending Jun. 30 1875. there were 80 miles OF
road with earnings Of siol+ols giving surplus OF
s-Ol l-3 while I'm ISL there was dencit OF sl5bNf
Mr.. Corhin. # is understood. regards his Long
Island interests only part OF the Held 10 when
lie dcvotes his abundant energies His other inter
oss I'm fact are much larger than the pubic gener-
ally supposcs 1t will be recalled that within Few
Years he has been president Of the Philadelphia and
Reading Railroad Company, and the Philadelphia
and Heading coal and Iron Company and presi-
dent OF the New England Railroad Company As
president Of the Reading he persisted successfully
In his stand against ;hc strikers on the ROAD MI
Corbn IL now deeply interested in the transat'antc
steamship line projected by him 10 run from Fort
Pond Bay al the extreme end of Long Island