Cameron County press. [volume] (Emporium, Cameron County, Pa.) 1866-1922, 1899-11-02
VANDERBILT'S MILLIONS.
Concessions Made by the Principal
Heir Alone Ayerted N Contest of the
Late KaiIWay Kings VIII.

New York, Oct. 2S.-The Tribune
says: The provisions of the will of
Cornelius Vanderbilt have excited in
tense interest. 1T appears that this
settlement alone prevented a contest
that might have resulted in one Of the
greatest and costliest will litigations
ever known. Cornelius Vanderbilt,
lr., when he learned the provisions of
his fathers will, placed his interests
in the hands of his counsel, Carter &
Ledyard They conducted negotia-
tions with Henry Il. Anderson, the
attorney of Alfred &. Vanderbilt.
While none of those interested will say
inst what was done, enough has been
admitted to indicate that had Alfred
not made the concessions mentioned,
litigation would have followed. Cor
nclius Vanderbilt was at the Grand
Central station Yesterday. Alfred was
at Newport. When Cornelius was seen
he dismissed the subject by saying:
''Whatever arrangements may have
been made were effected through my
attorneys, Carter &, Ledyard. | have
no comment to make upon the settle
mcnt. 1t was family arrangement
and not y gift"
1t is learned from trustworthy
source Yesterday that Cornelius Van
derbilt, ir.. is much disappointed by
his fathers will and the attitude in
which he has been placed by his broth
er's handsome concession, and that he
will withdraw from any further par
ticipation in the affairs of the Wander
bilt property. Cornelius Vanderbilt,
ir.. is described by those who know
him intimately as reticent young
man. He took his disagreement with
his father much to heart, and after
his marriage tried in every way to
overcome the difficulty.
He entered the Office of the superin-
tendent of motive power OF the New
York Central and went to work to
prove his merit. He worked early and
late. lie never asked more than any
other employe. He did everything
he could to prove to his father his
serious intentions. He never com
plained and never allowed an opportu-
nifty to pass without trying to secure
a re-estahiishment of the former cor
dial relations between himself and
father. 1t is said further that he
hoped and believed he would succeed
in gaining his fathers favor. The
two men did not discuss the subject,
but for hours father and son talked
cordially. at the breakers in Newport
and also in this city The Young son
of Cornelius, ir.. was often taken to
the Breakers, and Mr.. Vanderbilt man.
ifcsted keen enjoyment in seeing his
grandson.
It is said that in the light Of these
talks and the fondness displayed by
his father for the baby. Cornelius, jr.,
believed he had regained bis fathers
favor, and would share at least equally
with Alfred. should he not be the chief
heir. When he learned the provisions
of the will he was much disconnected.
II was said yesterday that he would
soon retire from the place in the New
York Central office and that he would
never attempt to have voice either in
the family councils or in the manage
ment OF the enormous Vanderbilt prop
erty. His plan. it was added, was 10
90 into the banking business as u
partner of his father-in-law, r. T.
Wilson.