New-York tribune., 1905-12-30

yesterday.
the Waldorf.
When he arrived from the steamer Mr.. Yerkes
had cold. and he summoned DR.. Henry P. Loouis,
of No. IS East 34th-st-. who continued to attend
him. His health varied. but there constant
weakening of his vitality. Powerful stimulants to
heart action were given in the last few days but only
as a means of prolongng life. Kidney trouble and
heart disease assigned as the cause OF death-
The absence of Mrs. Yerkes from the sickroom
of her husband invited attention TO the fact that
there was an estrangement between them. AT Mrs
Yerkes's home No. s64 5tl-ave yesterday morning
a message purportng to come from Mrs Yerkes
was given out. saying that Mrs. Yerkes had not
been at the Waldorf-Astoria since Mr.. Yerkess
Illness that she did not intend to go there' tnat
she was not indisposed, and that she refuseo TO
discuss her reasons for her action
Despite this positive declaration, when tele-
phone message from the son, Charles t. 4erkes
jr about o'clock reached Mrs. Herkes telling her
that her husband was nearing the emu she oroNe
hurriedly to the Waldorf arriving only ABOUT
ten minutes before Mr.. Yerkes's death. She re-
turned shortly afterward to the eth-ave mouse. ana
at 10 o'clock last night the body OF her huspaho
was taken to the place The funeral ar
rangements have not been announced, but 1t Is
! understood that the burial will be in Greenwooo
Cemetery. where Mr.. Yerkes had mausoleum'
At the office of speyer Co. great grief was ex-
pressed at the death of Mr.. Yerkes. particularly
sad at time when his work in connection with
the London underground road was rapidly ap-
preaching completion and important portions OF u
were being put in operation. MI ferkes ralhng
health had warned him and the bankers associated
with the enterprise that arrangements should be
made for relieving him OF portion of his woTk or
for completing and carrying it on IN case or ms
death. These arrang gements have been perfected II
said. and will be announced at the proper time
Charles Tyson Yerkes the street railway f1nan-
cier and builder of London's subway, was born in
Philadelphia June %. 1887. His parents were
Quakers and he was brought up in their faith
Unlike many other members Of the sect. he did
not adopt the straight coat. broad brimmed hat
and retiring of the earlier times. He re-
ceived his education the Quaker school and the
Central High School in Philadelphia.
In early life he a young man of marked
activity always desiring to be at the front whether
it was mischief at school in q money making
project. After leaving school he became clerk IN
the flour and grain commission and torWardlns
house Of James P. Perot & Bro. In those days
II was great privilege TO be permitted to enter a
first class house to learn the business and he con-
sequently had salary. However, on account Of
his close attention he received $50 at the end Of the
year. In 1859. although hardly more than a boy,
he started a stockholders Office in Philadelphia,
and in three years was so prosperous to be
able to purchase a banking house and establish
himself a banker
The negotiation Of first class bonds his spe-
cialitv This was in the Civil War, and govern
IL,
The high premium for gold made city bonds sell
low owing TO the fact that the interest was paid
in currency. However, Mr.. Yerkes conceived a
scheme to raise the price from s5 cents TO par,
which was carried into successful effect. and the
city was able TO raise money to pay bountes to the
soldiers and for park purchases which were being
made. At time of the Chicago fire he was
prominent in Philadelphia He had made money
rapidly. and was feeling that he might begin 10
take life more easy.
The panic occasioned by the fire in Chicago
caught him carrying large load Of securities. He
was in debt to the city for bonds sold for it, it
being the custom to make the payment at the end
of every month. The fact that the law did not
provide for his having possession of the citys
money was tortured into criminal offence, and
as refused to give the city preference over his
other creditors severe measures were resorted to
to compel him to do so.
In 1878 at the time of the Jay Cooke failure, he
began the recuperation of his fortune. Two years
later he purchased interest in the Continental
Passenger Railway of Philadelphia. and the
value of the stock rise from SIS share 70 more
than 800 In 1880 he made his first visit to Chi
cago At that time gold coming from Europe
in almost every steamer which arrived at New
York yet money a TsS hot easy on mere wes4 pynci
paiiy to Chicago, Mr.. Yerkes went into the North
associafeg assoc 1sH He Built business blocks dealt heavily
in acre property and organized the first fair held
a. Then. selling cut most of his Dakota interests.
he went IT to ISL Sh'fEG s 2Ra s opere in naa
with his house in Philadelphia. In 1885. after as
sociating with himself some Chica go capitalists
and a few of his old friends in Philadelphia. he
took possession of the North Chicago City Rail-
way Company. The company Wa completely re-
organized Two years later he closed negotiations
Railway Company4s stock Mr.. Yerkes sold out
at a great profit finally to syndicate, OF which
many members are New Workers.
Having severed his connection with his Chicago
interests Mr.. Yerkes went TO England After
MANY months of negotiations he formally acquired
control of the Charing Cross, E1ston and E1amp-
FTead Railway which il is said, he paid 10000
for the rights and title 10 seven miles of under
ground electric railway. This deal was effected on
Remember Is 1909 The transfer OF the franchise
made Mr. Yerkes proprietor OF the companys au-
tboTized capital of 0OO His first act con-
troIler of the shares formally TO elect himself
chairman Of the company He had no sooner be-
come owner or the valuable franchise than two
hauLine houses offered buy his rights Mr..
Yerles mace il known that Re had not gone TO
Tondon 10 speculate in railway charters. but to
buiId railway, and therefore he had nothing TO
sell ,s, -. -.
6ebt for the control Of the London subways- Nr.
British ana American fnanciers to get control OF
fhe london Underground Railway. 4 large pro-
norton of the capital came from the United States
After a long fight he finally won his big struggle
with J. PieTpont Morgan for the control OF Lon
don's subways. This battle involved seventy miles
of underground road. requiring capital or SlIo,-
O0OOp0 With this large deal put through, MT
Yerkes virtually controlled all OF the subway rights
of London. In the last few years Mr.. Yerkes had
spent most of his time in England
Ia ISL he married Miss Mary Adelaide Moore