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Updated: May 23, 2025
Depew, the world has always gone around, it always will go around." He managed with the aid of Commodore Vanderbilt to save his assets from sacrifice. In a few years they recovered normal value, and Mr. Schell with his fortune intact found "the world had gone around" and he was on top again. I have often felt the inspiration of Mr.
They collectively paid Vanderbilt $2,500,000 in cash, $1,250,000 in securities for fifty thousand Erie shares, and another million dollars for the privilege of calling upon him for the remaining fifty thousand shares at any time within four months. Although this settlement left Vanderbilt out of pocket to the extent of almost two million dollars, he consented to abandon his suits.
Ambrose Snow, a well-known shipping merchant, testified that "when we got to Commodore Vanderbilt we were referred to Mr. Southard; when we went to Mr. Other shipping merchants corroborated this testimony. The methods and extent of these great frauds were clear. In giving his testimony Vanderbilt sought to show that he was actuated by the most patriotic motives.
"Oh, don't you worry about Young Har; 'e won't bother us to-night; 'e's off Long Island way to try his newest 'igh-power racing car 'e's driving in the Vanderbilt Cup Race next month. To-night 'e expects to do eighty miles or so, and 'opes to sleep at one of 'is clubs. I say 'e 'opes an' expects so to do!" "Yes," nodded Mr. Stevens, "certainly, but what do you mean?" "Sir," sighed Mr.
But it was a qualified franchise. It reserved certain nominal restrictions in behalf of the people by inserting the right of the city to order the removal of the tracks at any time that they became an obstruction. These terms were objectionable to Vanderbilt; a perpetual franchise could be capitalized for far more than a limited or qualified one. A perpetual franchise was what he wanted.
J. Macdonnell, at Eden, saw a "shadowy nebulous ring" surround the whole disc when ingress was two-thirds accomplished; Mr. Tornaghi, at Goulburn, perceived a halo, entire and unmistakable, at half egress. Similar observations were made at Sydney, and were renewed in 1882 by Lescarbault at Orgères, by Metzger in Java, and by Barnard at Vanderbilt University.
Cornelius Vanderbilt was the name of this notable youth, the same Cornelius Vanderbilt who has since built a hundred steamboats, who has since made a present to his country of a steamship of five thousand tons' burden, who has since bought lines of railroad, and who reported his income to the tax commissioners, last year at something near three quarters of a million.
But it was obvious that he was in collusion with Southard, and received the greater part of the plunder. On some of the vessels chartered by Vanderbilt, vessels that under the immigration act would not have been allowed to carry more than three hundred passengers, not less than nine hundred and fifty soldiers were packed.
The boatmen caught at this, as a drowning man catches at a straw, and put in bids at rates preposterously low, all except Cornelius Vanderbilt. "Why don't you send in a bid?" asked his father. "Of what use would it be?" replied the son. "They are offering to do the work at half-price. It can't be done at such rates." "Well," added the father, "it can do no harm to try for it."
Ineffectually did Vanderbilt bribe the legislators to defeat it; as fast as they took and kept his money, Gould debauched them with greater sums. One Senator in particular, as we have seen, accepted $75,000 from Vanderbilt, and $100,000 from Gould, and pocketed both amounts. A brisk scandal naturally ensued.
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