Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
Drew, like Vanderbilt, an Example of Great Success 117
without Education.—Controlled more Ready Cash than
any man in America.—Drew goes Down as Gould
Rises.-“His Touch is Death.”—Prediction of Drew’s
Fall.—His Thirteen Millions Vanish.—How he caught the
Operators in “Oshkosh” by the Handkerchief Trick.—The
Beginning of “Uncle Daniel’s” Troubles.—The
Convertible Bond Trick.—The “Corner” of
1866.—Millions Lost and Won in a Day.—Interesting
Anecdote of the Youth who Speculated outside the
Pool, and was Fed by Drew’s Brokers
CHAPTER XV.
DREW AND VANDERBILT.
Vanderbilt Essays to Swallow Erie, and Has a Narrow 127
Escape from Choking.—He Tries to make Drew Commit
Financial Suicide.—Manipulating the Stock Market and
the Law Courts at the Same Time.—Attempts to “Tie Up”
the Hands of Drew.—Manufacturing Bonds with the Erie
Paper Mill and Printing Press.—Fisk Steals the Books
and Evades the Injunction.—Drew Throws Fifty Thousand
Shares on the Market and Defeats the Commodore.—The
“Corner” is Broken and Becomes a
Boomerang.—Vanderbilt’s Fury Knows no Bounds.—In his
Rage he Applies to the Courts.—The Clique’s
Inglorious Flight to Jersey City.—Drew Crosses the
Ferry with Seven Millions of Vanderbilt’s Money.—The
Commodore’s Attempt to Reach the Refugees.—A
Detective Bribes a Waiter at Taylor’s Hotel, who
Delivers the Commodore’s Letter, which Brings Drew to
Terms.—Senator Mattoon gets on the right side of Both
Parties
CHAPTER XVI.
DREW AND THE ERIE “CORNERS.”
A Harmonious Understanding with the Commodore.—How the 137
Compromise was Effected.—An Interesting Interview
with Fisk and Gould in the Commodore’s Bed-Room.—How
Richard Schell Raised the Wind for the
Commodore.—Drew’s Share of the Spoils.—He Tries to
Retire from Wall Street, but Can’t.—The Settlement
that Cost Erie Nine Millions.—Gould and Fisk “Water”
Erie again, to the Extent of Twenty-three Millions,
but leave Drew out.-“Uncle Daniel” Returns to the
Street.—He is Inveigled into a Blind Pool by Gould
and Fisk, Loses a Million and Retreats from the
Pool.—He then Operates Alone on the “Short” Side and
Throws Away Millions.—He Tries Prayer but it
“Availeth Not.”-“It’s no Use, Brother, the Market
Still Goes Up.”—Praying and Watching the
Ticker.—Hopelessly “Cornered” and Ruined by his
Former Pupils and Partners
CHAPTER XVII.
INTERESTING EPISODES IN DREW’S LIFE.
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