Great Fortunes, and How They Were Made

financial circles of the country, that it is surprising

ught up to work on the farm, and at such times as he could be spared from this work, was sent to the country school in the neighborhood, where he acquired but a meager stock of learning. When he was fifteen years old

him a chance in any regular business. After looking around for awhile, he at length became a cattle drover. He spent

of the butchers and drovers doing business in the city. He kept this tavern a part of the time, and found it quite a profitable investment. He

A GREAT

ght over the mountains the first drove of cattle that ever came from the West into New York city. The cattle, two thousand in number, were collected into droves of one hundred each, and were

laying the foundations of that immense fortune which has made him so conspicu

"Water Witch" in her place, and Mr. Drew, to oblige his friend, advanced one thousand dollars toward the enterprise. Commodore Vanderbilt was not willing that any rival should contest the river trade with him, and built a steamer called the "Cinderella," with which he ran a sharp opposition to Mr

pt, telling him he knew nothing of the management of steamboats. Mr. Drew refused to be intimidated; however, and continu

De Witt Clinton," the "North America," and others-the finest steamboats then afloat-and it seemed at first foolhardiness for any one to attempt to oppose so popular a company. Mr. Drew and his partners bought the "Bright Emerald," for which they gave twenty-six thousand dollars,

Drew and Newton. Mr. Drew was the largest stockholder in this company, which, to-day, after a lapse of nearly thirty years, still owns the most magnificent and popular steamers in the world. Soon after its organization, the company built the "Isaac Newton," the first of those floating palaces for which the Hudson is famed. Since then, it has buil

oad from the latter place to Boston. The "Oregon" and the "Knickerbocker" were placed on the route, and the enterprise proved a success. Mr. Drew and Commodore Vanderbilt

satisfied that the land route could not afford to carry freight and passengers as cheap as they could be transported by water. He knew that it would only be necessary to reduce his passenger and freight rates below those of the railroad, to continue in the enjoyment of his immense business, and his faith in the steady expansion of the trade of the city

a capital of one hundred and fifty thousand dollars, and ran a line of five steamers from White Hall to the Canada end of t

m faithfully, but will not tolerate a single careless or incompetent man, however unimportant may be his position. The steamers owned by him are almost entirely free from accidents, and such misfortunes as have befallen them have been those against which no skill or foresight could guard. He refuses to insure his boats, holding that care and prude

ancial operations of the day, and became known as one of the most uniformly successful in its dealings of any in the city. Mr. Drew remained at the head of it for thirtee

housand dollars. This was the first decided evidence the public had received of his immense wealth, and in 1857 another was given by his endorsement of a fresh lot of Erie acceptances amounting to a million and a half of dollars. This last indorsement was made in the midst of the great financial panic of 1857, and occasioned no little comment. Men could

Road from issuing the new stock necessary to complete its broad-gauge connections with the West, are too fresh in the mind of the reader to need a recital of them here. It was proposed to issue ten millions of dollars worth of new stock, and Mr. Drew was to guarantee the bonds. After a tedious and costly suit, in which the New York

road stocks. Though losing heavily at times, he has nevertheless been one of fortune's favorites. His efforts have not been confined to the Erie Road. He owns stock in other roads, an

ncludes the old farm on which he was born. He has made it one of the finest and most profitable in the State, and, it is said, values it above all his other possessions. He h

with the Mulberry Street Methodist Church, of which he became an active member and a trustee. The elegant marble structure now standing at the corner of Fourth Avenue and Twenty-second Street attests his liberality to this congregation. He is a trustee in the Wesleyan University, and has largely endowed that institution; and within the past few years has contributed several hundred thousand dollars for the endowment of the Drew Theological Seminary, which has

at least half a million of dollars every year. He has two children, a son and

er man than he is. His expression is firm, but withal pleasant. His features are regular, but dark and deeply marked, while his bla