Show I NEW NEWS OF YESTERDAY I ITHE THE FORTUNE THAT COMMODOR COMMODORE E VANDERBILT FORGOT ABOUT Il Ih fly I g E T L This Thill dally daily series Berl of anecdotes n lOle end and ln I ld iii that throw new and frequently dramatIc light oo famous lamous events and personalities of the thai th cast gast h have ve be been n collected by Edwards Edwarda during durin nearly nurl fort torU forty years year of ot more mort oc Ot o I Ices Inti InU Intimate Intimate mate acquaintance with many of tho the 00 un try leaders since Inee the tha Civil war Kach anecdote or is la fresh from Mr Jr notebook and r In whole or In part palt It constitutes Sew New Ne News Newa of ot Yesterday t garnered Irner d from from the m men n who mad made the news th or front from equally dually authorItative sources As Al Im lan Important ContributIons of 01 the Human In Ira tere t sort lort to American history these thesa articles have a distinctive value all their the Ir sawn own One Oue of ot th the intimate SOCI associate ate ates of ot rand was speaking to me one day damy of ot tho the remark attributed to the commodore that UI it 11 was wall much taMer to make mako a fortune than to keep kep It IL Th The commodore did ay say that not Dot only once but many times this friend said eald And he was also aJA fond of ot ea 68 eans ling Ing ns the fIrst was the hardest to o milk and keep k Generally Ginell l wl when ea that n markt Is III quoted as 1 having been bee mado by b the the Important Tort put of or It 1 km omitted namely that It is III hard bard to Keep the tho first t 1000 after It U is ill i made mad Yet for tor a ii man who knew so well the value of uC money monC and what lt I its power lI I f continued the speaker there were to ma me some come Inexplicable traits about the commodore which at 8 seemed med almost to amount to Inborn careless Ife mesa He Ue r than any other man roan of ot his hI time Ume what tho th market value of money moy was W and yet et hp hI l let t slip overy over now and then golden Olden opportunities for to taking advantage of this Knowledge He Ie had p I tory ory ery accurate In fact al almost almost most monet memory and j yet t 1 ha he was likely to In ha grossly forgetful some In regard to bin bie own money mOlle interests and nd property I will tell you ou a new anecdote to illustrate what I 1 am saying On One day tho Commodore came Into Inlo th lh the of the finance officer of or the New York Central and naked asked that thal of ot official how bow money he was wan wa carry aIlT Ing The latter hotter named a IL a sum stun 0 You Yott B ent got It right declared the commodore OUe JOt gut a good deal more than that Figure and see noe If IC I Iam Iam am ant not right The report wan speedIly II made mado and It II showed Phoned that the commodore wax was withIn a 0 few fen hundred dollars of ot the tho ex ei exact exact act amount of money on hand There Thera Id Wits tint taCt many details which h escaped him an aM l when Vi ke he mentioned the aunt which wits was lii In b the tho or on deposit he ho was certain that ha he could amid not be tar fur out of the way It Ite seemed e mAd to please him that he Ito 1 had caught c tut us napping Then after a mo no moment ment he ho mid said That Phat is altogether alto th r too much money to be lying Idle Id Idi I ft You ought to put It out on short bort notes or It In some stem way so o Unit lIt It TV will III 11 be earning interest Instead of or lying Idle You 1011 see eft the Ute commodore had learned a lemon leion a year y r or two before baton One of or the ott of ot the company cOmpan had ha saId Ald to toMm hIm Mm Commodore the New Tork York Cen Central Central trat oo nt pay dividends oftener than I onee once li ii six months Dont you ou see that you lire are losing the tho interest on a lot of or I money mOlley on that account It JC we e paid once In three months your Our dividend I would be bl available for tor earning Quito a aU I I petty U penny penn The Tho commodore had never thought of ot that that but he saw the point at once and gave gae th the order that from froOt that time lime on th the dividend should be paid quarterly lie He was wan undoubtedly thinking of ot that experience eXI when he tie h declared that the railroad treasury was 08 carrying too much Idle money Well 1111 commodore com modo Otto on of ot ua us soaked asked I what use we would you Ou suggest that we make of ot this money W We 6 will Wilt want it at dividend time Why I will borrow it of you yun my lay self It tho the commodore commod lO replied provided you ion will 11 accept ac pt New ew York Central stock as all COlIat collateral rali rall security He Ue chuckled for tor a moment or two but bul we saw w that he wee in earnest and nl he did borrow borro tho the money and loft len a block of ot m nearly arl 2000 2100 shares share of ot New ew Tory Central stock as 1111 security Nearly tL as year ear later inter the tha plainly greatly appeared at atthe atthe atthe the desk de k of or the finance officer and an ana asked a ked how many of ot New Ken ew YOlk Central stock he ho owned own Id The officer omer after atter looking at the tho books told him tile the precise amount I Yes Y 1 es admitted tho tise commodore that agrees ee with my own books but bUll I all the stock Theros a 1 block of 1 19 0 shares missing I the te me molest Idea 1 what hat has become of or It there Ue began a search reh for tor forthe forthe the stock tock which looted lasted wl d several days day At t last n ell where do you think we that equivalent of at 15 In an aD Inner corner of ot the tho big bItt safe ate Just Jut where whet it tt had hatch b been be en n put when the commodore gave cave 18 it tt as I security for tor the dividend money mono that thal he had haul borrowed It had bat remained lit ever since I Th The had clean leRn forgotten to ask oak for tor the return of ot it whon he ho gava gave a check chook for tor the entire amount of ot his hie loon lunn lunna loona 1 la a few tew days before the mono money was need needed n d ded ed to py pay tile the next quarterly dividend and none nore of us u bad had thought to remind him that he wa was 1111 neglecting to 10 exercise tho plaInest sort of ot business common Copyright 1909 by bT E I J Edwards Tomorrow Mr 1 will tell of at The Thil Years Work ork that De Vt Destroyed |