CHAPTER X.
DANIEL DREW.
Birth-place--Birth and parentage--A farmer's boy--Goes to New York to
seek his fortune--Becomes a cattle drover--Leases the Bull's Head
Tavern--His energy and success in his business--Brings the first western
cattle to New York--Helps a friend to build a steamboat--The fight with
Vanderbilt--Drew buys out his friend, and becomes a steamboat
owner--Vanderbilt endeavors to discourage him--He perseveres--His
success--Formation of the "People's Line" on the Hudson River--The
floating palaces--Forms a partnership with George Law, and establishes
the Stonington line--Opening of the Hudson River Railway--Drew's
foresight--Room enough for the locomotive and the steamboat--Buys out
the Champlain Company--Causes of his success as a steamboat
manager--Becomes a banker--His success in Wall Street--Indorses the
acceptances of the Erie Railway Company--His courage and calmness in the
panic of 1857--He saves "Erie" from ruin--Elected a director of the Erie
Road--Is made Treasurer--His interest in the road--His operations in
Wall Street--His farm in Putnam County--Joins the Methodist Church--His
liberality--Builds a church in New York--Founds the Drew Theological
Seminary--Estimate of his wealth--His family--Personal appearance.
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