Note (return) — Chapter IX

A few years ago he wished to consolidate the Hudson River and Harlem Railroads, and when the scheme was presented before the Legislature of New York, secured a sufficient number of votes to insure the passage of the bill authorizing the consolidation. Before the bill was called up on its final passage, however, he learned from a trustworthy source that the members of the Legislature who had promised to vote for the bill were determined to vote against it, with the hope of ruining him. The stock of Harlem Road was then selling very high, in consequence of the expected consolidation. The defeat of the bill would, of course, cause it to fall immediately. The unprincipled legislators at once commenced a shrewd game. They sold Harlem right and left, to be delivered at a future day, and found plenty of purchasers. They let their friends into the secret, and there was soon a great deal of "selling 'short'" in this stock. [D] Commodore Vanderbilt, although indignant at the treachery of which he was to be made the victim, held his peace. He went into the market quietly, with all the funds he could raise, purchased every dollar's worth of Harlem stock he could lay his hands on, and locked it up in his safe. When the bill came before the Legislature on its final passage, the members who had pledged themselves to vote for it voted against it, and it was rejected.