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Chauncey Depew 150th anniversary

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Chauncey Depew 150th anniversary
Posted by wanswheel on Sunday, December 27, 2015 1:55 AM
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Posted by daveklepper on Sunday, December 27, 2015 3:21 AM

GOOD READING, THANKSÖ±

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Posted by schlimm on Sunday, December 27, 2015 6:55 AM

Fascinating!   Thanks.  His reputation as a US senator was somewhat mixed, but he was colorful: 

"A pessimist is a man who thinks all women are bad. An optimist is one who hopes they are."

More:  http://www.mrlincolnandnewyork.org/inside.asp?ID=54&subjectID=3

 

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Posted by Convicted One on Sunday, December 27, 2015 11:27 AM

Boy, I'll bet the forum users still using dial up are just thrilled waiting for this thread to load.

 

I can remember when a simple animated gif of an opposed piston engine as my sig brought the "torch and pitchfork brigade" out whining.

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Posted by wanswheel on Sunday, December 27, 2015 3:19 PM
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Posted by schlimm on Sunday, December 27, 2015 5:05 PM

Just as at Gettysburg with Edward Everett compared to Lincoln, long-windedness does not equal a memorable speech.  What a windbag.

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Posted by wanswheel on Monday, December 28, 2015 2:29 AM
Chicago Tribune put Chauncey's speech on page 2.  I think it was probably a very good speech for the older people who remembered Lafayette alive in their youth. 
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Posted by schlimm on Monday, December 28, 2015 3:08 AM

Not many of still alive 100+ years later.

 

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Posted by tree68 on Monday, December 28, 2015 10:11 AM

Mr Depew was also involved in the building of a 17 mile long railroad in the central Adirondacks.  

The Raquette Lake Railroad was build from Clearwater (now Carter) to Raquette Lake village for one primary purpose - to carry the rich and famous a little closer to their great camps (there was also some logging involved).  

Also involved in the building of the RLRR were Collis P. Huntington and W.W. Durant.

http://www.adirondackalmanack.com/2014/03/life-times-raquette-lake-railway.html

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Posted by wanswheel on Monday, December 28, 2015 10:38 AM
Lafayette toured the U.S. in 1824-25. 
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Posted by schlimm on Monday, December 28, 2015 6:55 PM

The late Senator Robert Kerr of Oklahoma once quoted Chauncey Depew in an attack on a Senator from Indiana, "As I gaze on the ample figure of my friend from Indiana, and as I listen to him," Kerr began, "I am reminded of Chauncey Depew who said to the equally obese William Howard Taft at a dinner before the latter became President, 'I hope, if it is a girl, Mr. Taft will name it for his charming wife.' "To which Taft responded, 'if it is a girl, I shall, of course, name it for my lovely helpmate of many years. And if it is a boy, I shall claim the father's prerogative and name it Junior. But if, as I suspect, it is only a bag of wind, I shall name it Chauncey Depew.’"

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Posted by Paul_D_North_Jr on Monday, December 28, 2015 9:04 PM

Someplace I've read a story about Mr. Depew, J.P. Morgan (or one of the Vanderbilts), and some questions over a certain bond , note, or mortgage.  It's in either A Treasury of Railroad Folklore (Harlow & Bodkin), or The Story of American Railroads (Holbrook).  I don't have access to either of those tonight, but anyone who does is welcome to add that story here instead of waiting for me.

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"This Fascinating Railroad Business" (title of 1943 book by Robert Selph Henry of the AAR)
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Posted by Deggesty on Monday, December 28, 2015 9:32 PM

Paul, I think it is in The Story of American Railroads--not that I remember everything that is in the Folklore book; I simply do not recall it at all. My copies of both books are about two miles from here, and I will NOT ask my daughter to look for them and bring them to me tonight.

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Posted by wanswheel on Thursday, December 31, 2015 12:09 PM
I don’t know when Depew and Morgan met. Chauncey was 3 years older than J.P., and joined the board of directors 5 years sooner. In 1885, they were 2/3 of a trio who bought the West Shore.
In 1888, Depew was New York’s ‘favorite son’ candidate for President at the Republican convention. He doubted he could overcome the Granger states’ antipathy to railroads. On the 3rd ballot, he had nearly as many votes as the  ultimate nominee, Benjamin Harrison.
In Chauncey’s day, the twin spires of St. Patrick’s Cathedral were visible from Lexington Ave.
Also in Chauncey’s very long day, St. Pat’s spires were just barely discernible above the GCT roof.
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Posted by Paul_D_North_Jr on Friday, January 1, 2016 1:45 AM

The quote or story I'm thinking of was something like this:

Mr. Depew went in to see Vanderbilt or Morgan, and said he had a question about or objection to a note (as in a loan), and that it was not quite right.  That note might have been disadvantageous to the railroad (i.e., required payment of lots of money) - perhaps a railroad of which Depew was a director; the net effect was like looting or money laundering, etc.   

The great man said something like: "That note was drawn up by Mr. [X = a lawyer for him].  Do you think you know more about it than he does ?"    

Quite the put-down. 

The railroad involved was one that ran in or around New York City - perhaps the Central or New Haven, maybe the Westchester, etc.

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Posted by wanswheel on Friday, January 1, 2016 10:44 PM
Depew’s penultimate birthday, April 23, 1926
Sunday Eagle Magazine, Brooklyn, N.Y., November 14, 1926
Will Craze for Young Men Last?
Chauncey M. Depew, perennial worker, gives time-seasoned views
By Harold C. Burr
Are the youngsters more valuable to the business world than their seniors? Are young men forcing the old men out of business?
Who is better qualified to answer these questions than Chauncey M. Depew, who with some ninety-odd years behind him, still looks on each day as a battle to be fought and won?
It was hinted in a roundabout way that perhaps Mr. Depew might reach the ripe old age of one hundred years. “Some do,” was his partial and laconic admission with a fleeting smile.
A steady stream of visitors flows daily in and out of his private office high up in a skyscraper situated conveniently to the Grand Central Station in New York City. The caller who expects to find Chauncey Depew a decrepit and doddering old gentleman will be very surprised at first sight of him.
He sits up straight at his desk and hears everything addressed to him in a conversational tone, displaying no signs of fatigue in answering dozens of questions. On his ninety-second birthday recently he talked to a roomful of reporters three-quarters of an hour without a break. He conscientiously attends all directors’ meetings of those corporations in which he’s a stockholder and is still the active chairman of the New York Central board. If his spirits are not as rollicking as of yore, that is doubtless due to the gravity that comes with great age.
At ninety-two he works a full day. “I believe a man should stay in harness to the end,” he said just after his return from a trip to Washington. “I’m asked frequently if Americans don’t work too hard. Nobody works too hard! It’s the only way I know of to keep your mental and physical health. As soon as a man retires he rusts out.”
“What have you to say about the craze for young men in business?”
“It’s carried too far.” Mr. Depew rallied instantly to the colors of the veterans. “And it’s making it extremely difficult for a man of sixty to earn a living once he’s lost his old job. Why some of our most efficient and able men are past that age! I personally wouldn’t hesitate to surround myself with so-called old men. I’ll bet they could do the work as well as the younger ones, too. But don’t misquote me. That isn’t to say there aren’t some invaluable young men in commercial and financial life.”
“At what age do you think a man is at his best mentally?”
“You cannot establish any hard and fast rule as to that. Some men attain the zenith of their ability early, others late. It rests entirely with the individual. But don’t forget that Commodore Vanderbilt made the bulk of his fortune after seventy.”
The flow of talk was diverted into a social channel. Depew refused, point blank, to be shocked at the doings of our young folk in this day and generation.
“I’ve been associating with young people for over seventy years of an active and diversified life,” he said strongly. “And I don’t see where they change very much. The girls always have prinked and painted and powdered. On a general average, I’d say they were better, not worse, morally than they were when I was a young fellow. The girl of today is infinitely wiser than her more backward sister of the hooped skirt era. But it is easily traced to the fact that she’s more universally employed, and it has broadened her vision and experience.”
Chauncey M. Depew has lived to see many innovations take place in New York and the world at large. When he migrated from his little home town of Peekskill to the metropolis the elevated railroad structure wasn’t even built and he has lived to see at least a portion of it torn down. The telephone, the subway and flying were just crazy inventors’ dreams. But he’s mighty glad he has been spared to see their fruition. He doesn’t sigh for the alleged good old days.
All of which was brought out by the question, “Did people have a better time fifty years ago than they do today?”
“No, they did not,” he said without hesitation. “As the years go on invention and discovery enlarge our opportunities for happiness. The radio, the automobile and the movies give more and more varied pleasure to the American people than the stagecoach and the traveling circus. I’d like to go to the movies myself if I wasn’t so busy,” he confessed unexpectedly. “The hotel at Hot Springs has a moving picture theater of its own and when I’m vacationing out there I attend quite often and enjoy it too.”
But Mr. Depew refrained from saying which of the beautiful screen stars was his favorite actress. He doesn’t go often enough to be a critic.
“Would you like to do it all over again?”
When the interviewer explained that the reference was to living his life over he answered with reserations. “If I was sure of having my health I would. You really cannot enjoy anything unless you are healthy. But if I had another chance I don’t know as I’d do any differently from what I’ve done. I’m very well satisfied with what I’ve made of myself.”
“Which do you consider the happiest years of your life?”
“I can’t tell you that very well. I’ve had my ups and downs like the rest of you. But by and large, I’ve had a pretty good time of it.”
It may be that Mr. Depew’s long life should be attributed to a single factor. That is that he has always made it a rule to abstain from drinking the wine or eating the food set before him at the dinners at which he spoke. He thinks himself that is the salient cause. But he did indulge in smoking a cigar.
He still enjoys a good story and one of the best in his repertory has to do with one of those same cigars. In the early days of his vogue as a dinner table orator he noticed a young man who was always on hand whenever he spoke and watching his every move with the closest attention.
“Finally,” says Mr. Depew, “he waited for me one evening and owned up that he’d been making a careful study of my delivery. ‘And,’ he made no bones of boasting, ‘I think I’ve found the secret of your success. At first you move your cigar back and forth, gesticulate with it like this.’ He illustrated. ‘That attracts the attention of your hearers. Then you keep it still in this manner.’ Again breaking off to pose in pantomime. ‘That holds ‘em!’ After that,” concluded the greatest of our after dinner speakers, “I made up my mind that all anybody needed to be a great orator was a good ten-cent cigar!”
After dinner speaking has always been Chauncey M. Depew’s hobby. It wouldn’t be the whole truth to say that it has been his relaxation. The painstaking way he goes about the preparation of a speech makes it downright hard work. Weeks are consumed in preparing what he wants to say and numberless bulky volumes are consulted for his facts. He has a sort of horror of getting his history wrong.
And he’s still at it. Hundreds of invitations pour in upon him to speak at this dinner and that ceremony. But of course it’s physically impossible for him to accept them all. Some of the speeches he does make are sent out into the ether over the radio. The old voice still has carrying power. On the occasion of a birthday dinner at the Waldorf-Astoria Hotel in New York he spoke into the microphone and a man who lives by himself on a lonely island off the coast of Virginia wrote him a personal letter of thanks, declaring Mr. Depew’s enunciation to be the clearest and best that had yet come over his set. Another man away off in the Canal Zone heard him distinctly.
The life of Chauncey M. Depew has truly been an overflowing one. Starting his career as a little country lawyer he speedily became allied with a vast railroad system as its general counsel, won nationwide fame as an after dinner speaker, sat in the United States Senate as the representative from New York and has walked with the great of the earth.
His personal and intimate acquaintance with our presidents began with Abraham Lincoln and the line runs unbroken to Calvin Coolidge. The Depew autobiography, “My Memories of Eighty Years,” was dictated hour after hour at his country place when he was nearly ninety. It’s replete with reminiscences of statesmen, actors, business men and just plain people here at home and abroad.
Chauncey M. Depew’s recipe for material success is simple in the extreme. “Find out what kind of business suits your tastes, habits and mentality—then stick,” is his message to the young man just starting out in life. “I recall a speech I made forty years ago along those lines to a college graduating class. I took for my text, “State date and sale.’ Afterward I received bundles of letters from grateful young men who had taken that commercial term for their motto and made good.”
One of the three sole survivors of the class of ’56 at Yale University, he’s a stanch upholder of the benefits to be derived from going to college. “You can’t get too much education,” he declared.
But he wasn’t asked to elaborate. For further particulars on that subject see Chauncey M. Depew’s own book. After all, ninety-two isn’t forty and it was past time to go. The interviewer’s conscience smote him and he folded his notes and stole away. Out in the anteroom he lived to regret his hasty exit.
A woman sat there arrogantly awaiting her turn and a man brushed brusquely past as we effaced ourself through the door to the public hall, seeking an elevator. Chauncey M. Depew’s day wasn’t over at all. It was just beginning.
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Posted by Victrola1 on Saturday, January 2, 2016 10:31 PM

The railroads' economic clout has helped them wield considerable political power in the state. At the end of the 19th century, Luebke said, Nebraska's two U.S. senators were sometimes referred to as its Union Pacific senator and its Burlington senator.   

http://www.ble-t.org/pr/news/headline.asp?id=28227

Did New York have a Central senator and an Erie senator? 

 

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Posted by wanswheel on Monday, January 4, 2016 2:03 AM
Thomas C. Platt was New York’s senior senator.

Chicago Tribune, Sept. 22, 1930

Platt, Depew and Cinders Won 1902 Fight

How Roads Staved Off Electrification

By Arthur Sears Henning

In the historical perspective produced by the passage of nearly thirty years, the events leading to the electrification of the steam railroad terminals of New York City stand forth as dramatic episodes in the age-old struggle between the populace and entrenched privilege.

On the one hand was the public fighting to drive the tracks below ground and the smoke and cinder belching steam locomotives from the tracks, with the railroads footing the entire bill for the change. On the other hand were the railroads resisting, yielding little by little to what they characterized as the attempted despoliation of their property by conscienceless demagogues to further political interests.

The public won in the end, though not without making some concessions to the railroads and not till many a captain on each side had gone down with the scars of the thirty year war upon him.

Tunnel Disaster Big Impulse.

If to any one incident may be attributed the success of the movement for the electrification of the New York railroad terminals it was the Park Avenue tunnel disaster on the New York Central in January, 1902. William K. Vanderbilt, J. P. Morgan the elder, and Senator Chauncey M. Depew saw the handwriting on the wall of the New York Central board room.

They knew they must electrify eventually; indeed, they asserted after the accident, which cost the lives of 17 persons, that Mr. Vanderbilt had approved partial electrification plans two days before the catastrophe. But they were determined to electrify in their own way and in their own time, in order to hold the cost down to the minimum.

The Pennsylvania railroad at this time was opening negotiations with the city for a terminal on Manhattan Island to be reached by a long tunnel under the Hudson. The motive power from the terminal through the tunnel to a point well beyond its western end in New Jersey was to be electricity. If any Pennsylvania official had any notion at the time that the public would tolerate steam locomotives in the terminal he was disillusioned after the Park Avenue tunnel accident.

Public Was Suspicious.

In the weeks following the accident the public was not satisfactorily impressed with the professed intentions of the New York Central to electrify. Hence there developed a movement to force electrification by legislative action, which grew like a snowball rolling down hill.

When the action was transferred to Albany there appeared on the scene the figure of a young fighting man to whom in after years Seth Low was to accord the chief credit for bringing about the electrification of the New York terminals. This man was Jonathan Mayhew Wainwright, who had just been elected to the assembly. Mr. Wainwright had served with distinction in the Spanish- American war. He was to serve with no less distinction In the world war, in which he won the D.S.M. and after which he was appointed assistant secretary of war, retiring from that position in 1923 to enter congress, from which he is now voluntarily retiring.

A First Class Fighting Man.

Young Wainwright proved a fighter in peace as well as in war. He was a New York lawyer, living at Rye, a suburb on the New Haven road that had contributed some of the victims of the Park Avenue tunnel disaster. Rye, like all the other suburbs, was up in arms against the New York Central. which the commuters were denouncing as a soulless corporation twice a day, as they slammed the car window shut in the smoke and cinder choked Park Avenue tunnel. Their denunciations were crystallizing in resolutions and memorials of mass-meetings petitioning the legislature to compel the company to remedy the conditions endangering life and limb in the approaches to its New York terminal.

Young Wainwright leaped to the leadership of the army of commuters storming the legislative citadel. His first shot was the introduction of a resolution providing for a legislative investigation of the tunnel disaster, which never got anywhere.

A Political Heretic.

Col. Wainwright, sitting in his law office the other day, a grizzled, bronzed veteran of war and politics, recalled from the mists or thirty years ago the memory of the tolerant or pitying disregard which he encountered in the legislature when he essayed a move that might be unwelcome to a powerful railroad.

At that time the railroads were in the saddle at Albany, at least in the legislative branch of the state government. Boss Tom Platt was in all his glory. He controlled the legislature. He was the colleague of Senator Depew at Washington. The railroads contributed handsomely to the New York Republican campaign funds distributed by Boss Platt. Senator Depew contributed handsomely whether of his own or of New York Central funds to the campaigns of senators, particularly members of the interstate commerce committee. Uncle Shelby Cullom, who was chairman of that committee, accepted Depew's contributions, but always insisted that Depew never asked a legislative favor therefor.

Resolution Is Buried.

Wainwright was unable to get a hearing on his investigation resolution from the assembly railroad committee, the majority of whose members had been named by Boss Platt and were amenable to his dictates. It looked for the moment as if the New York Central had nothing to fear in the legislative quarter. Boss Platt was on guard.

Mr. Wainwright could recall few of the details of the battle that ensued. I had to dig them out of the record. It appeared that after being rebuffed in the matter of the resolution, he returned to the fray with a bill introduced on Jan. 27, 1902, authorizing the state railroad commission to compel the New York Central to substitute electric for steam operation through the Park Avenue tunnel by a date to be fixed by the regulatory body.

This proposed legislation was enthusiastic indorsed by the commuters in scores of suburban mass-meetings. The suburbs put pressure on their assemblymen to support the bill.

Mayor Low Supports It.

Mayor Seth Low of New York City came out for it on Feb. 4. The most important thing said the mayor, was to fix a date by which time the railroads should be required to complete electrification. He thought the date should be fixed in the legislation instead of being left to the discretion of the railroad commission.

By this time the Wainwright bill had enlisted such widespread popular support that none of Boss Platt's lieutenants in the assembly dared to pigeonhole it. Hearings were accorded the measure by the railroad committee. At the public hearing the New York Central opposed the bill, particularly with reference to the fixing of a time limit on electrification. In the light of engineering testimony presented by the commuters' organizations that two years were ample to allow, Wainwright amended his bill to fix Jan. 1, 1904, as the deadline on completion of the change in motive power.

Railroad Alarmed.

Such was the state of public feeling at the close of these hearings that the railroad directors were thoroughly alarmed. Particularly were they worried by the fact that Mayor Low, rich, influential, formerly president of Columbia, whom Platt claimed to have made mayor, was lined up against them. There was a meeting on the crisis in the New York Central boardroom. It was decided that Morgan and Depew should see what could be done to detach the mayor from the forces supporting the Wainwright bill.

So, it fell out that on Feb. 18 Mr. Morgan and Senator Depew appeared by appointment at the mayor’s office on a mysterious errand and were shown right in. The incident created a sensation. It was the first time that the most famous nose and the most illustrious mutton chop whiskers in America had ever been seen at the city hall. The reporters camped there till the callers emerged but got nothing but a reference to the mayor, who issued a statement that Mr. Morgan and Senator Depew had promised the cooperation of the railroad with the city on the electrification project.

Opposed to Time Limit.

It transpired years later that the two master minds of the New York Central had told Mayor Low that while the railroad was willing to electrify it was opposed to a two year, three year or any other time limit which would enable real estate pirates to hold them up for the additional ground they would need for the expanded terminal. Mr. Low was favorably impressed and forthwith asked Wainwright to agree to postponement of action on his bill, stating that as a result of the call of Messrs Morgan and Depew it looked as if "all would be able to get together.”

Mayor Low was seeking to delay the legislation until after the submission of formal electrification proposals by the railroad company, which Mr. Morgan and Senator Depew had promised him would be forthcoming. Mr. Wainwright consented to a postponement of action for the time being.

Proposal Proves Vague.

Six days later the formal proposition of the company materialized in the shape of a letter to Mayor Low signed by Vanderbilt, Depew, Morgan, and six other directors of the New York Central, in which they protested against the move to compel electrification by law within a prescribed time, and promised that "in lieu of such legislative action" the company would proceed without delay to electrify its suburban service and would extend the electrification to the through service tracks "whenever a practical plan can be prepared which gives reasonable promise of producing satisfactory results."

Mr. Low immediately sent the letter to Chairman Bedell of the railroad committee of the assembly, with the observation that the communication from the company’s directors constituted "a good foundation for the waiving of a fixed date" for electrification of the Park Avenue tunnel.

“In any private relation of life," wrote Mr. Low, "the personal assurance of these gentlemen would be considered as being in every respect as good as their bond."

Wainwright Incensed.

In the meantime Wainwright had offered a substitute bill providing for electrification by May 1, 1905, and allowing the railroad commission to extend this time six months if necessary. Mayor Low's consent to waive the time limit Wainwrlght pronounced "an extaordinary and complete about face within a month."

The change of attitude on the part of Mayor Low doomed the Wainwright bill. Immediately after receiving Mr. Low's letter accepting the proposal Chairman Bedell handed Wainwright a bill providing for electrification within three years unless the railroad commission should grant additional time, and asked that Wainwright introduce it. This bill was acceptable to the New York Central. Wainwright declined, and Bedell eventually induced Assemblyman Apgar, who had been Senator Depew's secretary, to father the measure, which was passed.

Two Bills Contrasted.

Wainwright contended that under his bill the company would be compelled to electrify within three years under penalty for noncompliance, whereas under the Apgar bill the railroad could continue to use steam in the tunnel indefinitely with impunity. He demanded why Mayor Low should be willing to “accept the personal, informal, and unofficial word of a few gentlemen who at present happen to be on the board of directors of the New York Central railroad in place of the state of New York in a matter of this urgency."

“At the bar of public opinion," Wainwright said in a speech to the assembly, "this company has been held responsible for the recent accident. It has been the subject of a presentment by a coroner’s jury. For years the thousands of people who have passed through the tunnel have been placed in danger of their lives. Yet Mr. Low, in view of this record, is willing to let this matter rest upon the pledge of a few gentlemen who are now directors of the company."

Spokesmen for the railroad argued that the Wainwright bill was unreasonable and demagogic and that the Apgar bill represented the utmost compulsion justifiable in view of the difficulties the electrification project presented.

At the same time the New York Central was able to procure the passage of a bill granting it almost unlimited power to condemn adjoining property for the enlargement of its terminal. A great outcry went up against this measure, which was attacked as an unprecedented example of special privilege.

Gov. Odell, who had revolted from the Platt bossdom, vetoed the land condemnation bill, pronouncing it highly objectionable from the viewpoint of public interest. He also vetoed the Apgar electrification bill, on the ground that electrification was dependent upon enlargement of the terminal. Inasmuch as he had vetoed the land condemnation bill and thereby rendered electrification unfeasible he deemed it his duty “in justice to all concerned," he said to veto the electrification bill also.

So, the first session of the legislature following the tunnel accident ended with assurance of electrificatIon resting solely upon the pledge of the company, without time limit.

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Posted by Wizlish on Monday, January 4, 2016 5:47 AM

Interesting to compare Cosmo's politics then with those under Odell since 2014.

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Posted by wanswheel on Monday, January 4, 2016 9:31 PM
“The Treason of The Senate” articles by David Graham Phillips were republished as a book in 1964. 

Excerpt from the introduction by George E. Mowry & Judson A Grenier:

The meetings of the Gridiron Club of Washington newsmen and correspondents were a capital tradition, attended by most important government officials, including the President. Sessions were informal and off the record, and reporters felt as free to lampoon the politicians as they to ridicule the press. Chauncey Depew had addressed the first dinner of the Gridiron Club—its organizational meeting—and often since had been its guest. Roosevelt could expect a sympathetic audience there for a defense of Depew, and his opportunity arose when House Speaker Joseph Cannon gave a dinner for the club on March 17, 1906. The President spoke off-the-cuff and without notes of "the man with the muckrake" who makes slanderous assaults on public officials. Although he had originally intended to mention Phillips by name, he was dissuaded by Senator Root from giving the author further notoriety. The "muckrake" allusion, though not original with Roosevelt, immediately caught on, and, if the speech was meant to be a trial balloon, it was a success. The following day, Roosevelt told Steffens that he had spoken "to comfort Depew," but, ever sensitive to wider political potentialities, the President determined to expand his remarks for a national audience at the laying of the cornerstone of the House Office Building on April 14, 1906.

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Posted by Paul_D_North_Jr on Tuesday, January 5, 2016 9:11 PM

Paul_D_North_Jr
The quote or story I'm thinking of was something like this:

Mr. Depew went in to see Vanderbilt or Morgan, and said he had a question about or objection to a note (as in a loan), and that it was not quite right.  That note might have been disadvantageous to the railroad (i.e., required payment of lots of money) - perhaps a railroad of which Depew was a director; the net effect was like looting or money laundering, etc.   

The great man said something like: "That note was drawn up by Mr. [X = a lawyer for him].  Do you think you know more about it than he does ?"    

Quite the put-down. 

The railroad involved was one that ran in or around New York City - perhaps the Central or New Haven, maybe the Westchester, etc.

OK, to correct the record and clear Mr. Depew's name (as if I could sully it), the above is mostly wrong - I found the source, and Depew wasn't involved in it at all.

It was "The American Heritage History of RAILROADS in AMERICA" by Oliver Jensen (1975), pg. 148, left 'sidebar'.  The characters were J. P. Morgan, Charles S. Mellen as the questioner, and Francis Lynde Stetson as Morgan's lawyer; the paying railroad was the New Haven, and the one being acquired for "unnecessary millions" was the New York, Westchester & Boston. 

Mr. Depew is mentioned in the main text on the same page (in the context of the PRR vs. NYC, West Shore RR - South Penna. RR 'settlement' by Morgan) as one of those present: " . . . Chauncey Depew, the clever lawyer who served Vanderbilt as the actual president of the New York Central . . . ".  Depew apparently was the first to agree with Morgan's position that this "fruitless battle" was "very foolish for gentlemen to continue".

Depew is also depicted and mentioned on pg. 143 in a lithograph of the officials and organizations of the "new Vanderbilt railroad empire about 1869"; the caption says "the noted Chauncey Depew, later president of the whole enterprise". 

- Paul North. 

"This Fascinating Railroad Business" (title of 1943 book by Robert Selph Henry of the AAR)
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Posted by wanswheel on Thursday, January 7, 2016 1:36 PM
New York Central Lines Magazine covered the 1926 centennial...
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Posted by wanswheel on Wednesday, January 13, 2016 11:00 AM
    
Excerpt from Landmarks Preservation Commission (1987)
Ascending/descending the Pershing Square Viaduct at 40th Street, both north- and southbound traffic continued along the west side of the terminal atop an elevated drive, superimposed like a second story over Vanderbilt Avenue. (Depew Place, flanking the terminal on the east, also had an elevated level but this was a private way, reserved for baggage and freight deliveries). The western viaduct allowed vehicles to travel along busy 42nd Street without interruption by a north-south artery. Within a few short years, however, increased traffic created the most vexatious bottleneck three blocks north, at 45th Street, where the ramp descended to grade: 13 lanes of bi-directional traffic converged - from Park and Vanderbilt Avenues, 45th Street and the elevated drive, spilling into adjacent streets and strangling the essentiaI flow of this midtown commercial hub. Construction permits for the New York Central Building were withheld until a scheme to relieve this insufferable congestion had been submitted…
The New York Central… agreed to improve the elevated drive along the west side of the terminal and to construct a companion drive on its east (a transformation of the private delivery platform atop Depew Place) so that public traffic could flow around the depot as originally planned, in bifurcated one-way lanes (southbound on the west, northbound on the east). Instead of descending to grade amid the confusion of 45th Street, the elevated drives were to span that street on bridges and, through specially granted easements, continue north on ramps through the base of the proposed New York Central Building…
The innovative design allowed Park Avenue traffic to continue unimpeded between 46th and 40th Streets — a flow which, to this day, is still an exhilarating experience: one burrows through the New York Central Building negotiating its sharp turns, only to emerge above the city and descend, in roller coaster fashion, down the Pershing Square Viaduct (and, if one chooses, further south, through the subterranean Belmont tunnel — originally a locomotive cut — all the way to 33rd Street)…
Foundation preparations began in December 1926. Final plans for the structure were submitted on February 11, 1927, and three months later, on May 19th, 350 men from the James Stewart Construction Company anchored the last of the New York Central Building's steel piers 50 feet into the ground…
Work continued at a rapid pace and on April 5, 1928 — just hours after the death of Chauncey Depew, chairman of New York Central's board of directors — the last rivet was driven into the 34-story steel frame…
At 567 feet the New York Central was tall enough to control Park Avenue's 140 foot width, but sufficiently slender to allow the sky to slide by on either side of its shaft— just as it permitted the boulevard's street traffic to flow through its base.
The building functioned as a bridge, not a barrier. And while this wonderfully urbane spatial flow was fatally smothered in 1963 when the much taller and wider Pan Am Building stole the sky, the New York Central maintains a dignity and monumentality independent of size. For this, a good deal of credit belongs to its exuberant cupola-crowned roof, glistening by day with gold leaf, and illuminated like a fiery constellation by night.
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Posted by wanswheel on Tuesday, February 20, 2018 1:37 PM

Alternate history is fun but moot, because there's no such thing as 'what if,' there's only 'what is.' But what if New York Central had a great lawyer in 1866, a living, breathing Abraham Lincoln? What would've become of poor Chauncey?

https://archive.org/details/retrospectof25ye00depeuoft

https://archive.org/stream/lincolnrailroads00star#page/n0/mode/2up

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Posted by Overmod on Tuesday, February 20, 2018 3:12 PM

Pity he didn't live 100 years later; he'd be one of the greatest talk show hosts who ever lived.  

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