Page:The Biographical Dictionary of America, vol. 03.djvu/332

 DREW

DREW

1886-88 anil 1893; was a pliilosopliical student at Harvard, 18yi-93. 18y5-y« and 1890-97; lecturer on practic-al i>hilosopliy. i89S-98; editor of tlie Journal of rrartiail Met-98 ; proprie- tor of the Philosopliical publislun;; company, 1896-98, and associate editor of T/te Arvait Tioni 1899. He was a member of the ^leta^hysical club, Ik>ston, from 189"). He was mariied, March IT. isy^. to Alice Mae Reed (A.B., Wellesley, ist»3).' He is the author of: The Poicer of Silence (l89o); The Perfect HTio/f (1896); TIte Heart of It ( 1S1H5, ; In Search of a Soul (1897) ; Voices of Hope (1S9><); and Methoth auil Problems of Spiritual H',ilin<i (1899).

DREW, Daniel, ])Iiilanthropist, was born in C'arnu-I. N.V.. July 09. 1797. His father was cf Eufrlish and his niotiier of Scotch descent. He received a limited school training while working on his father's farm, engaged as a substitute in the war of 1812 and obtained thereby SlOO. He used this money as a cattle drover and dealer, and largely increased his business through a loan made by Henrj- Astor. He then became inter- ested in steamlxjat building and transportation on the Hud.st)n river in opixisition to Cornelius Vanderbilt and in 1844, when the railroads began to l>e popular, he engaged in stock operations in Wall .street, dealing principally in railroad stocks and securities. He is said to have accumulatetl §l.i.<K)U,0(J(J. He was treasurer of the Erie rail- way company in 1866 and jiersonally loaned the comiKiny $3,500,000, taking unused stock, and bonds convertible into stock, to the amount of S6.000.(K»0 as security. The stock he aftersvard .sold to Vanderbilt, who was ambitious to secure the control of the road, and when that magnate thought he had created a comer in the stock, Drew converted his §3,000,000 of bonds into stock and put it upon the market. The courts enjoined Drew from selling the excess of stock over his loan, but this proved no barrier and in tlie face of the injunction he put his stock upon the market and the corner was Ijroken and Van- derbilt nearly ruined. Drew was obliged to flee to New Jersey carrying with him §7,000,000 of Vanderbilt's money, paid for " watered "' .stock. Vamlerbilt afterward protected Drew from the consequences of his contempt of court, and Drew returned to New York ; but the property of the Erie railway comjwiny fell to the lot of Fisk and <Jould. whom he had educated in finance, and Drew for a time retired from Wall .street. After a few months he returned to find Erie .stock in- flated from $34,000,0f)0 to Sr,7,000,000, and he had no chance ag!iin.st the pupils he had introduced to the financial world. His operations V)ecame inore and more disastrous, his millions rapidly disappeared, and he was finally forced into bank- ruptcy in 1876. He was a meml)er of the Metho

di.st church and in the days of his prosperity contributed large sums to various religious and educational in.stitutions. He founded Drew semi- nary for young ladies, at Carmel, N.Y.. at a cost of §2o0,000 and built Drew theological seminary.

Madison. N. J., at a cost of S275,000. and endowed it with a similar amount which he afterward increased to over half a million dollars. He also increased the endowment fund of the Wesleyan university §100,000 and of the Concord biblical inst.itute to a considerable amount. As these benefactions were made chiefly in notes, those falling due after his failure were not paid, and, except the interest paid by Drew on the notes before 1876, the amount was totally lost to the institutions. This was true of §250.000 to Drew theological seminar}- and §100,000 to "Wesleyan university. He died at the home of his son. Wil- liam H. brew, in New York city, Sept. 18, 1879. DREW, John, actor, was born in Dublin. Ire- land, Sept. 3, 1825. He was brought to America by his parents in 1833, and spent his childhood in Buffalo, N.Y. He decided to become a sailor but after a single voyage returned to land and made his debut in the Bowery theatre. New York, in 1845, taking the part of Dr. OToole in "The Irish Tutor," and continued to act Irish characters in New York city and through the west. In 1849 he joined a stock company in Al- bany, of which Charles W. Couldock was leading man, and remained with it until 1852. On July 27, 1850, he was married to Louisa Lane Mo.s.st)p, the widow of the actor George Mos.sop, and a member of the stock company. In 1852 they were engaged for the stock company at the Chestnut street theatre, Philadelphia. Pa., ap- pearing first in " She Would and She Would Not." and gaining great popularity. In 1853 Mr. Drew un<lertook with William Wheatley the management of the Arch street theatre, but was not succe.ssful, and went on a starring tour, playing in the principal cities of the L"^nited States and England. On his return to Philadel- phia he assumed the management of the National theatre and in May, 1857, produced " The Naiad Queen '* with a ca.st including Jo.seph Jeffersfin.