Daniel Drew

Date of Birth: July 29, 1797

Zodiac Sign: Leo

Date of Death: September 18, 1879

Biography

Daniel Drew was an American financier, businessman, and railroad developer who played a significant role in the financial history of the United States during the 19th century. Born into a modest family, Drew rose to prominence as one of the most influential and controversial figures on Wall Street. He began his career as a cattle drover and, through shrewd investments and business acumen, eventually amassed considerable wealth. Drew was one of the original “robber barons,” known for his cunning and often ruthless business tactics. He co-founded the Erie Railroad and was involved in numerous financial battles, including the infamous “Erie War” against Cornelius Vanderbilt. Despite his initial success, Drew’s later years were marred by financial losses and legal troubles, leading to his eventual bankruptcy.

5 Interesting Facts about Daniel Drew

1. Daniel Drew was one of the original members of the New York Stock Exchange.

2. He was known for his practice of “watering stock,” a term that originated from his method of inflating the value of his cattle by feeding them salt and then letting them drink large amounts of water.

3. Drew co-founded the Erie Railroad and was a central figure in the infamous “Erie War” against Cornelius Vanderbilt.

4. Despite his financial acumen, Drew ended his life in bankruptcy, losing his fortune due to legal battles and failed investments.

5. Drew was a deeply religious man and donated significant sums to religious institutions, including Drew Theological Seminary, which was named in his honor.