Monday, Aug. 10, 1931

Reformed Lady to Cleveland

Once notorious as "the Scarlet Lady of Wall Street," the Erie Railroad, as everyone knows, has long since reformed and led a most exemplary life. So exemplary, indeed, that some years ago those two most respectable Clevelanders, the Brothers Van Sweringen, took the Erie unto themselves in lawful wedlock. Now the brothers are taking their bride to Cleveland. Last week the first special trainload of Erie employes and families chuffed out of New York bound for the road's new headquarters in Cleveland (which will not, for the present at least, be located in the Van Sweringen's skyscraping Terminal Tower). All through August more special trains will chuff away with more Erie families, until by the end of the month the 1,000-odd inhabitants of the Erie's New York office will all be installed in Cleveland. Wall Street oldsters recalled that the last time the Erie moved was in 1868 --a highly immoral escapade across the Hudson with Messrs. Jay Gould, Jim Fisk and "Uncle Dan'l" Drew, three most disreputable characters. Commodore Vanderbilt's legal maneuvers had made it too hot for Gould's company in New York, so they packed up the Erie books, boarded a ferry, set up the road's offices in Jersey City's Hotel Taylor. There they held "Fort Taylor," aided by Erie detectives, cannons and an armed fleet of lifeboats commanded by "Admiral" Fisk, until the Commodore came to terms.

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