Page "Daniel Drew" Paragraph 7

In 1870, Fisk and Gould betrayed Drew, manipulating the stock price of the Erie Railroad and causing him to lose $ 1. 5 million.

( Fisk was killed in January 1872 by a jealous rival over a mistress and Gould himself would later be swindled out of $ 1, 000, 000 worth of Erie railroad stock and never controlled the Erie Railroad ).

The Panic of 1873 cost him still more, and by 1876, Drew filed for bankruptcy, with debts exceeding a million dollars and no viable assets.

He died in 1879, dependent on his son for support.