ways ▁and ▁decided ▁in ▁ 1 8 6 6 ▁to ▁corner ▁the ▁market ▁on ▁Er ie ▁by ▁sil ently ▁sc oop ing ▁the ▁Er ie ▁rail road ▁stock . ▁After ▁succeed ing , ▁V ander b ilt ▁permitted ▁D rew ▁to ▁stay ▁on ▁the ▁board ▁of ▁direct ors ▁in ▁his ▁former ▁capacity ▁as ▁a ▁tre as urer . ▁ ▁Water ed - down ▁stock s ▁Between ▁ 1 8 6 6 - 1 8 6 8 , ▁Daniel ▁D rew ▁consp ired ▁with ▁James ▁F isk ▁and ▁Jay ▁G ould , ▁whom ▁he ▁brought ▁on ▁the ▁board , ▁to ▁issue ▁sp ur ious ▁Er ie ▁Rail road ▁shares , ▁thus ▁" water ing ▁down " ▁the ▁stock , ▁of ▁which ▁uns us pect ing ▁Corn el ius ▁V ander b ilt ▁bought ▁a ▁large ▁quantity . ▁V ander b ilt ▁lost ▁more ▁than ▁$ 7 ▁million ▁in ▁his ▁attempt ▁to ▁gain ▁control ▁over ▁Er ie ▁Railway ▁Company , ▁although ▁G ould ▁later ▁returned ▁most ▁of ▁the ▁money ▁under ▁threat ▁of ▁lit ig ation . ▁As ▁a ▁result , ▁V ander b ilt ▁conced ed ▁control ▁of ▁the ▁rail road ▁to ▁the ▁tri o . ▁They ▁were ▁involved ▁with ▁the ▁cor rupt ▁Tam many ▁Hall ▁political ▁party ▁machine , ▁and ▁made ▁B oss ▁Twe ed ▁a ▁director ▁of ▁the ▁Er ie ▁Rail road . ▁Twe ed ▁( who ▁later ▁died ▁in ▁prison ▁for ▁em be zz lement ▁and ▁fra ud ), ▁in ▁return ▁arranged ▁favor able ▁state ▁legisl ation ▁in ▁Alb any ▁for ▁them