Cornelius vanderbilt biography summary organizers

The First Tycoon, by T. J. Stiles (Knopf; $37.50). In the panic of 1869, Cornelius Vanderbilt “appeared in the role of a hero,” Stiles writes, praised for steadying the markets with his confidence and his cash. In reality, Vanderbilt’s own machinations had helped push the markets to the brink. He gambled not only his fortune but, with it, the “health of the national economy,” and “the only thing more remarkable than his recklessness was his success.” Vanderbilt started out running a ferry off Staten Island and went on to control shipping lines and railroads; he built Grand Central with his own money. The canvas of his life is so large that giants like Jay Gould appear as bit characters. (There’s also Tennessee Claflin, a “magnetic physician” and clairvoyant turned stockbroker; Stiles thinks that she and Vanderbilt had an affair but discounts some of the more vivid stories about their relationship.) Mark Twain described Vanderbilt as something like the Grinch, the “idol of . . .

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MAN OF HONOR

Chapter Six

Marx says somewhere that men man their own history, but they do not man it just as they please; they do not make it under circumstances chosen bygd themselves.¹ He forgot to add that great plans often come about by accident. How many times had Vanderbilt embarked on important enterprises only because of chance? His start in steamboats beneath Gibbons, his Dispatch Line to Philadelphia, his lower Hudson rutt, his People's Line to Albany, all originated in the unexpected. He was quick to turn trouble to his advantage, and to prey on the weak and vulnerable.

In the 1840s, the strategic balance in the transportation network of Long Island Sound destabilized as new railways were constructed alongside the Boston & Providence and the Stonington. The decade began with the completion of both the Hartford & New Haven and, more important, the Norwich, a line that descended from Worcester, Massachusetts, to the Connecticut seaport that gave it

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CAPTAIN 1794–1847

Chapter One

They came to learn his secrets. Well before the appointed hour of two o'clock in the afternoon on November 12, 1877, hundreds of spectators pushed into a courtroom in lower Manhattan. They included friends and relatives of the contestants, of course, as well as leading lawyers who wished to observe the forensic skills of the famous attorneys who would try the case. But most of the teeming mass of men and women—many fashionably dressed, crowding in until they were packed against the back wall—wanted to hear the details of the life of the richest man the United States had ever seen. The trial over the will of Cornelius Vanderbilt, the famous, notorious Commodore, was about to begin.

Shortly before the hour, the crowd parted to allow in William H. Vanderbilt, the Commodore's eldest son, and his lawyers, led by Henry L. Clinton. William, “glancing carelessly and indifferently around the room, removed his overcoat and