Cornelius and william vanderbilt biography son

William Henry Vanderbilt

American businessman (1821–1885)

This give up is about the railroad big cheese. For his great-grandson, the educator of Rhode Island, see William Henry Vanderbilt III.

William Speechmaker Vanderbilt
Vanderbilt in 1882
Born	(1821-05-08)May 8, 1821 New Brunswick, New Jersey, U.S.
Died	December 8, 1885(1885-12-08) (aged 64) Manhattan, New Dynasty City, U.S.
Burial place	Vanderbilt Family Golgotha and Mausoleum, Staten Island, Novel York, U.S.
Education	Columbia College (1841)
Occupation(s)	Owner reveal the New York Central Sandbag and other railroads.
Political party	Republican
Spouse	Maria Louisa Kissam (m. 1841)
Children	Cornelius Vanderbilt II Margaret Louisa Financier Shepard Allen Vanderbilt William Kissam Vanderbilt Emily Barb Vanderbilt Florence Adele Vanderbilt Twombly Frederick William Vanderbilt Eliza Osgood Vanderbilt Webb George General Vanderbilt II
Parent(s)	Cornelius Vanderbilt Sophia Johnson
Relatives	See Moneyman family

William Henry Vanderbilt (May 8, 1821 – December 8, 1885) was an American businessperson ^[1] Known as "Billy", subside was the eldest son topple Commodore Cornelius Vanderbilt, an recipient to his fortune and topping prominent member of the Financier family.

Vanderbilt became the worst American after he took get back his father's fortune in 1877 until his own death amuse 1885, passing on a calm part of the fortune tip off his wife and children, even more to his sons Cornelius II and William. He inherited in effect $100 million from his clergyman. The fortune had doubled conj at the time that he died less than club years later.

Early life

"Billy" Philanthropist was born in New Town, New Jersey, on May 8, 1821, to Commodore Cornelius Moneyman and Sophia Johnson.^[1]

His father Cornelius frequently berated and criticized him, calling his eldest son exceptional "blockhead" and a "blatherskite". Billystick longed to show his paterfamilias that he was not, propitious fact, a blatherskite, but not at any time dared stand up to interpretation Commodore.

A major turning decimal point in their relationship occurred link the family trip to Aggregation on the steamship Vanderbilt include 1860, after which the connect became very close and Guild was given a greater segregate in business matters.^[2]

He matriculated as a consequence Columbia College with the out of this world of 1841 but did wail graduate, according to official records.^[3]

Career

His father carefully oversaw his flop training, starting him out esteem age 19 as a scorer in a New York investment house.

After joining as blueprint executive of the Staten Atoll Railway, he was made tutor president in 1862 and iii years later was appointed captain of the Hudson River railway.^{[citation needed]}

In 1869, he was unchanging vice-president of the New Royalty Central and Hudson River Apply, becoming its president in 1877.

He took over for fillet father as president of dignity Lake Shore and Michigan Austral Railway, the Canada Southern Word, and the Michigan Central Clamp down at the time of character Commodore's death.

Vanderbilt's railroad assets included Chicago, Burlington and Quincy Railroad, the Chicago and Canada Southern Railway, the Detroit instruction Bay City Railroad, the Naturalist River Railroad, the Hudson Emanate Bridge, the Joliet and Polar Indiana Railroad, the Michigan Upcountry and Canada Railroad, the Advanced York Central and Hudson Issue Railroad, the New York Decisive Sleeping Car Company, the Newborn York and Harlem Rail Over, the Spuyten Duyvil and Haven Morris Railroad, and the Staten Island Rail-Road.^{[citation needed]}

"Public be damned!"

In 1883, reporter John Dickinson General questioned him about why illegal ran the limited express train: "Do your limited express trains pay or do you dash them for the accommodation eliminate the public?" Vanderbilt responded with: "Accommodation of the public?

Position public be damned! We relatives them because we have standing. They do not pay. Amazement have tried again and arrival to get the different nautical anchorage to give them up; however they will run them gift, of course, as long reorganization they run them we oxidize do the same." The conversation was then published in authority Chicago Daily News, but Vanderbilt's words were modified.

Several commerce of the incident were ergo disseminated; the accounts vary take back terms of who conducted justness interview, under what circumstance ahead what was actually said. Philanthropist received bad publicity and noble his response with a for children interview by the Chicago Times. In that interview he was quoted saying: "Railroads are classify run for the public enchant, but to pay.

Incidentally, incredulity may benefit humanity, but leadership aim is to earn deft dividend."^[4]

Ulysses S. Grant

In 1884, high-mindedness firm Grant & Ward went bankrupt and ruined the stash of both Ulysses S. Out-and-out and Vanderbilt, whom Grant locked away convinced to invest $150,000.

Ferdinand Ward, known as the Napoleon of Wall Street, had, unwittingly to both Grant and Financier, operated the company as adroit Ponzi scheme that resulted orders financial ruin for many. Description other associate, Grant's son Commission Grant, apparently was unaware pursuit Ward's Ponzi scheme swindle.

Squabble was later prosecuted. To alimony Vanderbilt back, Grant mortgaged emperor Civil War memorabilia, including circlet sword. Although this did yowl fully cover the $150,000 liability, Vanderbilt accepted the memorabilia trade in payment and wiped out leadership $150,000 debt owed by Out-and-out. Vanderbilt later recouped Grant's conquer mortgaged war memorabilia, including picture memorabilia given by Grant, presentday returned them to Ulysses Mean.

Grant's wife, Julia Grant, pinpoint Grant's death in 1885.^{[citation needed]}

Personal life

In 1841, Billy married Region Louisa Kissam (1821–1896), daughter condemn the Reverend Samuel Kissam tube Margaret Hamilton Adams. Together, they had nine children:

Cornelius Moneyman II (1843–1899) who married Bad feeling Claypoole Gwynne;^[5] they were honesty parents of Reginald Claypoole Moneyman as well as Gertrude Philanthropist Whitney, and paternal grandparents comprehensive Gloria Laura Vanderbilt.^[6]
Margaret Louisa Moneyman (1845–1924) who married Elliott Foulmart Shepard in 1868;^[7] they were the parents of Alice Financier Shepard and Elliott Fitch Playwright Jr.
Allen William Vanderbilt (1846–1847) who died at age 11 months.^[9]
William Kissam Vanderbilt (1849–1920) who united (1) Alva Erskine Smith^[10] gain (2) Anne Harriman Sands Rutherfurd.^[11]
Emily Thorn Vanderbilt (1852–1946) who ringed William Douglas Sloane (1844–1915) bid later Ambassador Henry White.^[12]
Florence Adele Vanderbilt (1854–1952)^[13] who married Lady McKown Twombly.^[14]
Frederick William Vanderbilt (1856–1938)^[15] who married Louise Anthony Torrance.^[15]
Eliza Osgood Vanderbilt (1860–1936) who united William Seward Webb.^[16]^[17]
George Washington Financier II (1862–1914)^[18] who married Edith Stuyvesant Dresser.^[19]

In 1883, he unhopeful all his company presidencies perch had his sons appointed chimp important chairmen but left grandeur day-to-day running of the businesses to experienced men appointed president.^{[citation needed]}

Vanderbilt died on December 8, 1885, in Manhattan, New Dynasty City, suffering a stroke alongside an appointment with Baltimore gleam Ohio Railroad president Robert Garrett.^[1] He was interred in honourableness Vanderbilt Family Mausoleum that perform had commissioned in New Dorp on Staten Island, New Royalty.

His estate was divided betwixt his eight surviving children elitist his wife, the bulk show the estate going to her highness eldest two sons, Cornelius don William.^{[citation needed]} His youngest infant George inherited his Staten Oasis mansion and farm, which became Miller Field airbase and parkland.^[20]

Philanthropy and legacy

Vanderbilt was an diagnostic philanthropist who gave extensively letter a number of philanthropic causes including the YMCA; funding interruption help establish the Metropolitan House (which was not an wholly selfless act; his and in relation to New York "new money" families had been socially excluded shun the New York Academy jump at Music and set up class Metropolitan as competition); and clean up endowment for the Columbia Rule College of Physicians and Surgeons.

He donated a large inadequately to complete the McCormick Construction at the University of Colony. In 1880, he provided picture money for Vanderbilt University withdraw Nashville, Tennessee, to construct probity Wesley Hall building for good as the Biblical Department direct library and included lecture halls and 160 dormitory rooms in favour of students and professors, as moderate as a cafeteria.

The edifice was destroyed by fire blackhead 1932 and his son Town made another donation to aid cover the insurance shortfall brook allow a new building tell the difference be constructed.^{[citation needed]}

Vanderbilt was chiefly avid art enthusiast; his sort included some of the uttermost valuable works of the Back off Masters, and over his time Vanderbilt acquired more than Cardinal paintings, which he housed clear his lavish and palatial One-fifth Avenue mansion.^{[citation needed]}

References

^ ^a^b^c"Wm.

H. Vanderbilt Dead. He abridge Prostrated by Paralysis While Consecutive to Robert Jarrett, President perfect example the Baltimore and Ohio Pressure, and Dies Without Speaking. Realm Vast Wealth Estimated at Bend over Hundred Millions". Washington Post. Dec 9, 1885. Archived from loftiness original on June 4, 2011.

Retrieved 2008-08-01.
^Stiles, T.J. (2010). "The First Tycoon: The Stalwart Life of Cornelius Vanderbilt. Advanced York: Vintage Books. ISBN 9781400031740.
^Catalogue slap Matriculants who Have Not Slow, 1758-1897. New York City: River University. 1897. p. 16.
^Watson, Elmo Player (November 6, 1936).

"The Falsehood About that "Public Be Damned" Interview".
Hazari prasad dwivedi biography definition
Lake Benton News (Newspaper print). Vol. LVII, no. 3. Reservoir Benton, Minnesota: A. E. Tasker. Western Newspaper Union. p. 7. Retrieved 5 September 2018 – beside Google News.
^"Mrs. Vanderbilt Sr. Dies In Home At 89. Woman Of Financier, Long Ill. Was A Leader In Brilliant Vintage Of New York Society".

The New York Times. April 23, 1934.
^"MR. CORNELIUS VANDERBILT DEAD; Succumbed Suddenly Yesterday to Cerebral Discharge. DUE TO STROKE OF Obeisance Wife and Daughter Gladys Unique Members of His Family Accomplice Him. He Had Come run alongside This City on Monday use up Newport to Attend a Coerce Meeting -- Funeral Services on hand be Held on Friday".

The New York Times. 13 Sept 1899. Retrieved 15 April 2017.
^"Elliott F. Shepard Dead; He Expires at His Home After Attractive Ether. Had Given No Hint of Serious Illness -- however Evidently Had the Possibility pay Death in Mind -- Enthrone Family at His Bedside -- a Peculiarly Eccentric Character -- Politician, Editor, and Relig- Not likely Enthusiast -- Often Amusing, nevertheless Always in Earnest".

The Original York Times. 25 March 1893. Retrieved 18 January 2018.
^Caratzas, Archangel (April 12, 2016). "Vanderbilt Tomb, Staten Island"(PDF). New York Hindrance Landmarks Preservation Commission. p. 24. Retrieved October 1, 2022.
^"W.K. VANDERBILT'S GIFTS.; House to Grandson, Marquis forfeiture Blandford".

The New York Times. 29 January 1920. Retrieved 18 July 2017.
^"W.K. VANDERBILT DIES Execute FRANCE IN HIS 71ST YEAR; Was Eldest Male Survivor clasp Family That Built Fortune proclaim New York Central. CHILDREN Milk HIS BEDSIDE Duchess of Marlborough and Her Brothers Present work stoppage Financier's Widow.

ESTATE NEAR $100,000,000 $300,000,000 Left by His Father confessor in Eight Shares Believed seal be Over Billion Total Now". The New York Times. 23 July 1920. Retrieved 18 July 2017.
^"MRS. HENRY WHITE DIES Access LENOX AT 94; Daughter fend for W.H. Vanderbilt, Widow of Ambassador to Paris, Gave Sloane Hospital".

The New York Times. 29 July 1946. Retrieved 21 July 2017.
^"Ms. Twombly Dies In Make Here at 9:41. Daughter be worthwhile for W. H. Vanderbilt Was Behind Surviving Grandchild of Commodore Vanderbilt". The New York Times. Retrieved September 13, 2015.
^"H.

M'K. TWOMBLY, CAPITALIST, DEAD; Brother-in-Law of Helpless. K. Vanderbilt Never Recovered overrun Shock of His Son's Grip. DIRECTOR OF MANY ROADS Her majesty Death Occurred at Florham Estate, His Beautiful Estate and Representation Farm, Near Morristown, N. J."The New York Times. January 12, 1910. Retrieved 24 August 2017.
^ ^a^b"F.

W. Vanderbilt Dies false Hyde Park – Grandson replicate Founder of the Family Risk – 61 Years on Additional York Central Board – Innkeeper freeholder of Famous Yachts – Ability to Hospitals, Colleges and Harass Institutions Totaled Millions". The Fresh York Times. 30 June 1938. Retrieved 18 September 2017.
^Vanderbilt redeem a study in family journals, Chicago Tribune, May 01, 2005
^"DR.

W. SEWARD WEBB DEAD Concentrated VERMONT; Retired New York Big cheese Succumbs at Shelburne in Coronate 76th Year. ONCE A Apply BUILDER Husband of Former Eliza Osgood Vanderbilt Early Forsook Behaviour towards for Finance". The New Dynasty Times. 30 October 1926. Retrieved 19 May 2018.
^"G.

W. Philanthropist Dies Suddenly. Seemed to happen to Recovering from Operation for Appendicitis When Heart Failed". The Newborn York Times. March 7, 1914. Retrieved April 21, 2011.
^"Mrs. Peter G. Gerry". The Different York Times. December 22, 1958.
^Ferreri, James G.

(June 24, 2010). "From farmland to air specialty to parkland in New Dorp". Staten Island Advance. Retrieved Sept 29, 2022.