Show f M nn r Q i RISE OF THE rUE v I I A How Foundations of or tho Colossal Fortuno Fortune Laid Lold Sturdy dy Origin and Inherent Energy of tho the Family 5 w t certain American fa mill There are arc ro that owe ole their growth and Important I to their Inherent energy The two plat platt I t ore are nr most moat by II reason ot of their wealth tire are the and amI the I Both owe oe their consa quence to their fortunes These IMae for tor fortunes torr forr r tunes have been tho ot of lOu IOu lOuI I years years They began their In thu humblest hUmble t way n As Illustrative of Dt the tho manner In which tho tt great estates In AmorIe I have been created the Vua lIntl probably ably ubI furnish the tho beat beit type t ve The Duke of ol Westminster furnishes I Ithe the but ben equivalent Illustration of or th the accumulation of oC great Brent wealth by I his hh class In Grunt Great Rut Hut the growth i of or the Grosvenor estate In has hns been the steady accumulation by onu family of oC wealth for Cor almost 1000 When the founder of or the tho mighty for tor fortune fortune tune trine of oC the died die In 1877 7 lib ho was worth The first flat duke o ot Westminster died In December Del b 9 Hu liu was vas worth about as ns much as nil the Iho found lound founder er Cr df t the Vanderbilt fortunes Cornelius Vanderbilt tho rho commo comma commodore commodore dore dove was born In 1791 He HP one lint lintot of ot eight children Tho rho have havn hl had large families Tho The commodores lived In n a little village in on Stuten Island bland He lie was las a n poor man He lie raised his big family ps III did dud William H 11 Vanderbilt on an nn eighty eight acre Stuten Island Inland farm tarm And there his thorn hard hardold hardold hardold old father tuther let his son lion live until that thai day In 1877 1811 when front from a n place plane that It took hard to make Hake n a living on he moved moed Into Inlo New ew York city and nM took his hIe sent seat among amon the moneyed men of ot Gotham the tho heir hell to n a goodly part i ut t U And here n a 1 digression may ma not be bo out of ot order The fortune of DC tho the Duke of ot Westminster Is held heh under very or differ different different ent conditions con front from that of ot the Van Vanderbilt estate Tho The greater part of the English h dukes estate cannot bo sold nt lit atall nil all The Tile tree free simple that Is 18 the prop property property property erty be parted with It Is entailed Much of at It Is 18 In the form to Im of ot lands and houses In the city of ot Lon London London London don Then there thore are arc three great groat land landed landed landed ed estates belonging b to the Grosvenor estate as 1111 the Westminster property Is III called railed The largest and probably tho the most valuable Is Eaton hull hall In th county of oC Chester Cheater The others are Hal Bal Halkin Balkin kin and both In 1 Not loot an nn acre of ot nil these great grent relt estates can can bo be deeded away uway out Jut of or the dukes es family The Th Vanderbilt property houses bouses land In New York city elt and the great amount of oC stock and bonds bonda of or the New York Central Hudson River railroad and the other railroads the lute own can be sold sohl Just as a ann any nn other railway stock Is la dally sold It Is a notable fact that tho the West Vest Westminster Westminster minster estate does not bring In the In Income conic come the tho great American property we wo woore weare ore are comparing It with docs does Taxes faxes are art very high In England I especially In to eer Clr certain tale tain sections of oC London The Tho city proper of ot London the tho old town as It Itla ItI itla la I culled called c lIed Is only about a 1 mile and n Ic I half halt loll Ions by a 1 mile wide Taxation Is lb very unequal In London Thus It Is that the estate of DC the bring In a n much greater revenue than does tho the British estate valued on the till same ame scale Then the owners of at the till named can sell any portion or all of oC It If Ir they choose The other cannot be bl parted with In tee fee simple at all allI The iThe I life liCe of or the tho first generation of was hard Those who vho could endure hardships alone survived That sort of ot system bred strong men mer and women physically It was a 1 condi conel condition tion not uncommon at nt that time tine The revolution had hac not been over oer long Tho The country was IM new crude with great treat but undeveloped resources There Thero were wele not half halt a dozen families am Illes In New Now York city cit who were able to live without the In Income Income Income come some Borne of ot tho the men were ablo able to earn The Vanderbilt quitted tho the paternal roof roof tree early They h had d to live Cornelius Cor Cornelius Cornelius nelius the tho first and his brother Jacob Jacoh Joined forces for tor a while as us watermen In hi running n a line of ot ferry terry boats from tram New York to Staten Island Jacob soon loon saw lIaw the there n wad wd a II living In tho the for tor one but not for tor two So Soh Solie h lie he bought his brothers Interest and Cornelius turned his attention to other He lie ran a line Une of at freight ht car carrying carrying carrying sailing craft from New York to Albany With the common use uso of ot team steam th the vessels made the trip very vcr quickly When the commodore sold out again his swift boats were making the milo trips In fifteen hours In 11 1149 tho the commodore commodora made the tho greatest stroke of oC his hl life lire With the discovery of at gold HOld an Immense emigration began to California Call CornIa The commodore saw sn hit his chance He put on a 1 line of ot fast tast steamships one sailing every ten days from New York ork to Aspinwall the last port on this Ide of oC the Isthmus of ot Pana Panama Panama Panama ma established n a fast tast line of ot stages I connecting with his steamers from New York Tork carrying their passengers to Panama tho best beat port on the tho Pacific I side BId where whew his steamships met them Ulem t and carried them to San Pan Francisco It I was Wag as In the management of ot this lint lino that Cornelius became the commodore Tha scheme e prospered beyond his hili high highest est cat expectations It was Tins In the th sale of ot this line that the famous affair between himself and Commodore C K Ie Garrison occurred Vanderbilt Vonder had agreed to sell lIell the line to Garrison an old St Louis rouls and New Orleans steamboat captain and oneo anco owner of ot a famous line of at boats from tram St Louis to New Orleans Garrison j hal had na o l some Borne trouble In la netting getting thi large hal had na o l some Borne trouble In la netting getting thi large sum Rum of or money he hid had to tt pay paw pa together He lie finally did get tt It In n the form torm of ot three thre certified checks checkEl f each faCh ch of ot 45 COO but Vanderbilt flatly natly re fused to sign nin the contract on the bill of ot sale PIlle conveying the to tl ner n mon on When the commodore found his hi line had so no Increased In value that It was WM clearing from tram I OO to mono per reI I month he flatly fiath declined d to complete the sale One OM morning after titter I Garrison Gurlon had mode made half halt a R dozen lozen cells calls 1111 en on the recalcitrant he again walked Into his hili office Commodore said he Ive Ie come for tor the last lut time to ask om you ou to keep your Four our business promises and sign this Oils contract I gave gae yu CoU what you asked Will you OU sign It Garrisons face tace was AS very er white Van did not know It then but the I reason Garrison left the Mississippi riv rl I vr Cr r was WOJ that he had killed a 1 planter i iwho i who was as on board one of ot Garrisons boats beats Knowing the HII relatives of ot the ho dead man would kill him to a II certainty It Jf he remained on the river Garrison sold Bold out and went to New ew York Co do much In I No o and iy oy Ill m fever Ver ter sign It roared the fiery tempered walked walk to the outer door of ot the th office locked It withdrew the ke ill and put It Into hi his hili pocket Drawing from his hip pocket a derringer h hI cocked It and ond hM It within six pix Inch cs C I of or and cr ear Sin l hm that Pt before that thai rl clerk rV strikes 11 or Ill Mow blow your our brains nil all allover over OTer this floor noor standing six lr 1 fw feet t three was the most dangerous dan looking man on thi river when ho he h was Waa angry Tick tick tI k went Int th the hI oId time c r o v k 11 It was WAIl four to 11 then n three then two A As the minute hand haid almost reached 11 Garrison on drew th Ih hummer hammer Of at the pistol to full tull ro k Vanderbilt heard It He lie knew knel In one minute more moreIn h he elan d hi his lU hI be I I In to halt half by h a h heR heavy avy pl pistol ol 1 bullet And just Juf t as ee the th machinery 1 the clock dock gave the preliminary tAW rattle announcing that it meant to begin Iti Its stroke Van Yn f t I i picked up his pen and signed sigMa the contract of qt sale Garrison took It carefully blotted the signature rind tind di Ill directed rated Ms his agents II Ie II ts to receive and oM receipt rc fur for thu tho property erty lUnda n a great reat fortune out of ot the hi line flame fomo new vessels and Improving the pie service In several tee rca poets slut BUI Vanderbilt never forgave him him and though they met dally rIll II for tor thirty years they never neer exchanged a word My U Ii the tho time his lili children began to grow Brow 1011 up Commodore aiu waif waa u a wealthy man Ho lie had 1111 three Cor Cornelius nelius William II IL awl George leor c As s la Is usually tho the case ras one sort sod 1101 Was Ins aa his hla Idol This Thin was WIlS George Georg Geor J W In Iii I 1855 when ho was tins sixteen ell years of use age nI and barely eligible lih I George wn was appointed to West Vest Point Ho Ile 11 graduated In 1800 in the only class clam tho flue United States mill mili military tiny tary academy ever err graduated Ills Ilia father delighted and well he hl might I have been bren fur for no noo liner looking young oun was over turned out OUI from tho the military academy Standing Stan a 1 little littleover littleOver over Iner sis nh feet ho was us straight ns as a n lance lanco He lie wont with the Tenth InCan Infantry try tr He lie did dill some sane excellent work worle on the stuff of oC the tho general commanding the rite Army of or the tho Potomac tram front 1801 1601 to when ho he was 18 promoted to a n captaincy on 11 the of ot tho the regular army arul But Dut that fatal enemy eMm of ot youth ton ump lion tion struck him hum he III naked for rind got gut a n long sick leave He lie went abroad thinking the mild of ot Italy Hilly would help him but hut he died Bled at Nice Jan 1 I 1861 just jUt a few days over aver twenty five ills His father tather Wad never the same name after he learned of at death It broke his heart to George tho the commodores commodore fa to favorite son SOil was ns one OM named for tor him Cornelius tall handsome and with ev IV everything In life lite favoring mm Some Somehow Somehow Somehow how nothing Cornelius Jr ever attempt attempted ed etl seemed to succeed He tried various projects but lint nothing ever went well He borrowed from Horace Gree Grce Greeley Icy ley or rather Mr Greeley Indorsed for tor him to that amount Naturally Mr r Greeley had It to pay The Tho commodore helped his hla son na an long as It 11 seemed to tobe tobe be ho of any allY use Finally he ho quit He lie met Mr Greeley one day duy and uld suid Greeley y I understand In Indorsed domed for far Carney Cornet Corner for tor Yes I r have returned the tho great editor of oC tho the Tribune Well you expect me mo to pay his debts debts continued the commodore Well ell replied Mr dr Ir Greeley In his pe peculiar le I culiar cullar highly pitched voice volet who wino In n U 1 has naked you ou to pay me But after Mr Ir Greeleys s death the sum surn was W S n re r returned turned to his estate by some one of at the family After fter his second marriage to t a Mo Mobile bile lady Indy tho the commodore began to t tout out more Into society than he lie had ever done Ho lie was the tho handsomest man In New York of ot his Ida years Tall a 1 little littleover littleover over six nix feet teet two straight ns as a 1 pine line ho he h WAS the tho model of ot a II well tired bred hr gentleman gen cen gentleman About bout this time too ho he com commenced commenced that system of or splendid dona dons donations dons to the tho church and charity that have been so useful and valuable to tu New York and the tho south Through the tho Influence of ot the Ilov Bov Dr Deems Decma he built tho the superb Church of oC the Strangers In InNell New Nell York York and endowed It with a n sum stun to maintain It and Its Itt pastor for tor all time It Is n a 1 place of or worship for tor all strangers In New Nell York Then ho gave for tor the university named for tor him In n Nashville and his suns sons and nna grandson have added addell to the thu original gift I Ct The commodore died In 1877 Before Detore his death however he had taken his grandson randson William Vanderbilt Into the office of ot the New NewYork NewYork NewYork York Central and thoroughly trained him In tho the management of or the road and Its connecting branches He lie Is now time the president of ot the Vanderbilt system 8 from tram New York to Chicago ont ant I of at tho the best managed railway r systems In III the world An of ot the time New York Central If It Irhe ho he Is any rood good l Is fixed for tor life liCe After ACter thirty years of or service he can retie It If Ithe ho he wishes on n a liberal pension If It he ho I Is III Injured In the roads service he Is taken care caro of oC as ns long ns as he lives The commodore never neer had any nn confidence dente dence In his Ills sun son William II H yonder hilts business ability or sense but he turned out to be one olle of ot tho the best railway presidents and managers In America when he ho succeeded to that position for forthe forthe forthe the New York Central and Its connect connecting ing In lines Just how much the Vanderbilt railway rail railway way WU property Is worth nobody but they themselves know It consists cons lilts of ot the New York Central the Michigan Central Cen Central Central Southern and tho the Lake Lkc Shore John Newell was for tor mummy many years the tile general manager of oC the tho entire system Ills HI salary was wan per annum Then each aeh of oC the lines has hilI a n general superintendent superintendent of or Its own The of oC these roads receive the highest salaries that are paid to railroad men In cn ca I dont believe bellec In cheap men said Bald the commodore I want the best and andin In this world you ou cant get anything good without for It Tho rho Cen Central Central has haR a hospital of ot Its own where Its sick HIck or Injured are taken care of ot until they are aI again fit Ct for tor duty hll Very Vcr little of at the stock of ni tho the Vanner Vonuer hilt hill roads Is on the market When It tines lines appear It Is always bought up till for tor forthe forthe the family The result Is that the stach of ot the tone road Is nr no gambled In to any am great rent extent Its bonded debt Is very cry small It U will probably remain In the tho hands of ot the tho family that own It for tor many generations When Wh n It U does doe pans POM out of ot the hands It will probably be 1 through their collateral re relations lations Post |