Cornelius Vanderbilt


Also found in: Dictionary, Thesaurus, Wikipedia.
Cornelius Vanderbilt
Birthday
BirthplaceStaten Island, New York, U.S.
Died
Occupation
Entrepreneur

Vanderbilt, Cornelius,

1794–1877, American railroad magnate, b. Staten Island, N.Y. As a boy he ferried freight and passengers from Staten Island to Manhattan, and he soon gained control of most of the ferry lines and other short lines in the vicinity of New York City. He further expanded his shipping lines and came to be known as Commodore Vanderbilt. In 1851, when the gold rush to California was at its height, Vanderbilt opened a shipping line from the East Coast to California, including land transit across Nicaragua along the route of the proposed Nicaragua Canal. In Central America he came to be a violent opponent of the military adventurer William WalkerWalker, William,
1824–60, American filibuster in Nicaragua, b. Nashville, Tenn. Walker, a qualified doctor, a lawyer, and a journalist by the time he was 24, sought a more adventurous career.
..... Click the link for more information.
.

After the outbreak of the Civil War, he entered the railroad field, and by 1867 he had gained control of the New York Central RR. Although his efforts to gain control of the Erie RR proved unsuccessful, Vanderbilt vastly expanded his railroad empire and by 1873 connected Chicago with New York City by rail. He amassed a great fortune and gave $1 million to found Vanderbilt Univ.Vanderbilt University,
at Nashville, Tenn.; coeducational; chartered 1872 as Central Univ. of Methodist Episcopal Church, founded and renamed 1873, opened 1875 through a gift from Cornelius Vanderbilt. Until 1914 it operated under the auspices of the Methodist Church.
..... Click the link for more information.

A son, William Henry Vanderbilt, 1821–85, b. New Brunswick, N.J., succeeded Cornelius Vanderbilt as president of the New York Central RR and augmented the family fortune. He gave liberally to Vanderbilt Univ., to the College of Physicians and Surgeons (now part of Columbia Univ.), and to various other institutions.

Cornelius Vanderbilt, 1843–99, b. Staten Island, N.Y., was a son of William H. Vanderbilt. He took over the family holdings and helped to establish the Vanderbilt Clinic (affiliated with Columbia-Presbyterian Medical Center) and the Cathedral of St. John the Divine in New York City. With his wife, Alice Gwynne Vanderbilt, 1845–1934, he built the famous "Breakers" estate in Newport, R.I. Their daughter, Gertrude Vanderbilt Whitney, 1875–1942, became a sculptor, art patron, and founder (1930) of New York's Whitney Museum of American Art. Her niece and ward, Gloria Vanderbilt, 1924–, became a well-known designer of jeans and other clothes in the 1970s.

Another son of William H. Vanderbilt was William Kissam Vanderbilt, 1849–1920, b. Staten Island, N.Y., who also helped establish the Vanderbilt Clinic. He was a yachtsman, and his wife was a well-known society leader. The fourth son of William H. Vanderbilt was George Washington Vanderbilt, 1862–1914, b. Staten Island, N.Y. He engaged in numerous philanthropies, giving to agricultural research and donating land for the establishment of Teachers College, Columbia Univ. He also built the estate "Biltmore," near Asheville, N.C.

One of the sons of Cornelius Vanderbilt the younger was Alfred Gwynne Vanderbilt, 1877–1915, b. New York City. A noted horse breeder, he went down on the Lusitania. One of the sons of William K. Vanderbilt, Harold Sterling Vanderbilt, 1884–1970, born Suffolk co., Long Island, N.Y., gained note as a sportsman. He won the America's Cup yachting races three times. The modern game of contract bridge was largely invented by him. A grandson of the younger Cornelius Vanderbilt, Cornelius Vanderbilt, Jr., 1898–1974, became a well-known writer, newspaper publisher, and movie producer.

Bibliography

See biographies of Commodore Vanderbilt by W. J. Lane (1942) and T. J. Stiles (2009); W. Andrews, The Vanderbilt Legend (1941); E. P. Hoyt, The Vanderbilts and Their Fortunes (1962); C. Vanderbilt, Jr., Man of the World; My Life on Five Continents (1959).

Vanderbilt, Cornelius

(1843–99) businessman, philanthropist; born near New Dorp, N.Y. The eldest son of William H. Vanderbilt, he was a favorite of the "Commodore" and became an assistant treasurer of the New York & Harlem Railroad in 1867, serving as its president from 1886–99. Patriarch of the Vanderbilts from 1885, he directed the family investments with the aid of his brother William Vanderbilt, and he served on the boards of many corporations. Among his benefactions was the New York College of Physicians and Surgeons (Columbia University), the New York General Theological Seminary, and Yale University.

Vanderbilt, Cornelius (“Commodore”)

(1794–1877) steamship and railroad developer, financier; born in Port Richmond, N.Y. He began as a ferryman between Staten Island and New York City (1810), then worked for Thomas Gibbons (1818–29) and assisted him in his fight against the steamboat monopoly before establishing his own steamboat business. By 1846 he was one of the richest men in America. In 1849 he started a steamship line to California that involved traveling overland through Nicaragua; when his employees tried to cheat him out of his business with the aid of American filibuster William Walker, Vanderbilt helped eject Walker from Nicaragua (1857) and regained control of his line; he then sold it to the Pacific Mail Steamship Company. Shifting his interest to railroads, by 1862 he was buying stock in the New York & Harlem Railroad; soon he was extending its service and became president; he then acquired the Hudson River Railroad and the New York Central and by 1872 had consolidated them as the New York Central. In the next few years he acquired even more lines and extended his railroad empire into Michigan and Canada. Although his success definitely rested in part on his insistence on providing the best service and on using the best equipment, he could be a ruthless competitor. His most famous business battles were fought against Daniel Drew, first over steamships, then railroads. In 1868, Drew, along with Jay Gould and James Fisk, defeated Vanderbilt's attempt to add the Erie Railroad to his well-run rail system by their fraudulent stock manipulations known as the "Erie Wars." Never one for giving to charity, he made an exception near the end of his life with gifts totaling $1 million to Central University in Nashville, Tenn.; it renamed itself Vanderbilt University (1873). When he died with an estate of some $100 million, he was the wealthiest man in America.
References in periodicals archive ?
The First Tycoon: The Epic Life of Cornelius Vanderbilt, New York: Vintage Books/Random House, Inc.
With the development of the Long Island Railroad, a new recreational maritime industry emerged, transporting well-heeled New Yorkers, including Teddy Roosevelt and Cornelius Vanderbilt, to marshland hotels for hunting adventures.
THE FIRST TYCOON: THE EPIC LIFE OF CORNELIUS VANDERBILT tells of the founder of a dynasty who amassed a great fortune and became an American legend--but it goes beyond the usual casual review and offers the first complete biography of the man.
Since entering the collection of Mrs Cornelius Vanderbilt, the watercolour has been passed down through the family.
In 1863, Cornelius Vanderbilt gave $1 million to found a university to support the tenets of the Methodist Episcopal Church, South, and to create a campus where faith and reason could exist alongside each other.
In the 1850s, adventurer William Walker, with the support of tycoon Cornelius Vanderbilt, seized power in Nicaragua.
Cooper, a great-great-grandson of railroad magnate Cornelius Vanderbilt, is the son of designer Gloria Vanderbilt.
Steamship baron Cornelius Vanderbilt meets with Walker in the desert outside his private railcar, like some seedy pasha.
During the legal formalism period, a curious blend of natural law, social Darwinism, and laissez-faire economics legitimized the looting of America by plutocrats such as Jay Gould and Cornelius Vanderbilt.
According to legend, a diner, believed to be Commodore Cornelius Vanderbilt, sent his fried potatoes back to the kitchen because they weren't crunchy enough.
The materials are divided into 14 sections: (1) "Purpose"; (2) "Letter from Superintendent"; (3) "Forward: Miracle of America"; (4) "Preface: From Oppression to Freedom"; (5) "American Heritage Themes"; (6) "1622 Mayflower Compact--Responsibility" (HISD Character Education Focus October); (7) "1776 Declaration of Independence--Freedom" (HISD Character Education Focus November); (8) "1787 Federalist 47--Responsibility" (HISD Character Education December); (9) "1791 First Amendment--Unity" (HISD Character Education Focus February); (10) "1794 Entrepreneurs in History--Progress" (HISD Character Education Focus April; Cornelius Vanderbilt, Andrew Carnegie, James Hill, John D.
Fulton's colorful interactions with period notables like Napoleon, Thomas Jefferson, Cornelius Vanderbilt, et al concerning his dreams of furthering waterborne commerce via canals, developing steamboats for commercial and military applications, and designing and employing torpedoes for maritime defense demonstrated that Fulton's passions, while sometimes misplaced, were nonetheless borne of improvising genius and driven by an intense need for societal approval and financial security.

Full browser ?