In 1863, Vanderbilt took control of the Harlem in a famous stockmarket corner, and was elected its president. By cutting fares on competing lines, Vanderbilt drove down the Stonington stock price, and took over the presidency of the company in 1847. Please enable JavaScript in your browser's settings to use this part of Geni. Husband of Sophia Vanderbilt and Frank Armstrong Vanderbilt In the early 1860s, Vanderbilt started withdrawing capital from steamships and investing in railroads. Vanderbilt gave $1 million, the largest charitable gift in American history to that date. Vanderbilt also outfitted a major expedition to New Orleans. As one of the richest Americans in history and wealthiest figures overall, Vanderbilt was the patriarch of a wealthy, influential family. Brother of Mary Polly Vanderbilt; Charlotte Egbert; Phoebe Laura Vanderbilt; Jacob Hand Vanderbilt and Eleanor Vanderbilt, http://en.wikipedia.org/wiki/Cornelius_Vanderbilt. He provided the initial gift to found Vanderbilt University in Nashville, Tennessee. Following his wife's death in 1868, Vanderbilt went to Canada where, on August 21, 1869, he married a cousin from Mobile, Alabama, named Frank Armstrong Crawford. But on November 24, 1817, a ferry entrepreneur named Thomas Gibbons asked Vanderbilt to captain his steamboat between New Jersey and New York. He also bought a church for $50,000 for his second wife's congregation, the Church of the Strangers. Explore genealogy for Cornelius Holmes born 1887 died 1963 USA including ancestors + more in the free family tree community. They had granted a license to Aaron Ogden to run a ferry between New York and New Jersey. https://en.geneastar.org/genealogie/?refcelebrite=corneliusvanderbil0 The Commodore had lived in relative modesty considering his nearly unlimited means, splurging only on race horses. Using the name "The People's Line," he used the populist language associated with Democratic president Andrew Jackson to get popular support for his business. Legacy Commodore Vanderbilt willed amounts ranging from $250,000 to $500,000 to each of his daughters. He also donated to churches around New York, including a gift to the Moravian Church on Staten Island of 8½ acres (34,000 m²) for a cemetery in which he was later buried. So he negotiated with Costa Rica, which (along with the other Central American republics) had declared war on Walker. [7], On November 8, 1833, Vanderbilt was nearly killed in a wreck on the Camden and Amboy Railroad in New Jersey. In his will, he left 95% of his $100 million estate to his son William and to William's four sons ($5,000,000 to Cornelius Vanderbilt II, and $2 million apiece to William Kissam Vanderbilt, Frederick Vanderbilt, and George Washington Vanderbilt II). He willed amounts ranging from $250,000 (approximate $4,950,000 in 2008 USD) to $500,000 ($9,920,000 in 2008 USD) to each of his eight daughters. Garrison brought Charles Morgan in New York into the plan. By contrast, Vanderbilt befriended his other foes after their fights ended, including Drew and Cornelius Garrison. Gibbons launched his steamboat venture because of a personal dispute with Ogden, whom he hoped to bankrupt. This brought him into direct conflict with Jay Gould and James Fisk Jr, who had just joined Drew on the Erie board. On November 8, 1833, Vanderbilt was nearly killed in the Hightstown rail accident on the Camden and Amboy Railroad in New Jersey. Born in Staten Island, New York, Vanderbilt began working on his father's ferry in New York harbor as a boy, quitting school at the age of 11. He was the favorite grandson of Commodore Cornelius Vanderbilt, who bequeathed him $5 million, and the eldest son of William Henry "Billy" Vanderbilt … He moved to New Brunswick, New Jersey, a stop on Gibbons's line between New York and Philadelphia, where his wife Sophia operated a very profitable inn, using the proceeds to feed, clothe, and educate the children. Cornelius Jeremiah Vanderbilt, an epileptic, committed suicide in 1882. In his will, he disowned all his sons except for William, who was as ruthless in business as his father and the only one Cornelius believed capable of maintaining the business empire. Though the Commodore had once scorned Billy, he was impressed by his son's success. They moved into a boarding house on Broad Street in Manhattan. Though Vanderbilt kept his own businesses running, he became Gibbons's business manager. He and his wife eventually had 12 children, one of whom died in childhood. In 1870, he consolidated two of his key lines into the New York Central and Hudson River Railroad, one of the first giant corporations in American history. Though both Livingston and Fulton had died by the time Vanderbilt went to work for Gibbons, the monopoly continued in the hands of Livingston's heirs, who had granted a license to Aaron Ogden to run a ferry between New York and New Jersey. Randolph convinced Walker to annul the charter of the Accessory Transit Company, and give the transit rights and company steamboats to him; Randolph sold these to Garrison. Vanderbilt's involvement with early railroad development led him into being involved in one of America's earliest rail accidents. MILLIONAIRE GONE. So he negotiated with Costa Rica, which (along with the other Central American republics) had declared war on Walker. Using the name "The People's Line," he used the populist language associated with Democratic president Andrew Jackson to get popular support for his business. After Thomas Gibbons died in 1826, Vanderbilt worked for Gibbons' son William until 1829. In 1863, Vanderbilt took control of the Harlem in a famous stockmarket corner, and was elected its president. In 1863, Vanderbilt took control of the Harlem in a famous stockmarket corner, and was elected its president. The Commodore had lived in relative modesty considering his nearly unlimited means, splurging only on race horses, leaving his descendants to build the Vanderbilt houses that characterize America's Gilded Age. Lucrative job piloting their steamboat, but it seems that he met match... Earliest steamboat captains, on the Erie Railroad appealed his own case the. Monopoly between New York into the plan step by step, he also bought a for. 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