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Commodore Cornelius
Vanderbilt - shipping magnate
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Although
Cornelius Vanderbilt seemed never directly involved in securing government
subsidies for his steamship enterprises, he managed to benefit greatly from
such money, through the tributes he extorted from those who did. These
included Edward Knight Collins who was subsidized for running a line of
steam packets from New York to Liverpool, in a move to challenge the Cunard
line, which was subsidized by England and run by a Scotsman, Samuel Cunard.
But the largest and most profitable scheme by which Cornelius Vanderbilt
asserted his shipping empire was …
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