Cornelius Vanderbilt - beginnings as a railroad tycoon

A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors

Part 1 : Colonial and Mercantile America	Part 2 : America in the Gilded Age
Part 3 : America in the Twentieth Century	Encyclopedia of American Wealth
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Part II-Chapter 8 : Railroad Barons > Commodore Vanderbilt : « Previous 1 - 2 - 3 - 4 Next »

Cornelius Vanderbilt - beginnings as a railroad tycoon

… Cornelius Vanderbilt bought all the shares of the New York & Harlem and the shorters had to settle with him for 179 $ a share. In the process, Cornelius Vanderbilt earned $ 5 million, money which his opponents lost outright. In 1864, he acquired a controlling interest in the New York & Hudson River Railroad and upon his proposal to the State Legislature to caution a merger with the Harlem, the scheme repeated, again with Drew on the side of Vanderbilt's opponents. Again Vanderbilt won and he now controlled two consolidated railroads, controlling the route from New York City to Albany …

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