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  >  Cornelius Vanderbilt II   Previous   1 - 2 - 3 - 4 - 5   Next

   Cornelius Vanderbilt II  

Cornelius Vanderbilt II was a solid, unimaginative and conservative estate manager, much in the way his father was, but unchallenged in a quieter time of railroad consolidation. He avoided ventures into the new industries that grew in America and also opposed extension of the Vanderbilt railroad system West of Chicago. Because of his refusal to support the Union Pacific Railroad in 1892, the Vanderbilts never achieved a Transcontinental railroad and the property, which was coveted by Jay Gould prior to his death was eventually reorganized by Edward Henry Harriman

 

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