All of those included have a common ancestor: Commodore Cornelius Vanderbilt. Although they were not successful, his temporary absence from his business proved to be costly, but he quickly recovered. He also opened passenger and freight service to the Long Island Sound, Providence and Connecticut areas. Cornelius began the job but realized he would need help, so he made a deal with other local youths, getting them to assist with the promise that he would give them rides on his new boat. Impressed, Vanderbilt became a secret partner with Drew for the next thirty years, so that the two men would have an incentive to avoid competing with each other. While he was away, White conspired with Charles Morgan, Vanderbilt's erstwhile ally, to betray him, and deny him money he was owed by the Accessory Transit Company. Vanderbilt was thus able to expand his business further. By continuing, you agree to our Subscribe to NNI's new monthly e-newsletter and email list to receive information about New Netherland-related events, activities, conferences, and research. Between 1814 and 1818 he expanded with additional schooners for freight and passenger services in Long Island Sound and in the coastal trade from New England to Charleston, South Carolina. There was a lot of competition in the ferry service business, but Vanderbilt competed on the basis of lower fares, asking as little as 18 cents per trip. He embraced new technologies and new forms of business organization, and used them to compete....He helped to create the corporate economy that would define the United States into the 21st century. Vanderbilt's control of the American transportation business was so extensive that anyone wishing to travel or ship goods had no choice but to contribute to his growing fortune. The Vanderbilt University was established by him too. Vanderbilt fought the law, and eventually the U.S. Supreme Court, led by Chief Justice John Marshall, ruled it invalid in a landmark decision. Natural history & native life through the eyes of an original settler, Peter Douglas's Totidem Verbis [8], Cornelius Vanderbilt was born in Staten Island, New York on May 27, 1794 to Cornelius van Derbilt and Phebe Hand. 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 United States history. 415-416. The large profits from this allowed him to build a schooner which traveled over Long Island Sound and two more vessels for the coastwise trade. Vanderbilt opened service to Long Island Sound, Providence, Boston, and points in Connecticut. He eventually merged all his initial acquisitions into what became known as the New York Central Railroad. The immediate cause of his death was exhaustion, brought on by long suffering from a complication of chronic disorders. Gould never got the better of Vanderbilt in any other important business matter, but he often embarrassed Vanderbilt, who uncharacteristically lashed out at Gould in public. HE WAS KNOWN AS THE COMMODORE, OR COMMODORE CORNELIUS VANDERBILT. Anderson Cooper was the grandson of Reginald Claypoole Vanderbilt and the great great great grandson of the Commodore, Cornelius Vanderbilt [1794-1877]. When the Confederate ironclad Virginia (popularly known in the North as the Merrimack) wrought havoc with the Union blockading squadron at Hampton Roads, Virginia, Secretary of War Edwin Stanton and President Abraham Lincoln called on Vanderbilt for help. NNI is registered as a 501(c)(3) non-profit organization. This branch is headed up by Reginald Claypoole Vanderbilt. When the War of 1812 began, forts were garrisoned in New York Harbor, in anticipation of an attack by the British. [16]:391–442, In 1868, Vanderbilt fell into a dispute with Daniel Drew, who had become treasurer of the Erie Railway. When Vanderbilt died in 1877, his fortune was estimated to be in excess of $100 million. Branching out, Vanderbilt began steamship service between New York and cities in New England and towns on Long Island. Such was his energy and eagerness in his trade that other captains nearby took to calling him The Commodore in jest – a nickname that stuck with him all his life. To do so they acquired the Lakeshore and Michigan Railway, the Michigan Southern, the Canadian Southern and the Michigan Central Railroad, creating for that time the largest American system of railway transportation. Vanderbilt married a distant cousin when he was 19, and he and his wife would eventually have 13 children. That same year, the American military adventurer, William Walker, led an expedition to Nicaragua and briefly took control of the government. Vanderbilt successfully finished the job of clearing the acreage, borrowed the money, and bought the boat. There is no definitive biography of Vanderbilt.

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