He fought the State of New York for seven years, until, in 1824, Chief Justice Marshall p.r.o.nounced New York wrong and New Jersey right. The opposition vainly attempted to buy him off by the offer of a larger boat.
"No," replied the captain, "I shall stick to Mr. Gibbons till he is through his troubles."
That was the reason why he remained so long in the service of Mr.
Gibbons.
After this war was over, the genius of Captain Vanderbilt had full play, and he conducted the line with so much energy and good sense, that it yielded an annual profit of forty thousand dollars. Gibbons offered to raise his salary to five thousand dollars a year, but he declined the offer. An acquaintance once asked him why he refused a compensation that was so manifestly just.
"I did it on principle," was his reply. "The other captains had but one thousand, and they were already jealous enough of me. Besides, I never cared for money. All I ever have cared for was to carry my point."
A little incident of these years he has sometimes related to his children. In the cold January of 1820, the ship Elizabeth--the first ship ever sent to Africa by the Colonization Society--lay at the foot of Rector Street, with the negroes all on board, frozen in. For many days, her crew, aided by the crew of the frigate Siam, her convoy, had been cutting away at the ice; but, as more ice formed at night than could be removed by day, the prospect of getting to sea was unpromising. One afternoon, Captain Vanderbilt joined the crowd of spectators.
"They are going the wrong way to work," he carelessly remarked, as he turned to go home. "I could get her out in one day."
These words, from a man who was known to mean all he said, made an impression on a bystander, who reported them to the anxious agent of the Society. The agent called upon him.
"What did you mean, Captain, by saying that you could get out the ship in one day?"
"Just what I said."
"What will you get her out for?"
"One hundred dollars."
"I"ll give it. When will you do it?"
"Have a steamer to-morrow, at twelve o"clock, ready to tow her out.
I"ll have her clear in time."
That same evening, at six, he was on the spot with five men, three pine boards, and a small anchor. The difficulty was that beyond the ship there were two hundred yards of ice too thin to bear a man. The captain placed his anchor on one of his boards, and pushed it out as far as he could reach; then placed another board upon the ice, laid down upon it, and gave his anchor another push. Then he put down his third board, and used that as a means of propulsion. In this way he worked forward to near the edge of the thin ice, where the anchor broke through and sunk. With the line attached to it, he hauled a boat to the outer edge, and then began cutting a pa.s.sage for the ship.
At eleven the next morning she was clear. At twelve she was towed into the stream.
In 1829, after twelve years of service as captain of a steamboat, being then thirty-five years of age, and having saved thirty thousand dollars, he announced to his employer his intention to set up for himself. Mr. Gibbons was aghast. He declared that he could not carry on the line without his aid, and finding him resolute, said:--
"There, Vanderbilt, take all this property, and pay me for it as you make the money."
This splendid offer he thankfully but firmly declined. He did so chiefly because he knew, the men with whom he would have had to co-operate, and foresaw, that he and they could never work comfortably together. He wanted a free field.
The little Caroline, seventy feet long, that afterward plunged over Niagara Falls, was the first steamboat ever built by him. His progress as a steamboat owner was not rapid for some years. The business was in the hands of powerful companies and wealthy individuals, and he, the new-comer, running a few small boats on short routes, labored under serious disadvantages. Formidable attempts were made to run him off the river; but, prompt to retaliate, he made vigorous inroads into the enemy"s domain, and kept up an opposition so keen as to compel a compromise in every instance. There was a time, during his famous contest with the Messrs. Stevens of Hoboken, when he had spent every dollar he possessed, and when a few days more of opposition would have compelled him to give up the strife. Nothing saved him but the belief, on the part of his antagonists, that Gibbons was backing him. It was not the case; he had no backer. But this error, in the very nick of time, induced his opponents to treat for a compromise, and he was saved.
Gradually he made his way to the control of the steamboat interest. He has owned, in whole or in part, a hundred steam vessels. His various opposition lines have permanently reduced fares one half.
Superintending himself the construction of every boat, having a perfect practical knowledge of the business in its every detail, selecting his captains well and paying them justly, he has never lost a vessel by fire, explosion, or wreck. He possesses, in a remarkable degree, the talent of selecting the right man for a place, and of inspiring him with zeal. Every man who serves him _knows_ that he will be sustained against all intrigue and all opposition, and that he has nothing to fear so long as he does his duty.
The later events in his career are, in some degree, known to the public. Every one remembers his magnificent cruise in the North Star, and how, on returning to our harbor, his first salute was to the cottage of his venerable mother on the Staten Island sh.o.r.e. To her, also, on landing, he first paid his respects.
Every one knows that he presented to the government the steamer that bears his name, at a time when she was earning him two thousand dollars a day. He has given to the war something more precious than a ship: his youngest son, Captain Vanderbilt, the most athletic youth that ever graduated at West Point, and one of the finest young men in the country. His friends tell us that, on his twenty-second birthday he lifted nine hundred and eight pounds. But his giant strength did not save him. The fatigues and miasmas of the Corinth campaign planted in his magnificent frame the seeds of death. He died a year ago, after a long struggle with disease, to the inexpressible grief of his family.
During the last two or three years, Commodore Vanderbilt has been withdrawing his capital from steamers and investing it in railroads.
It is this fact that has given rise to the impression that he has been playing a deep game in stock speculation. No such thing. He has _never_ speculated; he disapproves of, and despises speculation; and has invariably warned his sons against it as the pursuit of adventurers and gamblers. "Why, then," Wall Street may ask, "has he bought almost the whole stock of the Harlem railroad, which pays no dividends, running it up to prices that seem ridiculous?" We can answer this question very simply: he bought the Harlem railroad to _keep_. He bought it as an investment. Looking several inches beyond his nose, and several days ahead of to-day, he deliberately concluded that the Harlem road, managed as he could manage it, would be, in the course of time, what Wall Street itself would call "a good thing." We shall see, by and by, whether he judged correctly. What was the New Jersey railroad worth when he and a few friends went over one day and bought it at auction? Less than nothing. The stock is now held at one hundred and seventy-five.
After taking the cream of the steamboat business for a quarter of a century, Commodore Vanderbilt has now become the largest holder of railroad stock in the country. If tomorrow balloons should supersede railroads, we should doubtless find him "in" balloons.
Nothing is more remarkable than the ease with which great business men conduct the most extensive and complicated affairs. At ten or eleven in the morning, the Commodore rides from his mansion in Washington Place in a light wagon, drawn by one of his favorite horses, to his office in Bowling Green, where, in two hours, aided by a single clerk, he transacts the business of the day, returning early in the afternoon to take his drive on the road. He despises show and ostentation in every form. No lackey attends him; he holds the reins himself, With an estate of forty millions to manage, nearly all actively employed in iron works and railroads, he keeps scarcely any books, but carries all his affairs in his head, and manages them without the least anxiety or apparent effort.
We are informed by one who knows him better almost than any one else, that he owes his excellent health chiefly to his love of horses. He possesses the power of leaving his business in his office, and never thinking of it during his hours of recreation.
Out on the road behind a fast team, or seated at whist at the Club-House, he enters gayly into the humors of the hour. He is rigid on one point only;--not to talk or hear of business out of business hours.
Being asked one day what he considered to be the secret of success in business, he replied:--
"Secret? There is no secret about it. All you have to do is to attend to your business and go ahead."
With all deference to such an eminent authority, we must be allowed to think that that is not the whole of the matter. Three things seem essential to success in business: 1. To _know_ your business. 2. To attend to it. 3. To keep down expenses until your fortune is safe from business perils.
On another occasion he replied with more point to a similar question:--
"The secret of my success is this: I never tell what I am going to do till I have done it."
He is, indeed, a man of little speech. Gen. Grant himself is not more averse to oratory than he. Once, in London, at a banquet, his health was given, and he was urged to respond. All that could be extorted from him was the following:--
"Gentlemen, I have never made a fool of myself in my life, and I am not going to begin now. Here is a friend of mine (his lawyer) who can talk all day. He will do my speaking."
Nevertheless, he knows how to express his meaning with singular clearness, force, and brevity, both by the tongue and by the pen. Some of his business letters, dictated by him to a clerk, are models of that kind of composition. He is also master of an art still more difficult,--that of _not_ saying what he does not wish to say.
As a business man he is even more prudent than he is bold. He has sometimes remarked, that it has never been in the power of any man or set of men to prevent his keeping an engagement. If, for example, he should bind himself to pay a million of dollars on the first of May, he would at once provide for fulfilling his engagement in such a manner that no failure on the part of others, no contingency, private or public, could prevent his doing it. In other words, he would have the money where he could be sure of finding it on the day.
No one ever sees the name of Cornelius Vanderbilt on a subscription paper, nor ever will. In his charities, which are numerous and liberal, he exhibits the reticence which marks his conduct as a man of business. His object is to render real and permanent service to deserving objects; but to the host of miscellaneous beggars that pervade our places of business he is not accessible. The last years of many a good old soul, whom he knew in his youth, have been made happy by a pension from him. But of all this not a syllable ever escapes _his_ lips.
He has now nearly completed his seventy-first year. His frame is still erect and vigorous; and, as a business man, he has not a living superior. Every kind of success has attended him through life.
Thirteen children have been born to him,--nine daughters and four sons,--nearly all of whom are living and are parents. One of his grandsons has recently come of age. At the celebration of his golden wedding, three years ago, more than a hundred and forty of his descendants and relations a.s.sembled at his house. On that joyful occasion, the Commodore presented to his wife a beautiful little golden steamboat, with musical works instead of an engine,--emblematic at once of his business career and the harmony of his home. If ever he boasts of anything appertaining to him, it is when he is speaking of the manly virtues of his son lost in the war, or when he says that his wife is the finest woman of her age in the city.
Commodore Vanderbilt is one of the New World"s strong men. His career is one which young men who aspire to lead in practical affairs may study with profit.
[Footnote 1: This narrative of the business-life of Commodore Vanderbilt was written immediately after I had heard him tell the story himself. It was written at the request of Robert Bonner, Esq., and published by him in the New York Ledger of April 8, 1865. I should add, that several of the facts given were related to me at various times by members of Mr. Vanderbilt"s family.]
THEODOSIA BURR.
New York does well to celebrate the anniversary of the day when the British troops evacuated the city; for it was in truth the birthday of all that we now mean by the City of New York. One hundred and seventy-four years had elapsed since Hendrick Hudson landed upon the sh.o.r.es of Manhattan; but the town could only boast a population of twenty-three thousand. In ten years the population doubled; in twenty years trebled. Washington Irving was a baby seven months old, at his father"s house in William Street, on Evacuation Day, the 25th of November, 1783. On coming of age he found himself the inhabitant of a city containing a population of seventy thousand. When he died, at the age of seventy-five, more than a million of people inhabited the congregation of cities which form the metropolis of America.
The beginnings of great things are always interesting to us.
New-Yorkers, at least, cannot read without emotion the plain, matter-of-fact accounts in the old newspapers of the manner in which the city of their pride changed masters. Journalism has altered its modes of procedure since that memorable day. No array of headings in large type called the attention of readers to the details of this great event in the history of their town, and no editorial article in extra leads commented upon it. The newspapers printed the merest programme of the proceedings, with scarcely a comment of their own; and, having done that, they felt that their duty was done, for no subsequent issue contains an allusion to the subject. Perhaps the reader will be gratified by a perusal of the account of the evacuation as given in Rivington"s Gazette of November 26, 1783.
New York, November 26:--Yesterday in the Morning the American Troops marched from Haerlem, to the Bowery-Lane--They remained there until about One o"Clock, when the British Troops left the Posts in the Bowery, and the American Troops marched into and took Possession of the City, in the following Order, _viz._
1. A Corps of Dragoons.