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Updated: May 19, 2025
In combination with other powerful men or families of wealth, it shares the dictatorship of many more corporations. Under the Vanderbilts' direct domination are 21,000 miles of railroad lines, the ownership of which is embodied in $600,000,000 in stocks and $700,000,000 in bonds.
The next time, says Andy, 'that I go after the North Pole all the Vanderbilts in Greenland won't be able to turn me out in the cold I mean make it hot for me. "'Tell us about one of your trips, Lieutenant, says one of the normals. "'Sure, says Andy, getting the decision over a hiccup.
As early as 1902 he had all but completed negotiations for the acquisition of the New York Central lines in the interest of the Union Pacific; but this plan had met with opposition from the Vanderbilts and Morgan and had been dropped.
Did the old Knickerbocker families recognise the Vanderbilts? Were the Rockefellers anything at all socially? Did he know Ward McAllister, at that period the Beau Brummel of the metropolitan smart set? Was Fifth Avenue losing its pre-eminence? On what days of the week was the Art Museum free to the public?
Regis and the Gotham, he favoured the great hostelries with contemplative, calculating eyes; he even looked with speculative envy upon the mansions of the Astors, the Vanderbilts and the Huntingtons. She was born and reared in a house of vast dimensions. Even the Vanderbilt places were puny in comparison. His reflections carried him back to the Plaza.
To pay interest and dividends on the hundreds of millions of dollars of inflated bonds and stock which three generations of the Vanderbilts had issued, and to maintain and enhance their value, it was necessary to keep on increasingly extorting revenues. The sources of the profits were palpable.
The two powers controlling the large railroads traversing most of the New England States were the Vanderbilts and J. Pierpont Morgan. The one owned the New York Central, the other dominated the New York, New Haven and Hartford Railroad. The Pennsylvania Railroad likewise had no intention of allowing such a powerful competitor in its own province.
The example of the Astors and the Vanderbilts on the one hand, and Mr. Rockefeller's Benevolent Trust, on the other, show that these ways are infinitely varied and easily learned. Will it take the capitalists longer to learn to use the government for their purposes rather than to abuse it?
The Vanderbilts grew lukewarm; titled connoisseurs from England were not so anxious; and Mrs. Mackay sat back and smiled through her tears. Meissonier had expended over a million francs on his house in the Boulevard Malesherbes in Paris, and nearly as much on the country-seat at Poissy. These places were kingly in their appointments and such as only the State should attempt to maintain.
What if this property had been bought, laid out and graded by the city at considerable expense? The Vanderbilts resolved to have it and get it for nothing. Under special forms of law dictated by them they thereupon took it. The method was absurdly easy.
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