Cornelius Vanderbilt: photo, biography, quotes, sayings

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2020-05-03 08:20:26

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If you trace the history of all known large capital, those that are now called “old money”, most often at the origins of the first profits will be a person with questionable moral principles, but with a huge charisma. And this applies to any of the contemporary princes, lords and senators. It is worth remembering national history, not even so far to understand that after some hundred years the descendants of people who made a fortune in the 90-ies of the last century, if not will be with the titles, you probably will be respected by people on all continents. Unless, of course, the capital will multiply. Sometimes effeminate descendants just squander state. It happened with the legacy of the first richest man in America.

The Name of Cornelius Vanderbilt in the United States know all its operations are included in the economic textbooks, his name is shake the coaches and teachers of personal growth strategies. But his story and the story kind of ends with his son. This was not the dream of a billionaire.

Cornelius Vanderbilt

Family Vanderbilt

Cornelius was the fourth child in the family, it completely sounds like Cornelius Vanderbilt, Jr., his name he received in honor of his father. The birthplace was the family farm, it happened in may 1794. Like all Americans, van der Bility were emigrants, who yearned to rebuild their lives to an acceptable level. Of the millions no one wanted. And a lot of good work to feed the family and earn for a peaceful old age, perhaps it was the only financial motivation for family. The name Vanderbilt was initially formed of three components: Vanderbilt. Over time the gaps have been smoothed out, and the name has acquired a unity both in pronunciation and in writing.

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The father of the future tycoon earned on a small farm, hiring workers to work in the port. In his understanding, Maritime and port life – it is a very heavy burden that only has a dirty job and a little work. This idea he inspired his fourth son, but the boy understood everything on his own. In his dreams, marine life meant freedom, wealth and unlimited possibilities. Since childhood, distinguished by a sharp temper, Cornelius Vanderbilt wanted to quit school at the age of 11 in order to do my own thing. And even left her walls, but to the port took up to 16 years of age worked on the family farm. But even if I wanted to continue studying, he couldn't do it. My first business and the scandal he made in the walls of the school.

First experience of trading and blackmail

Before heading for the first million, Cornelius Vanderbilt showed a scandalous nature, entrepreneurship and rigidity in problem solving. The case occurred in school, where the young Moneymaker learned reading and arithmetic.

Teachers at a local school was no different from the surrounding hard workers, in addition to the ability to write, read and count. The rest of the list “virtues” was common, and drunkenness, took first place. Noticing one day the agony of a hangover from one of their teachers, Cornelius decided to relieve suffering and offered as a treatment for maize vodka of dubious origin. Of course, it cost some money. Teacher could not resist and admitted “Savior” in his sins, especially that brought the drink were cheaper than in nearby saloons.

How long was this symbiosis, history is silent, but one day his teacher decided to escape from the clutches of the student. It is here that revealed the true nature of the business sharks: Cornelius Vanderbilt said that the whole story he'll tell the school Director and all others which depend on the teacher stay on the job. Tom had to immediately give up. The story in the end has become apparent, a scandal broke, the teacher expelled in disgrace, Cornelius himself was gone.

Later, he said: “If I spent the time to study, I would do nothing did not earn". This attitude to school philosophically unites him with all the Nouveau riche of the period of industrialization of America.

Cornelius Vanderbilt photo

Business for $ 10

Vanderbilt Cornelius briefly wondered how exactly to earn money and where to get start-up capital. The parents, he asked for ten dollars to buy a sailing boat. The amount for farmers is quite large, and the father could not decide on this adventurous step, especially if the case concerned the port and all related issues. But the mother knew his son and chose to grant his request, but before to work on the farm. To obtain start-up capital, Cornelius had to sweat in the household: to carry stones, dig the land, plant plants, etc. - work on the ground is always a lot. After completing all the promised he received from the mother of her personal savings.

The First watercraft

Do Not delay it under the rug and not engaging in reflection, the newly-minted sixteen-year-old sailor immediately went for the purchase of a sailboat. The purchased vessel was fragile, barely kept afloat, but the captain was determined to become a major carrier in the area of new York Harbor. Competition on the transport of residents from one coast to the other was huge, it was the only way to get from one part of town to another. Many had made the voyage several times a day, floating taxis fought for each passenger and for a place underthe sun between them. Cornelius Vanderbilt was too young and, according to seasoned agents, to deal with it presented no difficulty.

For the first time his ship tried to sink every night. Figuring out what it is, Vanderbilt realized that the boat strikes the bottom. The anger was so great that in the course went fists, swearing. Crazy pressure did the trick – it began to fear. To inspire fear in his opponents helped a huge growth under two meters, tinned throat and a stock of colloquial words and phrases, clearly proved in a dispute its advantage.

K. Vanderbilt made my first million on

After the first incident, the competition has subsided, but the guy got “residence”. Many times he will have to address issues like that, but it forged a legend under the name of Cornelius Vanderbilt. Biography of the tycoon is full of fights, eccentricities, cruelty and ability to achieve goals.

Strategic dumping

For a short time, realizing that playing by the General rules profitable and quick money will fail, Cornelius Vanderbilt created its own rules. The ship called “Fast”, according to rumors, barely kept afloat and threatened to sink every moment, but nevertheless passengers used its services. Three dollars per person - that's how much it was worth to go on the other side of new York, and many took everything. Vanderbilt reduced the fare to one dollar, and ridership has increased significantly. Eager to get across the river began to fight for a place in his boat and were ready to be each other's knees just to save.

Twelve months Cornelius gave his mother borrowed ten dollars, and the cash family joined a thousand. He created the atmosphere among the carriers did not contribute to understanding the price had to reduce all, someone went bankrupt. To get rid of upstart wanted. Fighting was a regular thing for Vanderbilt, the vocabulary was enlarged with nautical terms and obscenities. However, Cornelius Vanderbilt earned funds to expand their business.

C. Vanderbilt

First fleet

After purchasing a few boats, Vanderbilt picked up a team matched to himself, all swore, knew how to intimidate the rival fierce, strong word, but if necessary, and fist. A small flotilla worked actively, shamelessly dumping, he would have occupied the entire market. But in 1812-1815 was a confrontation between England and America. K. Vanderbilt, risking ships and lives, continued Maritime transport, only now he carried the equipment and provisions for the army.

Services for the supply of the army was not free, besides Cornelius established a speculative scheme to buy popular products in one part of new York city and sold in another. Gesheft from the resale, he believed the side, but the main purpose was enrichment, but because this business was also excellent. Gradually, he bought up all the floating craft carriers and almost became a monopoly. It took seven years. He became a master in the coastal trade, one of the best suppliers, earned the name of the Commodore, amassed fifteen thousand dollars, but... the era of steamboats.

Captain

Not once Cornelius Vanderbilt assessed the prospects of the shipping vessels, and realizing, decided to play it safe. For success he needed knowledge about the new ships and their capabilities. As a person, does not tolerate partial solutions, he sells all his fleet and employed as a steamship captain on the ship Thomas Gibbons, with a salary of one thousand dollars a year. At the same time, he married a humble girl from the neighbouring farm, Sophia Johnson.

The Steamer Gibbons under the direction of captain Vanderbilt cheerfully made flights from new York to new Jersey. Transported goods for different purposes and passengers. Having studied for several years all the details of shipping and carting of big business, Cornelius Vanderbilt was persuaded Gibbons to work together to build a new ship.

Cornelius Vanderbilt

A New era of business

Vanderbilt has invested in a new ship all their money and made the project. A new ship called Bellona, and Cornelius Vanderbilt, as the leader of the enterprise, revived its own style of doing business – he became desperate to dump. The fare on the “Balonne” was only $ 1, which was four times less than all other carriers.

Competitors, at whose side was the law, several times sue him in court for the cunning captain came bailiffs, but every time he moved away from them. It was rumored that the vessel has a covered cabin, which knows only the commander, and therefore he so easily hidden from Themis. Conquering a dominant position in the business, he behaved as an invader and the wolf, tearing competitor to shreds, in fact, as befits a man with the name Cornelius Vanderbilt.

He Also founded another business: he purchased a small hotel with a tavern on the Bank of the river, where folks could live while awaiting his ship and just have a good time. Mistress was his wife. This continued until 1829. In his pocket already accumulated thirty thousand dollars, but he was greedy, this K. Vanderbilt, the first million shimmered sazanami the prospects are far ahead. Then it was time for the big game.

Cornelius Vanderbilt as a leader

Disclaimer as a form of income

Cornelius Vanderbilt - a great entrepreneur, and it became clear in the organization of the first monopoly. Eager to start their own business, no problem, he sells his share in new Jersey and moved to new York. Wife resisted changing their place of residence, but the head of the family got her a very extravagant way: disagree with his decision the wife he put for two months in an institution for the insane.

Back in new York, he founded the steamship company and engaged in the familiar case: carrying cargo and passengers, but the fare is only twelve cents.

The Steamer runs between new York and Pixella on this route by the time Vanderbilt was already a monopolist. And he was driven out of the market. Then he started competing with Guzikowski river Association, having the big guns – do not take money for the fare. But naive passengers waited for the heavy blow from gratuitous transportation: the cost of food and drinks on the ship was inflated several times, partially offsetting dumping Vanderbilt game. Association of river Hudson surrendered: this was the first occasion when the company asked for a private Transporter to curtail their activities. As compensation offered a hundred thousand dollars and five thousand dollars each year for ten years. The commander agreed!

The First million

Vanderbilt moved its operations and carries passengers to Boston, long island and the cities of Connecticut. Business blooms for forty years, Cornelius had accumulated the state for half a million dollars, but the thirst for money is not quenched. The family moved again, now in long island. Continuously dumping, commander survives competitors, receives compensation and by 1846 his ships are moored in all the major cities of America. This is the year K. Vanderbilt made my first million on the shipping business.

Cornelius Vanderbilt sayings

Panama canal

In 1848 in California has discovered gold deposits, and another fever swept America. The easiest way was to go through Panama, the idea to dig a canal was not new, but the energy for the realization of the idea first showed Vanderbilt. Unfortunately, the technical means then not enough, and Cornelius decided the issue of reducing travel time for miners own way. Agreeing with the Nicaraguan government, he organized Charter flights, through which seekers of a quick profit was on the spot two days earlier than their counterparts who applied in other companies. Each year, transit passengers were brought to Commander one million of net income.

The idea of building the Panama canal did not leave Vanderbilt. Once again selling the entire business, Cornelius went in search of companions. Thus was founded the Panamanian company Accessory Transit Co.

Private life

On the eve of the sixtieth anniversary of the head of the family Vanderbilt in full force went in their own boat to travel around Europe. The ship was called «North star" of its project and design dealt with personally, Cornelius Vanderbilt. Photo cabin fun were printed in the then press. The taste of a millionaire was specific and all that concerned his personal possessions, out pompous, screaming luxury. To shock the audience loved commander, with the arrogance reminding others where he came from “people” and how many classes he education. The Newspapers of that time often were interviewing him, one of them, he said: “All my life I went crazy for the money, the invention of new ways to do them didn't give me time to education”.

No less pompous was his house on Staten island, built with all the desires of the Mogul. It was a fantastic explosive mixture of different styles, had three floors, the furnishings were the richest in value and tasteless design. The most challenging art object of the house was a statue with the caption “Cornelius Vanderbilt”. Photos of the mansion are often published in the media of the time.

Cornelius Vanderbilt, the great entrepreneur

Railroad tycoon

In 1853 the family of the Vanderbilts went on a journey, it was the first full vacation of Cornelius. To manage the Affairs of the company Accessory Transit Co he left his two quirky employees who by fraud, seized a controlling stake. The anger of the Commander resulted in the telegram: «Lord! You dared to deceive me. I'm not going to serve you in court, as the judicial machine is very slow. I will destroy you. Sincerely, Cornelius Vanderbilt”. As said, did so – profit from the war for his property returned to triple size. The trial lasted several years, won Cornelius Vanderbilt. The statements of the Baron in the address of Themis and former employees has been widely quoted in the press.

One day, making the trip by rail, the commander realized that land transport is safer and cheaper, and the prospects for this business promised huge profits. Vanderbilt once again sells its entire business and buys the unprofitable at that time the railroad - Harlem.

Buying a short branch railway and other companies, he worked on mergers and acquisitions. Investing in development, he was able to make of small branches long railway route. Thus was formed theCentral new York railroad. In the usual way – reducing the price of transportation, Cornelius Vanderbilt soon became the owner of two long and profitable Railways – Harlem and new York. During this period, he leads a fierce competition, which only adds spice to the life. During the five-year train epic Vanderbilt entangled rail rail half of America, the cost of tickets for its trains were always lower than others.

Cornelius Vanderbilt Jr.

Successors

The tycoon had 11 children, four of them boys. In virtue of their education the girls father was not paying attention – they won't bear his surname after marriage, and the family business should be transferred to the son who will continue it. Of the sons of the most promising, during the life of the father of a recognized financial genius was William Vanderbilt. And he got almost all of the state of Cornelius: $ 90 million. The total amount of heritage was the largest state of America at that time – 102 million dollars. The remaining 12 million were distributed to charitable organizations and other children.

No matter How treated by his contemporaries and descendants, his work wittingly or unwittingly, served the development of the country, even if the main goal was profit, but that's what was Cornelius Vanderbilt. Quotes from his interview went on the books, and many of them have become mantras for entrepreneurs. But the decisive factor in the activities of the magnate was the nature and irrepressible inventiveness in “the taking of funds from the population”.


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Alin Trodden - author of the article, editor
"Hi, I'm Alin Trodden. I write texts, read books, and look for impressions. And I'm not bad at telling you about it. I am always happy to participate in interesting projects."

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