Western sentinel. [volume] (Winston [i.e. Winston-Salem], N.C.) 1856-1886, 1877-01-11
DLI u t/I JUIlL Y ELIIAS
EzfN{}ERBH tst!

HtoAi't > q an. ftif III New n / UrE
l. La ns line of life he was a -grea
: man. In SO far-as we gan iudgG, III
{ would have been great in AIRY call
a ing. = ''1'' s7'5'..'' III.
Mr.. Vanderbilt was bornI d,
Staten Island, N. T., Mav 127
l 1874. When sixteeniyears old h,
bought boat with which he Diiec
between the Island and New York
AT eighteen, lie owned two boats
and was captain of a third. AT
nineteen. he married, removed to
New York, and bought husts.
sioops and schooners At twenty,
three, lie was free from debt. and
worth $4,000. IN 1917, he assisted
IN building the first steamboat ever
run between New York and New
brunswick, and became her captain
at a salary Of 81 600. In 1915, he
commanded a larger and better
boat on the same line, his wife at
the same time making much money
by keeping a hotel in New Bruins
wick. In 1924, he had full cor
troll OF the line, and made it DAY
$4,000 a year. In 1929, he LETT
the line, and for nineteen wears
made steamboatihg t-om New York
to Albany, Boston. Philadelphia,
&r., his business. His habit was
to put on new and superior boats |
in opposition to All old line and run
them until he was bought off, or
until he drove off lis comp, ttors !
and made monopoly. In 1919,
he began to 60 down to the sea n
Ships, and obtained control of the
American, Atlantic and Pacific I
Ship Canal Company, and run
lines OF steamers to San Francisco,
&c, &c. In 1864 he abandoned
the water. During his career he
ha't built II steamships, Owned 2I,
and including steamboats, lis steam
fleet numbered &c. Hence, he was
Known as "TEe Commodore His
accumulation at this date amounted
to 100000 900.
After 1864, his main interest
was in railroads, and he was
railroad king Oh land, us he had
eeeH u Commodore at sea He
occamc largely interested as early
as 1914 i'll the New York and New
Haven Railroad, and in 1915 in
the Harlem Railroad, the whole @!
which he owned by 1864. lie
bought large interests in Erie, and
acquired controlling interests in .
Lake Shore and New York Central; {
md slEcc 1873 all these roads have
been under his control. The lcnrtl,
II ioad so controlled Is 2,12S miles I
ND the aggregate capital 9149, ,C0O,-
700, half of which was his own and /
lis sons d
The Commodore has been eager in |
pursuit OF wealth, not so much for the ]
ake OF wealth as for the success"
y lthii few yeas S We have seen him !,
'vening after evening (as his habit
or years had heen) at the whist T
ablcs of the Manhattan Club as de- !
ernilnedly bent on winning the pallry
- stakes as he had ever been on any
u tile more serious objects of life. In
he undertook he was bound !
o win, and the Judgment Of those I
ShG knew him is that he would have .
Von at anythlng--t lie would have ;
Ieen as great statesman had lie u
hosen, as he was steamboat and n
ailroad man lie was u liberal man -
Iiways, and many are the stort told :
n New York of his kindness to
men who fell under his }
observation. Ofpublic beneGacticn> =
he most noted ale his contributions
% the Vanderbilt University, the o
CENTRAL DIVERSITY OF the Methodist =
hurch, South, into whose communion Il
lie married some Years ago. In. 1873, II
ie gave 500 ,VU0 to the institution y
mi has since increased the amoun.. I
We believe, to near Sl,jQO,000 One ;,
# the conditions upon which the gift
vas made was that Bishop McTyeire i
# the Methodist Episcopal Church. {
south, should become president oil Il
he board Of trustees. This post was u
ccepted by Bishop McTyeirc, upon t
Vi ON has fallen the chief response {
'ilily of oI ganizing the institution.
> G. Garland, LII. d., was chosen :,
and The Rev. Il. O Sum .
hers, ID. d., dean OF the theological ;;
aculiy, and e.c-otHcto vice chaLccl- :
or. A plot of 20 acres was purchas- Il
d, the corner stone of the university L
vas laid April %. 1874, and on Oct q
!. 1873, the Institution was opened o
or students 1t has q theological y
apartment with four professors,
aw department with three, 4 medical b
department. with eleven, and a depart :,
nent ofphilosophy science and litera- n
llre with eleven. The total number of :
tuGents in Is75-'76 was 300 1t hats a "
library of 1000 volumes scientific appa- II
at us that cost more than S50.UQ0, and II
Extensive geological and mine illogical >
cabinets. The dormitory system is not
sed. students board in private families. W
,uition is free to all in the theological Il
department., ana in the tcrary and sci
ntific d"partm ent to all preparing for IL
he ministry. y
a year ego the death Of CORSELIoUs
ANDEHBII.T woulG prob.biy ht5e Lltt,c