1-3 of 3 results  for:

  • Business and finance x
  • financier or moneylender x
  • water transport x
Clear all

Article

Butterfield, John (18 November 1801–14 November 1869), western pioneer, express company operator, and investor, was born in Berne, near Albany, New York, the son of Daniel Butterfield (his mother’s name is unknown). His formal education consisted of intermittent attendance at local public schools. As a young man he became a stagecoach driver in New York State and later an investor in barges plying the Erie Canal....

Image

Cornelius Vanderbilt. Daguerreotype from the studio of Mathew B. Brady. Courtesy of the Library of Congress (LC-USZC4-4160).

Article

Vanderbilt, Cornelius (27 May 1794–04 January 1877), steamship and railroad promoter and financier, was born in Port Richmond, Staten Island, New York, the son of Cornelius Vanderbilt and Phebe Hand. His father, a poor farmer with nine children, increased his income with some boating around the New York harbor. In 1795 the family moved to Stapleton, on the eastern shore of Staten Island. Cornelius hated both schools and books and had no formal education past the age of eleven, when he became his father’s helper. The husky, robust boy was an expert swimmer and adept at identifying most types of sailing ships. At an early age he helped his father transfer farm produce by boat to New York City. At the age of sixteen his parents lent him $100 to purchase a small sailboat. Cornelius Vanderbilt at once set up a ferrying and freight business between Staten Island and New York City that earned more than $1,000 in the first year. The fare for the trip to New York City was eighteen cents one way or a round trip for a quarter....