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Vanderbilt, Cornelius (1794-1877), steamship and railroad promoter and financier  

John F. Stover

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....