On the afternoon of December 8, the world’s wealthiest man collapsed on the floor of the study in his Fifth Avenue mansion and died of a cerebral hemorrhage. William H. Vanderbilt, financier and “Colossus of Roads,” had ruled a web of rail that spun from New York to Buffalo and from there to points west, southwest, and beyond. He was a hard man, “public be damned” arrogance, unsavory business dealings, and all. But he had learned in a hard school.
As the eldest son of Cornelius, the Commodore, the self-made multimillionaire, William was expected to enter and eventually take over the family business. As a youth, however, his sickliness and only average abilities so enraged his father that when he was twenty-one, the Commodore banished him with his wife to a small Staten Island farm. When William mortgaged the land to enlarge his holdings, his father reportedly said: “You don’t amount to a row of pins … I have made up my mind to have nothing more to do with you.” William struggled on, adding 280 acres to the original 70 and steadily increasing his profits.