Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
HOW TILDEN BEGAN TO MAKE HIS FORTUNE IN CONNECTION WITH WILLIAM H.
HAVEMEYER.—TILDEN’S GREAT FORTE IN POLITICS.—HE IMPROVES HIS
OPPORTUNITY WITH THE DISCERNMENT OF GENIUS.—HOW TILDEN BECAME ONE OF
THE COUNSEL OF THE “COMMITTEE OF SEVENTY.”—HIS POLITICAL ELEVATION
AND FAME DATING FROM THIS LUCKY EVENT.—THE SAGE OF GREYSTONE A TRULY
GREAT MAN.—ATTAINS MARVELOUS SUCCESS BY HIS OWN INDUSTRY AND BRAIN
POWER.—HE NOT ONLY DESERVED SUCCESS AND RESPECT, BUT COMMANDED
THEM.—HOW HIS LARGE GENEROSITY WAS MANIFESTED IN HIS LAST WILL AND
TESTAMENT.—THE ATTEMPT TO BREAK THAT PRECIOUS PUBLIC DOCUMENT.
Mr. Wm. H. Havemeyer had long been associated with Mr. Tilden in
railroad wrecking and the reorganization of broken concerns of this
character. Through this process both these gentlemen became wealthy.
When, therefore, Mr. Havemeyer extended the right hand of fellowship to
his confidential companion in money making affairs, and invited him to
officiate as one of the counsel of three for the Committee of Seventy,
Mr. Tilden was sharp enough to appreciate the opportunity, which he
seized with avidity.
He was quick to discern the tide in the affairs of men which, when taken
at the flood, leads on to fortune. He did not wait until the tide began
to ebb, but, like an able seaman, set his sail at the propitious moment
to catch the prosperous breeze as well as the tide. Thus, through a
lucky chance and other men’s exertions, Mr. Tilden was raised high on
the very crest of the tidal wave of reform, almost before he knew it.
In the first instance, this happy accident of being one of the trinity
of legal advisers to our committee, for which he was well paid, did not
lead immediately so much to fortune as to fame, but it formed an
important portion of the pedestal upon which the several millions which
he so munificently bequeathed to educational purposes were subsequently
raised. To fame he was then comparatively unknown. The Committee of
Seventy enabled him to obtain the start which was chiefly instrumental
in elevating him to a position of renown in national politics.
Tilden’s great forte in politics, as in financial affairs and railroad
matters, was to set a cash value on everything, and measure it
accordingly. If he opened his “barrel” the contents were not distributed
indiscriminately, but on the principle directed by the most expert
judgment of where the money would do the most good—according to Mr.
Tilden’s ideas of good. What they were I don’t attempt to explain, but,
like the popular novelist, charitably leave them to the inference of the
reader, or to that expert Moses who so ably deciphered occult telegrams
from Florida and Louisiana when there was such a close contest for the
office of National Executive.
Public-domain text, read in full here on John Shaqi.
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