Business; Capitalists and financiers -- United States; Speculation; Wall Street (New York, N.Y.)
Although on strict moral principles we should never do evil that good
may come, yet the manner in which Tilden disposed of the greater portion
of his fortune will, even in the eyes of straight-laced moralists, go
far to cover a multitude of sins in the acquisition of his wealth. There
are probably few, if any, churches in the land that would have refused a
portion of the bequest, no matter how familiar their members or their
clergy might have been with Mr. Tilden’s railroad methods.
In this imperfect sketch of the turning point of prosperity in Mr.
Tilden’s career, I have desired to show how little it requires to change
the entire current of a man’s apparent destiny. A man who attains such
eminent success has his Creator to thank for endowing him in the first
instance with the capacity to take advantage of the chances thrown in
his way, and his own smartness for turning them to the best account.
I have taken Mr. Tilden up and devoted to his extraordinary career a few
pages, from personal reminiscences, in this book, owing to the fact that
he was identified with a number of railroads in the way which I have
indicated above. His position in this respect naturally classifies him
with some of our most prominent Wall Street speculators, investors and
operators, and he thus naturally falls within the scope of the main
subject of this book.
Mr. Tilden, in his will, ordered that if the will should be contested by
any of the beneficiaries each and all of the contesting parties should
be disinherited.
In spite of this prohibition, George H. and Samuel J. Tilden, sons of
Henry A. Tilden, and nephews of the testator, contested the validity of
the instrument, not on the ground of incapacity or undue influence, but
upon construction.
Henry L. Clinton and Aaron Vanderpoel were the lawyers for the
contestants.
Public-domain text, read in full here on John Shaqi.
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