History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial TimesMyers, Gustavus
History
History of the Great American Fortunes, Vol. I: Conditions in Settlement and Colonial Times
Myers, Gustavus
United States -- Economic conditions; Wealth -- United States
But when the Tweed "ring" came into complete power, with its unbridled
policy of accommodating anyone who could pay bribes enough, the
landowners and merchants rushed to get water grants among other special
privileges. On Dec. 27, 1865, William C. Rhinelander was presented with
a grant of land under water from Ninety-first to Ninety-fourth street,
East River.[148] On March 21, 1867, Peter Goelet obtained from the
Sinking Fund Commissioners a grant of land under water on the East River
in front of land owned by him between Eighty-first street and
Eighty-second street. The price asked was the insignificant one of $75 a
running foot.[149] The officials who made this grant were the
Controller, Richard B. Connolly, and the Street Commissioner, George W.
McLean, both of whom were arch accomplices of William M. Tweed and were
deeply involved in the gigantic thefts of the Tweed ring. The same band
of officials gave to Mrs. Laura A. Delano, a daughter of William B.
Astor, a grant from Fifty-fifth to Fifty-seventh street, Hudson River,
at $200 per running foot, and on May 21, 1867, a grant to John Jacob
Astor, Jr., of lands under water between Forty-ninth and Fifty-first
streets, Hudson River, for the trivial sum of $75 per running foot. Many
other grants were given at the same time. The public, used as it was to
corrupt government, could not stomach this granting of valuable city
property for virtually nothing. The severe criticism which resulted
caused the city officials to bend before the storm, especially as they
did not care to imperil their other much greater thefts for the sake of
these minor ones. Many of the grants were never finally issued; and
after the Tweed "ring" was expelled from power, the Commissioners of the
Sinking Fund on Feb. 28, 1882, were compelled by public agitation to
rescind most of them.[150] The grant issued to Rhinelander in 1865,
however, was one of those which was never rescinded.
Public-domain text, read in full here on John Shaqi.
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