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
In rents in New York City alone it is computed that the Astors collect
twenty-five or thirty million dollars a year. The "Astor Estates" are
managed by a central office, the agent in charge of which is said to get
a salary of $50,000 a year. All the business details are attended to
entirely by this agent and his force of subordinates. Of these annual
rents a part is distributed among the various members of the Astor
family according to the degree of their interest; the remainder is used
to buy more land.
The Astor mansions rank among the most pretentious in the United States
and in Europe. The New York City residence long occupied by Mrs. William
Astor at Fifth avenue and Sixty-fifth street is one of extraordinary
luxury and grandeur. Adjoining and connected with it is the equally
sumptuous mansion of John Jacob Astor. In these residences, or rather
palaces, splendor is piled upon splendor. In Mrs. William Astor's
spacious ball-room and picture gallery, balls have been given, each
costing, it is said, $100,000. In cream and gold the picture gallery
spreads; the walls are profuse with costly paintings, and at one end is
a gallery in wrought iron where musicians give out melody on festive
occasions. The dining rooms of these houses are of an immensity.
Embellished in old oak incrusted with gold, their walls are covered with
antique tapestries set in huge oak framework with margins thick with
gold. Upon the diners a luxurious ceiling looks down, a blaze of color
upon black oak set off by masses of gold borders. Directly above the
center of the table are painted garlands of flowers and clusters of
fruit. In the hub of this representation is Mrs. Astor's monogram in
letters of gold. From the massive hall, with its reproductions of
paintings of Marie Antoinette and other old French court characters, its
statuary, costly vases and draperies, a wide marble stairway curves
gracefully upstairs. To dwell upon all of the luxurious aspects of these
residences would compel an extended series of details. In both of the
residences every room is a thing of magnificence.
PROXIMITY OF PALACES AND POVERTY.
Public-domain text, read in full here on John Shaqi.
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