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
Yet this miser, who denied himself many of the ordinary comforts and
conveniences of life, and who would argue and haggle for hours over a
trivial sum, allowed himself one expensive indulgence--expensive for
him, at least. He was a lover of fancy fowls and of animals. Storks,
pheasants and peacocks could be seen in the grounds about his house, and
also numbers of guinea pigs. In his stable he kept a cow to supply him
with fresh milk; he often milked it himself.
This eccentric was very melancholy and, apart from his queer collection
of pets, cared for nothing except land and houses. Chancing in upon him
one could see him intently pouring over a list of his properties. He
never tired of doing this, and was petulantly impatient when houses
enough were not added to his inventory.
He died in 1879 aged seventy-nine years; and within a few months, his
brother Robert, who was as much of an eccentric and miser in his way,
passed away in his seventieth year.
THE THIRD GENERATION.
The fortunes of the brothers descended to Robert's two sons, Robert,
born in 1841, and Ogden, born in 1846. These wielders of a fortune so
great that they could not keep track of it, so fast did it grow,
abandoned somewhat the rigid parsimony of the previous generations. They
allowed themselves a glittering effusion of luxuries which were
popularly considered extravagances but which were in nowise so, inasmuch
as the cost of them did not represent a tithe of merely the interest on
the principal. In that day, although but thirty years since, when none
but the dazzlingly rich could afford to keep a sumptuous steam yacht in
commission the year round, Robert Goelet had a costly yacht, 300 feet
long, equipped with all the splendors and comforts which up to that time
had been devised for ocean craft. Between them, he and his brother Ogden
possessed a fortune of at least $150,000,000. The basic structure of
this was New York City land, but a considerable part was in railroad
stocks and bonds, and miscellaneous aggregations of other securities to
the purchase of which the surplus revenue had gone. Thus, like the
Astors and other rich landholders, partly by investments made in trade,
and largely by fraud, the Goelets finally became not only great
landlords but sharers in the centralized ownership of the country's
transportation systems and industries.
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