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 the case of most of these so-called water fronts, there was usually a
trivial rental attached. Nearly always, however, this was commuted upon
payment of a small designated sum, and a full and clear title was then
given by the city. In this rush to get water-grants--grants many of
which are now solid land filled with business and residential
buildings--many of the ancestors of those families which pride
themselves upon their exclusive air participated. The Lorillards, the
Goelets, William F. Havemeyer, Cornelius Vanderbilt, W. H. Webb, W. H.
Kissam, Robert Lenox, Schermerhorn, James Roosevelt, William E. Dodge,
Jr.--all of these and many others--not omitting Astor's American Fur
Company--at various times down to, and including the period of, the
monumentally corrupt Tweed "ring," got grants from corrupt city
administrations. Some of these water rights, that is to say, such
fragmentary parts of them as pertained to wharves and bulkheads, New
York City, in recent years, has had to buy back at exorbitant prices.
From the organization of the Dock Department down to 1906 inclusive, New
York City had expended $70,000,000 for the purchase of bulkhead and
wharf property and for construction.
During all the years from 1800 on, Astor, in conjunction with other
landholders, was manipulating the city government not less than the
State and Federal Government. Now he gets from the Board of Aldermen
title to a portion of this or that old country road on Manhattan which
the city closes up; again and again he gets rights of land under water.
He constantly solicits the Board of Aldermen for this or that right or
privilege and nearly always succeeds. No property or sum is too small
for his grasp. In 1832, when Eighth avenue, from Thirteenth to
Twenty-third streets is graded down and the earth removed is sold by the
city to a contractor for $3,049.44, Astor, Stephen D. Beekman and Jacob
Taylor petition that each get a part of the money for earth removed from
in front of their lots. This is considered such a petty attempt at
defrauding, that the Aldermen call it an "unreasonable petition" and
refuse to accede.[110] In 1834 the Aldermen allow him a part of the old
Hurlgate road, and Rhinelander a part of the Southampton road. Not a
year passes but that he does not get some new right or privilege from
the city government. At his request some streets are graded and
improved; the improvement of such other streets as is not to his
interest to have improved is delayed. Here sewers are placed; then they
are refused. Every function of city administration was incessantly used
by him. The cumulative effect of this class use of government was to
give him and others a constant succession of grants and privileges that
now have a prodigious value.
Public-domain text, read in full here on John Shaqi.
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