Munsey's Magazine, Vol. VI, No. 1, October 1891 — John Shaqi
Munsey's Magazine, Vol. VI, No. 1, October 1891Various
History
Munsey's Magazine, Vol. VI, No. 1, October 1891
Various
American periodicals
That will, which disposed of the greatest fortune ever yet bequeathed,
was a remarkable document in more ways than one. It followed the
Commodore’s policy of maintaining the bulk of the family wealth
practically intact and united, and at the same time it satisfied
the participants in the distribution, and was commended as politic
and equitable by public opinion. Ten million dollars and one of the
Vanderbilt houses on Fifth Avenue were given to each of the testator’s
eight children. Then, after a long list of smaller legacies to relatives,
friends, employees, and charitable and religious institutions, the
residuary estate was equally divided between the two elder sons.
William H. Vanderbilt’s family consisted of four sons—Cornelius, William
Kissam, Frederick W., and George—and four daughters—Mrs. Elliott F.
Shepard, Mrs. William Sloane, Mrs. H. McK. Twombly, and Mrs. W. S. Webb.
All of them were—no doubt fortunately for themselves—born and brought up
while their father was a comparatively poor man, and in their childhood
they knew little of the luxury of wealth. Never was there a better
ordered household than the severely simple one where these eight children
received a training that has been of inestimable value to them. Rarely
has so large a family turned out so notably well. The four sons are,
mentally and physically, excellent specimens of the American gentleman.
There is a saying that it takes three generations of wealth to make a
gentleman. There is about as much truth in this as in some other accepted
sayings. It is doubtful whether three generations of wealth do not unmake
as many gentlemen as they make. Millionaires’ sons and grandsons do not
usually compare favorably, either in brain power or culture, with their
fathers and grandfathers. We have all heard of the rich man who declined
to let his son travel abroad, not because he objected to letting his boy
see the world, but because he was unwilling to allow the world to see his
boy. In the admirable manhood of Cornelius Vanderbilt and his brothers we
see not the exemplification of a rule so much as an agreeable exception
to the customary order of social evolution.
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