The Story of the Sun: New York, 1833-1918O'Brien, Frank Michael
History
The Story of the Sun: New York, 1833-1918
O'Brien, Frank Michael
Sun (New York, N.Y. : 1833)
New York’s richest man was William B. Astor, with a fortune of perhaps
fifty million dollars. He was then seventy-six years old, but he walked
every day from his home in Lafayette Place--from its windows he could
see the Bowery, which had been a real bouwerie in his boyhood--to the
little office in Prince Street where he worked all day at the tasks
that fell upon the shoulders of the Landlord of New York. He probably
never had heard of John D. Rockefeller, a prosperous young oil man in
the Middle West.
Cornelius Vanderbilt, only two years younger than Astor, was president
of the New York Central Railroad, and was linking together the great
railway system that is now known by his name, battling the while
against the strategy of Jay Gould and his sinister associates. By
far the most imposing figure in financial America, Vanderbilt had
everything in the world that he wanted--except Dexter, and that great
trotter was in the stable of Robert Bonner, who was not only rich
enough to keep Dexter, but could afford to pay Henry Ward Beecher
thirty thousand dollars for a novel, “Norwood,” to be printed serially
in the _Ledger_.
Only one other New Yorker of 1868 ranked in wealth with Astor and
Vanderbilt--Alexander T. Stewart, whose yearly income was perhaps
greater than either’s. He was then worth about thirty million dollars,
and he had astonished the business world by building a retail shop on
Broadway, between Ninth and Tenth Streets--now half of Wanamaker’s--at
a cost of two millions and three-quarters.
In Wall Street the big names were August Belmont, Larry Jerome, Jay
Gould, Daniel Drew, and Jim Fisk. Gould and Fisk were doing what
they pleased with Erie stock. They and the leaders of Tammany Hall,
like Tweed and Peter B. Sweeny and Slippery Dick Connelly, hatched
schemes for fortunes as they sat either in the Hoffman House, where
Fisk sometimes lived, or at dinner in the house in West Twenty-Third
Street, where the only woman at table was Josie Mansfield.
Of the great hotels of that day not more than one or two are left. The
Fifth Avenue then took rank not only as the finest hostelry in New
York, but perhaps in the world. The Hoffman House was running as a
European-plan hotel. It had not yet become a Democratic headquarters,
for the Democrats still preferred the New York, on the American plan.
The other big “everything included” hotels were the St. Nicholas, where
Middle West folk stayed, and the Metropolitan, where the exploiter of
mining-stock held forth. Among the smaller and European-plan hotels
were the St. James, the St. Denis, the Everett, and the Clarendon,
all more or less fashionable, and the Brevoort and the Barcelona,
patronized largely by foreigners.
Public-domain text, read in full here on John Shaqi.
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