59: COMMODORE AND WILLIAM H. VANDERBILT Start Price USD 1,500.00 Current Price USD 1,500.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Saturday, October 11, 2008 End Time Sunday, October 12, 2008 Location Bedford, New Hampshire. USA See more about '59: COMMODORE AND WILLIAM H. VANDERBILT' Description click for larger image59: COMMODORE AND WILLIAM H. VANDERBILTCORNELIUS VANDERBILT (1794-1877). Vanderbilt was a steamship and railroad promoter who founded the family fortune that exists today. He began at age sixteen as the owner-operator of a small ferryboat which ran between Staten Island and New York City. WILLIAM H. VANDERBILT [( 1821-1885) Railroad magnate and financier. William acted as assistant to his father, "Commodore" Vanderbilt and used his inherited fortune to build one of the foremost railroad empires in the United State. Partially Printed Document Signed twice, "C. Vanderbilt," and once, "Wm. H. Vanderbilt." Four pages, 11" x 17" New York. April 14, 1866. The document lists Dividend payments made to stockholders in the Hudson River Rail Road Company. Also listed among the stockholders is AUGUST BELMONT, though he does not sign. As he neared 70, Cornelius Vanderbilt sold his lucrative shipping interests and turned his attention to railroads, a move which resulted in the creation of one the nation's great transportation systems. In the early 1860s, Vanderbilt gained control of the New York & Harlem Railroad, followed shortly after by the run-down Hudson River Railroad. In both cases, Daniel Drew and other stock manipulators tried to make a killing at Vanderbilt's expense by short-selling stock in these companies, in the hopes of forcing the stock price down. Vanderbilt outwitted them, however, and many either lost substantial amounts of money or were wholly ruined. In 1867, Vanderbilt acquired the New York Central Railroad and, in 1869, merged it with the Hudson River RR, thus forming the New York Central & Hudson River Railroad. Vanderbilt's well-documented battles with Daniel Drew and others, ncluding Jay Gould, for control of the New York & Harlem, Hudson River and Erie railroads form some of the most colorful and exciting pages in U.S. financial history. A great association of "Commodore" and William Vanderbilt, the most successful family members from their respective generations! Very Fine. Auction House Scott J. Winslow Associates, Inc.PO Box 10240Bedford, NH United States 03110800.225.6233Terms & Conditions1.) A 20% BUYERS PREMIUM WILL BE ADDED TO THE FINAL HAMMER PRICE.2.) All items are guaranteed to be authentic. If an item is found not to be authentic,the full sale price will be refunded.3.) All accounts are payable in full upon receipt of invoice unless other arrangements have been made prior to the sale. Any special credit terms should be made as early as possible. Title does not pass until full payment has been received.4.) No "Buy" or unlimited bids will be accepted.5.) We reserve the right to reject any bid we feel is not made in good faith.6.) In the case of tie bids on the book, the earliest received shall take precedence.7.) This is not an approval sale. Lots may not be returned except for reasons of authenticity or amaterial error in the catalog description.8.) Please bid in U.S. dollars and only in whole dollar amounts. Fractions of a dollar will be roundeddown to the nearest dollar.9.) Some lots may be subject to a reserve.10.) Shipping charges will be added to all invoices.11.) The placing of a bid shall constitute the bidders acceptance of these terms of sale.12.) This sale is being held under the laws of the State of New Hampshire.Scott J. Winslow Associates, Inc.Post Office Box 10240Bedford, New Hampshire 03110 (USA)Fax (603) 641-5583NEW HAMPSHIRE LICENSE #4002MASSACHUSETTS LICENSE #2692ShippingBuyer Pays Shipping CostBuyer's Premium20%PaymentWe accept Visa, Mastercard, Paypal, personal checks, money orders and cash(In House Only).TaxesNo applicable sales tax in New Hampshire.ContractYour bid is a contract.Place a bid only if you're serious about buying the item. If you are the successful and winning bidder, you have entered into a legally binding contract to purchase the property bid on from the seller. You should contact the seller to resolve any questions before bidding.RegistrationBidders are required to:a) Sign up for this auction& b) Complete bidding approval formApproval is at the discretion of the Auction House.HelpHelp with biddingImages Auction services provided by LiveAuctioneers Place a Bid!