Wealth Classics



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Great Fortunes: John Jacob Astor Part 13

January 3rd, 2009

About the year 1830, Mr. Astor, now the possessor of millions, began to withdraw from active business, confining his efforts chiefly to such investments as the management of his immense estate made necessary. He now put into execution an enterprise which he had long cherished. When a poor stranger in the city, he had once [...]


Great Fortunes: John Jacob Astor Part 14

January 3rd, 2009

“‘Insurance!’ exclaimed Astor, ‘can’t I insure your ship my self?’
“In vain the captain mentioned the rights of the other passengers. In vain he described the solitary and rock-bound coast, and detailed the dangers and difficulties which attended its approach. Nothing would appease him. He said he would take all the responsibility, brave all the perils, [...]


Great Fortunes: John Jacob Astor Part 15

January 3rd, 2009

He was a thoroughly upright man, his transactions were rigidly honest; but as a man, candor compels the acknowledgment that he was not a safe or admirable model. He was utterly devoid of generosity. Liberal to an extreme with his own family, he was close and hard with others. He paid small wages to his [...]


Acres of Diamonds: The Speech Part 1

January 3rd, 2009

Acres of Diamonds: The Speech Part 1
As I come here to-night and look around this audience I am seeing again what through these fifty years I have continually seen-men that are making precisely that same mistake. I often wish I could see the younger people, and would that the Academy had been filled to-night with [...]


Great Fortunes: John Jacob Astor Part 16

January 3rd, 2009

This is the estimate of his character formed by Mr. James Parton. His friend Dr. Coggswell presents him in quite a different light. He says:
“Mr. Astor lived to the good old age of four score and four years and eight months. For some years previous to his death, which happened March 29, 1848, his manly [...]