| For the Jacksonville Florida Times-Union USA TODAY NETWORK
“Vanderbilt: The Rise and Fall of an American Dynasty”
Authors: Anderson Cooper and Katherine Howe
HarperCollins, 290 pages, $30
As a child, Anderson Cooper was “convinced that all grandparents turned into bronze when they died.” This was because his great-great-great-grandfather, Commodore Cornelius Vanderbilt, stood on a pedestal. He was now a bronze statue near Grand Central Terminal, facing Vanderbilt Avenue and the Vanderbilt Hotel after his death.
The Commodore was the richest man in America, having owned and built palatial homes, most notably the 70-room mansion called the Breakers, in Newport, R.I., and other homes in many states, and also sleek yachts, cars, and horse-drawn carriages, plus a dizzying assortment of jewels — anything his fancy desired. He made his fortune in shipping and railroads centuries ago. It all started with his ferrying goods about in New York Harbor when he was 11. Cooper, co-author with Katherine Howe, takes us back to the Vanderbilts’ early days. In the introduction he says: “This is the story of the greatest American fortune ever squandered.”
Much of what came out of their lives was not happy. Take, for example, the chapter “American Royalty,” which opens with Consuelo, 17, sobbing on the morning of her wedding. In 1895, her mother, Alva, was forcing her to marry Charles Spencer-Churchill, ninth Duke of Marlborough, who, the press said was, “an empty-headed sprig of decayed nobility.” Consuelo was desperately in love with someone else.
Another chapter, “Down with the Ship,” a true tragedy, features the sinking of the Lusitania, only three years after the sinking of the Titanic, (April 14, 1912) which saw 1,500 people dead after it slammed into an iceberg. No Vanderbilts died, however, only a Vanderbilt servant. Alfred Vanderbilt had canceled his trip on the Titanic’s voyage, but went on the fateful Lusitania trip. That ship sank to the bottom of the ocean in daylight off the coast of Ireland on May 7, 1915. A German torpedo sank it in 18 minutes, a little after 2 p.m., drowning an estimated 1,100, including Alfred Gwynne Vanderbilt, one of 129 Americans.
So many fascinating chapters are in this book, and so many amazing characters to spotlight, it’s hard to choose which ones to focus on in a short review. The Commodore’s eldest son, William, “Billie,” was named president of numerous railroad empires, one after the next. At his death in 1885, he had cobbled together $200 million, doubling his father’s money in eight years, which would amount to $5.4 billion in today’s money. But this book is about far more than money. Billie’s brother “Cornie,” for example, was put into numerous institutions over a period of 20 years because of severe epileptic seizures.
The authors often write about events in the Vanderbilts’ lives that mirrored what was going on in the real world. For example, in a chapter called “Venetian Princesses,” we read that Alva Vanderbilt was staging a ball that cost a quarter of a million dollars — about $6.4 million if held today. (A maid would have received wages of $350 a year.)
A mere three weeks before that ball, the Diamond coal mine near Chicago collapsed, killing 79 men. The mine was finally dry enough to evacuate the men on the day of the famous Vanderbilt ball. Illinois set aside $10,000 to help the families out. This was $1,000 less than what Alva Rockefeller had spent on flowers for that ball. A family of six or more was given $1.50 a week in relief money, and widows would receive a one-time amount of $300.
Anderson Cooper knew little of the Vanderbilts. He was born to Wyatt Cooper and Gloria Vanderbilt, who, in her later years, was going prodigiously through her money. Cooper, whose brother tragically committed suicide by jumping off the balcony of his apartment while his mother stood helplessly by, was taught early on that there was no trust money for him, which made him driven and eager to climb to the top. He started saving his money as a young man, modeling as a child after school.
“Saving money is making money,” he believed. In later years when he was given a raise in salary, his mother would find out about it and request huge sums to redecorate her apartment. And he complied.
This is a nicely written, engrossing, in-depth view of the Vanderbilts that gives the reader much of interest to read in this book of colorful personalities. And much to think about.
Mims Cushing lives in Ponte Vedra Beach and has written three books.