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McCabe, James Dabney, 1842-1883

"Great Fortunes, and How They Were Made"


Henry Clay was his personal friend, and his last donation to any
political cause was a subscription of fifteen hundred dollars to aid the
election of his old friend to the Presidency.
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 stopped in Broadway to notice a
row of buildings which had just been erected, and which were considered
the finest in the street, and had then made a vow that he would one day
build a larger and finer house than any in Broadway. He now set to work
to carry out the plan he had cherished ever since. He owned the entire
block on Broadway, between Vesey and Barclay streets, with the
exception of one house, which was the property of a Mr. Coster, a
merchant who had amassed a large fortune and retired from business. Mr.
Astor made him many offers for his house, but the old gentleman was
unwilling to remove. Mr.


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