Astor offered him the full value of his house,
which was thirty thousand dollars, and increased the bid to forty
thousand, but Mr. Coster was obstinate. At length Mr. Astor, in despair,
was compelled to reveal his plan to his neighbor.
"I want to build a hotel," said he. "I have got all the other lots. Now
name your own price."
Mr. Coster replied that he would sell for sixty thousand dollars if his
wife would consent, and that Mr. Astor could see her the next morning.
Mr. Astor was punctual to the appointment, and his offer was accepted by
the good lady, who said to him, condescendingly, "I don't want to sell
the house, but we are such old friends that I am willing for your sake."
Mr. Astor used to remark with great glee that any one could afford to
exhibit such condescension after receiving double the value of a piece
of property.
Having got possession of the entire block, he commenced the demolition
of the old buildings, and on their site reared the Astor House, then the
largest and most elegant hotel in the country. This building, when
completed, he gave to his eldest son, William B. Astor.
In 1832, Mr.
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