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McCabe, James Dabney, 1842-1883

"Great Fortunes, and How They Were Made"

Accordingly, in
1818, to the surprise and dismay of his friends, he gave up his
flourishing business, in order to accept the captaincy of a steamboat
which was offered him by Mr. Thomas Gibbons. The salary attached to this
position was one thousand dollars, and Captain Vanderbilt's friends
frankly told him that he was very foolish in abandoning a lucrative
business for so insignificant a sum. Turning a deaf ear to their
remonstrances, however, he entered promptly upon the duties of his new
career, and was given command of a steamboat plying between New York and
New Brunswick.
Passengers to Philadelphia, at that day, were transported by steamer
from New York to New Brunswick, where they remained all night. The next
morning they took the stage for Trenton, from which they were conveyed
by steamer to Philadelphia. The hotel at New Brunswick was a miserable
affair, and had never paid expenses. When Captain Vanderbilt took
command of the steamer, he was offered the hotel rent free, and accepted
the offer. He placed the house in charge of his wife, under whose
vigorous administration it soon acquired a popularity which was of the
greatest benefit to the line.


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