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nydus/Great Fortunes, and How They Were MadePublic
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CHAPTER IX.

From that time he made his way gradually in his business, until he rose to the head of the steamboat interest of the United States. He has owned or been interested in one hundred steam vessels, and has been instrumental in a greater degree than any other man in bringing down the tariff of steamboat fares. He never builds a vessel without giving his personal superintendence to every detail, so that all his various craft have been models of their kind. He selects his officers with the greatest care, pays them liberal salaries, and, as long as they do their duty, sustains them against all outside interference or intrigue. In this way he inspires them with zeal, and the result is that he has never lost a vessel by fire, explosion, or wreck.

He built the famous steamer "North Star," and made a triumphal cruise in her to the Old World. It is said that he was at one time very anxious to divide the business of the ocean with the Collins Line of steamers. When the "Arctic" was lost he applied to Mr. Collins to allow his steamer to run in her place. He promised to make no claim for the mail subsidy which Collins received, and to take the vessel off as soon as Collins could build another to take her place. Mr. Collins was afraid to let Mr. Vanderbilt

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