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Vanderbilt, William Henry

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Vanderbilt, William Henry (1821–1885)

US financier and railway promoter. Given control of the Staten Island Railroad 1857, he was named vice-president of the New York and Harlem Railroad 1864, acquired other railways, and became president of the New York Central Railroad 1877. Vanderbilt was famous for his contemptuous phrase ‘The public be damned’.

Born in New Brunswick, New Jersey, USA, son of financier Cornelius Vanderbilt, he became the head of a railway trust and was strongly opposed to government regulation of the railway industry. He retired in 1883.



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