NEWARK, N.J., Sept. 11. -- The steam yacht Cherokee ... has been sold by the trustees of the Clark estate to Cornelius Vanderbilt of New York City. The price paid is not stated, but it is said ...
How did the Vanderbilts lose their wealth? From 1897 until his death in 1899, Cornelius Vanderbilt II managed railroads. During the third generation, wealth continued to grow but it stopped growing: ...
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