My Memories of Eighty Years

by Chauncey M. Depew

When I entered the service of the railroad on the first of January, 1866, the Vanderbilt system consisted of the Hudson River and Harlem Railroads, the Harlem ending at Chatham, 128 miles, and the Hudson River at Albany, 140 miles long. The Vanderbilt system now covers 20,000 miles. The total railway mileage of the whole United States at that time was 36,000, and now it is 261,000 miles.

My connection with the New York Central Railroad covers practically the whole period of railway construction, expansion, and development in the United States. It is a singular evidence of the rapidity of our country's growth and of the way which that growth has steadily followed the rails, that all this development of States, of villages growing into cities, of scattered communities becoming great manufacturing centres, of an internal commerce reaching proportions where it has greater volume than the foreign interchanges of the whole world, has come about during a period covered by the official career of a railroad man who is still in the service: an attorney in 1866, a vice-president in 1882, president in 1885, chairman of the board of directors in 1899, and still holds that office.

There is no such record in the country for continuous service with one company, which during the whole period has been controlled by one family. This service of more than half a century has been in every way satisfactory. It is a pleasure to see the fourth generation, inheriting the ability of the father, grandfather, and great-grandfather, still active in the management.

I want to say that in thus linking my long relationship with the railroads to this marvellous development, I do not claim to have been better than the railway officers who during this time have performed their duties to the best of their ability. I wish also to pay tribute to the men of original genius, of vision and daring, to whom so much is due in the expansion and improvement of the American railway systems.

Commodore Vanderbilt was one of the most remarkable men our country has produced. He was endowed with wonderful foresight, grasp of difficult situations, ability to see opportunities before others, to solve serious problems, and the courage of his convictions. He had little education or early advantages, but was eminently successful in everything he undertook. As a boy on Staten Island he foresaw that upon transportation depended the settlement, growth, and prosperity of this nation. He began with a small boat running across the harbor from Staten Island to New York. Very early in his career he acquired a steamboat and in a few years was master of Long Island Sound. He then extended his operations to the Hudson River and speedily acquired the dominating ownership in boats competing between New York and Albany.

When gold was discovered in California he started a line on the Atlantic side of the Isthmus of Darien and secured from the government of Nicaragua the privilege of crossing the Isthmus for a transportation system through its territory, and then established a line of steamers on the Pacific to San Francisco. In a short time the old-established lines, both on the Atlantic and the Pacific, were compelled to sell out to him. Then he entered the transatlantic trade, with steamers to Europe.

With that vision which is a gift and cannot be accounted for, he decided that the transportation work of the future was on land and in railroads. He abandoned the sea, and his first enterprise was the purchase of the New York and Harlem Railroad, which was only one hundred and twenty-eight miles long. The road was bankrupt and its road-bed and equipment going from bad to worse. The commodore reconstructed the line, re-equipped it, and by making it serviceable to its territory increased its traffic and turned its business from deficiency into profit. This was in 1864. The commodore became president, and his son, William H. Vanderbilt, vice-president. He saw that the extension of the Harlem was not advisable, and so secured the Hudson River Railroad, running from New York to Albany, and became its president in 1865. It was a few months after this when he and his son invited me to become a member of their staff.

The station of the Harlem Railroad in the city of New York was at that time at Fourth Avenue and Twenty-sixth Street, and that of the Hudson River Railroad at Chambers Street, near the North River.

In a few years William H. Vanderbilt purchased the ground for the Harlem Railroad Company, where is now located the Grand Central Terminal, and by the acquisition by the New York Central and Hudson River Railroad of the Harlem Railroad the trains of the New York Central were brought around into the Grand Central Station.

In 1867, two years after Mr. Vanderbilt had acquired the Hudson River Railroad, he secured the control of the New York Central, which ran from Albany to Buffalo. This control was continued through the Lake Shore on one side of the lakes and the Michigan Central on the other to Chicago. Subsequently the Vanderbilt System was extended to Cincinnati and St. Louis. It was thus in immediate connection with the West and Northwest centering in Chicago, and the Southwest at Cincinnati and St. Louis. By close connection and affiliation with the Chicago and Northwestern Railway Company, the Vanderbilt system was extended beyond to Mississippi. I became director in the New York Central in 1874 and in the Chicago and Northwestern in 1877.