[Mathew Vassar.]
Vassar College, five hundred feet long and five stories high, is a monument of which any man might be proud. The founder, Mathew Vassar, was born in England in 1792, and four years later landed in America, settling in Poughkeepsie, on a farm with his parents.
In those days the English people thought that they couldn't live without a yearly supply of home-brewed ale; such a thing being unknown in the quiet community to which they had come. As there was no barley to be had, seed was imported from the mother-country and the family once more enjoyed their favorite beverage. When neighbors called they were, of course, invited to partake, and the fame of Vassar's ale steadily increased, until finally the father concluded to manufacture the ale to sell. Mathew, for some reason, disliked to go into the brewery to work, and the irate father bound him out to a neighboring tanner. However, when the time came for young Vassar to go, lo, he was nowhere to be found.
He fled to Newburg, where he remained four years, learning to keep books, and saving his money. He then returned to his home and, having demonstrated that he could both earn and keep money, was duly installed in his father's establishment as book-keeper. All went well for some time, till at last a fire came, destroying all the property, ruining his father, and worst of all causing his brother's death. The father now returned to a farm, but Mathew determined to retrieve the business. He began business in an old shed. The supply was of necessity small, but it was an A 1. article, and its fame increased, making the ale of Vassar known far and near. From such a beginning the business developed into an immense establishment, with a profitable business, which he carried on for over thirty years, when he retired.
In company with his wife he made an European tour, and on his return resolved to do something with his money for the betterment of society. On the 28th of February, 1861, twenty-eight gentlemen received from Mathew Vassar, a box containing $408,000, in trust, for the establishment of a college for the education of young ladies. The result of their efforts was Vassar Female College, afterwards changed to Vassar College. His entire donations for the establishment and maintenance of this institution of learning amounted to about $800,000. It was the first Female College ever established. His influence will be felt by the numerous generations which will follow him.
[John Jacob Astor.]
Not far from the lovely Heidelberg on the Rhine, is the picturesque village of Walldorf, which is the birth place of John Jacob Astor, who was born in 1763. His father was a peasant, thus it is seen that he had not the advantages of family influence or assistance. He saved what little money he could earn, and at sixteen set out on foot for the sea coast, where he took passage in a vessel for London. He had a brother in that city who was, in a small way, a manufacturer of musical instruments. Here he remained until 1783, when he embarked for America, taking some flutes with him. On the voyage he made the acquaintance of a furrier. This individual he plied with numerous questions, until he was quite familiar with the business, and when he reached America he at once exchanged his flutes for furs, and hastening back to England succeeded in selling them at a fair profit over all expenses.
Having disposed of his business in London, he engaged passage in a ship which did not return for some weeks. In the meantime he purchased a lot of goods which he thought would prove salable in America. He also improved the time in visiting the Governor of the then great East India Company. The Governor was from his native town in Germany, and Astor, making the most of this fact, secured from him a permit to trade at any port subject to the East India Company. When he arrived in New York once more he at once closed a bargain with a West India trader, that gentleman furnishing a ship and cargo, Astor the permit, which was very valuable, as it gained them access to Canton, China, which was closed to all foreigners save the vessels of the East India Company. The terms of this bargain was that each should participate equally in the profits of the voyage, and Astor's share was several barrels of milled dollars, the total profit being about $110,000.
He after this bought ships of his own, and shipped his own merchandise to the East, bringing back cargoes to be sold in the new world. The Government at Washington approved of Astor's proposition to get possession of the fur business of the Interior, controlled at that time by British companies. He succeeded in raising a corporation with $1,000,000 capital, and within a few years Mr. Astor controlled the fur interests of the country. This was back in Jefferson's time when the city of New York was a small village. Astor, with that keen foresight which marked his life's history, had been buying land on Staten Island, and the marvelous growth of the city brought the price of his possessions up to fabulous amounts, and the latter part of his life his whole attention was occupied in taking care of his great blocks of real estate.