August Belmont.
August Belmont, builder of the New York City subway, began his career with the handicap of great wealth. His father, August Belmont, senior, was one of the richest and best known American bankers. His son August was graduated from Harvard University in 1875, and for a time gave himself up in large measure to the usual occupations of the youth of fortune. But as he grew older he interested himself more and more in the great banking business established by his father. In the course of a few years he became, on his own account, a power in the financial world. He is now an officer or director in many banking, railway, manufacturing and other corporations. In addition to these he has been a strong supporter of the best art, literary, patriotic and other American activities, being a member of numerous associations devoted to such movements. He has taken an active part in politics, and is much interested in the breeding of thoroughbred race-horses. His most conspicuous activity, however, has been the building of the subway, which has added so greatly to the transportation facilities of the metropolis.
Alexander Johnston Cassatt.
Another railroad man who has risen from a place of obscurity to a position of prominence is Alexander Johnston Cassatt, who has been president of the Pennsylvania railroad company since June, 1899. Like George H. Daniels, of the New York Central railroad, he started life as a rodman, in 1861, in the employ of the corporation of which he is now the head. Mr. Cassatt preferred to begin at the foot of the ladder for the sake of the knowledge of the primary details of the business which his so doing gave him, instead of making use of the influence as he probably could have obtained in order to assure him a less humble position. He was born in Pittsburg, December 8, 1839, and was educated at the University of Heidelberg and the Rensselaer Polytechnique institute. After his experiences as rodman, by force of sheer industry and integrity, he rose from place to place until, in 1871, he was made general superintendent of the Pennsylvania system and general manager of the lines east of Pittsburg. Between 1874 and 1882 he held the offices of third vice-president and second vice-president, was elected director in 1883 and was made president of the road in 1899. “Thoroughly ground yourself in the elementaries of your chosen business, and then stick to it,” is Mr. Cassatt’s advice to young men. He is a thorough believer in the old axiom that “a rolling stone gathers no moss.”
George Henry Daniels.
George Henry Daniels, who in his capacity of general passenger agent of the New York Central and Hudson River railroad, is probably better known personally or by repute to the traveling public, than any other man in this country, was born in Hampshire, Kane county, Illinois, December 1, 1842. He began his railroad career as a rodman in the engineering corps of the Northern Missouri railroads, and from that humble position has risen, not rapidly perhaps, but slowly and certainly, until he has the passenger transportation responsibilities on his hands of what is probably the greatest railroad in the United States. After some years of strenuous work, he became, in 1872, the general freight and passenger agent of the Chicago and Pacific railroad, and in 1880 was made ticket agent of the Wabash, St. Louis and Pacific road. After a number of varied experiences, all of which were in the west, and were connected with positions of great responsibility, he acted as assistant commissioner or commissioner for several roads, and in April, 1889, was rewarded for his years of faithful service by being appointed to the position which he now holds. No small portion of Mr. Daniels’s success is due to his personal tactfulness and unfailing courtesy; or, as someone has put it, he knows how to grant a favor without placing the grantee under an obligation, and he knows how to refuse a request without offending the individual who makes it.
George Jay Gould.
George Jay Gould, whose name is so generally identified with high finance, is the son of the late Jay and Helen Day (Miller) Gould. He was born in New York in 1858 and received his education at the hands of private tutors or in private schools. Inheriting a genius for finance and an instinct for railroading, he has succeeded in successfully conducting those vast enterprises and investments which were brought into existence by his father. Mr. Gould is an ardent devotee of field sports, particularly those of which horses are a part and portion. He married Miss Edith Kingdon, who was at one time a member of Augustin Daly’s Dramatic Company in this city. By her he has two sons, both of whom are as fond of strenuous sports as is their father. Nevertheless he does not permit his pastimes to interfere with his business affairs, and is a familiar figure in the financial districts of New York City. He has been president of the Little Rock and Fort Worth railroad, Texas and Pacific railroad, International and Great Northern railroad, Manhattan Elevated railroad, Missouri Pacific railroad, and the St. Louis and Iron Mountain and Southern railroad. Mr. Gould is a good specimen of the young American who does not let his great wealth hamper his activities.