NEW YORK. ALBANY. Consolidation Certificate, unissued. grey, black. No 11F226. Ten upstate New York railroad companies merged to form the New York Central Railroad in 1853. These included the main line from Albany to Buffalo. The Hudson River Railroad was chartered in 1846 to extend a Troy-Albany line south to New York City; and the full line opened in 1851. Cornelius Vanderbilt (the 'Commodore') obtained control of the Hudson River Railroad in 1864, and soon after he bought the parallel New York and Harlem Railroad. In 1867 Vanderbilt acquired control of the New York Central,with the help of maneuverings related to the Hudson River Bridge in Albany. In 1869 he merged the NYC with his Hudson River Railroad into the New York Central and Hudson River Railroad. This extended the system south from Albany along the east bank of the Hudson River to New York City. In 1914 the name was changed, forming the modern New York Central Railroad. Portrait of Cornelius Vanderbilt, and allegorical vignette. Hand-signed as president by William Henry Vanderbilt (1821-1885). He was the eldest son of Cornelius Vanderbilt and inherited his fortune, nearly $100 million. Upon his death nine years later, William had almost doubled the family fortune. He was, at the time of his death in 1885, the richest man in the world. He was president of several important railroad companies, including the New York Central and Hudson River RR, the New York Central RR, the Lake Shore & Michigan Southern RW, the Canada Southern RW and the Michigan Central RR. Extremely rare 'consolidation certificate'.
VANDERBILT, William H.
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