Death
In 1883, he resigned all his company presidencies and had his sons appointed as important chairmen but left the day-to-day running of the businesses to experienced men appointed president.
He died on December 8, 1885 in New York City. He was interred in the Vanderbilt family mausoleum at the Moravian Cemetery in New Dorp on Staten Island, New York. His estate was divided amongst his eight children and his wife, the bulk of the estate going to his eldest two sons, William Kissam Vanderbilt and Cornelius Vanderbilt II.
Read more about this topic: William Henry Vanderbilt
Famous quotes containing the word death:
“There is a strange charm in the thoughts of a good legacy, or the hopes of an estate, which wondrously removes or at least alleviates the sorrow that men would otherwise feel for the death of friends.”
—Miguel De Cervantes (1547–1616)
“Now they heap the funeral pyre,
And the torch of death they light;
Ah! ‘tis hard to die by fire!”
—William Makepeace Thackeray (1811–1863)
“I disapprove of what you say, but I will defend to the death your right to say it.”
—Voltaire [François Marie Arouet] (1694–1778)