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:
“Nature creates while destroying, and doesn’t care whether it creates or destroys—as long as life isn’t extinguished, as long as death doesn’t lose its rights.”
—Ivan Sergeevich Turgenev (1818–1883)
“Accordingly, death is a harbor of peace for the just, but is believed a shipwreck for the wicked.”
—Ambrose (c. 333–397)