Book 13: The First Tycoon

The First Tycoon: the Epic Life of Cornelius Vanderbilt

T. J. Stiles

Even though I've spent much of the past four years significantly immersed in 19th-century U.S. history, I realized upon picking up The First Tycoon that I knew very little about Cornelius Vanderbilt beyond a vague sense that he was one of the country's most successful robber barons. According to the pleasantly enlightening biographical note that T. J. Stiles appends to his meticulously researched biography of the transportation titan, this is partially due to the fact that Vanderbilt receives surprisingly little academic attention, especially relative to the class of magnates (the household names Carnegie, Rockefeller, and Morgan come to mind) that followed in his wake. Despite the fact that Vanderbilt has seemingly become merely an historical footnote, Stiles effectively utilizes the facts of Vanderbilt's life to highlight the sweeping economic and social changes that his subject experienced and influenced throughout his lengthy tenure as a steamship and railroad executive.

Indeed, if there is a primary complaint to be made about the book, it is that Stiles focuses almost exclusively on Vanderbilt's extensive economic endeavors, often ignoring his personal life or interrupting otherwise compelling narratives of personal feuds, corporate takeovers, and civil wars (not just ours) with non-sequitur anecdotes. Though Stiles attempts to relate these brief notes into relevant points of the greater narrative (and makes it quite clear that there exists little evidence of the man's personal life and private relationships), they often seem a bit ham-fisted; there surely could have been a more effective way of integrating them into the larger portrait of Vanderbilt. Likewise, Stiles seems fond of dropping foreshadowing hints before brief and long breaks alike, making it sometimes difficult to follow the thread of a particular story or business relationship across several chapters. His adherence to chronology does, however, give the book crucial momentum despite the inherent difficulties Stiles faces in relating stories that are strikingly similar to one another and that rely heavily on complex financial maneuvers that are almost certainly foreign to the bulk of his readership. This momentum, along with the author's consistent focus on his subject's forceful personality, make the book a strikingly readable account of business history that rarely becomes boring even to the uninitiated (such as myself).

The book's economic approach to Vanderbilt's life, though obviously warranted, necessitates frequent explanations and asides regarding the rapidly changing economic and political context of his times. Stiles handles these admirably, and the book is as enlightening for its insights into the world of 19th-century social customs and financial systems as it is for its retellings of Vanderbilt's various professional achievements. He clearly had a general audience in mind while writing the book, yet he strikes the right balance between explaining the obvious and becoming mired in tedious (and unnecessary) details. Some of the intricacies involved in stock maneuvers continue to elude my understanding in spite of his best efforts, but given my personal history with attempts to understand the period's economic theory I'm not sure it's quite fair to blame Stiles for that; in fact, he should be lauded for his success in making some of this stuff actually make sense to my notoriously business-averse mind. Those familiar with the era's politics will recognize and appreciate the ways in which Jacksonian laissez faire radicalism gradually became more stringent Democratic conservatism over the course of Vanderbilt's considerably influential career, and Stiles includes plenty of relevant context for those approaching the era decades after their high school history classes.

All told, Stiles has put together a compelling academic study of a man and his contemporary context that is far from dry, despite relying on the intricate economics of business deals for many of its most potent plot points. Somehow, in his hands the story of Cornelius Vanderbilt is continually compelling, both a vivid portrait of the man and a reasonably nonpartisan exploration of the monumental economic, political, and social changes he saw- and significantly contributed to- throughout his lifetime. The First Tycoon is a well-written, unapologetically academic, and appealing history, representing an admirable (and largely successful) attempt to understand the seemingly inextricable history of both Cornelius Vanderbilt and the economic climate of the 19th-century United States.

Grade: A-