The first tycoon: the epic life of Cornelius Vanderbilt
Copyright 2009 By T, J Stiles
Alfred A. Knopf Publishing, New York
ISBN 978-0-375-41542-5
Hardcover
719 PP w/ illustrations
US $37.50
CD $45.00
If I had to choose one book from the list I've read this year, one that is an absolute must read, it's The First Tycoon. Author T.J. Stiles gives us a look a into the life of one 19th centuries most intriguing and controversial figures, and he does it with well documented research and an eye for the truth, to bring out every aspect of one of the 19th centuries most influential and controversial figures. Not since
He gives us Vanderbilt as he was, a man who worked his way from lowly beginnings in Staten Island, New York in 1794 to his rise as the wealthiest man in America at the time of his death in 1877. He was also a man known to never be crossed when it came to business, as his enemies quite soon found out in the high stakes world of Wall Street, which here too is presented to us from it's earliest days until it became part of the American fabric. We're shown the rise and fall of companies both large and small, of bear and bull, cornering the market to take control and taking money out of your enemies pockets while keeping yours intact.
The amount of detail in the book overall shows that Mr. Stiles did his research and did it quite well. One look at his primary and secondary source notes shows that he left no stone unturned, and was also able to deftly separate fact from fiction, and gives us a view of the world surrounding Vanderbilt and his contemporaries. His description of New York at the start of the 19th century is fascinating and vision producing with his words, conjuring up a world that we today can hardly imagine existed but did. We see New York and Vanderbilt grow together, from a time of manual labor to a time when steamboats and railroads dominated the land and sea, from New York growing from a dirty, fetid backwater second city to the Queen city of America with a world class railway system and gave the city one of it's most enduring landmarks, Grand Central terminal. We also see how Vanderbilt kept his hand on the pulse of the country, when, how, and where he saw needs to improve travel and then made them happen, from his earliest days running ferries from Staten Island, to his work transporting 49'ers to Gold Rush California, to linking New York to the world. We also see his highly competitive edge when it came to his dealings with his mortal enemies "Robber Barons" James Fisk and Jay Gould during the Erie Railroad war, and how he managed to rise above every dirty trick his enemies could pull.

Overall, it's a very skillfully crafted and well worded book that doesn't bog down, doesn't try to over simplify when it comes to explanations such as stock and bond trading, buyouts, leverages and mergers. It take this highly complex structure and presents it to the reader in way that helps you understand how it all works and gives a great new look at man whose name still resonates today 132 years after his death.