Online Encyclopedia

Search over 40,000 articles from the original, classic Encyclopedia Britannica, 11th Edition.

JOHN JACOB ASTOR (1763-1848)

Online Encyclopedia
Originally appearing in Volume V02, Page 794 of the 1911 Encyclopedia Britannica.
Spread the word: del.icio.us del.icio.us it!

See also:

JOHN See also:JACOB See also:ASTOR (1763-1848)  , See also:American See also:merchant, was See also:born at the See also:village of Walldorf, near See also:Heidelberg, See also:Germany, on the 17th of See also:July 1763 . Until he was sixteen he worked in the See also:shop of his See also:father, a See also:butcher; he then joined an See also:elder See also:brother in See also:London, and there for four years was employed in the piano and See also:flute factory of an See also:uncle, of the See also:firm of See also:Astor & Broadwood . In 1783 he emigrated to See also:America, and settled in New See also:York, whither one of his See also:brothers had previously gone . On the voyage he became acquainted with a See also:fur-trader, by whose See also:advice he devoted himself to the same business, buying furs directly from the See also:Indians, preparing them at first with his own hands for the See also:market, and selling them in London and elsewhere at a See also:great profit . He was also the See also:agent in New' York of the firm of Astor & Broadwood . By his See also:energy, See also:industry and See also:sound See also:judgment he gradually enlarged his operations, did business in all the fur markets of the See also:world, and amassed an enormous See also:fortune,—the largest up to that See also:time made by any American . He devoted many years to carrying out a project for organizing the fur See also:trade from the Great Lakes to the Pacific Ocean, and' thence by way of the Hawaiian Islands to See also:China and See also:India . In 1811 he founded, at the mouth of the See also:Columbia See also:river a See also:settlement named after him See also:Astoria, which was intended to serve as the central See also:depot; but two years later the settlement was seized and occupied by the See also:English . The incidents of this undertaking are the theme of See also:Washington See also:Irving's Astoria . A See also:series of disasters frustrated the gigantic See also:scheme . Astor made vast additions to, his See also:wealth by investments in real See also:estate. in New York See also:City, and erected many buildings there, including the hotel known. as the Astor See also:House . The last twenty-five years of his See also:life were spent in retirement in New York City, where,. he died on the 29th of See also:March 1848, his fortune then being estimated at about $30,600,000 .

He made various charitable bequests by his will, and among them a See also:

gift of $50,000 to found an institution, opened as the " Astor House " in 1854, for the See also:education of poor See also:children and the See also:relief of the aged and the destitute in his native village in Germany . His See also:chief benefaction, however, was a See also:bequest of $400,000 for the See also:foundation and endowment of a public library in New York City, since known as the Astor library, and since 1895 See also:part of the New York public library . See See also:Parton's Life of See also:John See also:Jacob Astor (New York, 1865) . His eldest son, See also:WILLIAM BACKHOUSE ASTOR (1792-1875), inherited the greater part of his father's fortune, and chiefly by judicious investments in real estate greatly increased it . He was sometimes known as the " Landlord of New York." Under his direction the See also:building for the Astor library was erected, and to the library he gave about $550,000, including a bequest of $200,000 . His son, JOHN JACOB ASTOR (1822-1890), was also well known as a capitalist and philanthropist, giving liberally to the Astor library . The son of the last named, WILLIAM WALDORF ASTOR (1848- ), served in the New York See also:assembly in 1877, and in the See also:state See also:senate in 188o-81 . He was See also:United States See also:minister to See also:Italy from 1882 to 1885 . He published two romances, See also:Valentine (1885) and See also:Sforza (1889) . His wealth, arising from See also:property in New York, where also he built the New Netherland hotel and the Waldorf hotel, was enormous . In 1890 he removed to See also:England, and in 1899 was naturalized . In 1893 he became proprietor of the See also:Pall Mall See also:Gazette, and afterwards started the Pall Mall See also:Magazine .

End of Article: JOHN JACOB ASTOR (1763-1848)
[back]
ANTHONY ASTON (fl. 1712-1731)
[next]
ASTORGA

Additional information and Comments

There are no comments yet for this article.
» Add information or comments to this article.
Please link directly to this article:
Highlight the code below, right click and select "copy." Paste it into a website, email, or other HTML document.