History of America’s One Percent – Episode #31

hogaf-logo-wip2In this podcast series we dive into the long and shadowy history of America’s ruling elite through the works of authors who were either silenced, suppressed, or forgotten, to discover the origins of the 1% and from where their power and wealth was, and still is, extracted. Each recording will be approx. 1 hour in length to allow for easy consumption of the material.  The narrator will only interrupt the reading to provide insight, spell names, read informative footnotes, or provide definitions for archaic words.


In this episode – Continued reading of History of Great American Fortunes by Gustavus Myers.  Includes Part III, Chapter VIII:  Further Aspects of the Vanderbilt Fortune.  The Commodores Methods Carried On By the Third Generation.  An American Era: Frauds Below $50 Million Barely Worth Mentioning.  The Vanderbilt’s Confiscate a 17 Acre Chunk of New York City.  Compliant Government Officials Pass Law to Gift The Area to the Vanderbilt’s For Their Private Use. They Sign An Agreement to Re-Open the Streets to the Public Whenever The City Requires. The Agreement Gets “Misplaced,” Disappears for Twenty Years. They Pay No Taxes on the Appropriated Land.  Other “Small” Frauds Considered: Public Fleeced $1.2 Million for New York Central Upgrades.  The Railroad Charges What it Pleases For Work and Materials, City Forced to Pay.  Vanderbilts Pose as “Reformers.”  Methods of Acquiring the Lake Shore, and Boston and Albany Railroads.  The Government An Engine for Tyranny.  Machine Guns for the Overworked.  Ten Millions for A Dukedom.  Vanderbilt Marriages to European Titled Nobility Prove a Drain On Their Huge Fortune.

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PART III, CHAPTER VIII – FOOTNOTES. Continue reading

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