Famous Americans of Recent Times Part 29

One morning this gentleman chanced to enter his room while he was enjoying his blanket exercise. The old man cried out from the middle of his blanket,--

"Has Mrs. ---- paid that rent yet?"

"No," replied the agent.

"Well, but she must pay it," said the poor old man.

"Mr. Astor," rejoined the agent, "she can't pay it now; she has had misfortunes, and we must give her time."

"No, no," said Astor; "I tell you she can pay it, and she will pay it.

You don't go the right way to work with her."

The agent took leave, and mentioned the anxiety of the old gentleman with regard to this unpaid rent to his son, who counted out the requisite sum, and told the agent to give it to the old man as if he had received it from the tenant.

"There!" exclaimed Mr. Astor when he received the money, "I told you she would pay it, if you went the right way to work with her."

Who would have twenty millions at such a price?

On the twenty-ninth of March, 1848, of old age merely, in the presence of his family and friends, without pain or disquiet, this remarkable man breathed his last. He was buried in a vault in the church of St.

Thomas in Broadway. Though he expressly declared in his will that he was a member of the Reformed German Congregation, no clergyman of that church took part in the services of his funeral. The unusual number of six Episcopal Doctors of Divinity a.s.sisted at the ceremony. A bishop could have scarcely expected a more distinguished funeral homage. Such a thing it is in a commercial city to die worth twenty millions! The pall-bearers were Was.h.i.+ngton Irving, Philip Hone, Sylva.n.u.s Miller, James G. King, Isaac Bell, David B. Ogden, Thomas J. Oakley, Ramsey Crooks, and Jacob B. Taylor.

The public curiosity with regard to the will of the deceased millionaire was fully gratified by the enterprise of the Herald, which published it entire in five columns of its smallest type a day or two after the funeral. The ruling desires of Mr. Astor with regard to his property were evidently these two: 1. To provide amply and safely for his children, grandchildren, nephews, and nieces; 2. To keep his estate, as much as was consistent with his desire, in one ma.s.s in the hands of his eldest son. His brother Henry, the butcher, had died childless and rich, leaving his property to Mr. William B. Astor. To the descendants of the brother in Germany Mr. Astor left small but sufficient pensions.

To many of his surviving children and grandchildren in America he left life-interests and stocks, which seem designed to produce an average of about fifteen thousand dollars a year. Other grandsons were to have twenty-five thousand dollars on reaching the age of twenty-five, and the same sum when they were thirty. His favorite grandson, Charles Astor Bristed, since well known to the public as an author and poet, was left amply provided for. He directed his executors to "provide for my unfortunate son, John Jacob Astor, and to procure for him all the comforts which his condition does or may require." For this purpose ten thousand dollars a year was directed to be appropriated, and the house built for him in Fourteenth Street, near Ninth Avenue, was to be his for life. If he should be restored to the use of his faculties, he was to have an income of one hundred thousand dollars. The number of persons, all relatives or connections of the deceased, who were benefited by the will, was about twenty-five. To his old friend and manager, Fitz-Greene Halleck, he left the somewhat ridiculous annuity of two hundred dollars, which Mr. William B. Astor voluntarily increased to fifteen hundred. Nor was this the only instance in which the heir rectified the errors and supplied the omissions of the will.

He had the justice, to send a considerable sum to the brave old captain who saved for Mr. Astor the large property in China imperilled by the sudden death of an agent. The minor bequests and legacies of Mr. Astor absorbed about two millions of his estate. The rest of his property fell to his eldest son, under whose careful management it is supposed to have increased to an amount not less than forty millions.

This may, however, be an exaggeration. Mr. William B. Astor minds his own business, and does not impart to others the secrets of his rent-roll. The number of his houses in this city is said to be seven hundred and twenty.

The bequests of Mr. Astor for purposes of benevolence show good sense and good feeling. The Astor Library fund of four hundred thousand dollars was the largest item. Next in amount was fifty thousand dollars for the benefit of the poor of his native village in Germany.

"To the German Society of New York," continued the will,

"I give thirty thousand dollars on condition of their investing it in bond and mortgage, and applying it for the purpose of keeping an office and giving advice and information without charge to all emigrants arriving here, and for the purpose of protecting them against imposition."

To the Home for Aged Ladies he gave thirty thousand dollars, and to the Blind Asylum and the Half-Orphan Asylum each five thousand dollars. To the German Reformed Congregation, "of which I am a member," he left the moderate sum of two thousand dollars. These objects were wisely chosen. The sums left for them, also, were in many-cases of the amount most likely to be well employed. Twenty-five thousand dollars he left to Columbia College, but unfortunately repented, and annulled the bequest in a codicil.

We need not enlarge on the success which has attended the bequest for the Astor Library,--a bequest to which Mr. William B. Astor has added, in land, books, and money, about two hundred thousand dollars. It is the ornament and boast of the city. Nothing is wanting to its complete utility but an extension of the time of its being accessible to the public. Such a library, in such a city as this, should be open at sunrise, and close at ten in the evening. If but _one_ studious youth should desire to avail himself of the morning hours before going to his daily work, the interests of that one would justify the directors in opening the treasures of the library at the rising of the sun. In the evening, of course, the library would probably be attended by a greater number of readers than in all the hours of the day together.

The bequest to the village of Waldorf has resulted in the founding of an inst.i.tution that appears to be doing a great deal of good in a quiet German manner. The German biographer of Mr. Astor, from whom we have derived some particulars of his early life, expatiates upon the merits of this establishment, which, he informs us, is called the Astor House.

"Certain knowledge," he says,

"of Astor's bequest reached Waldorf only in 1850, when a nephew of Mr. Astor's and one of the executors of his will appeared from New York in the testator's native town with power to pay over the money to the proper persons. He kept himself mostly in Heidelberg, and organized a supervisory board to aid in the disposition of the funds in accordance with the testator's intentions. This board was to have its head-quarters in Heidelberg, and was to consist of professors in the University there, and clergymen, not less than five in all. The board of control, however, consists of the clergy of Waldorf, the burgomaster, the physician, a citizen named every three years by the Common Council, and the governor of the Inst.i.tution, who must be a teacher by profession. This latter board has control of all the interior arrangements of the Inst.i.tution, and the care of the children and beneficiaries. The leading objects of the Astor House are: 1. The care of the poor, who, through age, disease, or other causes, are incapable of labor; 2. The rearing and instruction of poor children, especially those who live in Waldorf. Non-residents are received if there is room, but they must make compensation for their board and instruction. Children are received at the age of six, and maintained until they are fifteen or sixteen. Besides school instruction, there is ample provision for physical culture.

They are trained in active and industrious habits, and each of them, according to his disposition, is to be taught a trade, or instructed in agriculture, market-gardening, the care of vineyards, or of cattle, with a view to rendering them efficient farm-servants or stewards. It is also in contemplation to a.s.sist the blind and the deaf and dumb, and, finally, to establish a nursery for very young children left dest.i.tute. Catholics and Protestants are admitted on equal terms, religious differences not being recognized in the applicants for admission. Some time having elapsed before the preliminary arrangements were completed, the acc.u.mulated interest of the fund went so far toward paying for the buildings, that of the original fifty thousand dollars not less than forty-three thousand have been permanently invested for the support of the Inst.i.tution."

Thus they manage bequests in Germany! The Astor House was opened with much ceremony, January 9,1854, the very year in which the Astor Library was opened to the public in the city of New York. The day of the founder's death is annually celebrated in the chapel of the Inst.i.tution, which is adorned by his portrait.

These two inst.i.tutions will carry the name of John Jacob Astor to the latest generations. But they are not the only services which he rendered to the public. It would be absurd to contend that in acc.u.mulating his enormous estate, and in keeping it almost entirely in the hands of his eldest son, he was actuated by a regard for the public good. He probably never thought of the public good in connection with the bulk of his property. Nevertheless, America is so const.i.tuted that every man in it of force and industry is necessitated to be a public servant. If this colossal fortune had been gained in Europe it would probably have been consumed in what is there called "founding a family." Mansions would have been built with it, parks laid out, a t.i.tle of n.o.bility purchased; and the income, wasted in barren and stupid magnificence would have maintained a host of idle, worthless, and pampered menials. Here, on the contrary, it is expended almost wholly in providing for the people of New York the very commodity of which they stand in most pressing need; namely, _new houses_. The simple reason why the rent of a small house in New York is two thousand dollars a year is, because the supply of houses is unequal to the demand. We need at this moment five thousand more houses in the city of New York for the decent accommodation of its inhabitants at rents which they can afford to pay. The man who does more than any one else to supply the demand for houses is the patient, abstemious, and laborious heir of the Astor estate. He does a good day's work for us in this business every day, and all the wages he receives for so much care and toil is a moderate subsistence for himself and his family, and the very troublesome reputation of being the richest man in America. And the business is done with the minimum of waste in every department. In a quiet little office in Prince Street, the manager of the estate, aided by two or three aged clerks (one of them of fifty-five years' standing in the office), transacts the business of a property larger than that of many sovereign princes.

Everything, also, is done promptly and in the best manner. If a tenant desires repairs or alterations, an agent calls at the house within twenty-four hours, makes the requisite inquiries, reports, and the work is forthwith begun, or the tenant is notified that it will not be done. The concurrent testimony of Mr. Astor's tenants is, that he is one of the most liberal and obliging of landlords.

So far, therefore, the Astor estate, immense as it is, appears to have been an unmixed good to the city in which it is mainly invested. There is every reason to believe that, in the hands of the next heir, it will continue to be managed with the same prudence and economy that mark the conduct of its present proprietor. We indulge the hope that either the present or some future possessor may devote a portion of his vast revenue to the building of a new order of tenement houses, on a scale that will enable a man who earns two dollars a day to occupy apartments fit for the residence of a family of human beings. The time is ripe for it. May we live to see in some densely populated portion of the city, a new and grander ASTOR HOUSE arise, that shall demonstrate to the capitalists of every city in America that nothing will pay better as an investment than HOUSES FOR THE PEOPLE, which snail afford to an honest laborer rooms in a clean, orderly, and commodious palace, at the price he now pays for a corner of a dirty fever-breeding barrack!

[Footnote 1: Old Merchants of New York. First Series.]