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The Art of Wealth Chapter 1

The Art of Wealth Chapter 1

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The Art of Wealth Chapter 1
The Art of Wealth Chapter 1

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Published by: scprweb on Aug 06, 2013
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08/19/2013

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9
T  
he economic expansion that ollowed the Civil War led to animmense accumulation o wealth or the new industrial elite andormed the basis or an extraordinary growth o both art collecting andphilanthropy. Much o this expansion was generated by the building o railroads, and beginning in the early
1860
s, Collis P. Huntington was akey player in this enterprise
.
FROM CALIFORNIA BACK TO NEW YORK, 1862–70
Collis’s role representing the Central Pacic Railroad’s interests inCongress necessitated requent trips rom Sacramento, Caliornia, toEast Coast cities, especially New York and Washington, D.C
.
By late
1862
 Collis
[fg. 1.1]
and his wie, Elizabeth Stoddard Huntington
[fg. 1.2]
,and their inormally adopted daughter, Clara
[fg. 1.3]
, had settled inNew York City, although they continued to travel on railway business
 [fg. 1.4]
. While in New York, they stayed at the luxurious MetropolitanHotel, their residence or the next our years.
1
This well-appointed hoteloccupied a
300
-oot rontage o our foors above ashionable shops alonga ull block on Broadway, near Prince Street. Massive in scale, with steam-heated rooms or as many as
600
guests, it also had elegant amily apart-ments, with private drawing rooms decorated with urnishings importedrom Europe.In
1867
, Collis decided to buy a house and property at
65
ParkAvenue, his home or the next twenty-six years, throughout his rstmarriage and during the early years o his marriage to his second wie,Arabella. He bought it in Elizabeth’s name or $
60
,
041
.
95
[
$
 951,461
].
2
 Located in the Murray Hill area, it was only a block rom the UnionLeague Club, an infuential men’s club closely associated with the arts.Ater the Civil War, ashionable mansions and elegant brownstoneronts began to appear in the Murray Hill area along Fith, Madison, andPark Avenues at
34
th Street, ranging in price rom $
100
,
000
to $
200
,
000
 [
$
1.5
 
to
 
$
 3 million
]. Among these was the grandest house in post–Civil War New York, the A. T. Stewart mansion, completed in
1869
.
3
chapter one
Collis P. Huntington
1862 to 1884
Collis P. Huntington(detail o 
fg prolog.1
).Hispanic Society o America, N.Y.
 
10
the art o wealth
10
clockwise from left
fg 1.1
Collis P. Huntington,c.
1860
. Mariners’ Museum,Newport News, Va.
fg 1.2
Elizabeth StoddardHuntington. Mariners’Museum, Newport News, Va.
fg 1.3
Clara PrenticeHuntington. Hispanic Society o America, N.Y.

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