Back New York
Chapters (35)
  1. Maps
  2. Preface
  3. New Amsterdam
  4. New York
  5. The Boston Girl
  6. The Philadelphia Girl
  7. Montayne’s Tavern
  8. London
  9. Abigail
  10. The Loyalist
  11. The Patriot
  12. Vanessa
  13. War
  14. Fire
  15. Love
  16. The Capital
  17. Niagara
  18. Past Five Points
  19. Crystal Palace
  20. Lincoln
  21. The Draft
  22. Moonlight Sonata
  23. Snow
  24. Old England
  25. Ellis Island
  26. Empire State
  27. Brooklyn
  28. Verrazano Narrows
  29. After Dark
  30. Giving Birth
  31. Millennium
  32. The Board Game
  33. The Towers
  34. Epilogue
  35. Acknowledgments

But Astor was no drug dealer. He’d sold the Chinese furs. Importing silks and spices in return, he’d multiplied his profits. And with those profits, he’d made the simplest investment in the world: he’d bought Manhattan land. He didn’t develop it, usually—he just bought it, leased it, or sold it on. As the city was rapidly expanding, the land values shot up. He’d quietly continued the process, become a revered city elder, the patron of Audubon, of Edgar Allen Poe, and even founded the Astor library. Last year, he had died worth twenty million dollars, the richest man in America.

“You think the railroad business could be that big?” Hetty asked.

“I do,” said Frank. “When I was a boy, my father took me to the opening of the Erie Canal. That canal alone transformed the shipping of grain and caused a huge expansion of places like Albany. Given time, the new railroads will far exceed what the canals accomplished—they’ll change the whole continent. Unlike canals, they’re easy to build, and the speed at which freight, and people, can travel is going to increase by leaps and bounds. Land prices are going to rise all the way along the new railway lines, if you can just figure out the right places. There’ll be opportunities to invest in the railroads themselves, as well.”

“Let’s look at the maps, then,” said his wife, with a smile.

She’d always been his partner, right from the start. Always supported him, whatever he wanted to do, joined in his interests and enthusiasms. Once, when someone had asked him when he’d first been sure he wanted to marry Hetty, to their great surprise they’d received the answer: “It was the Croton Aqueduct that did it.” But it had been perfectly true.

If the old water supply of New York had been inadequate for decades, the city’s eventual solution was magnificent. Forty miles to the north the River Croton, which ran into the Hudson, was dammed to make a huge reservoir. From there, water was carried south in a covered canal until it crossed by bridge over the Harlem River onto the north end of Manhattan. Passing over two more high aqueducts on the way, it flowed down through conduits into a thirty-five-acre receiving reservoir, which extended between Eighty-sixth and Seventy-ninth Streets on the city plan. Another five miles of conduits and pipes brought water from the receiver to Murray Hill, where the distributing reservoir, a splendid building just below Forty-second Street, and which looked like a fortress, held twenty million gallons.

The whole thing was a masterpiece of engineering, and it hadn’t surprised Hetty in the least that, just before its completion in 1842, while they were still courting, Frank had said that he wanted to inspect every inch of it. What astonished him, and everyone else, was that she cheerfully announced: “I’m coming too.”