One of Vanderbilt’s sons-in-law, needing $50,000 to set up a business, approached the Commodore for the loan. The old man inquired how much he expected to make from the investment.
“About five thousand a year,” was the reply.
“I can do better than that with fifty thousand dollars,” said Vanderbilt. “Tell you what I’ll do. I’ll pay you five thousand a year hereafter, and you may consider yourself in my employ at that salary.”