John Jacob Astor III
John Jacob Astor III[a] (June 10, 1822 – February 22, 1890) was an American financier, philanthropist and a soldier during the American Civil War. He was a prominent member of the Astor family, becoming the wealthiest member in his generation and the founder of the English branch of the family.
John Jacob Astor III
|Died||February 22, 1890 (aged 67)|
New York City, New York, U.S.
|Resting place||Trinity Church Cemetery, New York City, New York, U.S.|
|Alma mater||Columbia University |
University of Göttingen
Harvard Law School
|Spouse(s)||Charlotte Augusta Gibbes|
(m. 1846–1887; her death)
|Children||William Waldorf Astor|
|Parent(s)||William Backhouse Astor Sr.|
Margaret Alida Rebecca Armstrong
|Relatives||See Astor family|
Astor was the eldest son of real estate businessman William Backhouse Astor Sr. and Margaret Alida Rebecca Armstrong. His younger brother, businessman William Backhouse Astor Jr., became the patriarch of the male line of American Astors.
John Astor studied at Columbia College, graduating in 1839, and the University of Göttingen, following which he went to Harvard Law School, graduating in 1842. He practiced law for a year, to qualify for assisting in the management of his family's immense estate, one half of which later descended to him. It was based on his paternal grandfather's achieving a monopoly in the lucrative fur trade in the early nineteenth century.
In business, Astor dabbled in railroad investment, but was outsmarted by Commodore Cornelius Vanderbilt and forced to yield control of the original New York Central Railroad line (from Albany to Buffalo) to him. His principal business interest was the vast Astor Estate real estate holdings in New York City, which he managed profitably and parsimoniously.
During the American Civil War, Astor served as a volunteer aide-de-camp, with the rank of colonel, to Major General George B. McClellan (then commanding general of the U.S. Army) from November 30, 1861, to July 11, 1862. In recognition of his services during the Peninsular Campaign, Astor was brevetted as a brigadier general of Volunteers in March 1865.
In 1880 he became a companion of the New York Commandery of the Military Order of the Loyal Legion of the United States—a military society of officers who had served in the Union armed forces. He was assigned insignia number 1909.
Astor donated objects and funds to the Metropolitan Museum of Art (in 1887 he presented it with his wife's collection of valuable laces and left a bequest of $50,000). He and his brother presented Trinity Church with a memorial to their father: a sculptured reredos and altar costing $80,000. He left a bequest of $450,000 to the Astor Library, bringing the family benefactions to the institution to a total of about $1,500,000. He also gave generously to the New York Cancer Hospital ($100,000 bequest), the Woman's Hospital, St. Luke's Hospital ($100,000 bequest) and the Children's Aid Society.
He took an active interest in the Astor Library beyond funding. He was treasurer of its board of trustees, and in 1879 deeded to it the three lots on which the northern wing of the present building was later constructed by him. He presented it with his collection of early books and rare manuscripts.
His deeply religious wife Charlotte supported the newly formed Children's Aid Society and sat on the board of the Women's Hospital of New York, an institution that to her dismay refused to accept cancer patients. She persuaded her husband to donate the money ($225,000) to erect the New York Cancer Hospital's first wing, the "Astor Pavilion." For twenty years, she supported a German industrial school. From 1872 until her death, she was a manager of the Woman's Hospital, besides taking an active part in the Niobrara League to aid the Indians and in many other charities. She bequeathed $150,000 to charitable organizations.
On December 9, 1846, Astor was married at Trinity Church in New York City to Charlotte Augusta Gibbes (February 27, 1825 – December 12, 1887). Her parents were Thomas Stanyarne Gibbes Jr. and Susan Annette Vanden Heuvel. Together, they had one child, William Waldorf Astor in 1848, who later became the 1st Viscount Astor, who married Mary Dahlgren Paul.
In 1859, he built a home at 338 Fifth Avenue, today the street address of the Empire State Building. Later, he had an imposing vacation home, Beaulieu, built in Newport, Rhode Island, and he had a country estate, Nuits, at Ardsley-on-Hudson in Irvington, New York. Astor increasingly visited London in his later years. His son moved there permanently with his family in 1891 and became a British citizen in 1899 later being made Lord Astor.
- Some sources such as Time magazine incorrectly list him as "John Jacob Astor II" and discount the birth of his uncle John Jacob Astor Jr., who was unstable.
- "Milestones". Time. July 31, 1939. Retrieved 2008-08-01.
To celebrate the fourth birthday of Millionheir* William Astor, his parents, Mr. and Mrs. John Jacob Astor III, invited his playmates to a party on the lawn of Chetwode, pillared Astor mansion at Newport. *When John Jacob Astor IV went down on the Titanic, most of his fortune went to 20-year-old Son Vincent, only a few million to Son John Jacob VI, then unborn. Since Vincent has no direct heirs, William is heir apparent to both fortunes.Cite has empty unknown parameter:
- Catalogue of Officers and Graduates of Columbia University from the Foundation of King's College in 1754. New York City: Columbia University. 1916. p. 106.
- Coquillette, Daniel R. VerfasserIn. On the battlefield of merit Harvard Law School, the first century. ISBN 978-0-674-96766-3. OCLC 965797778.
- Wilson, J. G.; Fiske, J., eds. (1900). . Appletons' Cyclopædia of American Biography. New York: D. Appleton.
- New York Times. February 7, 1904.
- Rines, George Edwin, ed. (1920). Encyclopedia Americana. .
- Trustees, Astor Library (1892). "Extract from the Will of the late John Jacob Astor, January 6, 1888". Forty-Third Annual Report of the Trustees of the Astor Library of the City of New-York, for the Year 1891.
- Speight, John F. "Genealogy Data Page 850". speightfamily.net. Archived from the original on October 8, 2018. Retrieved March 10, 2019.
- "Viscount Astor Died Suddenly of Heart Disease. Stricken Saturday Morning, After Having Passed Part of Preceding Day Outdoors. Body Will Be Cremated and the Ashes Placed in Private Chapel at Cliveden. Peerage Came as Reward for War Gifts. Realty Holdings Here Valued at $60,000,000. Little Known to British Public. Estate Will Pay a Heavy Tax. His Pursuit of Title Evoked Bitter Criticism. Became a British Subject in 1899. Peerage Followed War Gifts". New York Times. October 20, 1919. Retrieved 2008-08-01.
Viscount Astor died yesterday morning. His death, which was from heart disease, was unexpected.Cite has empty unknown parameter:
- "John Jacob Astor Dead. Heart Disease Carries Him Off Suddenly. The End Of A Placid And Useful Life Full Of Good Deeds. William Waldorf Astor His Only Heir". New York Times. February 23, 1890. Retrieved 2008-06-22. Cite has empty unknown parameter: