Although the State of Illinois formally retains a nominal say in its management, yet it is really owned and ruled by eight men, among whom are John Jacob Astor, and Robert Walton Goelet, associated with E.H. Harriman, Cornelius Vanderbilt and four others. In Chicago, with its phenomenally speedy growth of population and its vast array of workers, immense fortunes were amassed within an astonishingly short period. This large fortune, as is that of the Astors and of other extensive landlords, is not, as has been pointed out, purely one of land possessions. In the basement he had a forge, and there were tools of all kinds over which he labored, while upstairs he had a law library of 10,000 volumes, for it was a fixed, cynical determination of his never to pay a lawyer for advice that he could himself get for the reading. Robert Goelet Jr., a motion picture producer and heir to a fortune, died of a heart attack June 28 at Good Samaritan Hospital in West Palm Beach, Fla. Far from it. [16] Among his other New York holdings were the southeast corner of 42nd Street and Lexington Avenue, 14 Sutton Place South, 1400 Broadway, 53 Broadway, and the building on the southwest corner of Fifth Avenue and 37th Street (which he bought in 1909). Of this amount all that private individuals contributed was $4,930 a mile above their receipts ; these latter were sums which the private owners gathered in from selling the land given to them by the State, amounting to $35,211 per mile, and the sums that they pocketed from stock waterings amounting to $8,189 a mile. In the course of this work it has already been shown in specific detail how Peter Goelet in conjunction with John Jacob Astor, the Rhinelander brothers, the Schermerhorns, the Lorillards and other founders of multimillionaire dynasties, fraudulently secured great tracts of land, during the early and middle parts of the last century, in either what was then, or what is now, in the heart of New York City. In 1952 Lerner borrowed $250 from his wife to start a real estate company, selling homes for developers. History [ edit] The Goelets are descended from a family of Huguenots from La Rochelle in France, who escaped to Amsterdam. His personal habits were considered repulsive by the conventional and fastidious.

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