11. Cornelius "Commodore" Vanderbilt sets out on his own steamboat operation

After Thomas Gibbons dies, his son, William Gibbons, takes over handling all of the businesses and assets of the Gibbons family. Less than two years later William puts up the entire steamboat operation for sale at $400,00 without consulting Vanderbilt. However, there were no buyers, so operations continued a little while longer as Vanderbilt planned his next move.

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