The James family were probably the
most intellectual American family of the nineteenth
century, starting with the arrival of William James
from Cavan Ireland in 1789 until death of his grandson
Henry James the novelist in 1916. The man who would
be known as William James of Albany was born on a 25
acre tenant farm in Bailieborough Co Cavan Ireland in
1771. The James family produced oats, potatoes, and
flax for the making of Irish linen. William James made
the most of the slim educational possibilities available
to him in Ireland at that time, William James prided
himself on his elegant script, and was mildly interested
in reading literature. William had an educational push
for intellectual betterment.
The rebellion of the American colonies against England
in the 1770's sent a tremble of excitement through the
tenant farmers of Ireland. Astute Irishmen with ideas
of political independence from England were to hasten
matters after the decisive defeat of the English at
Saratoga in 1777. The English however felt it strategically
wise to prevent rebellion locally in Ireland by easing
restrictions. The repressive laws in Ireland at that
time were eased, rules were modified for the recruiting
of Irish of all religions into the English army for
the American war.
For young William James conditions in Co Cavan Ireland
remained uncertain at best. Seeing no satisfactory future
in Ireland, and inspired by the outcome in America.
William James packed his few books and clothes, and
pocketed his small amount of money and left Ireland
for America. The first place
William James visited was Saratoga where General John
Burgoyne surrendered to the colonists. That visit lead
to William James settling in the nearby village of Albany.
By the time of his death forty three years later, William
James had turned the small amount of money he left Ireland
with into one of the largest fortunes in the young United
States of America.
In 1793 William James was working in a dry goods store
in Albany as a clerk. In 1795 he opened his own store
dealing in farm produce and dry goods, and two years
later he opened a second store in the dock area for
the procurement of goods. By 1805 William James was
running five business establishments in Albany and one
on John Street in New York City. He also had built himself
a tobacco factory. These were noted events in Albany
a settlement with less than 4000 people in the 1790's.
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| William James would no longer devote
his time to his chain of stores or his import and export
business. He would put that in the hands of one of his
sons in Albany, and James McBride in New York City. From
now on he would concentrate on matters of finance and
investment, and while continuing to serve as director
of New York State Bank, he became vice president of Albany
Saving Bank it opened in 1820. In his official duties
he oversaw the granting of loans, the negotiation of mortgages,
and he entered real estate in an enormous scale.
William James owned the land Columbia College was built
on in Manhattan, he acquired buildings and land all
across the state, in Troy, Utica, Rochester, Buffalo,
and he was the virtual owner of Union College in Schenectady.
But the most amazing deal came in 1824 when he bought
the village of Syracuse. It was not much of a village,
250 acres of marshland and fever infested swamps, it
was enough to make an owl weep to fly over it. But it
contain salt and William James bought it for $30.000.
The vast under taking of making Syracuse livable was
carried out by the newly formed Syracuse Company of
which William James was President. The Syracuse Company
cleared, drained, graded, built buildings, and sold
lots. The Syracuse Company loaned money to newcomers
so they could establish themselves. By 1830 they had
sold 320 lots at $620 each. It was a superb capitalistic
project.
William James also bought the Saratoga Salt Company,
which produced 400.000 bushels of salt a year. To get
some idea as to the kind of money William James was
making. It was said that by 1846 $3.500.000 had been
paid to New York State in salt taxes alone, and William
James was president of all these companies, and he was
a persuasive tyrant, it was said when William James
came to town things went as he wished.
His son Henry James Senior as he would be known as
when he became father of the geniuses, was born to Catherine
Barber, William James's third wife. Henry attended Albany
Academy, where Joseph Henry the great scientist was
at that time a young science teacher. Young Henry James
had a habit of joining the young teacher in experiments.
One of which was flying balloons made from muslin which
was powered skyward by a fixed ball of hemp soaked in
turpentine and ignited. The balloon rose skyward until
the balloon caught fire and burned out. Then the hemp
ball crashed to the ground, where it would be kicked
around by the boys until it extinguished. One day the
ball was kicked into the hay loft over the stable, Henry
James climbed into the hay loft and began stamping out
the fire, he had earlier got some turpentine splashed
in his pants, and his right leg caught fire. He was
rescued but received severe burns to his leg. During
the months that followed he was confined to bed. He
underwent two amputations without anesthetic. by the
time this sixteen year old left the hospital he had
lost his right leg to a point above the knee. It was
his father William's reaction that stayed in Henry's
memory all his life. His father's anguish at the sight
of the surgeon's knife cutting into his son's leg was
such, that Catherine James was hard put to stop her
husband from attacking the surgeon. The display of his
father's tenderness and compassion give young Henry
an exalted sense of his affection, and at that moment
obliterated the sense of paternal apathy. If we take
a look at William James of Albany in 1827, we see a
big well built man, clean shaven, with healthy Irish
looks, cold black eyes not easily forgotten, black hair,
self centered, entrepreneurial, organized, humorless,
possessing an extraordinary power to attract.
In 1828 Henry entered Union College in Schenectady,
twelve miles north of Albany on the Mohawk River. Union
College offered at that time the finest education in
New York State. However Henry spent most of his time
partying with his fellow students who helped their crippled
classmate around campus, until later in the year Henry
was fitted with a wooden leg. and was then able to get
around on his own. Henry got his zest for life back,
and lived it in a style that angered his father. He
ran up bills all over town, the taverns, bookstores,
tailors, and he charged it all to his father. Henry
received a letter from his father's financial accountant
Archibald McIntyre, "I consider you on the very
verge of ruin" and instructed Henry to spend no
more money without his father's approval. Some of his
family considered him already lost. Within a few weeks
Henry fled from Union College, moved to Boston and got
himself a job with a newspaper. Nonetheless after a
few weeks Henry was persuaded to return to Union College.
William James influence was not restricted to Albany,
it was felt at Union College where young Henry was enrolled.
William James was one of the two men that were the Board
of Trustees, William James held the mortgage on Union
College for its entire valuation.
In 1823 William James was a leading citizen of Albany
and he was elected chairman of the Committee of Citizens
of Albany, at the opening of the eastern section of
the Erie Canal when the first boat sailed through. When
William addressed the crowd at the opening ceremonies,
William James said, "The canal was a work that
sheds luster on the United States, bearing the stamp
of the enterprising spirit and resolution which declared
our Independence". This thought led the migrant
from Kurish, Bailieborough, County Cavan., to make known
the advantages of the New World Freedoms for all. He
continued, "With the perpetual example of despotism
of wretchedness in the Old World before our eyes, we
may look forward with a well founded hope that neither
tyrannical aristocracies nor intriguing demagogues can
ever succeed in corrupting our citizens or blighting
our liberties".
Then James lapsed into a typical Jamesian moment, he
said that he had not originally grasped the enormity
of the project. However he had signed a petition in
1816 with Archbald McIntyre, urging the legislature
to vote for building the canal. "But now I feel
an emotion, Something like been born again partaking
in the opening festivities of this day". James's
oration which took more than an hour to deliver, exemplified
the gains the canal would bring, and the greatness of
the country in which such an accomplishment was possible.
In his later years William James became as much respected
for his charitable activities and participation in public
life as for his financial exploits. He was on every
civic committee and showed up at every important event.
He died December 19th 1832 a few days short of his sixty
first birthday.
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