Stephen Van Rensselaer III (1764-1839)

"The Old Patroon" of Rensselaerswyk Manor; Lieutenant-Governor of New York

He was born in New York City to the 9th Patroon of the Manor of Rensselaerswyk that the Dutch government granted to their ancestor, Kiliaen Van Rensselaer (1586-1643), in 1630. His mother, Catherine, was the daughter of U.S. Founding Father Philip Livingston, brother of Robert, the 3rd and last Lord of Livingston Manor. He grew up at Van Rensselaer Manor and by the time he graduated from Harvard (1782) he had succeeded to the 768,000-acre Rensselaerswyk estate that had been managed by his uncle, Abraham Ten Broeck, after the premature death of his father when he was just five.

He was careful to ensure the legacy of his inheritance which he achieved by granting perpetual leases that gave him a steady income from his 80,000-tenants, all the while gaining a reputation as a lenient landlord who preferred to accept produce over money or late payments rather than see his tenants evicted. However, his condition that tenants must pay him one-fourth of the value of their property or an additional year's rent when they sold their leases later added fuel to the fire of the Anti-Rent War (1839-1845). But, his views on slavery were also progressive, whereas in 1790 he owned 15 (a comparative handful for a man of his wealth), by 1830 he had none, actively supporting the return of slaves to Africa and serving as Vice-President of the American Colonization Society.

As a Federalist, he was elected to the New York State Assembly and the New York State Senate before serving as Lieutenant-Governor of New York. He was President of the Erie Canal Commission, a Member of the State Constitutional Convention, and was appointed a Major-General in the State Militia. On the outbreak of the War of 1812, he was given command of the irregular "Army of the Centre" - a political move devised to ensure that he did not become Governor of New York. In a bid to take control of the Niagara River, he launched an unsuccessful attack on the British at Queenston Heights, handing them a major victory despite being vastly outnumbered. Neither was he successful in his second attempt to secure the Governorship of New York (1813), but in 1825 he was credited for casting the vote that saw John Quincy Adams elected as the 6th U.S. President.

He was President of the State Board of Agriculture; President of the Albany Savings Bank; President of the Albany Institute of History & Art; President of the American Lyceum; founding President of the Albany Academy; Grand Master of the Grand Lodge of Freemasons of New York; a founding director of the New York Life Insurance & Trust Company; Chancellor of the Board of Regents for the University of the State of New York; and, in 1824 with Amos Eaton he established the Rensselaer Polytechnic Institute (RPI) that continues to this day. In today's terms, his net worth is estimated to have been in excess of $100-billion, making him one of the ten richest Americans in U.S. history.

In 1783, he married Peggy, daughter of General Philip Schuyler and sister of Mrs Alexander Hamilton, by whom he had 3-children but only one of whom (listed), "The Last Patroon," lived to adulthood. After she died, in 1802 he married Cornelia, daughter of Justice William Paterson, by whom he had 9-children (listed) who lived to adulthood. 

Parents (2)

Stephen Van Rensselaer II

8th Patroon & 5th Lord of the Manor of Rensselaerswyck

1742-1769

Catherine (Livingston) Westerlo

Mrs Catherine (Livingston) Van Rensselaer, Westerlo

1745-1810

Spouses (2)

Peggy (Schuyler) Van Rensselaer

Mrs "Peggy" Margarita (Schuyler) Van Rensselaer

1758-1801

Cornelia (Paterson) Van Rensselaer

Mrs Cornelia Bell (Paterson) Van Rensselaer

1780-1844

Children (10)

Stephen Van Rensselaer IV

"The Last of the Patroons" of Rensselaerswyck Manor, New York

1789-1868

Catherine (Van Rensselaer) Wilkins

Mrs Catherine (Van Rensselaer) Wilkins

1803-1874

William Paterson Van Rensselaer

of Beverwyck Manor, Rensselaer County, New York

1805-1872

Philip Stephen Van Rensselaer

Philip Stephen Van Rensselaer

1806-1871

Rev. Cortlandt Van Rensselaer

D.D., Secretary of the Presbyterian Board of Education

1808-1860

Henry Bell Van Rensselaer

Brig.-General Henry B. Van Rensselaer, U.S. Representative from New York

1810-1864

Cornelia (Van Rensselaer) Turnbull

Mrs Cornelia Paterson (Van Rensselaer) Turnbull

1812-1890

Alexander Van Rennselaer

Alexander Van Rennselaer, of New York City

1814-1878

Euphemia (Van Rensselaer) Cruger

Mrs Euphemia White (Van Rensselaer) Cruger

1816-1888

Westerlo Van Rensselaer

Westerlo Van Rensselaer, died in early adulthood, unmarried

1820-1844

Associated Houses (1)

Van Rensselaer Manor House

Albany, New York

https://247wallst.com/special-report/2022/06/08/30-richest-americans-of-all-time-5/2/