The Untold Story of Jeremiah G. Hamilton, Wall Street's First Black Millionaire
by Shane White
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Published Oct 2015
368 pages
Genre: History, Current Affairs and Religion
Publication Information
A groundbreaking and vivid account of the larger than life story of an African American man who defied every convention of his time.
In the middle decades of the nineteenth century Jeremiah G. Hamilton was a well-known figure on Wall Street. Cornelius Vanderbilt, America's first tycoon, came to respect, grudgingly, his one-time opponent. The day after Vanderbilt's death on January 4, 1877, an almost full-page obituary on the front of the National Republican acknowledged that, in the context of his Wall Street share transactions, "There was only one man who ever fought the Commodore to the end, and that was Jeremiah Hamilton."
What Vanderbilt's obituary failed to mention, perhaps as contemporaries already knew it well, was that Hamilton was African American. Hamilton, although his origins were lowly, possibly slave, was reportedly the richest colored man in the United States, possessing a fortune of $2 million, or in excess of two hundred and $50 million in today's currency.
In Prince of Darkness, a groundbreaking and vivid account, eminent historian Shane White reveals the larger than life story of a man who defied every convention of his time. He wheeled and dealed in the lily white business world, he married a white woman, he bought a mansion in rural New Jersey, he owned railroad stock on trains he was not legally allowed to ride, and generally set his white contemporaries teeth on edge when he wasn't just plain outsmarting them. An important contribution to American history, Hamilton's life offers a way into considering, from the unusual perspective of a black man, subjects that are usually seen as being quintessentially white, totally segregated from the African American past.
"Like Mr. Hamilton himself, Shane White makes the impossible possible. Only the indispensable historian of black New York could have brought the 'Prince of Darkness' back to life. He makes smudgy newspapers and dusty court records pulse with the ambition, treachery, and hilarity of a different age of boom, bust, and dubious racial progress. A great read about a one-of-a-kind who nevertheless has much to tell us about Gotham and U.S. history." - David Waldstreicher, The Graduate Center, City University of New York
"At a time when Gotham was virtually inventing segregation, long before the South did, a black man bulled his way into Wall Street, the city's whitest citadel, and ruthlessly made a fortune there. He challenged social codes, too, marrying a white woman, living in a mansion, and was nearly lynched from a lamppost for his transgressions. Yet after his vivid life Jeremiah G. Hamilton vanished completely from New York's collective memory. Happily Professor White, in a bravura display of historical sleuthing, has brought the so-called Prince of Darkness back into the light, and illuminated Hamilton's city as well." - Mike Wallace, co-author of Gotham, winner of the Pulitzer Prize
"White details his incredible life, marriage to a white woman, and contentious presence on Wall Street, in the process revealing the ways that historians reconstruct the past. An engaging look at an extraordinary man." - Booklist
"Hamilton's story is gripping; so, too, is his puzzling near disappearance from the historical record. White does an excellent job drawing out the facts of Hamilton's life and supplementing them with details from the history of Wall Street and of other African American New Yorkers of the era." - Library Journal
"A well-told, stereotype-busting tale about a nineteenth century black financier who dared to be larger than life, and got away with it!" - Elizabeth Dowling Taylor, author of A Slave in The White House
"Villain? Hustler? Financial Genius? Black Horatio Alger? The White Man's worst nightmare? With panoramic vision and panache, Shane White unravels the mystery that is Jeremiah G. Hamilton." - Robin D. G. Kelley, author of Thelonious Monk: The Life and Times of an American Original
"In Prince of Darkness, Shane White employs the superb skills of an accomplished historian to narrate the compelling story of a New York Hamilton who commanded front page news attention in his day and faded into obscurity in the years that followed. Jeremiah Hamilton was not only America's first black millionaire, he was a ruthless businessman and trader who sparked fear, contempt, jealousy and a range of other emotions from contemporaries and adversaries. A fine read, I highly recommend this important new book." - Earl Lewis, President, The Andrew W. Mellon Foundation and co-author with Heidi Ardizzone, Love On Trial
"Shane White's impeccably researched book offers a compelling history of Jeremiah Hamilton, America's first black Wall Street millionaire. Prince of Darkness tells the complex story of race and wealth in antebellum New York, with a mysterious and sometimes purposefully ambiguous character at its center. From the islands of the Caribbean to Gotham, Hamilton welded together grit and intellectual agility that propelled him into unimaginable wealth. Unlike his African American contemporaries, Jeremiah Hamilton was less concerned with respectability politics or racial uplift. The "Prince of Darkness" was a man who wanted to be rich, and nothing would stand in his way." - Erica Armstrong Dunbar, author of A Fragile Freedom:: African American Women and Emancipation in the Antebellum City
This information about Prince of Darkness was first featured
in "The BookBrowse Review" - BookBrowse's membership magazine, and in our weekly "Publishing This Week" newsletter. Publication information is for the USA, and (unless stated otherwise) represents the first print edition. The reviews are necessarily limited to those that were available to us ahead of publication. If you are the publisher or author and feel that they do not properly reflect the range of media opinion now available, send us a message with the mainstream reviews that you would like to see added.
Any "Author Information" displayed below reflects the author's biography at the time this particular book was published.
Shane White is the Challis Professor of History and an Australian Professorial Fellow in the History Department at the University of Sydney specializing in African-American history. He has authored or co-authored five books, including Playing the Numbers, and collaborated in the construction of the website Digital Harlem. Each project has won at least one important prize for excellence from institutions as varied as the American Historical Association and the American Library Association. He lives in Sydney, Australia.
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