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Prince of Darkness

The Untold Story of Jeremiah G. Hamilton, Wall Street's First Black Millionaire

Shane White

Picador

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ISBN10: 1250099811
ISBN13: 9781250099815

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368 Pages

$20.00

CA$26.99

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Winner of the 2015 Society for Historians of the Early American Republic's Best Book Prize

In the mid-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 Republicanacknowledged 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 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.

Reviews

Praise for Prince of Darkness

"Alexander wasn’t the only controversial Hamilton from New York. After prodigious research, Professor Shane White rescues Jeremiah G. Hamilton from oblivion."The New York Times

"White has created a fitting tribute to a man who had all but been forgotten."Perspectives on History, American Historical Association

"Chronicles how the complex and notorious Hamilton bucked racial stereotypes and social expectations to make his unprecedented wealth . . . a fascinating picture of the enigmatic figure."Ebony

“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

“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

“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, and 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

“Pieces together the remarkable career of an antebellum Wall Street broker who was married to a white woman, ambitious, ruthless, successful, and black: in short, 'a racist's nightmare come to life.' . . . Superb scholarship and a sprightly style recover an unaccountably overlooked life.”Kirkus Reviews

Reviews from Goodreads

About the author

Shane White

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 several 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.

Brad Gerhard

Visit Shane White's faculty profile