Banking Empire to Bust: How to Squander a Family Fortune (Castlewood)

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  • Опубликовано: 12 янв 2025

Комментарии • 123

  • @hiridavidfeign
    @hiridavidfeign Год назад +13

    This is the ultimate story of material greed. The thought of her saving her diamonds while the ship was sinking... What a tale! It's so terrible that these places get torn down, but who can afford them? Great episode. Thanks.

  • @jonclassical2024
    @jonclassical2024 Год назад +20

    Very thoughtful and well done Ken....totally agree....I am much happier retired making 80% less a year than when I was working! Castlewood was very nice and had she not spent so much money on clothing and 27 servants, she could have lived there much longer! Running back to your stateroom on a sinking ship for diamonds is classic!

  • @towersroofinginc422
    @towersroofinginc422 Год назад +26

    It appears only here in the US they demolished beautiful homes like that. The amount of work that went into them, the PERFECTION and SPEED in which these colossal mansions were built is truly astonishing. Lucky for all of us there’s still many homes that when visited is truly hard to comprehend even today that somebody called those places home! There’s not a single modern home that can hold a candle to any of those buildings.

    • @videoprotectedcom
      @videoprotectedcom Год назад +2

      You mean shitrock is not inspiRATIONAL. I wish I could be in her so call budget.

    • @michaelboydston9668
      @michaelboydston9668 Год назад

      Lots in the UK over the years too. Mostly because of the war.

    • @harryhanz1690
      @harryhanz1690 Год назад +1

      Homes like that have been demolished for centuries. Entire cities have been razed and new ones built atop their remains.

    • @gsueagle001
      @gsueagle001 Год назад

      @@videoprotectedcom if youre going to comment, at least make sure the rest of the world understands what drunk you is saying.

  • @laurielaurie8280
    @laurielaurie8280 Год назад +28

    It never ceases to amaze me how wasteful people are. There have been so many great homes and building torn down and neglected that is really mind boggling. People are too wasteful.

  • @mileshigh1321
    @mileshigh1321 Год назад +34

    Too much money spent too quickly on un-needed extravagance! Her choice to save her diamonds cost her own life! The house was beautiful inside and out! Amazing craftsmanship!

    • @ThisHouse
      @ThisHouse  Год назад +4

      The costs of extravagance can be high, and in this case, it had serious consequences. Glad you enjoyed the beauty of Castlewood.

    • @danielkoher1944
      @danielkoher1944 Год назад +2

      In all seriousness she was fortunate enough to not have to deal with commoners.
      She clearly couldn’t have handled it.

  • @wildspirit922
    @wildspirit922 Год назад +8

    It breaks my heart that something so beautiful was torn down. These treasures can't be replaced

    • @harryhanz1690
      @harryhanz1690 Год назад +1

      That wasn't a treasure. It was a paean to vanity and hubris.

  • @pyrexmaniac
    @pyrexmaniac Год назад +11

    Wow! This home is a feast for the eyes. The chandeliers in the salon are truly magnificent. The fireplaces, too.

  • @Laura-i2r9r
    @Laura-i2r9r Год назад +8

    It’s a criminal shame such a gorgeous ornate mansion such as this and others I’ve seen in your fantastic videos have been demolished. Such an incredible piece of artwork and elegance. Such a striking interior . Beautiful woodwork and such a beautiful staircase. This mansion was truly a masterpiece of beauty, elegance and grandeur. The plasterwork , the wood paneling and absolutely lovely chandelier scand furnishings scream royalty. But to hear they end up getting torn down really is a crime . These homes are rich in history just the way they were built and the wealthy family that occupied these grand estates . Thank you Ken this was a beautiful mansion indeed👍🏻👍🏻👏🏻👏🏻😊😊💕❤

    • @harryhanz1690
      @harryhanz1690 Год назад

      It's a criminal shame that there have always been people who did nothing to earn their fortunes utterly waste that fortune on idiotic vanity projects.

  • @joannekinnally7530
    @joannekinnally7530 Год назад +38

    It’s so sad to see that in building these ultra expensive mansions so many wealthy families lost everything 😢

    • @harryhanz1690
      @harryhanz1690 Год назад

      Not really. I think it's hilarious!

    • @robertshiell887
      @robertshiell887 Год назад +1

      Stupid is as stupid does - Forrest Gump

    • @Null-o7j
      @Null-o7j Год назад

      Sadder to see the buildings disappear.

    • @deinos9661
      @deinos9661 Год назад

      Maybe they would not have lost everything if they had not spent all their money on this ultra expensive mansions? 🤔You say it's sad, I say it's poetic justice.

    • @jannaj2719
      @jannaj2719 Год назад

      Oh don’t worry Newport Rhode Island is loaded with mansions.

  • @thedivineenergy
    @thedivineenergy Год назад +11

    *The symmetry of this home is soo lovely. Thank you for your attention to detail, your love of architecture and your truly artistic eye. 😃🥰*

  • @Derek.Duquesne
    @Derek.Duquesne Год назад +8

    Dragged to the ocean floor with diamonds in her hands. What an image

  • @butterfly06830
    @butterfly06830 Год назад +9

    A very sad story of a great building... Those gardens looked fantastic. Pity the property didn't become a Musuem or open to the public to enjoy... The US has destroyed some wonderful Architectual buildings.

  • @BlueKnightErrant
    @BlueKnightErrant Год назад +12

    The stories behind these houses are what makes them homes… sadly most follow the same path of dereliction. Those who made the original fortunes know the value of hard work, saving and how poverty was always just a fall away unlike the heirs. 💸

  • @edjopago1
    @edjopago1 Год назад +2

    I wonder if any of the interiors were saved, such as the paneling and especially that fireplace, and if they incorporated into some new construction somewhere.

  • @mitchellbarnow1709
    @mitchellbarnow1709 Год назад +4

    What an excellent story and I loved the longer format as well!

  • @curiousworld7912
    @curiousworld7912 Год назад +1

    I read somewhere, that many family fortunes are lost within just a couple of generations. It's amazing to me how some can run through so much wealth, so quickly. It's sad that such beauty as this house contained, was so ephemeral.

  • @loumcast
    @loumcast Год назад +1

    Love all the stories and all the beautiful homes you feature on your videos whether they're still standing or are no longer around. You should do a compilation of all the beautiful homes built between the 1800's - 1930's which are still standing and are museums today, which we can be visit. Thank you.

  • @claudiamann7111
    @claudiamann7111 Год назад +2

    So sad that another amazing home was torn down. That hige fireplace was just incredible. Thank you so much for sharing.

  • @DB_Cooper727
    @DB_Cooper727 Год назад +3

    You, my friend, are a top notch storyteller. Another excellent and informative video! Thank you for giving me a glimpse of the past once again.

  • @goldsilverandiamonds
    @goldsilverandiamonds Год назад +20

    Her wealth and spending created many great paying jobs and supported numerous families and businesses in her community.

  • @StamperWendy
    @StamperWendy Год назад +4

    It's very sad how many times ocean travel has been deadly. Thanks, Ken!

  • @dontwanagivit1860
    @dontwanagivit1860 Год назад +5

    As much as I enjoy your videos, I've been thinking... It would be so lovely to see some more "normal" historic homes sometimes. I know it's not as easy to find footage and so forth. But I'm just saying.. what would a ranch built around 1850 in Arizona look like, for example? I don't really know but I'm fascinated. I'd love to see some more ordinary homes and travel back in time in my imagination. I hope one day you'd consider this! Anyways, have a great weekend! ✌️

  • @bowiearcangeli11
    @bowiearcangeli11 Год назад +1

    What a house! Very beautiful, but such a sad story. Thank you for sharing 💜

  • @paco7992
    @paco7992 Год назад +2

    Very well done, as usual. I needed a break, and this is my favorite distraction!

  • @tebelshaw9486
    @tebelshaw9486 Год назад +6

    Check out Hugette M Clark as well, if you haven't already.

  • @dcnunez100
    @dcnunez100 Год назад +3

    Ken, I enjoy all your videos. So informative and your voice is so relaxing ❤

  • @TheDuc069
    @TheDuc069 Год назад +2

    Thank you for all these great stories, I look forward to every episode.
    AdamB

  • @christopherkraft1327
    @christopherkraft1327 Год назад +3

    This was a beautiful & opulent mansion with a fascinating story!!! 👍👍🦃

  • @LJB103
    @LJB103 Год назад +1

    I've always wanted a set of the Stourhead dining chairs that are in this house's dining room. Excellent video.

  • @janedee6488
    @janedee6488 Год назад +1

    The house was beautiful but the drowning with the jewels was nuts.

  • @jannaj2719
    @jannaj2719 Год назад

    There’s a school on the place it was. I live with in a 2 minute walk. The concrete where the foundation was was still there until a couple years ago. Thanks for looking into this! Not many people know about this, it was a rumor as a kid and a fact now,

  • @timothymacdonnell9079
    @timothymacdonnell9079 Год назад +1

    Very interesting story. This house reminds me of the Hearst Castle.

  • @robertguerrero8009
    @robertguerrero8009 Год назад +4

    Her home gone, and she with her jewels in hand in the the watery grave.

  • @TheTimeDetective42
    @TheTimeDetective42 Год назад

    Fantstic work! Thanks for this sad story.

  • @brandbryce
    @brandbryce Год назад +1

    great research and script, as usual, Ken :)

  • @christopherluchsinger8491
    @christopherluchsinger8491 Год назад +1

    an incomprehensible waste, all the best stuff was knocked down way before we got here, we will never know how beautiful America really was!

  • @leeatterberry1239
    @leeatterberry1239 Год назад +1

    And the moral that I got out of the story is if you take your jewelry on a ship and it sinks you probably not going to be able to get it

  • @discoblair938
    @discoblair938 6 месяцев назад +1

    My grandmother always said: From shirtsleeves to shirtsleeves in 3 generations. The first makes it,the second spends it, and the third goes back to work.

  • @rodmakermagazine7117
    @rodmakermagazine7117 3 месяца назад

    Beautiful facade. Very stately and powerful looking.

  • @bateschildress
    @bateschildress Год назад +1

    A true cautionary tale!

  • @ceejay960
    @ceejay960 Год назад +1

    The Vanderbilts have a similar story.

  • @tammy9964
    @tammy9964 Год назад +1

    That was a grand home. So sad how the story goes.

  • @JosephStJames2000
    @JosephStJames2000 Год назад +1

    If you are bequeathed half a mil, you can't afford a 200K crash pad with an additional hundred to fit it out. All you can afford are sensible investments and a realistic lifestyle.
    Thank you for an awesome epilogue, very thought provoking. I do enjoy your videos and really appreciate that you put this excess into perspective. It makes me appreciate what I have --- even if it doesn't include a bifurcated marble grand staircase!

  • @markwagner4909
    @markwagner4909 Год назад +3

    Classic example of keeping up with the Jones it seems it was profound in that age

  • @jannaj2719
    @jannaj2719 Год назад

    Oh yeah sorry so many comments, but where it was is now is the east bay met school and surrounding is Newport heights a public and mixed housing complex. It’s nice looking, and down the street a ways is Walmart, there’s also the miantonomi tower close by.

  • @chucklambooy8457
    @chucklambooy8457 Год назад +1

    Sadly, being satisfied with your life is sometimes never enough for people…always more more more

  • @michaelboydston9668
    @michaelboydston9668 Год назад +1

    So sad. If you act like you're rich, you soon won't be.

  • @alexstokowsky6360
    @alexstokowsky6360 Год назад +1

    It seems a lot of the extravagent homes of this era did not last long. There was so much new technology which outdated them very quickly, and ballrooms went out of style by around 1910.

  • @ezraathome
    @ezraathome Год назад +2

    "Diamonds in her hand " 😅😅😅😅😅😊

  • @jennihubby2877
    @jennihubby2877 Год назад +1

    I love your videos. I appreciate beauty and opulence, and at the same time I want to remember that none of it lasts forever.

  • @j1st633
    @j1st633 Год назад +3

    What happened to the money given to her siblings?

  • @garryferrington811
    @garryferrington811 Год назад

    Excellent video, rather amazing ending. Those diamonds turned out to be overpriced...that submarine commander sank a passenger ship. 😡

  • @brinvargas1474
    @brinvargas1474 Год назад

    You mentioned Mr. Sather had several children, each inheriting the same amount of the fortune. I'm curious, did any of the other children live a more successful life and did *not* squander their share of the fortune?
    Great but tragic story of his daughter who, I'm certain, had to abide by the social mores of the time...

  • @marquiesriley6479
    @marquiesriley6479 Год назад +1

    She received half a million and proceeded to build a $200k house…..yeah, she didnt have a clue, literally……

  • @KCCardCo
    @KCCardCo Год назад +1

    Drexel & Co., Is the same bank Edward T. Stotesbury got his start.

  • @AnnabelleBeaudoin
    @AnnabelleBeaudoin Год назад

    Great video 🎉❤

  • @ussmonitor
    @ussmonitor Год назад +2

    One townhouse and maybe 5 servants, she would have been good for the rest of her life....And her son's life.

  • @gsueagle001
    @gsueagle001 Год назад

    I am a cousin or two removed from Pierpont money. They created parks in Atlanta but lost most thier money during the depression. Inman Smith Park was the bougie town in atlanta. I belevie it is again. But it was tertiary Pierpont money.

  • @barbaraclark9423
    @barbaraclark9423 8 месяцев назад +1

    I do like grand staircases as I always wonder what’s beyond 😊

  • @singularseeker
    @singularseeker Год назад +1

    at the end it all goes back in the box......

  • @jetsons101
    @jetsons101 Год назад

    Well at least Josephine saved her jewelry, gave up her life to do so, SAD. If people get "Free Money" and not earn it, they will waste it away. I have heard/read that fortunes last three generations and then they gone. As far as Castlewood goes, I like the big fireplace. When I moved out from home all my belongings fit in the back of a pickup truck and my first house was a 2 bed 1 bath fixer. Now by living in my means that turned into multiple rentals, residential and commercial and the renters get below average rent for the areas. Remember, nothings free, don't be afraid of work stay within your budget.......
    Thanks for your time, work and posting........

  • @johnmontag
    @johnmontag 8 месяцев назад

    16.5 million is blowable in a day today. It wouldn’t even cover a very high end home in Cali. Still very sad

  • @warningsigns4526
    @warningsigns4526 Год назад +1

    3:17 BOY THAT LOOKS HOMEY

  • @robinhumphrey2692
    @robinhumphrey2692 9 месяцев назад

    Beautiful mansion!!

  • @constanceone
    @constanceone 23 дня назад

    It was a sad story about the poor woman's life!

  • @williamtyre523
    @williamtyre523 Год назад +1

    Alas, she inherited a lot of money from her father, but not his business savvy! The exterior was quite striking and compared favorably with the homes of her Newport neighbors.

  • @timdasenbrock7363
    @timdasenbrock7363 Год назад +1

    I wonder what happened to her sister.

  • @roberthossen8354
    @roberthossen8354 Год назад +1

    Both the demise of the house and the way in which the owner lost her life, especially it's very reason - running back for her jewellery, have made a lasting impression on me. Such a waste. The house itself.... well, the exterior vaguely reminds me of Hampton Court Palace and other work by Sir Christopher Wren. But not as good and well proportionned. The money saving interior solutions are quite clever in my opinion. The grand stairway and the library seem most appealing. However, the proportions of most of the interior architecture are not as they should be. Too pompous doorways, too big fireplaces. However, the loss of any of the house you present us Ken, is a great shame. It's a loss of cultural heritage and that's in my opion always dreadful. Thank you so very much for all the exraordinary houses you present!!! 👌🙏

  • @crystalpoole1560
    @crystalpoole1560 Год назад +3

    I was the 100th like!!!!

  • @Gods2ndFavoriteBassPlyr
    @Gods2ndFavoriteBassPlyr Год назад +2

    "transient nature of wealth"? Not really .. .It's the story of someone who grew up with great wealth, but with no awareness of something called discipline or accountability. Bad decisions typically redound to bad outcomes.

  • @wincrasher2007
    @wincrasher2007 Год назад +1

    you can't escape karma

  • @NewRon2003us
    @NewRon2003us Год назад +1

    I liked this huse

  • @michaelfisher7170
    @michaelfisher7170 Год назад

    One upsmanship is what kills you. You cant be satisfied with the uniqueness of what you have you have to upgrade it to someone else's standard.

  • @Alex-tk2ru
    @Alex-tk2ru Год назад +1

    humble norwegian fisherman to high up in a Drexel bank overnight wtf?! zero education? HE was probably good at counting fish

  • @tuppyjo431
    @tuppyjo431 Год назад

    What happened to the other sister?

  • @VictoriaAlfredSmythe
    @VictoriaAlfredSmythe Год назад +1

    click BAIT: that is just one twig of the family. not an empire. where is the rest. Drexel you say? lasted till the late 1980's. until Michael Milken

  • @searstutor
    @searstutor 11 месяцев назад

    Why did she build a public library styled building to live in?

  • @charlesclager6808
    @charlesclager6808 Год назад +1

    Inherited money never grows.

  • @helenhershtjader5759
    @helenhershtjader5759 Год назад

    Great episode, but not a fan of this particular home. So many beautiful homes in Newport. She could have restored an older colonial or Federal style home. Sad! Well done episode.

  • @haywardgarner4850
    @haywardgarner4850 10 месяцев назад

    Bless it

  • @David-lg2dv
    @David-lg2dv Год назад +1

    Doesn't really seem she squandered her fortune. She wasn't destitute.

  • @jannaj2719
    @jannaj2719 Год назад

    Maple ave and Gerard are are still there til this day ,

  • @andrelemire9915
    @andrelemire9915 Год назад +1

    ✨✨✨

  • @lumarinhocas
    @lumarinhocas Год назад +1

  • @Bci42
    @Bci42 Год назад +3

    Articulate observations.

  • @nicm6949
    @nicm6949 Год назад +1

    What a waste.... these people were delusional. All that money just wasted. And dying for diamonds. What a wasted life.

  • @Raymond-zz5pi
    @Raymond-zz5pi Год назад

    Stop right there. How did a "humble Norwegian fisherman" come to own the bank? Worked his way up?
    Applied his fishing expertise?

  • @sharksport01
    @sharksport01 Год назад +1

    Handsome, stalwart, bold.

  • @you2angel1
    @you2angel1 Год назад +1

    Damn
    Thank you °~•.☆.•~°

  • @Concordnh603
    @Concordnh603 Год назад

    She should have downloaded the Honey app to save on that ballroom

  • @jaycristoval6155
    @jaycristoval6155 Год назад

    Torn down after 50 years???

  • @owenwilson8822
    @owenwilson8822 Год назад

    Why does he have to say "THIS HOUSE".....oooof

  • @JessicaJohnson-mv7lb
    @JessicaJohnson-mv7lb Год назад +2

    In America, we have to do the Joneses bigger, pool, bigger car the dumbest thing I’ve ever heard I’m broke and happier than 99.9% of the people in the world.

  • @rbsmith3365
    @rbsmith3365 Год назад

    Sad. Narcissistic spending habits like a child. Since, she’s too lonely.

  • @CuriousEarthMan
    @CuriousEarthMan Год назад

    Did her siblings fair any better?

  • @mariakettlehut7399
    @mariakettlehut7399 Год назад +1

    DefinItely overdone

  • @Null-o7j
    @Null-o7j Год назад +1

    $16mil not much of a fortune. Otherwise great vid though.

  • @daveparker5569
    @daveparker5569 Год назад

    Hilarious

  • @chinoman7234
    @chinoman7234 Год назад

    I spent the night in this house before it was torn down