Business Life and Later Years
After the 1928 election, Smith became the president of Empire State, Inc., the corporation which built and operated the Empire State Building. Construction for the building was commenced symbolically on March 17, 1930, per Smith's instructions. Smith's grandchildren cut the ribbon when the world's tallest skyscraper—built in only 13 months—opened on May 1, 1931--May Day. As with the Brooklyn Bridge, which Smith witnessed being built from his Lower East Side boyhood home, the Empire State Building was a vision and an achievement constructed by combining the interests of all rather than being divided by interests of a few.
Smith was elected as President of the Board of Trustees of the New York State College of Forestry at Syracuse University, in 1929.
Like most New York City businessmen, Smith enthusiastically supported World War II, but was not asked by Roosevelt to play any role in the war effort.
In 1939 he was appointed a Papal Chamberlain of the Sword and Cape, one of the highest honors the Papacy bestowed on a layman, which today is styled a Gentleman of His Holiness.
Smith died at the Rockefeller Institute Hospital on October 4, 1944 of a heart attack, at the age of 70, broken-hearted over the death of his wife from cancer five months earlier, on May 4, 1944. He is interred at Calvary Cemetery.
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