Leonard Jerome - Career

Career

Jerome was a flamboyant and successful stock speculator. He made and lost several fortunes, and was known as "The King of Wall Street". He held interests in several railroad companies and was often a partner in the deals of Cornelius Vanderbilt. He was a patron of the arts, and founded the Academy of Music, one of New York City's earliest opera houses.

During the New York Draft Riots, Jerome defended the New York Times office building with a Gatling Gun. Although he had significant holdings in the Times, he was not the majority shareholder as is sometimes erroneously claimed.

The Jerome Mansion, on the corner of Madison Avenue and 26th Street, had a six-hundred-seat theatre, a breakfast room which seated seventy people, a ballroom of white and gold with champagne- and cologne-spouting fountains, and a view of Madison Square Park. It was later sold and housed a series of private clubs. The mansion was torn down in 1967.

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