In its first year the new steamer differentiated itself from all of its predecessors by turning a tidy profit. The quick commercial success of
North River Steamboat led Livingston and Fulton to commission in 1809 a second, very similar steamboat,
Car of Neptune, followed in 1811 by
Paragon. An advertisement for the passenger service in 1812 lists the three boats' schedules, using the name
North River for the firm's first vessel. The
North River was retired in 1814; some further speculation says that it remained in service until the end of the Fulton-Livingston monopoly in 1824, and its ultimate fate remains unknown. By the time Fulton died in 1815, he had built a total of seventeen steamboats, and a half-dozen more were constructed by other ship builders using his plans. Livingston died in 1813 and passed his shares of the steamboat company on to his sons-in-law. With Fulton’s death two years later, the original power behind the partnership dissolved. This left the company with its monopoly in New York waters prey to other ambitious American businessmen. Livingston's heirs later granted an exclusive license to
Aaron Ogden to run a ferry between New York and New Jersey, while Thomas Gibbons and
Cornelius Vanderbilt established a competing service. The Livingston Fulton monopoly was dissolved in 1824 following the landmark
Gibbons v. Ogden Supreme Court case, opening New York waters to all competitive steam navigation companies. In 1819 there were only nine steamboats in operation on the Hudson River; by 1840, customers could choose from more than 100 in service. ==Known as
Clermont==