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When Clark died after a short illness in the spring of 1873, his brokers liquidated his UP holdings, causing a sharp price drop. Gould’s broker snapped it up, and Gould unexpectedly found himself in a control position. It was only at that point, he said, that he learned that the road had serious problems, including $5 million in unsecured call debt
... See moreCharles R. Morris • The Tycoons: How Andrew Carnegie, John D. Rockefeller, Jay Gould, and J. P. Morgan Invented the American Supereconomy
JAMES J. Hill ranks among the great organizers and managers of the American West. Born in Canada in 1838, Hill moved nearly two decades later to the Twin Cities, where he quickly exhibited the tireless energy and foresight that characterized his entire career. By his early forties he had helped organize major new transportation systems in Canada an
... See moreMichael P. Malone • James J. Hill: Empire Builder of the Northwest (The Oklahoma Western Biographies Book 12)
Morgan made his specialty the refinancing, reorganization, and rationalization of America’s badly overextended and overcapitalized railroads; his “clients” included some of the largest, such as the Erie, the New York Central, and the Pennsylvania.
Michael P. Malone • James J. Hill: Empire Builder of the Northwest (The Oklahoma Western Biographies Book 12)
9/11 billionaire profiteer Larry Silverstein
James True • The Technology of Belief
An 1889 act of the Florida legislature set aside some 10 million acres of land to be deeded to entrepreneurs willing to build new railway lines and thereby bolster the state’s economic infrastructure. As a result, Flagler was able to lay claim to eight thousand acres for every mile of track he built. In the end, he would control more than two milli
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