Sublime

While sales and leasing of these lands abutting his right-of-way were a windfall, Flagler was always on the lookout for properties that might be developed as resorts, thereby creating an incentive for passengers to ride each new leg of his line. He took to riding his own railroad incognito, the better to scout out likely targets for acquisition

By 1883, Gould had become the dominant owner of, or controlling shareholder in, or chief executive of, literally dozens of railroads, some of them only for brief periods of time. The blur of activity sent shock waves of alarm through competitors even as it delighted stock traders, many of whom grew wealthy divining what Gould was up to and

Gould did not think like most railroad men. Like Carnegie and Rockefeller, he regarded pools as refuges for the weak, although useful for masking predatory intentions. The solution for the fragmented state of the railroads was to consolidate, not to negotiate elaborate paper compacts. Roads that were willing to join his network would find him a

Stephens was the president of the railroad, which was a wholly American-owned stock company with its main office in the old Tontine Building on Wall Street. The capitalization was a million dollars.

During his second year in the House, he wrote—himself, with no staff assistance—a bill embodying the old People’s Party dream of intensified government regulation of railroads, by giving the government authority over the issuance of new securities by the railroads. Happening, by chance, to see the bill, Louis D. Brandeis, then one of President

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