Sublime

A year later, in partnership with Wellington and George Blanchard, he proudly formed the firm of James J. Hill Company. He negotiated an exclusive arrangement as forwarding agent for the Saint Paul and Pacific Railroad whereby his firm would transfer produce from riverboats to this firm’s rails that pointed westward to Minneapolis and up the Minnes

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.