Sublime

When her industrialist husband died and her father bequeathed her his holdings in the area, Tuttle, then forty-one, performed an uncommon act of bravery: she pulled up stakes in Ohio and moved to Fort Dallas, intending from the outset to carve a city from the wilderness.

Harriman and Schiff pressed for the allowance of a one-third interest in the Burlington for the UP, to achieve a soothing community of interest. The Morgan-Hill forces turned them down flat. Such an accommodation, they purred, might represent an illegal “restraint of trade” under federal statute. To understand the fierce struggle that now erupted,

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All of these businesses operated below the radar screen of megacapitalists like the Morgans. Their primary capital expenses were for real estate and inventory, which could be financed by traditional mortgages and bank working capital lines. But that was true only because they could “externalize” the cost of all the shipping infrastructure that

For a surprisingly long time, Sam’s spending on American elections had flown under the radar. Back in 2020, he’d sent $5.2 million to Joe Biden’s presidential campaign without anyone asking or even thanking him for it. He was Biden’s second- or third-biggest donor, and yet the campaign had never even bothered to call him. Since then, Sam had tossed

The consolidation of vast wealth in the hands of a few industrialists, and a burgeoning population of new millionaires, required moral justification.