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Author: James Jerome Hill
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Languages : en
Pages :
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Author: James Jerome Hill
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Author: James Jerome Hill
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ISBN:
Category : Railroads
Languages : en
Pages :
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Author: James Jerome Hill
Publisher:
ISBN:
Category : Natural resources
Languages : en
Pages : 750
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Author: Larry Haeg
Publisher: U of Minnesota Press
ISBN: 145293990X
Category : Transportation
Languages : en
Pages : 452
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In 1901, the Northern Pacific was an unlikely prize: a twice-bankrupt construction of the federal government, it was a two-bit railroad (literally—five years back, its stock traded for twenty-five cents a share). But it was also a key to connecting eastern markets through Chicago to the rising West. Two titans of American railroads set their sights on it: James J. Hill, head of the Great Northern and largest individual shareholder of the Northern Pacific, and Edward Harriman, head of the Union Pacific and the Southern Pacific. The subsequent contest was unprecedented in the history of American enterprise, pitting not only Hill against Harriman but also Big Oil against Big Steel and J. P. Morgan against the Rockefellers, with a supporting cast of enough wealthy investors to fill the ballroom of the Waldorf Astoria. The story, told here in full for the first time, transports us to the New York Stock Exchange during the unfolding of the earliest modern-day stock market panic. Harriman vs. Hill re-creates the drama of four tumultuous days in May 1901, when the common stock of the Northern Pacific rocketed from one hundred ten dollars a share to one thousand in a mere seventeen hours of trading—the result of an inadvertent “corner” caused by the opposing forces. Panic followed and then, in short order, a calamity for the “shorts,” a compromise, the near-collapse of Wall Street brokerages and banks, the most precipitous decline ever in American stock values, and the fastest recovery. Larry Haeg brings to life the ensuing stalemate and truce, which led to the forming of a holding company, briefly the biggest railroad combine in American history, and the U.S. Supreme Court ruling against the deal, launching the reputation of Justice Oliver Wendell Holmes as the “great dissenter” and President Theodore Roosevelt as the “trust buster.” The forces of competition and combination, unfettered growth, government regulation, and corporate ambition—all the elements of American business at its best and worst—come into play in the account of this epic battle, whose effects echo through our economy to this day.
Author: James Jerome Hill
Publisher: Palala Press
ISBN: 9781359661586
Category :
Languages : en
Pages :
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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
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Category :
Languages : en
Pages : 12
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Author: James Jerome Hill
Publisher: Palala Press
ISBN: 9781359666574
Category :
Languages : en
Pages :
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This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work was reproduced from the original artifact, and remains as true to the original work as possible. Therefore, you will see the original copyright references, library stamps (as most of these works have been housed in our most important libraries around the world), and other notations in the work. This work is in the public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. As a reproduction of a historical artifact, this work may contain missing or blurred pages, poor pictures, errant marks, etc. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.
Author: James Jerome Hill
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ISBN:
Category : Conservation of natural resources
Languages : en
Pages : 32
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Author: James J. Hill
Publisher:
ISBN: 9781330467398
Category : Business & Economics
Languages : en
Pages : 740
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Excerpt from Addresses of James J. Hill to the Illinois Manufactures Association Chicago: June 4, 1902 Today we have about reached the limit of our public domain which can be made to furnish homes for an intelligent and enterprising population. "In many of the Western States are enormous areas of the best land which, with irrigation, can be made productive in the highest degree. One hundred and sixty acres of land, with a certain supply of water, which will insure to the husbandman a bountiful harvest, is equal to twice that area where the land is subject to the natural conditions of either too much or too little rainfall. "One-half of the population of the United States is occupied directly or indirectly in the cultivation of the land, and I think fully one-half of the entire capital of the country is invested in farms and their belongings, and when we come to the questions of intelligence, patriotism and good citizenship, the agricultural population stands out today, as it has in the past, as the great sheet anchor of the nation. "The wealth of the world comes from the farm, the forest, the mine and the sea. While our country has been blessed with wonderful mines of coal, iron, gold, silver and all the other valuable mineral productions, with magnificent forests of useful timber, still the farm has, from the beginning, been the foundation of our growing wealth and greatness. "During the last three years the balance of our trade with other nations, that is the amount we have sold in excess of what we have bought, has averaged about $700,000,000 annually, and two-thirds of this has come to us through the export of the produce of the soil. "I do not wish in any manner to belittle the importance of our growing manufactures or their relative value in the commerce of the country. The security of their foundations has always rested upon the agricultural growth of the nation, and in the future it must continue to rest there. Every manufacturer, every merchant, every business man throughout the land, is most deeply interested in maintaining the growth and development of our agricultural resources. "In the past we have been in the habit of feeling that 'Uncle Sam was rich enough to give us all a farm, ' but today, as I said before, the arable land suitable for agriculture without an artificial supply of moisture is practically all occupied. Federal Control Of Irrigation. "In a few limited communities of the West irrigation has been commenced by what may be called 'individual effort.' Owing to diverse laws, made to suit particular interests, the irrigation of large areas is attended by greater difficulties than can be well surmounted by individual effort. "The policy of a broad, comprehensive, national plan of irrigation has been urged upon Congress with but little success in the past. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Author: James Jerome Hill
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Category : Memorial Day addresses
Languages : en
Pages :
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