Iron Empires

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Iron Empires Page 47

by Michael Hiltzik


  and Dubuque & Sioux City, 154–58

  empire’s extent, 247, 248, 362

  and Erie Railroad, 178–80, 355–56

  family background, xxii, 134–36

  family life, importance of, 141, 142

  Fish comparisons, 142–43

  Great Northern, 342

  Hill and, 267, 272–74, 279, 298, 301

  ICC investigation, 346–49

  and Illinois Central, 138, 150–58, 191, 361

  introduction, xii–xiii, xv, xxii

  Kansas City Southern, 236, 242–44

  Lake Ontario Southern, 143–45

  legacy, 133–34, 369–72

  marriage, 141

  Morgan and, xii–xiii, 48, 131, 132, 154–58, 178, 210, 234–35, 256, 271, 278

  Northern Pacific, 298–307, 309, 312–15, 317–19, 321, 341, 342

  Northern Securities Company, 299, 336–37, 341–42

  Ogdensburg & Lake Champlain, 142

  Oregon Railroad & Navigation Company, 273–74

  Oregon Short Line, 273

  physical appearance, 133, 138, 142–43

  political power, 131

  railroad peace treaties, 256, 273–74

  reputation, 343, 355–56

  Roosevelt and, 132, 134, 343–55, 351, 361–63

  Schiff and, 188, 191–93, 236, 272, 314–15, 337, 357

  seed money, source of, 137, 386n137

  social life, 137

  Southern Pacific, 132, 196, 236, 244–55, 253, 268, 356

  train robberies, rapid-response brigade, 203–5, 204, 391n203

  Union Pacific, 48, 106, 191–206, 235, 268, 272–74, 306–7, 343, 346–50, 371–72

  Harriman, Mary (Edward Harriman’s daughter), 194, 239

  Harriman, Mary Williamson Averell (Edward Harriman’s wife), 141, 142, 239, 241

  Harriman, Oliver, 137

  Harriman, Orlando (Edward Harriman’s father), 135–36

  Harriman, Orlando (Edward Harriman’s grandfather), 135

  Harriman, Roland, 11, 237, 239

  Harriman, William, 134–35

  Harrison, Benjamin, 177–78

  Hartley, D. H., 120

  Hartranft, John, 114

  Havemeyer, Henry O., 326

  Hawley, Edwin, 245, 284

  Hay, John, 334–35

  Hayes, Rutherford B., 113–16, 142

  Haymarket affair, 127

  Haywood, William “Big Bill,” 352

  Hazen, W. B., 77–78

  Heathcote, Thomas, 220

  Heinsheimer, Louis, 314

  Hessberg, Sam, 322–23

  Higginson, Henry Lee, 350

  Hightstown rail accident, 3–4, 376n3

  Hilgard, Ferdinand Heinrich Gustav. See Villard, Henry

  Hill, James J., 266

  background, 264–65

  Baltimore & Ohio, 236

  banker, 249

  business acumen, 263–68, 300

  character traits, 272

  Chicago, Burlington & Quincy, 274–79, 297–98, 300, 301

  Great Northern, 222, 264–70, 272, 303–4, 336

  Harriman and, 267, 272–74, 279, 298, 301

  Morgan and, 272, 275–77, 297–98

  and Northern Pacific, 269–70, 272, 300, 302–5, 308–9, 312–13, 315–17, 320–21, 335–36

  Northern Securities Company, 337, 341–42

  Panic of 1901, 325–26

  Schiff and, 272, 277–78, 297–98, 304, 307, 312, 335

  St. Paul & Pacific, 264–65

  Hoffman, John T., 51

  Holmes, Oliver Wendell, 340–41

  Hook, Sidney, xii

  Hoover, Herbert, 88

  Hopkins, A. L., 122

  Hopkins, Mark, 245

  House of Morgan. See J. P. Morgan and Co.; J. S. Morgan & Co.

  Housman, Arthur A., 324

  Hoxie, H. M., 123, 124–25

  Hudson River Railroad, 20–21, 23

  Hudson River steamships, 4–7

  Hughitt, Marvin, 190, 191

  Humason, William Lawrence, 44

  Humphreys, Solon, 166

  Huntington, Collis P., 183, 245–46, 249, 252, 253, 255

  I

  ICC. See Interstate Commerce Commission

  Illinois Central

  battle of Dubuque, 154–58

  construction, 146–47, 149

  expansion, 148, 150, 151–55

  financing, 146, 150, 153

  scandal (1910), 361

  Union Pacific and, 191–92

  Imperial Valley, California, 134, 353–54

  Indians, 45, 68, 70–72, 80–81, 261, 394n261

  Industrial Commission, US, 246

  inequality, xvii–xviii, 330–31, 338

  Interstate Commerce Act (1887), 165, 173

  Interstate Commerce Commission (ICC)

  creation of, 165

  Harriman and, 248–49, 346–49

  railroad arbitration board, 173–74

  on railroad rates, 210–11

  Union Pacific and, 363

  Interstate Commerce Railway Association, 174

  Irons, Martin, 122, 124–25

  J

  J. P. Morgan and Co., 273, 308–9, 325, 335

  J. S. Morgan & Co., 39–42, 53, 256, 273

  Jay Cooke & Co., 75, 76, 78–79, 83, 85, 168

  Jim Crow laws, xx–xxi

  Johnson, Andrew, 31–32, 94

  Josephson, Matthew, 329

  Judah, Theodore, 15

  judges, railroad influence on, 30–31, 33, 50, 96, 98

  K

  Kahn, Addie Wolff, 138, 188

  Kahn, Otto

  on Harriman, 132, 137–39, 243, 244, 313, 343, 346, 347, 355

  on Illinois Central, 153

  Kuhn, Loeb & Co., 138

  on Sunset Route, 246

  on Union Pacific, 192–93, 198–99, 343, 362

  Kansas City, Pittsburg & Gulf, 243

  Kansas City Southern, 236, 242–44

  Kansas Pacific Railroad, 102–5

  Keene, James R., 283, 284, 301, 310–11, 315, 321

  Kelley, William D., 62

  Kennan, George, 135, 198, 239, 342, 345, 347, 386n137

  Kennedy, John S., 249, 309, 337

  Kennedy, McPherson, 305

  Kenyon, Cox & Co., 84

  Kernan, John D., 233

  Keys, C. M., 136, 139

  Kidder, Peabody, 172

  King, Willford Isbell, 330

  Klein, Maury, 116, 371–72, 383n102, 384n105

  Knights of Labor (union)

  Chicago meatpacking strike, 127

  District Assembly 101, 121–22

  founding, 108–9

  goals, 109, 111, 119, 124

  Great Southwest Railroad Strike, 107–8, 121–28

  Haymarket affair, 127

  Missouri Pacific strike, 117–20, 122

  number of members, 110, 118–19, 127

  organizational structure, 118, 222

  “rigmarole” of secrecy, 109–10

  Knox, Philander, 338, 339

  Kolko, Gabriel, 174

  Kruttschnitt, Julius, 196, 251–53, 362

  Kuhn, Abraham, 188

  Kuhn, Loeb & Co.

  family ties, 138

  Northern Pacific stock, 298–300, 302, 304, 312–14, 317–18, 325, 335

  Oregon Railroad & Navigation Company, 273

  Panic of 1901, 325

  railroad reorganization syndicates, 207

  Union Pacific reorganization, 187–92

  L

  Labor Day, 232

  labor relations. See also Knights of Labor

  “at-will” employment, 111

  average workweek, 232

  Chicago meatpacking strike, 127

  Civil War, 111

  communist influences, 114–15

  congressional investigation, 117, 120

  Gould’s empire, 116–23

  Great Northern Railway strike, 222, 226

  Great Southwest Railroad Strike, 10
7–8, 121–28

  “great upheaval,” 107–28, 384n107

  Haymarket affair, 127

  labor leaders, 221

  labor shortages, 147

  Missouri Pacific strike, 117–20, 122

  mistreatment of workers, xvii, 108, 112, 116–17

  Panic of 1873 and, 110–11

  public sentiment, 117, 225

  Pullman Strike, 213–14, 219, 221–24, 226–33, 329, 392n231

  strikes (1877), 114–16, 384n107

  utopian worker communities, 214

  wages, 116–17, 147, 149, 223

  workers’ rights, 232–33, 334

  La Force, Joe (or Lefors), 204

  Lake Ontario Southern, 143–45

  Lake Shore & Michigan Southern, 86

  Lamont, Daniel S., 225, 337

  Landis, Kenesaw Mountain, 350

  Larrabee, William, xvi

  Latham, Milton Slocum, 47

  Leaves of Grass (Whitman), xxii–xxiii, 64

  Lefèvre, Edwin, 179, 324–25, 398n324

  Lefors, Joe. See La Force, Joe

  Levy, Jefferson Monroe, 328

  The Life and Legend of Jay Gould (Klein), 383n102, 384n105

  Lincoln, Abraham

  assassination, 74

  cabinet, 73

  debates with Douglas, 146, 258

  funeral train, 150

  Hay as private secretary, 335

  Illinois Central career, 149–50

  monetary supply, 94

  Pacific Railroad Act (1862), 15

  Linsly, Jared, 376n3

  Little Egypt, Illinois, 149, 387n149

  Livermore, Jesse, 324–25, 398n324

  Livingston, Robert, 4, 5

  Lodge, Henry Cabot, 346

  Loebs, Solomon, 188

  Loeb, Therese. See Schiff, Therese Loeb

  Longabaugh, Harry (Sundance Kid), 203, 204, 390n203

  Longworth, Alice Roosevelt, 345

  Longworth, Nicholas, 345

  Louise of France, 47

  Lucin Cutoff, 252–54, 253

  M

  Macy, Silvanus J., 143–44

  Mansfield, Josie, 29, 32, 50, 101

  maps, 13, 25, 148, 167, 208–9, 247

  Marmaduke, John S., 118

  Marshall, John, 5

  Martin, Mr. and Mrs. Bradley, 291–94

  Martinsburg, West Virginia, 114, 115

  Marx, Karl, 114–15

  McAllister, Ward, 89

  McComb, Henry, 58

  McKinley, William, 194, 232, 284, 288, 296, 331–34

  McLean, John, 218

  meatpacking strike (1886), 127

  Mellen, Charles S., 350

  Merriam, Clinton Hart, 234–35, 237–42

  Metropolitan Life Insurance Company, 207

  Meyer, John F., 366, 367

  Milchrist, Thomas, 226–27

  Mississippi & Tennessee, 153

  Missouri Pacific, 107, 116–28, 183, 185

  monetary system, 94, 176–77, 284, 349. See also gold market

  Moody, John, 11, 166, 207, 210

  Moorhead, William G., 78

  Morgan, Frances Louisa “Fanny” Tracy, 39, 41, 43–47

  Morgan, J. Pierpont

  Albany & Susquehanna, 42, 49–50, 52–53, 380n52

  background, xxi, 41

  business model, xv, 53–54, 86, 369, 370–71

  character traits, xxi, 155–56, 329–30, 330

  Chicago, Burlington & Quincy, 276–77, 297–98

  Civil War refinancing, 83–84

  collecting trips, 234–35, 296–97

  “community of interest,” 157–58, 170, 172–75, 184

  congressional investigation, 358–60

  Crédit Mobilier scandal and, 65

  death, 359

  Drexel, Morgan & Co., 156

  Drexel and, 81

  Dubuque & Sioux City, 154–58

  Duncan, Sherman & Co. partnership, 41

  Erie Railroad, 35, 178–80, 355

  final years, 357–59

  Gould and, 53, 171, 184–85

  grand tour, 39–54

  Great Northern, 268, 269

  Great Southwest Railroad Strike, 108

  Harriman and, xii–xiii, 48, 131, 132, 154–58, 178, 210, 234–35, 256, 271, 278

  Hill and, 272, 275–77, 297–98

  introduction, xii–xiii, xv, xxi

  J. S. Morgan & Co., 39–40, 41

  legacy, 369–72

  management power, 52–53

  marriages, 41

  McKinley’s assassination and, 332

  Morganization, 108, 158, 178, 270, 286–87

  New York, West Shore & Buffalo, 168–70

  New York Central, 166, 168

  Northern Pacific, 168, 260, 268–70, 302, 308–13, 315–16, 318–19, 321

  Northern Securities Company, 299, 335–42

  Panic of 1873, 86, 91

  Panic of 1893, 91

  Panic of 1901, 325, 328

  Philadelphia & Reading, 168

  physical appearance, 40, 40–41

  pooling agreements and, 170–71

  railroad civil wars, 172–75, 389n172

  railroad industry, influence over, 166, 168–71, 207, 210

  on railroad stock rumors, 307

  Roosevelt and, 338–39, 344, 345, 351, 352–53

  Schiff and, 188–89, 272, 277, 278, 298–99

  South Pennsylvania Railroad, 169–70

  Union Pacific, 43–44, 48, 186, 188–91

  United States Steel, 300–301

  on Vanderbilts, xv

  on wealth distribution, 330

  Morgan, J. Pierpont “Jack,” Jr., 41, 350, 391n206

  Morgan, Junius Spencer, 39, 41, 49–50, 84, 296–97

  Morgan, Louisa, 41, 358

  Morgan, Memie, 41

  Morgan & Co. See J. P. Morgan and Co.

  “Morganization,” 108, 158, 178, 270, 286–87, 358–59

  Mormons, 45–46, 379n46

  Morris, Lewis, 238, 241

  Morton, Levi P., 83

  Mott, Edward Harold, 24

  Mount Stephen, Lord, 270, 276, 304

  Moyer, Charles, 352

  Muir, John, 132–33, 238–42

  Mussel Slough Tragedy (1880), 249, 250

  N

  National City Bank, 193

  National Cordage Association, 175–76

  Native Americans, 45, 68, 70–72, 80–81, 261, 394n261

  Neilsen, Cornelia, 135–36

  Neustadt, Adele Gertrude, 307–8

  Neustadt, Mr. and Mrs. Sigmund, 307

  New Orleans, Louisiana, 150, 151

  New York, Providence & Boston, 170

  New York, West Shore & Buffalo, 168–70

  New York & Erie Railroad, xiii

  New York & Harlem Railroad, 4, 10. See also Harlem Railroad

  New York Central Railroad

  competition, 24, 26, 49, 168–70, 191

  Harriman and, 143–45

  map, 167

  Morgan and, 166, 168

  Panic of 1873, 86

  as public company, 166

  Vanderbilts and, 20–21, 23–24, 86, 145, 166, 167, 168

  New York Stock Exchange. See Wall Street

  New York Warehouse and Security Co., 84

  Noble and Holy Order of the Knights of Labor. See Knights of Labor

  Norris, Frank, 132, 249

  Northern Pacific Railroad

  advertisements, ix–x

  battle for, 271, 298–322, 335–38, 341–42

  Burlington Northern merger, 366

  Chicago, Burlington & Quincy, 275–79, 298, 300

  “community of interest,” 175

  competition, 174, 259, 264, 268–69

  construction, 68, 79–82, 260–62

  Cooke and, 67, 71, 72, 75–83

  finances, 76, 78–83, 256, 257, 260–63, 269

  Great Northern alliance, 270, 336

  infrastructure improvements, 205

  Morgan and, 168, 26
0, 268–70, 302, 308–13, 315–16, 318–19, 321

  Northern Securities Company, 336

  Oregon Railroad & Navigation Company, 273–74

  Panic of 1873 and, 71, 72, 85, 256

  railroad peace treaties, 256, 273–74

 

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