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The article is overly-hard on Jay Cooke. He was just getting started on the NPR when ... The 1873 Depression started with the Vienna Stock Exchange. Article co
by 8bitsrule 3y ago
The article is overly-hard on Jay Cooke. He was just getting started on the NPR when ...
The 1873 Depression started with the Vienna Stock Exchange. Article completely fails to mention Oakes Ames, the Lincoln-recruited boss of the Union Pacific Railroad, which precipated the Crédit Mobilier scandal (i.e. charging the US $94M for the $50M railroad.)
Today a monument to Ames and his brother still exists on the empty open plains of southern Wyoming: a 60x60x60-foot granite pyramid, 20 miles from Laramie. The UP board hired 85 men to build it in 1875; President Hayes attended the dedication ceremony.
https://en.wikipedia.org/wiki/Ames_Monument https://en.wikipedia.org/wiki/Ames_Monument
- dredmorbius 3y agoNPR here is the Norther Pacific Railway. Usually abbreviated simply as NP. And surviving today as BNSF (the Burlington Northern Santa Fe Railroad). Not the somewhat later broadcast operation.