The Age of Big Business; a chronicle of the captains of industry by Burton Jesse Hendrick
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page 16 of 132 (12%)
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embarking in his great railroad ventures, Vanderbilt visited
spiritualists; we have one circumstantial account of his summoning the wraith of Jim Fiske to advise him in stock operations. His excessive vanity led him to print his picture on all the Lake Shore bonds; he proposed to New York City the construction in Central Park of a large monument that would commemorate, side by side, the names of Vanderbilt and Washington; and he actually erected a large statue to himself in his new Hudson River station in St. John's Park. His attitude towards the public was shown in his remark when one of his associates told him that "each and every one" of certain transactions which he had just forced through "is absolutely forbidden by the statutes of the State of New York." "My God, John!" said the Commodore, "you don't suppose you can run a railroad in accordance with the statutes of the State of New York, do you?" "Law!" he once roared on a similar occasion, "What do I care about law? Hain't I got the power?" These things of course were the excrescences of an extremely vital, overflowing, imaginative, energetic human being; they are traits that not infrequently accompany genius. And the work which Vanderbilt did remains an essential part of our economic organization today. Before his time a trip to Chicago meant that the passenger changed trains seventeen times, and that all freight had to be unloaded at a similar number of places, carted across towns, and reloaded into other trains. The magnificent railroad highway that extends up the banks of the Hudson, through the Mohawk Valley, and alongside the borders of Lake Erie--a water line route nearly the entire distance--was all but useless. It is true that not all the consolidation of these lines was |
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