By Matthew Josephson
Rockefeller, Morgan, Vanderbilt, Carnegie, Harriman, Gould, Frick...this is the tale of the large american capitalists who seized financial strength after the Civil struggle and adjusted the form of yank existence endlessly. Index.
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Rockefeller, Morgan, Vanderbilt, Carnegie, Harriman, Gould, Frick. .. this can be the tale of the large american capitalists who seized monetary energy after the Civil battle and adjusted the form of yank existence eternally. Index.
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Now Jay Cooke, alone among the native bankers, came forward with the offer to sell the Pennsylvania 6’s “at not less than par”—on the grounds of patriotism. Bestirring himself with remarkable energy, he or his agents visited every banker or every merchant in the near-by country known to have something in his stocking. Exhorted “to strike terror into the rebels,” to send a flood of cash toward the front, the public oversubscribed what seemed then a large loan. ” It was Cooke’s debut in national fame.
In these obscure years of struggle this gifted youth would be trained in cunning rather than direct aggression ; he would learn to use the rapier rather than the bludgeon. Promptness of action, speed in flight, would make him immune even to the more violent hazards among which he thrived. His mind teemed with “projects” by which he hoped to win his fortune quickly. Once he came to New York with a most curious invention for which he had the fondest hopes. ” Arriving in the great city, he boarded a street car, and every now and then ran out to the rear platform to stare at the buildings six or seven stories high, leaving the mahogany case containing his mousetrap on his seat.
There was speculation in goods, in produce of all sorts. In Cleveland the young merchant Rockefeller prospered under the sun of rising prices for provisions ; his income early in the war increased to $17,000 in a year.