Northern Securities railroad trust formed
Citations (1)
- All the Presidents' Bankers: The Hidden Alliances That Drive American Power whole source · open book
Northern Securities, one of the nation’s largest railroad trusts, had been formed by Morgan, Harriman, and Hill in 1901. The president’s power play might have been avoided if Morgan had less of an ego. But when Morgan approached Roosevelt privately to settle the matter, Roosevelt decided, “Mr.
chapter: Introduction: When the President Needed the Bankers