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Joseph Seligman and
railroads
Page entitled : Joseph
Seligman's unfortunate railroad ventures
Content of this page is about :
Of Seligman family nepotism and of Joseph Seligman's ill fated railroad
ventures with the Erie ring and in the West
Extract :
... he became involved with the worst group of railroad robber barons then
operating in Wall Street : the Erie Clique composed of Daniel Drew, James
Fisk and the devious Jay Gould. Gould and his partners first used J. & W.
Seligman as brokers for the illegal stock and bond issues they made to fight
off Cornelius Vanderbilt. Then Gould and Fisk devised a scheme to corner the
gold market. This involved ...
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