A Classification of American Wealth
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   Part II-Chapter 12 :  Utility Tycoons  > Metropolitan Street Railway  :  « Previous  1 - 2 - 3 - - 5 - 6 - 7  Next » 

   The Metropolitan Street Railway System (New York)

Page entitled : Whitney secures Jacob Sharp's Broadway franchise

Content of this page is about :

How William C. Whitney and Thomas F. Ryan wrung  the Broadway franchise from Jacob Sharp and constituted the Street Railway Syndicate with P.A.B. Widener and W. Elkins

Extract :
“boodle aldermen”, many had fled to Canada, Mexico and Spain, but those still present in New York, including Fullgraff and McQuade, were sentenced to prison terms of variable length. Jacob Sharp was himself sentenced to four-years of hard labor, but being too weak, he was incarcerated at Ludlow Street Jail, where he died in 1888, before a technical victory in the Court of Appeals would have released him. The latter may well have been the reward for his selling-out to the New York Cable Railway interests, which now combined the Ryan faction with the Elkins-Widener Group of Philadelphia and obviously also included William Collins Whitney.    ...

 

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