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A Classification of American Wealth |
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| Part II-Chapter 5 : Bankers I > Brown Brothers in Shipping : « Previous 1 - 2 - 3 - 4 Next » |
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The Brown Brothers in transportation : packet lines and railroads … The banker's role is one of silent support to his customers : merchants, manufacturers and shippers. Few bankers have thus been recognized for the essential role they played in the development of commerce and industry and in the organization of a transportation network, which allowed and fuelled such industry and commerce. Of course John Pierpont Morgan is remembered for his role in the great consolidation era of the Gilded Age. And the Mellons are known for their great wealth in relation to such industrial powerhouses as the Aluminum Company of America and Gulf Oil. …
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