A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors


 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part II-Chapter 10 : Bankers of the Gilded Age  >  Kuhn, Loeb & Co  :               Previous   1 - 2 - 3 - 4 - 5 - 6 - 7
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   Schiff and Kuhn-Loeb alliance with E. H. Harriman

Page entitled : Harriman and Kuhn-Loeb alliance in railroad finance

Content of this page is about :
How Jacob Schiff joined forces with Harriman to reorganize the Union Pacific railroad, take over the Southern Pacific and pursue the Chicago, Burlington and Quincy


Extract :
...
Edward Henry Harriman always recognized a sound proposal, when he came along one, and immediately accepted Jacob Schiffs' offer, conditional only to let him [Harriman] take the leadership. Thus was born an alliance that proved the mightiest in railroad finance at the turn of the Twentieth Century. It was supplemented by the engagement of James Stillman of the National City Bank, behind which stood the huge financial power of the Standard Oil trust.  ...

 

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