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A Classification of American Wealth |
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| Part II-Chapter 8 : Railroad Barons > The New York Central : « Previous 1 - 2 - 3 Next » |
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The New York Central and Hudson River Railroad … Erastus Corning managed to keep the presidency of the New York Central Railroad for 11 years. He was eventually ousted by a group of shareholders directed by Dean Richmond who sought the presidency instead of Pruyn who was the heir apparent favored by Corning. New York Central securities, of which there were now 35'000'000 $ par in the market, had in the meantime become a favored investment for such New York investors as …
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