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Thomas Fortune Ryan and his Family
Page entitled : Thomas F. Ryan in tobacco and
insurance
Content of this page is about :
How Thomas Fortune Ryan led the Street Railway Syndicate into the tobacco
industry and later acquired Washington Life Insurance Co and Equitable
Extract :
…
the older members
of the [Street Railway] Syndicate gradually retired after the turn of the
century, dedicating more time to their elaborate mansions, horse breeding
farms (Whitney) or art collections (Elkins and Widener), Thomas Fortune Ryan
further pursued in business and decided to become a power in finance. Thus,
unlike Peter A. B. Widener, who chose to let others multiply his money,
notably by backing J.P. Morgan in his United States Steel and International
Mercantile Marine consolidations, Thomas F. Ryan chose to become a major
force in New York finance ...
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