An Accurate Account of the “Men Who Built America” Part 7

Posted on January 14, 2013February 16, 2013 in Daily Blog, TV Shows with No Comments.

…ey positions and managed everything carefully. He started right at home in New York. He bought a controlling interest in the New York and Harlem Railroad largely because it had a monopoly position in downtown Manhattan. The NY&H also held a network of steam and horse powered trolleys that carried local traffic and connected with the railroad. He bought enough shares to make himself President of the Hudson River Railroad, which ran north from Manha…

An Accurate Account of the “Men Who Built America” Part 17

Posted on March 24, 2013May 5, 2013 in Daily Blog, TV Shows with No Comments.

…to dominance of the oil industry. The Lake Shore was owned by Vanderbilt’s New York Central company, and could offer through service straight from Cleveland to New York. The Lake Shore’s president was J.H. Devereux. In his freight rate negotiations Rockefeller offered concessions and incentives tailor-made for a railroad executive struggling with the economic problems of that era. First and foremost, he offered a large volume of guaranteed daily b…

An Accurate Account of the “Men Who Built America” Part 14

Posted on March 3, 2013May 5, 2013 in Daily Blog, TV Shows with 2 Comments.

…ht the Clark brothers out. Andrews, the chemist, stayed with Rockefeller’s new company which they called Rockefeller and Andrews and focused on the day-to-day management of the refinery. Soon the two of them took on a third partner, a man named Henry Flagler. Flagler was another rags-to-riches story like so many in America’s history. His father was a poor Baptist minister who once stirred up a controversy by marrying a black man to a white woman….

An Accurate Account of the “Men Who Built America” Part 22

Posted on April 28, 2013May 5, 2013 in Daily Blog, TV Shows with 1 Comment.

…ength. Within a few years, however, Carnegie and his partners faced a good news/bad news scenario. Through skillful management the Carnegie team made their mill one of the most productive in the nation. Soon they were able to buy and build additional steel mills in and around Pittsburgh, all of which continued to become more productive month by month. Sales and profits soared. The bad news in all of this was that the B&O Railroad was not able to i…

An Accurate Account of the “Men Who Built America” Part 13

Posted on February 24, 2013October 15, 2017 in Daily Blog, TV Shows with 3 Comments.

…eded on hand, so he had to borrow the balance at ten percent interest. The new company opened for business on April 1. Despite his youth, Rockefeller turned out to be an effective salesman for the new company. His earnestness, sobriety, and obvious dedication to details appealed to older businessmen. Soon he was traveling around two states modestly but confidently asking prospective new clients to give his company a try. “I found that old men had…