By Maury Klein
The second one quantity within the historical past of the Union Pacific starts after the monetary panic of 1893, one of many worst depressions american citizens had but skilled, which driven the railroad out of business. Maury Klein examines the complicated demanding situations confronted via the Union Pacific within the new century—the increasing position of presidency and its restrictive laws, the expansion of work unions, the devastating results of 2 global wars, and the growing to be pageant from new modes of transportation—and how, lower than the cutting edge and influential management of Edward H. Harriman, the Union Pacific back performed the position of commercial pioneer. Union Pacific has remained one of many most powerful railroads within the state, surviving the eras of presidency legislation and the company mergers of the earlier twenty-five years. Insightful, definitive in scope, wealthy in colourful anecdotes and magnificent characterizations, Union Pacific is an engaging saga not just of a selected railroad but in addition approximately how that remodeled the US. Maury Klein is professor of heritage on the collage of Rhode Island. he's the writer of numerous books, together with the Pulitzer Prize finalist The existence and Legend of Jay Gould.
Read or Download Union Pacific: Volume II, 1894-1969 PDF
Best transportation books
Concorde: The Rise and Fall of the Supersonic Airliner
In Concorde, Jonathan Glancey tells the tale of this exceptional and highly well known airplane anew, taking the reader from the instant Captain Chuck Yeager first broke the sound barrier in 1947 via to the final advertisement flight of the supersonic airliner in 2003. it's a story of nationwide rivalries, technological leaps, bold prototypes, tightrope politics, and a dream of a Dan Dare destiny by no means relatively learned.
Transportation Infrastructure: Environmental Challenges in Poland and Neighboring Countries
Specialists talk about tips to fix, rehabilitate and modernize the transportation infrastructure in rising principal Europe. the point of interest is on using glossy engineering applied sciences and administration decision-making applied sciences to unravel universal and local environmental concerns in flooring transportation, with emphasis on roads and bridges.
AASHTO Provisional Standards, 2009 Edition
This thirteenth variation of the AASHTO Provisional criteria features a entire set of forty-one provisional fabrics standards and try out tools. All Provisional criteria are authorized for ebook through the AASHTO road Subcommittee on fabrics. Provisional criteria are criteria that have been followed by way of the street Subcommittee on fabrics on a brief foundation for a greatest of 8 years.
Transportation engineering basics
''Transportation Engineering fundamentals, moment Edition'' indicates scholars how one can use school room wisdom to resolve real-life transportation and site visitors engineering difficulties. This accomplished labbook addresses congestion, pollution, transit, financing, politics, and signs. every one trouble-free bankruptcy is designed as lab paintings, offering crucial thought, historical past info, figures, tables, worksheets, and questions.
Additional info for Union Pacific: Volume II, 1894-1969
Example text
The Illinois Central ought to have that property," replied Harriman unsmiling. "In the Illinois Central we have the best credit in the world. I am going to issue $100,000,000 of 3% bonds at close to par and with the proceeds organize the Union Pacific. At the best you cannot get money at less than 4%. " Schiff masked his astonishment at this display of brashness. It was, he later recalled, a "brutal" conversation, and he was not accustomed to such blunt- The Receivership I 25 ness. "Well, you will have a good time doing it, Mr.
An incensed Schiff found himself in a difficult position. The syndicate assumed it had an agreement with the government and had advanced funds, called for assessments, and entered into contracts requiring large outlays such as one with Morgan calling for the purchase of several million dollars worth of securities. All these arrangements would be jeopardized by the delay. Moreover, the deposit of about $7 million in earnest money had to be made within a few days if the sale was to proceed as planned.
Neither man knew how to quit a fight or submit to adversity; setbacks only goaded them into renewing the struggle. In their determination to succeed they never learned how to pace themselves in life. Ill health dogged their footsteps, and overwork put them both in early graves. Harriman left school at fourteen, Gould at sixteen, to go to work. Both found their way to Wall Street at an early age and cut their business teeth there. Since Gould pursued other ventures first, the two men arrived on the Street at almost the same time, Gould in 1860 and Harriman two years later.