The book The Economic Causes of Great Fortunes was written by author Anna Prichitt Youngman Here you can read free online of The Economic Causes of Great Fortunes book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is The Economic Causes of Great Fortunes a good or bad book?
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, were instituted, and altogether, considering the patronage which Gould, as a great railroad magnate, could give to his new creation, the outlook seemed decidedly serious for the older company. The inevitable result was a consolidation, which was brought about in 1881. *^^ Gould and his allies thereupon assumed a position of dominance in the new Western Union, and at the time of Gould's death in 1892, the President of the company estimated his stock- holdings at $20, 000, 000. Gould believed i...n the earning powers of the Manhattan Elevated just as he believed in those of the Western Union, and, once in control, he did not display his usual readiness to dispose of its stock. However, the way to power was, in the first place, devious, though profitable. The Manhattan Company had been organized solely for the purpose of leasing the New York and the Metropolitan Elevated railroads. It had guar- anteed a ten per cent, dividend on the stock of both these roads, as a condition of the lease, and O'iThe American Union received 150.
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