Americans by adoption : $b Brief biographies of great citizens born in foreign landsHusband, Joseph
History
Americans by adoption : $b Brief biographies of great citizens born in foreign lands
Husband, Joseph
United States -- Biography
With anxious eyes Hill watched the rising and waning fortunes
of these various railroad enterprises. His investigation led
him to believe that the St. Paul & Pacific offered the greatest
possibilities. For seventeen long years he worked hard, dreamed
his dreams, and added to his capital. Then came the opportunity.
The St. Paul & Pacific had become a wrecked property. In it he saw
the possibilities for which he had worked and saved. With a clear
realization of the tremendous step that he was taking, he cast his
entire fortune into the balance, and with the assistance of several
associates took over the property, and with it its enormous debt of
over $33,000,000. James J. Hill at last held control of a railroad.
He had bought a property that was bankrupt and was described as “two
streaks of rust reaching out into the desert”; but in this bold
beginning was the germ of the great railroad system which, under the
name of the Great Northern, was to bring him fame and fortune in the
years to come.
In the six years that followed, Mr. Hill extended his railroad to the
Red River and connected with the government line from Winnipeg. By
this extension the rich lands of Minnesota were opened to immigrants,
and the great wheat-lands of the Northwest were connected with the
markets of the United States.
The risk that he had taken was justified; but to his wife and
to the friends who knew him it seemed less great, for they knew
the character of the man, and to know him was to feel complete
confidence in any action which he determined to take. “All his life
it was his custom to know all the facts about anything in which
he was interested, a good deal earlier and a little better than
anybody else. For twenty years he had lived in the country where the
situation had been preparing. For four or five years he had been
consumed with anxiety to get possession of this property. He alone
fully understood its present value; he alone conceived its future
with any degree of justness.”
But now his dreams of a greater empire began to be realized. The
St. Paul & Pacific, under his able management, was earning money
and building up a surplus. In 1883 Mr. Hill extended it to Helena,
Montana. And now his belief in the development of the Northwest
was more strongly confirmed with each new step. His vision already
pictured a railroad stretching across the prairies and over the
tremendous barrier of the Rocky Mountains to the Pacific and the
great harbors of Puget Sound. This was no impractical dream, but an
idea founded on fact and experience; it was a great constructive
enterprise.
Public-domain text, read in full here on John Shaqi.
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