My Life in Many States and in Foreign Lands, Dictated in My Seventy-Fourth YearTrain, George Francis
History
My Life in Many States and in Foreign Lands, Dictated in My Seventy-Fourth Year
Train, George Francis
Train, George Francis, 1829-1904
[Illustration: Home of George Francis Train from 1863 to 1869,
No. 156 Madison Avenue, New York.]
I had offered an interest in the road to old and well-established
merchants of New York and other cities--the Grays, the Goodhues, the
Aspinwalls, the Howlands, the Grinnells, the Marshalls, and Davis,
Brooks & Company; and even to some of the new men, like Henry
Clews--agreeing to put them in "on the ground floor," if I may use an
expression from the lesser world of finance. But they were afraid. It
was too big. Only two of them, William H. Macy and William H. Guion,
would take any stock.
There was a meeting of the stockholders in Gibson's office in Wall
Street, for the purpose of electing a board of directors. By this time
the importance of the road had become recognized, and there was an
active desire on the part of the chiefs of the trunk lines leading to
the West to obtain control of the charter. They had their
representatives there, and I saw from the first that an attempt would be
made to capture the Union Pacific Railway as a trophy of one of these
powerful Eastern lines. Fortunately, as I perfectly well knew, they were
not quite powerful enough, in the circumstance, even with a united
front, to accomplish their purposes.
William B. Ogden was in the chair, and a hasty calculation convinced me
that probably $200,000,000 were represented by the men gathered in the
little office. Of the great trunk lines represented I can recall now the
Baltimore and Ohio, the Pennsylvania, and the New York Central. It was
from the forces of the last that the lightning came.
As soon as the meeting had been called to order, and the purpose of it
stated by the chair, a gentleman arose and began speaking in a wheezy,
squeaky voice. But he had a way of saying what he wanted, and of saying
it shrewdly, adroitly, and very effectively. I could see that he was
accustomed to win in the Shakespearian way--"by indirections find
directions out." He said that as everything was ready for the election
of a board, he would suggest that the chair should appoint a committee
of five which should then name a board of thirty members. I saw that
this was an adroit move to put one of these big roads in control of the
committee and, of course, in control of the Union Pacific. The chair
immediately named five men, three of whom were representatives of the
New York Central.
I turned to a gentleman sitting next me and asked who was the
wheezy-voiced man who had just taken his seat. "That is Samuel J.
Tilden," said he.
Public-domain text, read in full here on John Shaqi.
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