Jay Cooke’s Gamble…


By Wally McLane

Re: M. John Lubetkin’s book “Jay Cooke’s Gamble: The Northern Pacific Railroad, the Sioux, and the Panic of 1873

Cornelius Vanderbilt, when commenting on the forthcoming Northern Pacific Railroad (NPRR), said, “You can’t build a railroad from nowhere to nowhere. Transcontinental railroads, which are largely financed with government funds and guarantees, have to make sense



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