J. P. Morgan becomes active in railroads…

1893 CE

J. P. Morgan becomes active in railroads following the crash, reorganizing several lines in the East.

The Northern Pacific Railway goes bankrupt in the great depression of 1893.

A complex financial battle ensues to take control of the railroad, because bankruptcy wipes out the bondholders and it is now free of debt.

A compromise is reached involving Morgan, New York financier E. H. Harriman and St. Paul railroad builder James J. Hill.

Locations
New York New York New York United States View →

People
E. H. Harriman View → J. P. Morgan View → James J. Hill View →

Groups
New York State (U.S.A.) View → United States of America (US, USA) (Washington DC) View → Minnesota, State of (U.S.A.) View →

Topics
Panic of 1893 View →

Subjects
Commerce View → Watercraft View → Finance View →

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