Showing posts with label railroad. Show all posts
Showing posts with label railroad. Show all posts

Wednesday, December 31, 2008

railroads


Robert L. Heilbroner writes in 1961's The Worldly Philosophers, p. 182:

In the 1860's, Corenelius Vanderbilt, a fabulous genius of shipping and commerce, found that his own business associates were threatening his interests—a not too uncommon occurrence. He wrote them a letter:
Gentlemen:

You have undertaken to ruin me. I will not sue you, for law takes too long. I will ruin you.

Sincerely,
Cornelius Van Derbilt  
An he did. 

The present day valuation of Cornelius Vanderbilt's [1794-1877] fortune exceeds $167 billion.