the northern pacific railroad chose tacoma, washington for its terminus in 1873.
the northern pacific railroad chose tacoma, washington for its terminus in 1873.
what city did the northern pacific railroad choose for its terminus in 1873?
tacoma , washington
in 1873, immediately after the location of the northern pacific railway terminus at tacoma, washington judge mcgilvra, with others, proceeded to organize the seattle & walla walla railroad company. he drew the articles of incorporation and all the papers and documents connected with that enterprise, and served as the attorney of the incorporation some two years without compensation. the people of seattle, entirely unaided by capital from abroad, constructed and put into operation twenty-one miles of road from seattle to newcastle, washington coal mines. subsequently they carried another branch of road up the cedar river to the black diamond and franklin coal mines. that enterprise, which was undertaken at a critical time in the history of seattle, had the effect to stay the confidence of the citizens, and assisted materially in building up the town in spite of all opposition, and the discrimination against it by the northern pacific railroad.
john j. mcgilvra
charles perkins resigned as president of the system in 1901 after new york city investors took control of the line. that year, james jerome hill, president of and the largest stockholder in the great northern railway, won the financial support of j. p. morgan for an attempt to take over the chicago, burlington and quincy. hill's strategy was for his railroad and morgan's northern pacific railway to jointly buy perkins' railroad. however, edward henry harriman, president of the union pacific railroad and the southern pacific railroad, also wanted to buy the cb&q. harriman demanded a one-third interest in the cb&q, but hill refused him. harriman then began to buy up northern pacific's stock, forcing hill and morgan to try to retain their majority stockholder status in the road by purchasing more stock as well. northern pacific's stock price skyrocketed, and the artificially high stock threatened to cause a crash on the new york stock exchange. hill and morgan were ultimately successful in obtaining more northern pacific stock than harriman, and won control not only of the northern pacific but also the chicago, burlington and quincy. (alarmed by harriman's actions, hill created a holding company—the northern securities company—to control all three of his railroads. in 1904, in "northern securities co. v. united states", 193 u.s. 197, the supreme court of the united states held that northern securities violated the sherman antitrust act. hill was forced to disband his holding company and manage each railroad independently. the northern pacific, great northern, and chicago, burlington and quincy would not formally merge until 1969.)
charles elliott perkins