ENVISIONING THE U.S. ECONOMIC EXPANSION TO THE ROCKIES AND BEYOND, JAMES JEROME HILL CARRIED THE ST. PAUL AND PACIFIC RAILROAD WESTWARD, WITHOUT FEDERAL ASSISTANCE, IN WHAT WAS PROBABLY THE GREATEST FEAT OF RAILROAD BUILDING IN U.S. HISTORY. IT REACHED THE PACIFIC AT SEATTLE IN 1893. AFTER HILL CONSOLIDATED HIS PROPERTIES TO THE GREAT NORTHERN RAILWAY CO., HILL AND J.P. MORGAN DEFEATED E.H. HARRIMAN IN A STRUGGLE FOR THE CHICAGO, BURLINGTON & QUINCY RAILROADS THAT PRECIPITATED THE STOCK MARKET PANIC OF 1901. AS A COMPROMISE THE THREE LATER SET UP NORTHERN SECURITIES CO. AS A HOLDING COMPANY FOR THEIR RAILROADS, BUT WAS LATER DISSOLVED AS A VIOLATION OF THE SHERMAN ANTITRUST ACT.

JAMES JEROME HILL 1828 - 1916,
AMERICAN RAILROAD BUILDER, B. ONTARIO, CANADA