Publisher's Synopsis
Excerpt from History of St. Paul and Vicinity, Vol. 3: A Chronicle of Progress and a Narrative Account of the Industries, Institutions and People of the City and Its Tributary Territory
But he soon started on another gigantic enterprise. To this insatiate archer the mastery of two trans-continental roads did not suffice. He wanted another and he began to build it in his own characteristic way.
The New York World, a paper that is not liable to a suspicion of undue favoritism towards corporations in general or toward any one corporation, points to the thirteen hundred mile trunk line which Mr. Hill and his associates were constructing in British America from Win nipeg to the Pacific coast as another example of the Hill way of build ing a railroad. The World adds: The road will cost Mr. Hill might have made the Great Northern, which he controls, finance the new enterprise; or he might have had a ?otation of securities with Wall Street talent to underwrite them. As it is there are no bonds, no bonuses, no commissions. Since Mr. Hill bought, years ago, the little road out of St. Paul, which he afterward extended, he has consistently pursued these methods. He has never asked for a government subsidy. He is sued one class of stock, with uniform rights and qualities.
Besides being the master mind in these vast railway actualities (not undertakings) Mr. Hill is a director of the Chase National Bank and First National Bank of New York, and of the First National Bank of Chicago, and the Illinois Trust and Savings Company.
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