File Size: 1394 KB
Print Length: 240 pages
Publisher: W. W. Norton & Company; Reprint edition (January 5, 2009)
Publication Date: June 17, 2013
Sold by: Digital Services LLC
Language: English
ASIN: B00DGMPN2E
Text-to-Speech: Enabled
X-Ray: Not Enabled
Word Wise: Enabled
Lending: Not Enabled
Enhanced Typesetting: Enabled
Best Sellers Rank: #615,714 Paid in Kindle Store (See Top 100 Paid in Kindle Store) #85 in Kindle Store > Kindle eBooks > History > World > Transportation > Railroads #109 in Kindle Store > Kindle eBooks > Business & Money > Industries > Transportation #397 in Books > Business & Money > Industries > Transportation
I have lived in Northern California for forty years and knew the Big Four - Crocker, Hopkins, Huntington, and Hopkins - were instrumental in creating the transcontinental railroad and all became fabulously wealthy in the process. But like many who live here, I knew very little about the nature of their involvement and the true source of their wealth.Since Silicon Valley was not around in the latter half of the 1800s, I knew their wealth creation story had to be different than what we see today. Author Richard Rayner in his "The Associates: Four Capitalists Who Created California" does a masterful job in chronicling the story of "the building of the railroad, the creation of a state, and the invention of big business" and how these four became "as fabulously wealthy as anybody in American history." This is a story of about bent laws, broken rivals, the bribery of government officials (local, state, and federal), and sanctioned murder.Collis Huntington, the eventual ring-leader, Charles Crocker, Mark Hopkins, and Leland Stanford all met while running successful retail and wholesale businesses in Sacramento. They were drawn into the idea of building a transcontinental railroad by Theodore Judah who was the visionary but desperately needed money. They provided the initial stake then assumed control after Judah, attempting to find capital to buy out his financial partners, died unexpectedly.Rayner's well researched story then focuses on the building of the first transcontinental railroad - "a legendary story, a central part of the American West's creation myth"...a triumph of will, guts, the American can-do spirit, murder, fraud, and corruption "over unimaginable difficulty and danger"...
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