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Jay Cooke's gamble : the Northern Pacific Railroad, the Sioux, and the Panic of 1873

Author: M John Lubetkin
Publisher: Norman : University of Oklahoma Press, ©2006.
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
In 1869, Jay Cooke, the brilliant but idiosyncratic American banker, decided to finance the Northern Pacific, a transcontinental railroad planned from Duluth, Minnesota, to Seattle. M. John Lubetkin tells how Cooke's gamble reignited war with the Sioux, rescued George Armstrong Custer from obscurity, created Yellowstone Park, pushed frontier settlement four hundred miles westward, and triggered the Panic of 1873.  Read more...
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Named Person: Jay Cooke; George A Custer; Jay Cooke
Document Type: Book
All Authors / Contributors: M John Lubetkin
ISBN: 0806137401 9780806137407
OCLC Number: 61027779
Awards: High Plains Book Award for best new book, 2007.
Description: xviii, 380 p. : ill., maps ; 26 cm.
Contents: God's Chosen Instrument --
The Northern Pacific Must Be Built --
Free from Fatigue --
The Buffalo Will Dwindle Away --
Knee Deep in Mud --
No System Observed --
Stop Firing at Me --
The Army of the Glendive --
The Fear of Red Skins --
The Battle of Poker Flat --
Falstaff's Ragamuffins --
20,000 Hostile Indians --
Looks Like War! --
Under the Whiskey Curse --
All Down There Are Killed! --
Strike Up Garry Owen --
We Do Not Anticipate Any Trouble --
Get Out, Gentlemen, Get Out --
Postscript: Ho Hechetu! (It is Well!) --
Appendix: Lt. Edward J. McClernand's Account of the Rescue of the 1871 Western Yellowstone Survey.
Responsibility: M. John Lubetkin.

Abstract:

In 1869, Jay Cooke, the brilliant but idiosyncratic American banker, decided to finance the Northern Pacific, a transcontinental railroad planned from Duluth, Minnesota, to Seattle. M. John Lubetkin tells how Cooke's gamble reignited war with the Sioux, rescued George Armstrong Custer from obscurity, created Yellowstone Park, pushed frontier settlement four hundred miles westward, and triggered the Panic of 1873. Staking his reputation and wealth on the Northern Pacific, Cooke was soon whipsawed by the railroad's mismanagement, questionable contracts, and construction problems. Financier J. P. Morgan undermined him, and the Crédit Mobilier scandal ended congressional support. When railroad surveyors and army escorts ignored Sioux chief Sitting Bull's warning not to enter the Yellowstone Valley, Indian attacks -- combined with alcoholic commanders -- led to embarrassing setbacks on the field, in the nation's press, and among investors. Yet, sustained by his conviction that he was "God's chosen instrument," Cooke never gave up. By September 1873, Bismarck was reached, the Northern Pacific's revenues exceeded expenses, and track was planned to the Yellowstone. Then Custer's melodramatic report of the fight at the Yellowstone reached the New York press. Within hours, the news jolted Wall Street.

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