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Jim Fisk's Shrewd Dodge

Jim Fisk's Shrewd Dodge image
Parent Issue
Day
24
Month
February
Year
1888
Copyright
Public Domain
OCR Text

Years ago when tlie New York Central and Erie railroads were engaged in a desperate nnd destructive battle of cut rates, Jim Fisk played a shrevd dodgo on Commodore Vunderbilt. The freight rates írom Chicago to New York city were so low that there was no proflt in transportation. Fisk seized the golden opportunity to buy cattle; shipped the cuttle over the commodore's road, and so blocked the commodore's transportation facilities that the Ceniral was obliged to refuse all other treight. Fisk then put up the prico of freight on the Erie, and was not only able to do a lucrative business while the Central wás carrying cows at a loss, but he was also alile ,to get his cattle to the market, via the commodore's line, at snch low terms tnat he made a profit on every liead. - The Argonaut. "Carolus Duran, Cabanel, andBonnat," says The hondón World, "amóng thera havepainted nlmoét.every lffing American who is worlh more tbau $3,000,000."

Article

Subjects
Ann Arbor Argus
Old News