Harriman, Edward Henry

Harriman, Edward Henry

▪ American financier
born , Feb. 25, 1848, Hempstead, N.Y., U.S.
died Sept. 9, 1909, near Turner, N.Y.

      American financier and railroad magnate, one of the leading builders and organizers in the era of great railroad expansion and development of the West during the late 19th century.

      Harriman became a broker's clerk in New York at an early age and in 1870 was able to buy a seat on the New York Stock Exchange on his own account. His career in railroad management started with executive positions with the Illinois Central. In 1898 his career as a great railway organizer began with his formation, by the aid of the bankers Kuhn, Loeb & Co., of a syndicate to acquire the Union Pacific Railroad Company, which was then in receivership. Having brought the Union Pacific out of bankruptcy into prosperity, he utilized his position to draw other lines within his control, notably the Southern Pacific in 1901. His abortive contest in 1901 with James J. Hill (Hill, James Jerome) for the control of the Northern Pacific led to one of the most serious financial crises ever known on Wall Street. At his death in 1909, Harriman's influence was estimated to extend over 60,000 miles of track. His business methods excited bitter criticism, culminating in a stern denunciation from Pres. Theodore Roosevelt in 1907.

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Universalium. 2010.

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  • Harriman,Edward Henry — Har·ri·man (hărʹə mən), Edward Henry. 1848 1909. American railway magnate. He joined J.P. Morgan and James J. Hill to form the Northern Securities Company, a railroad trust that was ordered dissolved by the U.S. Supreme Court (1904). * * * …   Universalium

  • Edward Henry Harriman — (* 20. Februar 1848 in Hempstead, Nassau County, New York; † 9. September 1909 in Orange County, New York) war ein US amerikanischer Eisenbahnunternehmer …   Deutsch Wikipedia

  • Edward Henry Harriman — Traduction à relire E. H. Harriman → Edward …   Wikipédia en Français

  • Edward Henry Harriman — noun United States railway tycoon (1848 1909) • Syn: ↑Harriman, ↑E. H. Harriman • Instance Hypernyms: ↑businessman, ↑man of affairs …   Useful english dictionary

  • Harriman Alaska Expedition — Edward Henry Harriman Die Harriman Alaska Expedition war eine vom Großindustriellen Edward Henry Harriman organisierte Expedition zu den Küstengewässern Alaskas im Jahr 1899. Harriman charterte für die Reise das Schiff George W. Elder und lud… …   Deutsch Wikipedia

  • Harriman — Harriman, Edward Henry, wurde am 25. Februar 1848 in Hempstead als Sohn eines armen Geistlichen geboren, der kurz nach der Geburt des Sohnes sein Amt verlor und in dürftigen Verhältnissen in Jersey City lebte. H. trat im Alter von 14 Jahren in… …   Enzyklopädie des Eisenbahnwesens

  • Edward — /ed weuhrd/, n. 1. Prince of Wales and Duke of Cornwall ( The Black Prince ), 1330 76, English military leader (son of Edward III). 2. Lake, a lake in central Africa, between Uganda and the Democratic Republic of the Congo: a source of the Nile.… …   Universalium

  • henry — /hen ree/, n., pl. henries, henrys. Elect. the SI unit of inductance, formally defined to be the inductance of a closed circuit in which an electromotive force of one volt is produced when the electric current in the circuit varies uniformly at a …   Universalium

  • Henry — /hen ree/, n. 1. Joseph, 1797 1878, U.S. physicist. 2. O., pen name of William Sydney Porter. 3. Patrick, 1736 99, American patriot, orator, and statesman. 4. Cape, a cape in SE Virginia at the mouth of the Chesapeake Bay. 5. Fort. See …   Universalium

  • Harriman — noun 1. United States financier who negotiated a treaty with the Soviet Union banning tests of nuclear weapons (1891 1986) • Syn: ↑Averell Harriman, ↑William Averell Harriman • Instance Hypernyms: ↑financier, ↑moneyman, ↑diplomat, ↑diplomatist …   Useful english dictionary

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