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Jay Cooke's Gamble

The Northern Pacific Railroad, The Sioux, And The Panic Of 1873

By M. John Lubetkin

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.

Lubetkin’s suspenseful narrative describes events played out from Wall Street to the Yellowstone and vividly portrays the soldiers, engineers, businessmen, politicians, and Native Americans who tried to build or block the Northern Pacific.

Format

Book

Availability

1 available at Main (Downtown)
  • 330.973 Lub, Nonfiction

ISBN

0806137401


Format: Book
Author: Lubetkin, M. John
Title: Jay Cooke's gamble : the Northern Pacific Railroad, the Sioux, and the Panic of 1873 / M. John Lubetkin.
Publisher Date: Norman : University of Oklahoma Press, c2006.
Subject: Cooke, Jay, 1821-1905 Northern Pacific Railroad Company Financial crises -- United States -- History -- 19th century.
Isbn: 0806137401 (alk. paper) 9780806137407 (alk. paper)
Current Holds: 0
System Items Available: 1
System Items Total: 1
Call Number: 330.973 Lub
Oclc: 61027779
Upc:
Bib Id: 281969

Format: Book
Author: Lubetkin, M. John
Title: Jay Cooke's gamble : the Northern Pacific Railroad, the Sioux, and the Panic of 1873 / M. John Lubetkin.
Publisher, Date: Norman : University of Oklahoma Press, c2006.
Description: xviii, 380 p. : ill., maps ; 26 cm.
Subjects: Cooke, Jay, 1821-1905
Subjects: Northern Pacific Railroad Company
Subjects: Financial crises -- United States -- History -- 19th century.
Notes: Includes bibliographical references (p. [305]-364) and index.
LCCN: 2005051241
ISBN: 0806137401 (alk. paper)
ISBN: 9780806137407 (alk. paper)
Requests: 0
Available Copies: 1
Total Copies: 1
Call Number: 330.973 Lub