. Jay Cooke, financier of the Civil War . ance of 117 miles. There itjoined the affiliated Vermont and Canada road, whichran 47 miles up to Rouses Point at the head of the lake,where it connected with Canadian lines.* Mr. Cooke and E. W. Clark and Company together 1 In the days prior to i8S7, says Jay Cooke, Jr., in explaining thisinvestment, it was not the manner, as it is now in many large bankinghouses, to provide meals for the clerks and principals; so that Jay Cookewith the Clarks, A. J. Drexel, and possibly one or two others, organizeda little dining club, and to pay the expenses inciden
. Jay Cooke, financier of the Civil War . ance of 117 miles. There itjoined the affiliated Vermont and Canada road, whichran 47 miles up to Rouses Point at the head of the lake,where it connected with Canadian lines.* Mr. Cooke and E. W. Clark and Company together 1 In the days prior to i8S7, says Jay Cooke, Jr., in explaining thisinvestment, it was not the manner, as it is now in many large bankinghouses, to provide meals for the clerks and principals; so that Jay Cookewith the Clarks, A. J. Drexel, and possibly one or two others, organizeda little dining club, and to pay the expenses incident to it, took flyers inthe market with considerable success. In the course of their operationsthey became possessed of a large interest in the Vermont Central, whichwas being managed by its officers in a way not conducive to the stock-holders interests. When Mr. Cooke left the firm, this dining club assetwas one of the things which he took with him, having bought out the sharesof some of the other members of the club. n > w o R n >. HO >D o>
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