. Jay Cooke : financier of the Civil War . e main trunk line atsome undetermined point a very improper increase of theland subsidy and pictured to themselves and the countryan empire that was being surrendered to a private com-pany. In short, there had never before been such agrant; it left no land for another road in the northernpart of the United States; the wheat fields, pastures, for-ests, fisheries and mines conferred upon the road wereenormously valuable; a great section of the countrywould soon be in the hands of an awful monopoly. Nevertheless, the measure passed the House on May26th b
. Jay Cooke : financier of the Civil War . e main trunk line atsome undetermined point a very improper increase of theland subsidy and pictured to themselves and the countryan empire that was being surrendered to a private com-pany. In short, there had never before been such agrant; it left no land for another road in the northernpart of the United States; the wheat fields, pastures, for-ests, fisheries and mines conferred upon the road wereenormously valuable; a great section of the countrywould soon be in the hands of an awful monopoly. Nevertheless, the measure passed the House on May26th by a vote of 107 to 85. It was now the hour forcongratulations and they came to Mr. Cooke by letterand telegraph from all sides. Upon receipt of the news,R. H. Lamborn telegraphed from the Northwest thatthe price of real estate in Duluth had increased ten percent, instantly. It was argued that the President mustyet sign the bill, but Henry Cooke was caring for thatdetail. As early as on April 23d he wrote: I have iR D. C. to J. C, May JAY COOKEFrom a portrait painted by Robert IV. Vonnoh, in possession of Jay Cooke, Jr. FINANCIER OF THE CIVIL WAR 181 talked with the President about our bill. He takes greatinterest in it and there is no danger of his not signingit. He had helped the measure forward in Congressby saying to members that it ought to pass and that hewished them to vote for Jay Cooke, in the meantime, had no intention of al-lowing earlier friendships pledged in so many ways tobe He sent a fishing rod and creel to thePresidents little son Jesse, for which he was dulythanked in a childish hand. Mrs. Grant said that afterits arrival the boy had found no amusement in anythingelse and it had put his father in a fishing humor. Thegeneral was thereupon invited to go out for a weekssport upon the water with Jay Cooke and some politicalfriends, but the time was reduced to one day because ofthe Presidents many engagements in The bill was sign
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