[Autobiography of Andrew Carnegie by Andrew Carnegie]@TWC D-Link bookAutobiography of Andrew Carnegie CHAPTER XI 29/33
I believe Mr.Pullman came with the director, or perhaps it was Mr.Pullman himself who first came to me on the subject. I took up the matter, and it occurred to me that if the directors of the Union Pacific Railway would be willing to elect to its board of directors a few such men as the Pennsylvania Railroad would nominate, the traffic to be thus obtained for the Pennsylvania would justify that company in helping the Union Pacific.
I went to Philadelphia and laid the subject before President Thomson.
I suggested that if the Pennsylvania Railroad Company would trust me with securities upon which the Union Pacific could borrow money in New York, we could control the Union Pacific in the interests of the Pennsylvania.
Among many marks of Mr.Thomson's confidence this was up to that time the greatest.
He was much more conservative when handling the money of the railroad company than his own, but the prize offered was too great to be missed.
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