Fax: (5) 8680176 ), Durant died in Warren County, New York, on October 5, 1885. by Edward Unarguably the most blatantly criminal activity of Durants career was the establishment of Crdit Mobilier of America. Railroads were a popular investment in the 1850s, and Durant joined with Henry Farnam in building the Michigan Southern, the Chicago, Rock Island, and Pacific, and the Mississippi and Missouri. With then remains: did Dr. Durants son know about these documents? He died at North Creek, New York, on October 15, 1885. Ingham, John N. Biographical Dictionary of American Business Leaders. Durant and the Rock Island hired private attorney Abraham Lincoln to defend the bridge. Jay Gould Infamous for manipulating stock, Jay Gould was the most notoriously corrupt railroad owner. He and a colleague were censured by the House of Representatives. Achievements When a steamboat collided with the bridge, the boat operators filed a lawsuit demanding the bridge to be demolished. An associate later called him the most extravagant man I ever knew in my life. But, deeply involved in the worst financial scandal of his time and justifiably accused of bribery and fraud, Durant saw his fortune dwindle to virtually nothing following the financial Panic of 1873. Tom has finally gone to be reunited with the love of his life. Shortly thereafter it was discovered that Oakes Ames, a member of Congress from Massachusetts, distributed shares of Crdit Mobilier stock as political favors. Union Pacific. Durant was instrumental in obtaining support and financing at every level of government. the Laramie Range. He studied medicine at Albany Medical College where, in 1840, he graduated cum laude and briefly served as assistant professor of surgery. WebThomas Durant net worth is $100,000 Thomas Durant Wiki: Salary, Married, Wedding, Spouse, Family Thomas Durant was born on October 18, 1899 in Connecticut, USA. Durant's reign as the leading robber baron of the Union Pacific and Crdit Mobilier did not last long. In season 3, General Ulysses S. Grant tells Cullen Bohannon that Durant, Nebraska was renamed Cheyenne, Wyoming (also a real city), after Thomas C. Doc Durant was ruined. One might The company was one of the first to take advantage of the new limited liability financial structures. He was an actor, known for The Iron Horse (1924). Durant's family life is fictionalized in the novel Imaginary Brightness: a Durant Family Saga. David was responsible for the title and Marty took over the editing after David died. This page was last edited on 7 February 2023, at 16:19. WebThomas J. Durant died on February 3, 1882. documents Durant claimed to have no knowledge about during the Poland Durant concealed his actions by having various politicians, including future President James Garfield, as limited stockholders. Thomas Durant lawsuit was filed, Durant must have realized the heightened scrutiny He was successful in building railroads in the Midwest, and, after the UP was organized in 1862 by an act of Congress, John A. Dix was elected president and Durant vice president of the company. route followed the Platte River to Lodgepole And he was a humble man, frequently taking the 11 p.m. to 7 a.m. shift that everyone else avoided. He was vice-president of the Union Pacific Railroad (UP) in 1869 when it met with the Central Pacific railroad at Promontory Summit in Utah Territory. Durant joined the company as vice president and general manager mainly in order to protect and extend his own financial interests. Me & My Car: 1929 Durant's maker He achieved the construction of a wooden railroad bridge in 1856, the first to cross the, In 1870, Durant was elected a Fellow of the, John Marston portrayed Durant in the film. Shortly thereafter it was discovered that Oakes Ames, a member of Congress from Massachusetts, distributed shares of Crdit Mobilier stock as political favors. Durant and his cronies pocketed huge profits for construction that was often faulty. After he retired from this field, he became a director of his uncle's grain exporting company: Durant, Lathrop and Company in New York City. After leaving medicine, Thomas C. Durant joined his uncle's grain exporting company, Durant, Lathrop and Company in New York City, as a director. To encourage what Robert W. Fogel has windows instagram apple. One of those An agreement then followed between the two groups for construction of some 667 miles of track; the agreement proved profitable to the Crdit Mobilier, but the Union Pacific was left with a shoddily built line and heavy overcapitalization. He spent the last twelve years of his life fighting lawsuits from disgruntled partners and investors. politicians named were disgraced not because they were accused of Lonese) Jenkins and the late Cal and By the end of the inquiry, Proposing to finance the required ten percent down payment on stock himself, Durant campaigned to brokers and merchants in the New York and Philadelphia areas on the condition that he would be reimbursed at a later date. Gale In Context: Biography, 313, "Biography: Thomas Clark Durant (18201885)", "A Madman and a Visionary: George Francis Train, Speculation, and the Territorial Development of the Great Plains", U.S. Geological Survey Geographic Names Information System: Thomas C. Durant, https://en.wikipedia.org/w/index.php?title=Thomas_C._Durant&oldid=1138020982, 19th-century American railroad executives, Articles with unsourced statements from April 2016, Creative Commons Attribution-ShareAlike License 3.0. Brother of Charles Wright Durant and William F. Durant. Notify me of follow-up comments by email. DURANT, Thomas The relatives and friends of Mr. Thomas Durant, those of his wife the late Marchitta Durant, daughter Salanna Durant, sisters Jacquelyn Singleton, Nancy Terry, Elizabeth Hammon, Brenda Jean Breaker, brothers, Elmore, Mikell, Walter, Arthur Durant, David (Rev. [10], Like many others, Durant lost a great deal of his wealth in the Panic of 1873. He and a colleague were censured by the House of Representatives. https://commons.wikimedia.org/wiki/File:S.C._Durant_-_NARA_-_527403.jpg. Durant then manipulated Credit Mobilier's structure so that he wound up in control of it. The memory of the man is the spiritual force behind the Thomas S. Durant, MD Fellowship in Refugee Medicine at Massachusetts General Hospital, his home for most of his doctoring life. Please enable JavaScript in your browser's settings to use this part of Geni. news of these long lost documents he immediately went to New York Most online reference entries and articles do not have page numbers. Doctor Thomas C. Durant (Doc Durant), one of the men who forged the Transcontinental Railroad in the 1860s, is a colorful historical figure. Jefferson had struggled with debt most of his life. City to retrieve them from Annie Durant and bring them to the Thomas For a look at this man of remarkable talents and a truly caring nature, read the book Bantamweight Archangel: The Life and Afterlife of Thomas S. Durant, MD in which a group of mostly cynical newspaper journalists whom Tom met at home in Boston and during his medical travels around the world give their impressions of this rare man. 9 Connaught Road Central They established a contracting company together, naming it Farnam and Durant. The company Credit Mobilier had been increasingly associated with corruption and secrecy and the government was fed up with not being paid back for loans and the swindling that went on at each company. Public Company A railroad promoter and York, on October 15, 1885. Plains settlement at Denver. WebThomas C. Durant was born in Lee, Massachussets, on February 6, 1820, the son of well-to-do parents. I love you dearly and it is so hard for me to live away from you. Newspaper accounts and diaries left behind by men who knew him describe him as ferocious looking, tall, dark, and patrician. He was serving as vice president of the Union Pacific railroad (UP) in 1869 when it was connected with the Central Pacific railroad at Promontory Summit in Utah territory. benefited financially from the contracts he negotiated with the U.S. The Dirty, Deadly History of Depleted Uranium Munitions, The Comics Writer Who Became a Legend-and a Martyr of Argentina's Dirty War, Emily Meggett, Preserver of Gullah Geechee Foodways of the Coastal South, Dies at 90, Documents Confirm Direct Ancestors of King Charles III Involved in Slave Trade, Academic Freedom is Vital to Developing the Critical Abilities Society Needs. line. We will update you soon. While doing jobs in the prairie wheat trade, Durant recognized the necessity of a better mode of inland transportation and decided to join the railroad industry. He played on the fascination with the West during the war-torn 1860s and also exploited people's ignorance of the value of the vast area of land between the Mississippi River and California, which maps called the "Great American Desert." New York Sun ran with a headline The King of Frauds; How He died at North Creek, New Smiles and laughter lay in his wake wherever he traveled. Weight Loss, Net Worth, Wife, All Truth About Brooke Daniells - Girlfriend of Ca Kayla Becker (WWE) Age, Height, Boyfriend, Net Wor Rozonda Thomas Net Worth, Husband, Age, Height, Bi Who really is Jerome Jarre? In 1865 Durant and his associates faced a severe financial problem, which Oakes and Oliver Ames, who amassed a fortune in the pick and shovel business, promised to ameliorate. almost all of his Union Pacific stock. He lobbied President Abraham Lincoln (18611865) and both houses of Congress and with every favorable decision he pocketed more cash. Was Thomas Durant paralyzed? WebThomas 'Doc' Durant: Yes, well, one day this will be the largest rail hub in the nation. He is buried in Green-Wood Cemetery in Brooklyn, New York. Thomas Durant: Getting the Facts Right In 1926 William West Durant had donated to Leonard what he thought were all of his father's Union Pacific papers, stating: I know you will do "justice to my father's memory." After he retired from medicine, he became a director of his uncle's grain exporting company: Durant, Lathrop and Company in New York City. According to Richard But he never practiced medicine, choosing instead to devote his career to business. married Heloise Hannah Timbrel in 1847. The family at the time consisted of: Durant was instrumental in obtaining support and financing at every level of government. He achieved the construction of a wooden railroad bridge in 1856, the first to cross the Mississippi River. He is buried in Green-Wood Cemetery in Brooklyn, New York. memory. Durant document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Your email address will not be published. Husband of Heloise Hannah Durant Railroad work was hard, and management was chaotic, leading to a high attrition rate. seven to eight hundred percent on par value. He was an actor, known for The Iron Horse (1924). He tasked his son William with pioneering the venture, though, according to William, he maintained ultimate control. Me & My Car: 1929 Durant's maker UP was effectively paying him via Crdit Mobilier to build the railroad. men wouldve gotten their way. He not only ensured that his company would receive a large portion of land from Congress subsidizing distribution of 100 million public acres, but also decisively responded to the Union Pacific's inability to find a buyer for significant stock following the passage of the Pacific Railway Act of 1862, which dictated that merchant holdings would be restricted to 200 shares per person. He played on the fascination with the West during the war-torn 1860s and also exploited people's ignorance of the value of the vast area of land between the Mississippi River and California, which maps called the "Great American Desert." As general agent for the UP Eastern Division, Durant was also charged with raising money, acquiring resources, and securing favorable national legislation for the company. in the Union Pacific, Durant had major Wikifamouspeople has ranked Thomas Durant as of the popular celebs list. He created the financial structure which led to the Crdit Mobilier scandal. Durant was born February 6, 1820, in Lee, Massachusetts. He was vice-president of the Union Pacific Railroad (UP) in 1869 when it met with the Central Pacific railroad at Promontory Summit in Utah Territory. One of the precious celeb listed in Celebrity list. Much of his fortune was lost in the panic of 1873. their stockholders. his successor Oakes Ames, a prominent Republican congressman from They learned that ingenuity and a strong constitution are essential elements for the tasks at hand and that improvisation is required, given that these camps rarely have full supplies of drugs and medical equipment. his health deteriorating, Durant retired to the public scrutiny it was Ames who took the fall. Save my name, email, and website in this browser for the next time I comment. Leonard what he thought were all of his father's Union Pacific But he never practiced medicine, choosing instead to devote his career to business. with little concern for potential traffic or later ." This land holding added greatly to his wealth as did an elaborate scheme for padding his expenses. Those documents Durant claimed to have It completed nearly two thirds of the transcontinental route. through the rugged mountains to the west Pacific Durant was dropped from the company's Discover Thomas Durant's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Camps built by William W. Durant in the Adirondacks, Myers decided to to the Credit Mobilier scandal to remain unknown to history. The website chronicling her research journey can be found Thomas Durant was born on October 18, 1899 in Connecticut, USA. . Durant and entrepreneur George Francis Train joined together in March 1864 in a business venture to buy out the Pennsylvania Fiscal Agency, changing its name to Credit Mobilier. Therefore he was able to persuade Congress to pass the Pacific Railway Act of 1862 with a promise that the railroad would receive 10 square miles of land for every mile of track it laid. Durant later moved to New York City to open a branch office and became widely known in financial circles because of his activities in stocks. established by Dr. Durant in 1864 to handle contracts for the Union as a professor of medicine at Albany Medical Durant employed Dodge as the chief engineer along the Platte River route. University of Iowa where he was cataloging his research. A little later he became practically an invalid, and remained so, suffering much pain until he passed to his reward, at 12 o' clock, Saturday, Feb, 6, 1909. Crdit Mobilier became a symbol of corruption in an era when illegal manipulation of large contracts was often the standard operating procedure. [1], He successfully built railroads in the Midwest, and, after an 1862 act of Congress created the Union Pacific Railroad, John A. Dix was elected president and Durant vice president of the company. During this period, he met Henry Farnam, his future partner. Ambrose, Stephen (2000) Nothing Like it in the World: The Men Who Built the Transcontinental Railroad 18631869. However, the date of retrieval is often important. Together with engineer Henry Farnum, he orchestrated the construction of numerous major rail lines, including the Mississippi and Missouri railroad across Iowa.
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