HARRIMAN, EDWARD HENRY

Adair's New Encyclopedia · 1923 · p. 4
(1848-1909), an American financier, the s. of a clergyman and received his early education in Trinity School, in WNew York City. At the age of fourteen he entered the office of a stock broker as a clerk. So adept did he become in the busine of finance that before the age of 22 he was a member of the New York Stock Exchange. In 1872 he founded the firm of Harriman & Co., and speculated so succe fully that in a few years he controlled a large fortune. In 1883 he and Stuyvesant Fish began certain financial operations involving control of the Illinois Central, the Union Pacific, the Central Pacific and the Southern Pacific railroad companies, and the Oregon Railroad and Navigation Co. The outcome was that Mr. Harriman secured control of the traffic between Chicago and the Pacific Coast. In 1901 he entered into the notorious struggle with James J. Hill for control of the Northern Pacific Railroad, in which, however, he was beaten, and again by Thomas F. Ryan, by the latter in a fight for control of the Equitable Life Insurance Co. The result was a financial crisis, leading to an investigation of the Harriman lines by the Interstate Commerce Commi ion, in 1906, which showed Harriman to hold a virtual monopoly of trans-continental transportation. He d. leaving an estate of over $200,000,000. HARRIS © B. in (1858), University President. Philadelphia. Has degrees from various colleges. From 1880-1881 at William sport, Pa. teacher of mathematics in Dick in son Seminary; 1881-1884 tutor of mathematics and registrar, 1885-1888 at Wesley an University instructor of history; 1888-1891 a istant director and 1891-1893 director. From 1893-1901 at University of Maine, president; at Port Deposit, Maryland, director of the Jacob Tome Institute; 1906-1916 president of Northwestern University. Since 1916, secretary of Board of Education of Methodist Episcopal Church. 1915-1917 president of American Social Hygiene A ociation. Trustee of Drew Theological Seminary and Wesley an University.
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