In 1901, the Northern Pacific was an unlikely prize: a twice-bankrupt construction of the federal government, it was a two-bit railroad (literally—five years back, its stock traded for twenty-five cents a share). But it was also a key to connecting eastern markets through Chicago to the rising West. Two titans of American railroads set their sights on it: James J. Hill, head of the Great Northern and largest individual shareholder of the Northern Pacific, and Edward Harriman, head of the Union Pacific and the Southern Pacific. The subsequent contest was unprecedented in the history of American enterprise, pitting not only Hill against Harriman but also Big Oil against Big Steel and J. P. Morgan against the Rockefellers, with a supporting cast of enough wealthy investors to fill the ballroom of the Waldorf Astoria. The story, told here in full for the first time, transports us to the New York Stock Exchange during the unfolding of the earliest modern-day stock market panic. Harriman vs. Hill re-creates the drama of four tumultuous days in May 1901, when the common stock of the Northern Pacific rocketed from one hundred ten dollars a share to one thousand in a mere seventeen hours of trading—the result of an inadvertent “corner” caused by the opposing forces. Panic followed and then, in short order, a calamity for the “shorts,” a compromise, the near-collapse of Wall Street brokerages and banks, the most precipitous decline ever in American stock values, and the fastest recovery. Larry Haeg brings to life the ensuing stalemate and truce, which led to the forming of a holding company, briefly the biggest railroad combine in American history, and the U.S. Supreme Court ruling against the deal, launching the reputation of Justice Oliver Wendell Holmes as the “great dissenter” and President Theodore Roosevelt as the “trust buster.” The forces of competition and combination, unfettered growth, government regulation, and corporate ambition—all the elements of American business at its best and worst—come into play in the account of this epic battle, whose effects echo through our economy to this day.

The Great Northern Iron trust leased its lands on the Mesabi iron formation to various mining companies that shipped 721 million tons of natural iron ore and taconite to eastern steel mills from 1907 to 2017 - nearly 15% of the Mesabi's entire historical output. The royalties received were disbursed to the trust's investors - nearly $400 for each of the 1,500,000 shares in the trust - totaling $561 million over its long life. The investors received their trust shares in 1906 as free gifts because they were stockholders of James J. Hill's Great Northern Railway (the predecessor of today's BNSF Railway). These securities were the first from a Minnesota business to be traded on the New York Stock Exchange.The distinctive history of Great Northern Iron is presented for the first time in this book. It is based on the Trust's extensive original archival records and in-depth interviews with its last trustees, managers, and other participants. With nearly 90,000 words and more than 160 historic photos, images, tables, reports, maps, and other materials, many of which have never been made public before, this book also features four specially commissioned large, fold-out color aerial maps and cross-sections that depict in exceptional detail the entire mining landscape of the 100-mile Mesabi Iron Range.Great Northern Iron is a compelling story about daring and entrepreneurship on the Mesabi Range and northeastern Minnesota. It is also an essential reference book about the nation's most important iron mining region. There may be no better source for learning about one of the vital natural resources that provided the foundation for contemporary American life.

From the time he was 18 in St. Paul, James J. Hill (1838-1916) dreamed of a ship and rail bridge to the riches of the mysterious Orient. Through a succession of jobs, he absorbed every detail of moving goods by land and by water, which contributed to the excellent management and low-cost operation of his railroad empire. He made financial history by shaping the Northern Securities Co., a holding device dissolved by the Supreme Court in 1904. As founder of the Great Northern Railway, Hill was an American railroad icon and one of Ayn Rand's industrialist heroes. After his retirement, he wrote "Highways of Progress," originally published in 1910, and toured the country speaking about the virtues of capitalism and a hard work ethic. Near the end of his life, James J. Hill was asked by a newspaper reporter to reveal the secret of his success. Hill responded with characteristic bluntness, "Work, hard work, intelligent work, and then more work." Hill became a pivotal force in the transformation of the Northwest as his railroad served as the backbone of American settlement, agricultural development and commercial expansion. Book jacket.

The pace of modern life is undoubtedly speeding up, yet this acceleration does not seem to have made us any happier or more content. If acceleration is the problem, then the solution, argues Hartmut Rosa in this major new work, lies in “resonance.” The quality of a human life cannot be measured simply in terms of resources, options, and moments of happiness; instead, we must consider our relationship to, or resonance with, the world. Applying his theory of resonance to many domains of human activity, Rosa describes the full spectrum of ways in which we establish our relationship to the world, from the act of breathing to the adoption of culturally distinct worldviews. He then turns to the realms of concrete experience and action – family and politics, work and sports, religion and art – in which we as late modern subjects seek out resonance. This task is proving ever more difficult as modernity’s logic of escalation is both cause and consequence of a distorted relationship to the world, at individual and collective levels. As Rosa shows, all the great crises of modern society – the environmental crisis, the crisis of democracy, the psychological crisis – can also be understood and analyzed in terms of resonance and our broken relationship to the world around us. Building on his now classic work on acceleration, Rosa’s new book is a major new contribution to the theory of modernity, showing how our problematic relation to the world is at the crux of some of the most pressing issues we face today. This bold renewal of critical theory for our times will be of great interest to students and scholars across the social sciences and humanities.

Travel the rails of the American West in this stunning illustrated history Names for renowned entrpeneur James J. Hill, founder of the Great Northern Railway, the incomparable Empire Builder was jaunched in 1929 by legendary CEO Ralph Budd. Powered by steam until 1947, the Empire Builder charged into the diesel era at full-bore with streamlined EMD E7As trailing Pullman cars from St. Paul to Spokane and generating millions for the railroad. This authoritative and richly illustrated history [Illegible] the Empire Builders through their 1970s demise. Included here are the trains, their various forms of motive power and rolling stock, and their services. wealth of black and white archival images and period color photography depict the Empire Builder along one of the nation's most scenic routes. Also shown are uniforms, dinnerware, terminals and stations, interior views of Pullman and dome cars, period advertisements, and route maps.