In 1888 Huntington lost control of the C&O. A reorganization without foreclosure resulted in his losing his majority interest to the Morgan and Vanderbilt interests, which installed Melville E. Ingalls as President. Ingalls was, at the time, President of the Vanderbilt's Chicago, Cleveland, Cincinnati & Louisville, The "Big Four System", and held both presidencies concurrently for the next decade. Ingalls installed George W. Stevens as general manager and effective head of the C&O.
http://www.cohs.org/history/
No comments:
Post a Comment