graphic1881july12

Caption: Modern Pyramids

Source/Date: Daily Graphic, July 12, 1881

Ultimate Source(if different):

Creator: Charles J. Taylor

Remarks: The trunk line pool is falling apart. Pools were essentially cartels that either fixed rates or agreed upon shares of traffic to prevent price cutting. Note the background pyramids are inverted resting on a tiny capital base

Keywords: Vanderbilt, William; Fink, Albert; New York Central Railroad; Erie Railroad; Baltimore & Ohio Railroad; Pennsylvania Railroad.