Jay Cooke

Jay Cooke (August 10, 1821-February 8, 1905), American financier, was born at Sandusky, Ohio, the son of Eleutheros Cooke (1787-1864), a pioneer Ohio lawyer, and Whig member of Congress from that state in 1831-1833.

The Railroads

In 1858 he retired from the firm, and for the next three years he devoted himself to reorganizing abandoned Pennsylvania railways and canals and placing them again in operation. On January 1, 1861, he opened the private banking house of Jay Cooke & Company in Philadelphia, and quickly floated a war loan of $3,000,000 for the state of Pennsylvania.

Related Topics:
January 1 - 1861 - Pennsylvania

~ ~ ~ ~ ~ ~ ~ ~ ~ ~