Online Encyclopedia

JAMES J HILL

Online Encyclopedia
Originally appearing in Volume V13, Page 464 of the 1911 Encyclopedia Britannica.
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JAMES J HILL  . (1838– ),
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American railway capitalist, was born near
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Guelph, Ontario,
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Canada, on the 16th of September 1838, and was educated at Rockwood (Ont.) Academy, a Quaker institution . In 1856 he settled in St Paul,
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Minnesota . Abandoning, because of his
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father's
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death, his plans to study
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medicine, he became a clerk in the office of a
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firm of
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river steamboat agents and shippers, and later the agent for a
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line of river packets; he established about 187o transportation lines on the
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Mississippi and on the Red River (of the North) . He effected a
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traffic arrangement between the St Paul Pacific Railroad and his steamboat lines; and when the railway failed in 1873 for $27,000,000, Hill interested
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Sir Donald A . 'Smith (Lord Strathcona), George Stephen (Lord Mount Stephen), and other
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Canadian capitalists, in the road and in the wheat country of the Red River Valley; he got control of the bonds (1878), foreclosed the
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mortgage, reorganized the road as the St Paul, Minneapolis &
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Manitoba, and began to extend the line, then only 380 M. long, toward the Pacific; and in 1883 he became its president . He was president of the
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Great
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Northern Railway (comprehending all his secondary lines) from 1893 to
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April 1907, when he became chairman of its board of
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directors . In the extension (1883–1893) of this railway westward to Puget Sound (whence it has
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direct steamship connexions with
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China and
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Japan), the line was built by the
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company itself, none of the
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work being handled by contractors . Subsequently his
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financial interests in American
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railways caused constant sensations in the stock-markets . The Hill interests obtained control not only of the Great-Northern
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system, but of the Northern Pacific and the Chicago,
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Burlington & Quincy, and proposed the construction of another northern line to the Pacific coast . Hill was the president of the Northern Securities Company, which in 1904 was declared by the
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United States Supreme Court to be in conflict with the Sherman Anti-
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Trust Law . (See Vol .

27, p . 733.) Among Hill's gifts to public institutions was one of $500,000 to the St . Paul Theological

Seminary (
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Roman Catholic) .

End of Article: JAMES J HILL
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