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Updated: April 30, 2025
Then when you see that the Metropolitan Railway of London is managed by a man from Chicago, and that all trains of "the underground" are being equipped with the Edison incandescent light; and you note further that a New York man has morganized the transatlantic steamship-lines, you agree with William T. Stead that, "America may be raw and crude, but she is producing a race of men men of power, who can think and act."
For a couple of decades the political and financial life of New England has been dominated by a gigantic aggregation of capital, the New York, New Haven and Hartford Railroad. It is a "Morgan" concern; its popular name, "The New Haven", stands for all the railroads of six states, nearly all the trolley-lines and steamship-lines, and a group of the most powerful banks of Boston and New York.
For many years it was a watering-place, but within half a century extensive docks have been built, and it has become a great seaport, being the point of departure for steamship-lines to all parts of the world, especially the East Indies and America, as it is but seventy miles south-west of London, and thus shortens the sea voyage for trade from the metropolis.
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