George C. Magoun
Encyclopedia
George C. Magoun was, in the late 1880s, the Chairman of the Board of the Atchison, Topeka and Santa Fe Railway
.
Magoun was born in Cambridge, Massachusetts
. He received a public school education, then entered employment with Stimson, Valentine and Company, a paint
manufacturer in Boston. He left his sales position with that firm in March 1867 to become a clerk for Kidder, Peabody & Co.
. After a quick series of promotions, the company sent him to New York City
where he would open a branch. Four years later, in 1871, he was a full partner in the firm.
Magoun and his company invested in the still growing Atchison, Topeka and Santa Fe Railway
to the point where he had become Chairman of the Board for the railroad. In the late 1880s, as the Santa Fe's stock prices fell from $
140 per share to around $20 per share, Magoun's health also faltered. Magoun died on December 20, 1893. He had become so personally identified with the railroad that three days after his death, the Santa Fe entered receivership.
Atchison, Topeka and Santa Fe Railway
The Atchison, Topeka and Santa Fe Railway , often abbreviated as Santa Fe, was one of the larger railroads in the United States. The company was first chartered in February 1859...
.
Magoun was born in Cambridge, Massachusetts
Cambridge, Massachusetts
Cambridge is a city in Middlesex County, Massachusetts, United States, in the Greater Boston area. It was named in honor of the University of Cambridge in England, an important center of the Puritan theology embraced by the town's founders. Cambridge is home to two of the world's most prominent...
. He received a public school education, then entered employment with Stimson, Valentine and Company, a paint
Paint
Paint is any liquid, liquefiable, or mastic composition which after application to a substrate in a thin layer is converted to an opaque solid film. One may also consider the digital mimicry thereof...
manufacturer in Boston. He left his sales position with that firm in March 1867 to become a clerk for Kidder, Peabody & Co.
Kidder, Peabody & Co.
Kidder, Peabody & Co. was a U.S.-based securities firm, established in Massachusetts in 1865. Its operations included investment banking, brokerage, and trading....
. After a quick series of promotions, the company sent him to New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
where he would open a branch. Four years later, in 1871, he was a full partner in the firm.
Magoun and his company invested in the still growing Atchison, Topeka and Santa Fe Railway
Atchison, Topeka and Santa Fe Railway
The Atchison, Topeka and Santa Fe Railway , often abbreviated as Santa Fe, was one of the larger railroads in the United States. The company was first chartered in February 1859...
to the point where he had become Chairman of the Board for the railroad. In the late 1880s, as the Santa Fe's stock prices fell from $
United States dollar
The United States dollar , also referred to as the American dollar, is the official currency of the United States of America. It is divided into 100 smaller units called cents or pennies....
140 per share to around $20 per share, Magoun's health also faltered. Magoun died on December 20, 1893. He had become so personally identified with the railroad that three days after his death, the Santa Fe entered receivership.