George Stephen, 1st Baron Mount Stephen
Overview
George Stephen partnered with Donald Smith
Donald Smith, 1st Baron Strathcona and Mount Royal
Sir Donald Alexander Smith, 1st Baron Strathcona and Mount Royal, GCMG, GCVO, PC, DL was a Scottish-born Canadian fur trader, financier, railroad baron and politician.-Early life:...
, James Jerome Hill, and Norman Kittson
Norman Kittson
Norman Wolfred Kittson was variously a fur trader, steamboat-line operator, and railway entrepreneur.-Fur trader:...
to purchase the near-bankrupt St. Paul and Pacific Railroad in Minnesota
Minnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...
in the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. They turned the business around, restoring profitability and expanding its lines. Renamed the St. Paul, Minneapolis and Manitoba Railway, Stephen and his partners then sold it out for an enormous profit.
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