Charles Sanger Mellen, Date of Birth, Date of Death

    

Charles Sanger Mellen

American businessman

Date of Birth: 16-Aug-1852

Date of Death: 17-Nov-1927

Profession: businessperson

Zodiac Sign: Leo


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About Charles Sanger Mellen

  • Charles Sanger Mellen (August 16, 1852 – November 17, 1927) was an American railroad man whose career culminated in the presidencies of the Northern Pacific Railway (1897-1903) and the New York, New Haven and Hartford Railroad (1903-1913).
  • His goal, along with the New Haven's financier J.
  • P.
  • Morgan, was to consolidate, electrify and modernize all the main railroads of New England, so as to lower competition and produce higher profits.
  • The result of his abrasive tactics alienated public opinion, led to high prices for acquisitions and costly construction; the accident rate soared when efforts were made to save on maintenance costs.
  • Debt soared from $14 million in 1903 to $242 million in 1913, when it was hit by an antitrust lawsuit by the federal government on the charge of monopolizing New England's rail traffic.
  • He was called, "The last of the railway czars."

Read more at Wikipedia