biography
| sex:
| male
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| lived:
| (1821–1905)
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| biography:
| Financier, born in Sandusky, Ohio, USA. In 1839 he went to work for the Philadelphia banking house of E W Clark and Co, becoming a partner at age 21. As head of Jay Cooke & Co (1861–73), he gained acclaim for selling $500 million worth of Civil War bonds for the US Treasury Department in 1862, then repeating this in 1865. His attempts to finance the Northern Pacific Railway failed, triggering the panic of 1873. By 1880 he had recovered his wealth by investing in Utah mining interests. |
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