Erie Railroad

4 statements across 2 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Feb 1, 2024 by David Senra · said 20 times in 3 episodes since 2024 · across every show →

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brought up most by David Senra (20)

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2025 5 mentions in 1 episode
2024 15 mentions in 2 episodes 8 per episode

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Everything said about Erie Railroad, oldest first

Feb 1, 2024
Assertion Supported
Jay Gould bypassed Cornelius Vanderbilt's injunction by using an executive committee
“Jay noticed that Barnard's injunction, injunction, that's the judge that Vanderbilt paid off against new share issuance enjoying the Erie board and only the board. What if another entity say Erie's executive committee issued the stock instead of the board? Jay…”
David Senra Feb 1, 2024 ▶ 38:50 How Jay Gould Built Wall Street's Biggest Fortune
Feb 1, 2024
Assertion Supported
The Erie Railroad board took $7 million from Cornelius Vanderbilt
“Vanderbilt believed that the share count was fixed, so he kept buying. And Vanderbilt didn't know that the stocks he's buying were issued by his enemies, right, the other people on the board, and so that money, they wind up taking him for like seven million do…”
David Senra Feb 1, 2024 ▶ 39:13 How Jay Gould Built Wall Street's Biggest Fortune
Nov 17, 2025
Assertion Supported
Railroad rebates added $50,000 in annual profit to Rockefeller in the 1860s
“So these rebates are adding 50,000 dollars a year in profit each year at a time when most other refiners Couldn't even break even. Most of them were losing money.”
David Senra Nov 17, 2025 ▶ 32:08 How Rockefeller Worked
Nov 17, 2025
Assertion Supported
Standard Oil targeted Erie Railroad for rebates because it needed traffic
“So when they think about who to target for the largest possible rebates, they concentrate on the Erie railroad. Why? Because it was one of the smaller railroads at the time and therefore more hungry for traffic. This deal at Rockefeller is going to work out wi…”
David Senra Nov 17, 2025 ▶ 30:04 How Rockefeller Worked
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