The Merritt Brothers put their company stock up as collateral to borrow money from Rockefeller to fully fund the railroad, and in the span of only several months, the Merritt Brothers had lost their personal wealth and interest in both their mining and their railroad corporations.
The Merritt Brothers put their company stock up as collateral. This was to borrow money from Rockefeller to fully fund the railroad. The Merritt Brothers had lost their personal wealth and interest in both their mining and their railroad corporations. This was in the span of only several months.