Charles Morgan (businessman) - Career

Career

Charles Morgan was born in Clinton, Connecticut. At the age of 14 he began working at his uncle's store, and later launched his own import business. As his business grew he invested in a steamship line which traded in the West Indies. By the 1850s Morgan was engaged in the steamship business on a full-time basis. He later began constructing his own ships, and was one of the first ship builders to switch from wood to iron construction.

In the 1850s the New Orleans, Opelousas and Great Western Railroad ( N.O.O. & G.W.R.R. ) began construction in New Orleans. Since New Orleans was a major port for Morgan's steamship company, he saw this new railroad as an opportunity to move his goods to Texas. He invested $2,050,000 in the railroad. During the Civil War much of the railroad's equipment was commandeered by the Confederate forces. Due to economic problems the railroad was sold after the war, and Morgan purchased the entire assets. He later renamed it the Morgan's Louisiana and Texas Railroad and Steamship Company ( see Texas and New Orleans Railroad ).

The expansion of the railroad continued westward, reaching Lafayette by 1879. Unfortunately, Morgan died a few weeks before the railroad reached the city. The company continued to operate under the goals that he established, and it was finally acquired by Southern Pacific Railroad in 1885.

It was Morgan & Garrison, the business partnership of Charles Morgan and C.K. Garrison, who were the recipients of the brief and now very famous letter: "Gentlemen: You have undertaken to cheat me. I won't sue you, for the law is too slow. I'll ruin you. Yours truly, Cornelius Vanderbilt."

The Morgan School in Clinton, Connecticut is named after Charles Morgan. Morgan City, Louisiana, is also named in his honor.

Read more about this topic:  Charles Morgan (businessman)

Famous quotes containing the word career:

    He was at a starting point which makes many a man’s career a fine subject for betting, if there were any gentlemen given to that amusement who could appreciate the complicated probabilities of an arduous purpose, with all the possible thwartings and furtherings of circumstance, all the niceties of inward balance, by which a man swings and makes his point or else is carried headlong.
    George Eliot [Mary Ann (or Marian)

    I doubt that I would have taken so many leaps in my own writing or been as clear about my feminist and political commitments if I had not been anointed as early as I was. Some major form of recognition seems to have to mark a woman’s career for her to be able to go out on a limb without having her credentials questioned.
    Ruth Behar (b. 1956)

    I began my editorial career with the presidency of Mr. Adams, and my principal object was to render his administration all the assistance in my power. I flattered myself with the hope of accompanying him through [his] voyage, and of partaking in a trifling degree, of the glory of the enterprise; but he suddenly tacked about, and I could follow him no longer. I therefore waited for the first opportunity to haul down my sails.
    William Cobbett (1762–1835)