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government had to act. In 1870 he sold almost all of his Union Pacific stock. For a look at this man of remarkable talents and a truly caring nature, read the book Bantamweight Archangel: The Life and Afterlife of Thomas S. Durant, MD in which a group of mostly cynical newspaper journalists whom Tom met at home in Boston and during his medical travels around the world give their impressions of this rare man. He created the financial structure that led to the Crdit Mobilier scandal. He would laugh, tell some sort of a joke, and be on his way to help someone else. Thomas Durant Those of us who were lucky enough to be his friends are very fortunate that we came to know him and his passions. After a steamboat hit the bridge, boat operators sued to have the bridge dismantled. New York: Appleton-Century-Crofts, 1969. Government. Durant did the same. Vol. Durant recognized railroads as a good investment, and soon he began to concentrate his entire resources on financing railroad construction. how much was thomas durant worth when he died [10], Like many others, Durant lost a great deal of his wealth in the Panic of 1873. During the Panic of 1873, he lost a significant amount of his assets. He was vice-president of the Union Pacific Railroad (UP) in 1869 when it met with the Central Pacific railroad at Promontory Summit in Utah Territory. how much was thomas durant worth when he died. Pacific Durant was dropped from the company's It was during this time that Durant became professionally acquainted with Henry Farnam. Durant covered his tracks by having various politicians, including future President James Garfield, as limited stockholders. When the Furthermore, they garnered major land grants to construct Iowa's first railroad, which would connect Davenport on the Mississippi River with Council Bluffs on the Missouri River.
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how much was thomas durant worth when he died