Besides, he obtained a controlling interest in the Western Union Telegraph Company, and after 1881 in the elevated railways in New York City, and was intimately connected with many of the largest railway financial operations in the United States for the twenty years following 1868.
The situation thus created led by 1282 to the coalescence of the rival associations in the "Gild-hall of the Germans," but though the Baltic traders had secured a recognized foothold in the enlarged and unified organization, Cologne retained the controlling interest in the London settlement until 1476.
These two great lines were merged in 1908, with an aggregate capital of $460,000,000 Mexican money, of which the Mexican government holds $230,004,580, or a controlling interest.
These extensions, and the alteration of gauge to that of the Argentine North-Eastern, were carried out mainly at the cost of the Argentine government, which acquired a controlling interest in the Paraguay Central.
In 1877 he bought a controlling interest in the New York Elevated Railroad Company, controlling the Third and Ninth Avenue lines, of which he was president in 1877-1880.