Today, The Rapid Transit Pie, by Joseph Keppler, from the cover of the July 9th, 1879 issue of Puck magazine. In it, one of our two favorite monopolists and stock market manipulators — William H. Vanderbilt — is shown attempting to grab all of NYC’s rapid transit “pie” for himself. As explained in the same Puck issue, New York City had given Cornelius Vanderbilt three million dollars to develop a rapid transit system, which years later, neither Cornelius (now dead) nor his son (William) showed any inclination of doing, believing there to be no profit in it (beyond keeping the money). Once others, began to build such a system, and showed profit, however, Vanderbilt wanted in, attempting to take over, and with plans to tear down choice private sections of the city, to make room for his elevated railroads.
Click on picture to see an enlarged version.
Click here to find both the prior Wall Street Frauds Make Wonderful Cartoons entries, and related I.T.C.H. posts. This series will continue, while the debate on financial reforms continues in Congress (except Mondays and holidays, on which I already had other material planned).