Speaker Series: Matt Stump - History of Carbon County Railroads
Investigate the life of Elijah Smith and the “Blind Pool” of investors that performed the first hostile corporate takeover in U.S. history, 1882. This pool consisted of his brother Prosper W. Smith (1842-1909), William Wallace Crapo (1830-1926), William Rotch Jr. (1844-1925), and likely Hetty Green (1834-1916) who was Crapo’s cousin. Their entire purpose for building railroads was for the land grants that came with them. In order to maneuver around the Quaker sensibilities, they began exploring other ways to charge predatory interest rates, form monopolies, and define corporate personhood and rights as “natural persons.” Assumed dead in the 1906 San Francisco earthquake which burned down his offices, Elijah rose from the ashes. They spent the rest of their lives defending the ownership of those land grants belonging to individual corporations as defined by law. These corporations could be blamed for Native removal and exclusion across the country.
































