Harriman, Ripley and Company Securities and Railroad Deals

Harriman, Ripley and Company was a significant player in the world of securities and railroad deals. The company was a major force in shaping the US financial landscape.

In 1901, Harriman, Ripley and Company was involved in the formation of the Northern Pacific Railway Securities Company. This marked a significant milestone in the company's history.

The company's involvement in railroad deals was a key aspect of its business. Harriman, Ripley and Company played a crucial role in the development of the Northern Pacific Railway, which was a major project at the time.

Harriman, Ripley & Co was created by the partners of Brown Brothers Harriman after the passage of the Glass Steagall Act.

The company was formed to engage in the marketing and underwriting of securities, a role that Brown Brothers Harriman had to abandon due to the new regulations.

Harriman, Ripley & Co maintained offices in Boston, Chicago, New York, and Philadelphia, allowing it to expand its reach and client base.

The firm was originally owned outright by E. Roland Harriman and W. Averell Harriman, who later reorganized it in 1946 and retained a significant stake in the company.

Harriman, Ripley & Co was named after Joseph P. Ripley, one of its founders and key partners.

The company's early success was built on the talent and expertise of its employees, many of whom were recruited from Brown Brothers Harriman and the National City Bank.

Harriman, Ripley and Company was formed in 1965 through the merger of Drexel and Company and Harriman, Ripley and Company.

The company's history of mergers began in 1965, when Drexel and Company merged with Harriman, Ripley and Company to create Drexel Harriman Ripley.

In 1965, Philip Hill, Higginson, Erlanger's Limited was also part of a merger that year, joining the ranks of other securities firms.

Co. Kleinwort Benson Limited merged with Drexel and Company in 1965, marking another significant merger in the company's history.

Union Pacific Railroad was a significant player in the industry, and its chairman W. Averell Harriman made a notable effort to improve its rolling stock and unique locations.

E. H. Harriman, the Empire builder, purchased the UP for a relatively low price in 1906, marking a pivotal moment in the company's history.

W. Averell Harriman took over the presidency of the company in 1906, joining a board of directors that included notable figures such as Henry Clay Frick and J.P. Morgan.

The company's name was originally "Union Pacific Railroad" but was later pronounced without the word "Railroad."