44-835: Cassatt may refer to: People [ edit ] Alexander Cassatt (1839–1906), president of the Pennsylvania Railroad Edward B. Cassatt (1868–1922), American soldier and breeder of thoroughbred horses, son of Alexander Edward R. Cassatt (1839–1907), American politician from Iowa Elsie Foster Cassatt (1875–1931), American sportswoman, daughter of Alexander Mary Cassatt (1833–1926), American painter, sister of Alexander Other [ edit ] Cassatt, South Carolina , unincorporated community, United States Cassatt Quartet , also known as Cassatt String Quartet 6936 Cassatt (6573P-L), asteroid Companies [ edit ] Cassatt & Company ,
88-582: A brokerage and investment banking firm in existence from 1872 to 1940 Cassatt Corporation, software company headed by William T. Coleman III Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title Cassatt . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=Cassatt&oldid=1038676382 " Category : Disambiguation pages Hidden categories: Short description
132-536: A day train from Atlanta, making connections at Augusta with an ACL train bound for Florence, South Carolina . A unique feature of the Georgia Railroad and Banking Company charter was that the state legislature gave the corporation large tax breaks, which were legally challenged on several occasions. The charter also called for daily-except-Sunday passenger service. The lawyers advised management to maintain passenger service on all lines, so as to not violate
176-521: A niece of songwriter Stephen Foster . The couple had two sons and two daughters. In 1872, Cassatt was elected as a member to the American Philosophical Society . Cassatt was a horse enthusiast and fox hunter who owned Chesterbrook Farm , outside Berwyn, Pennsylvania , where he bred Thoroughbred racehorses . The 600-acre (240 ha) property is today the site of a subdivision with office buildings and homes using
220-671: A resident engineer to work on the middle division of the Philadelphia and Erie railroad . In 1866, Cassatt became superintendent of motive power and machinery for the Oil Creek and Allegheny River Railway , recently reorganized in 1864 as the Warren and Franklin Railroad which was growing rapidly due to the discovery of oil in the region and coal mining. In 1867, Cassatt was appointed as superintendent of motive power and machinery for
264-424: A single railroad. The Georgia Railroad was the first to be merged away. The railroad properties of the Georgia Railroad and Banking Company, which had been operated under a lease for 90 years by CSX and its predecessors, were formally merged into Seaboard System Railroad. The mixed train service ended in 1983. In 1986, Seaboard System Railroad renamed itself CSX Transportation . The same year, Georgia Railroad Bank
308-529: Is different from Wikidata All article disambiguation pages All disambiguation pages Alexander Cassatt Alexander Johnston Cassatt (December 8, 1839 – December 28, 1906) was the seventh president of the Pennsylvania Railroad (PRR), serving from June 9, 1899, to December 28, 1906. Alexander Cassatt was born on December 8, 1839, in Pittsburgh , Pennsylvania. He was
352-709: The American Civil War , the Confederate States of America maintained a gunpowder factory in Augusta. Carloads of gunpowder would be transported on the Georgia Railroad to various battlefields in the "Western Campaign." Although the Civil War saw heavy damage to railroads such as the Georgia Railroad, management used their considerable resources to restore operation as quickly as possible. The Georgia Railroad even resorted to temporarily abandoning
396-673: The American Hackney Horse Society . The organization and registry continues to this day, with its headquarters now in Lexington, Kentucky . Cassatt had been feeling unwell since early August 1906, while he was vacationing with his family in Bar Harbor , Maine . There, he had contracted whooping cough from his two grandchildren, Cassatt and Catherine Stewart. His condition became serious, and specialists were called to examine him. He seemed to have recovered by
440-464: The Athens branch to secure enough rail to reopen its main line. After their defeat, returning Confederate soldiers were given free rides home, to the extent that the company's limited rail network would allow. They also honored all Confederate scrip issued by their bank. No depositor lost their savings even if Confederate money had no value. It helped that the Georgia Railroad and Banking Company had
484-573: The Savannah and Atlanta Railroad , which connected with the Georgia Railroad at Warrenton , the Georgia Railroad now competed with the Central of Georgia Railroad for traffic to and from Savannah. Soon the ACL came to dominate the Augusta interchange traffic, through its Charleston and Western Carolina Railway subsidiary and via the ACL's spur from its main line at Florence, South Carolina , in order that
SECTION 10
#1732765345221528-645: The Seaboard Coast Line Railroad (SCL). SCL continued to operate the Georgia Railroad as a subsidiary alongside the Louisville & Nashville Railroad and the Clinchfield Railroad . These were known collectively as the "Family Lines System." SCL continued to operate the Georgia Railroad under its initial charter; the Georgia Railroad was maintained as a separate company, with SCL leasing the rail properties. Two years later,
572-556: The Chesterbrook Farm name. The original main barn designed by Philadelphia architect Frank Furness has been maintained and restored. (Furness also designed Cassatt's Rittenhouse Square townhouse.) Cassatt initially raced under the pseudonym, Mr. Kelso, and his horses as from the Kelso Stable. He owned the 1886 Preakness Stakes winner, The Bard , and the 1889 Belmont Stakes 1889 winner, Eric . As well, he bred
616-549: The Georgia Railroad and returned to Pennsylvania without seeing any military service during the American Civil War . Alexander J. Cassatt (usually styled A. J. Cassatt) joined the Pennsylvania Railroad (PRR) in 1861 as an engineer and rapidly rose through the ranks. He was a vice president in 1877 when the Pittsburgh Railway riots broke out, and had become PRR's first vice-president by 1880. He
660-713: The Georgia Railroad could compete with the Seaboard Air Line Railroad and Southern Railway for traffic from Atlanta up the Eastern seaboard . A 1925 timetable showed four daily roundtrips between Atlanta and Augusta. A trip on the Night Express of that era was described by W.F Beckum. By the opening of the 1960s, however, passenger service had been reduced to an overnight through-train from Atlanta to Augusta, continuing as an Atlantic Coast Line Railroad train to Wilmington, North Carolina , and
704-568: The Georgia Railroad ended its traditional passenger service, though it continued to operate a bare-bones mixed train service between Atlanta ( Atlanta Union Station ) and Augusta ( Augusta Union Station ). In 1980, SCL merged with Chessie System to form CSX Corporation . In 1982, SCL and L&N merged to form the Seaboard System Railroad , beginning what would be a process in which the CSX operating companies would be merged into
748-644: The Madison branch to Terminus (Atlanta) and thereby compete with the Central Railroad and Banking Company of Georgia (later the Central of Georgia Railroad ), which together with the Macon & Western Railroad , was competing for traffic through Charleston's rival port of Savannah, Georgia . By 1850, this railroad had built 213 miles (343 km) of track and was up to 232 miles (373 km) by 1860. At
792-789: The PPR's great accomplishment under Cassatt's stewardship was the planning and construction of the long awaited tunnels under the Hudson River that brought PRR's trunk line into New York City. His purchase of a controlling interest in the Long Island Rail Road and the construction of tunnels under the East River facilitated the creation of a PRR commuter network on Long Island. Cassatt died in 1906, several years before his grand Pennsylvania Station in New York City
836-629: The Pennsylvania railroad in Altoona with a salary of $ 3,000 per year ($ 2023 =65,000) when a trainman made less than $ 10 a week ($ 2023 =200). Sometime during Cassatt's tenure as superintendent, he married Lois Buchanan, daughter of the Rev. Edward Y. Buchanan and Ann Eliza Foster. Lois Buchanan was a niece of James Buchanan , 15th President of the United States, and through her mother,
880-653: The charter. The Georgia was among the last railroads to operate both freight and inter-city passenger trains in the " Lower 48 " states, into the Amtrak era. The Georgia Railroad originally fell under common management with the Atlanta & West Point Railroad and the Western Railway of Alabama , commonly known as "the West Point Route." In 1967, ACL merged with the Seaboard Air Line Railroad to form
924-565: The company. In 1881, Colonel William M. Wadley, Central Railroad and Banking Company of Georgia president, leased the railroad properties of the Georgia Railroad and Banking Company, including the A&;WP and WofA. Wadley assigned half of the lease to his company and half to the L&;N. Following the Panic of 1896 , the Central went into receivership and its portion of the lease lapsed, whereupon it
SECTION 20
#1732765345221968-487: The eldest of seven children born to Robert Simpson Cassat (later Cassatt), and his wife Katherine Cassatt, the former Katherine Kelso Johnston. The elder Cassatt was a successful stockbroker and land speculator who was descended from the French Huguenot Jacques Cossart, who came to New Amsterdam in 1662. The Cassatts had seven children, two of whom died in infancy; Alexander's younger sister
1012-513: The financial strength to honor those promises. At that time, most Southern banks were repudiating any obligations related to Confederate currency . This helped to solidify the bank's reputation as one of the premier banks in the southeastern United States, well into the 20th century. The Georgia Railroad Freight Depot , designed by architect Max Corput , was completed in 1869 and is the oldest building in Downtown Atlanta . The company
1056-504: The line was chartered to build a railroad from Augusta to Athens , with a branch to Madison . It was converted to 4 ft 8 + 1 ⁄ 2 in ( 1,435 mm ) in 1886. The 5 ft ( 1,524 mm ) gauge railroad opened in 1845 with J. Edgar Thomson as its Chief Engineer and Richard Peters as its first Superintendent. At that time the rates were as follows: Several other railroads were then under construction: The Georgia Railroad decided to extend
1100-456: The middle of September. Cassatt's physician, Dr. J.H. Musser, had diagnosed him with Adams-Stokes syndrome , a form of temporary hypoxia , and from early December onwards, he was attended regularly by a nurse. His family and friends were often worried about his health, but Cassatt protested that he would soon recover. On Christmas Eve, Cassatt went for a drive and returned insisting that he felt much refreshed, though Musser had his doubts. On
1144-505: The morning of December 28, a Friday, Cassatt did not feel well and decided to return to bed, though he did not complain to his wife and daughter, who were with him, of any particular pain. He was supposedly cheerful and decided to forgo his usual business meetings with other officials of the Pennsylvania Railroad, who had been coming to his residence on Rittenhouse Square regularly to meet him for much of December, so they did not seem alarmed. His grandchildren visited him before scampering away to
1188-665: The niche read: ALEXANDER JOHNSTON CASSATT · president pennsylvania railroad company · 1899–1906 · whose foresight, courage and ability achieved · the extension of the pennsylvania railroad system · into new york city The statue is currently located at the Railroad Museum of Pennsylvania in Strasburg, Pennsylvania . Georgia Railroad and Banking Company The Georgia Railroad and Banking Company ( reporting mark GA ) also seen as "GARR",
1232-472: The playroom in the Cassatt townhouse. A short time later Cassatt fell asleep, and it was only a short time later that Cassatt's wife noticed he looked very pallid, and summoned the nurse, whose examination quickly determined he was dead. Dr. Musser was summoned, but he also determined that no medical aid would be useful. Despite the medical explanations for Cassatt's passing, many of his business colleagues in
1276-505: The railroad and financial industries immediately asserted that he had died "of a broken heart due to the sensational revelations of grafting by officials of the Pennsylvania [Railroad] system" that had come to light during recent investigations into the coal industry by the Interstate Commerce Commission . A servant called both Musser and Cassatt's assistant William A. Patton to inform them of his death. The news
1320-708: The summer of 1859, his father took him to see James Buchanan , the 15th president of the United States, who was a former neighbor of the family. By the fall of 1860, Cassatt had secured a position as a surveyor or rodman with the Georgia Railroad . By the time the State of Georgia voted to secede from the Union in January 1861, Cassatt had abandoned his work as surveyor on the Dalton-Knoxville line of
1364-617: The time, goods from the Mississippi and Ohio valleys had to go by riverboat to New Orleans and then via coastal steamships around the Florida Keys , to get to the big population centers in the Northeast. Shipping cross-country by rail to the ports of Charleston and Savannah made perfect economic sense. The banking side of the business was quickly more successful than the railroad side. The Georgia Railroad & Banking Company
Cassatt - Misplaced Pages Continue
1408-696: The winner of the 1875, 1876, 1878, and 1880 Preakness Stakes and Foxford , who won the 1891 Belmont. In addition to flat-racing his Thoroughbreds, in 1895 Cassatt helped found the National Steeplechase Association to organize competitive steeplechase racing . He was also responsible for the introduction of the Hackney pony to the United States. In 1878 he acquired 239 Stella in Britain and brought her to Philadelphia . In 1891, Cassatt and several fellow Hackney enthusiasts founded
1452-465: Was a historic railroad and banking company that operated in the U.S. state of Georgia . In 1967 it reported 833 million revenue-ton-miles of freight and 3 million passenger-miles; at the end of the year it operated 331 miles (533 km) of road and 510 miles (820 km) of track. The company was chartered in 1833 in Augusta, Georgia . In 1835, the charter was amended to include banking. Originally
1496-422: Was built by Alexander Cassatt in 1902. The New York Times reported that Cassatt was, relative to other railroad magnates, not an extraordinarily wealthy man, citing officials at the Pennsylvania Railroad who stated at his death that he was worth no more than $ 5 million (though this would at least be equivalent to $ 173.9 million in 2022). Evidently, Cassatt built most of his fortune between 1882 and 1899, when he
1540-561: Was completed. He was succeeded as PRR's president by James McCrea . In the spring of 1861, Cassatt had been hired as part of the Engineer Corps of the Pennsylvania Railroad, again as a rodman where he worked on the Connecting Railway . It is unknown how Cassatt managed to avoid the Pennsylvania militia draft during the Union mobilization in this period but in 1864, Cassatt was transferred to Renovo, Pennsylvania , as
1584-506: Was disappointed to be passed over for the presidency and resigned from the company in 1882. During his absence he devoted his time to horse breeding but still was able to organize the New York, Philadelphia and Norfolk Railroad (NYP&N), a new line that connected southern markets with the north. Despite no longer being an executive with PRR, he was elected to the PRR's board of directors and
1628-666: Was eventually reassigned to the Atlantic Coast Line Railroad (ACL). In 1902, the ACL acquired controlling interest in the L&N; thus the Georgia, A&WP, and WofA became non-operating subsidiaries of the Atlantic Coast Line. In 1909, white firemen of the Georgia Railroad, organized under the Brotherhood of Locomotive Firemen and Enginemen , went on a mass strike . With the building of
1672-443: Was known as "Pennsy's Broad Way"). Many other lines were double-tracked; almost every part of the system was improved. New freight cutoffs avoided stations; grade crossings were eliminated; flyovers were built to streamline common paths through junctions ; terminals were redesigned, and much more. Cassatt initiated the PRR's program of electrification which led to the road being the United States' most electrified system. However
1716-699: Was later re-chartered as the Georgia Railroad Bank, then a subsidiary of the First Railroad and Banking Company, which eventually opened banks in Atlanta under the name of First Georgia Bank. The banking operations were merged with First Union in 1986 and First Union subsequently merged with Wachovia Corporation (now Wells Fargo ). The Georgia Railroad Bank entered the insurance business using subsidiaries such as First of Georgia, however these were subsequently sold, at considerable profit to
1760-793: Was no longer employed by the Pennsy, as he had invested in stock of railroad supply manufacturers such as the Union Switch and Signal Company and the United States Metallic Packing Company, the Pennsylvania Steel Company, and the Cambria Steel Company. In 1910, the Pennsylvania Railroad erected a statue of Cassatt, by Adolph Alexander Weinman , in a niche at New York City's new Pennsylvania Station. An inscription below
1804-504: Was perhaps the strongest bank in Georgia for many years. The bankers used some of their wealth to buy controlling interests in the Atlanta & West Point Railroad (A&WP) and the Western Railway of Alabama (WofA), which provided a continuous line from Atlanta to Montgomery, Alabama , although the WofA was standard gauge , while all the other lines in the South were broad gauge. During
Cassatt - Misplaced Pages Continue
1848-400: Was recalled in 1899 to serve as president. Cassatt more than doubled the PRR's total assets during his term, from $ 276 million to $ 594 million, while track and equipment investment increased by almost 150 percent. The route from New York through Philadelphia , Harrisburg and Altoona to Pittsburgh was made double-tracked throughout; the route to Washington, D.C. made four-tracked (it
1892-439: Was the impressionist painter Mary Cassatt . Their mother, Katherine, came from a banking family. She was educated and very well read. It was said that of the seven Cassatt children, Alexander most resembled his mother in "appearance and temperament". In 1856, Alexander Cassatt entered Rensselaer Polytechnic Institute to study civil engineering . His senior thesis was entitled "Review of Pressure Turbine". After graduating in
1936-785: Was then relayed to the employees of the Pennsylvania Station at Broad Street Station in Philadelphia and from there telegraphed throughout the United States. He was interred in the Church of the Redeemer Cemetery in Bryn Mawr, Pennsylvania . His widow died in 1920. In World War II, the United States liberty ship SS A. J. Cassatt was named in his honor. Gramercy Mansion in Baltimore, Maryland,
#220779