Word: northerners
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...Weeks ago these sailors, when variously docked in San Francisco, Honolulu and other ports, had read in newspapers that the war between the North and the South had ended nearly three months earlier. On April 9, Confederate general Robert E. Lee had surrendered the remnants of his Army of Northern Virginia to Union general Ulysses S Grant at a place called Appomattox Courthouse, Virginia...
...early April, as Union forces gathered outside Richmond, Virginia, the capital of the Confederacy, Davis-acting on advice from General Lee-had ordered the city's evacuation. By then, Lee's beleaguered Army of Northern Virginia, fleeing a Union advance, had marched west of Richmond, hoping to escape and fight another day. Davis and his cabinet, meanwhile, took a southwest train for Danville, Virginia. There, Davis lingered long enough to issue a proclamation calling for continued resistance to Union forces. With Yankee troops hard on his heels, he then drifted farther and farther south: through Virginia's fields and leafy...
...business affairs, Morgan was a man accustomed to handling things personally. One of his biggest objections to the way Roosevelt had sprung the Northern Securities suit was that the President had not quietly tipped him in advance. Large sums of borrowed money were at stake, and the abrupt attack by the Justice Department had rattled the markets. In Morgan style, he went personally to Washington to meet with Roosevelt and Attorney General Philander Knox...
...same, Roosevelt remained open to more cooperative dealings with Morgan. For all his tough talk, Roosevelt really was willing to cut deals. But he wanted the business world on notice that the days of freewheeling combination were over. And Morgan had reason to play ball with Roosevelt. Northern Securities was only one of the many trusts he had assembled. General Electric, Western Union, International Harvester, Aetna Insurance--he controlled them all. Just a year earlier, he had put together what was then the world's largest corporation, U.S. Steel, whose $1.4 billion in assets was equal...
...suit against Northern Securities eventually landed at the Supreme Court, and Roosevelt won a narrow but crucial victory that opened the way for more aggressive use of the Sherman Antitrust Act in other cases. He also established a Department of Commerce and Labor, which included a Bureau of Corporations to monitor the budding monopolies. Roosevelt endlessly reassured Big Business that he intended merely to keep an eye on its conduct. But he let it be known that he meant business too. Only "the corporation that shrinks from the light" would have anything to fear from government, he once said. Then...