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Encyclopedia Britannica - Main :: YAK-ZYM |
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YERKES, CHARLES TYSON (1837-1905) , American capitalist, was born of Quaker parentage, in Philadelphia, Pennsylvania
house
When he failed in 1871 he refused to give any preference to the city of Philadelphia for bonds sold on its account, and was convicted of " misappropriating city funds," and sentenced to two years and nine months in the penitentiary. After serving seven months of this sentence he was pardoned, and the City Council afterward passed an ordinance cancelling the municipality's claim against him. He established a banking business in Chicago in 1881; in 1886 got control of the Chicago City Railway Company; and within the next twelve years organized a virtual monopoly of the surface and elevated railway service of Chicago. He disposed of his street railway interests in Chicago, and removed to London (1900). There he acquired in 1901 a controlling interest
District
great
York
York
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