Bache & Co. - Wikipedia

Among the early clients of J.S. Bache & Co. were such renowned financial leaders as John D. Rockefeller Sr., Edward H. Harriman, and Jay Gould.….
During the 1920s, the firm became a leader in financing railroads, automobile and mining enterprises. It headed the list of stockholders of the Chicago, Great Western Railway, and acquired control of the Ann Arbor Railroad. The firm was closely identified with the founding and
early growth of the Chrysler Corporation.

Bache demonstrated that it would remain a major presence on Wall Street in the Crash of 1929 by reducing the credit extended to the firm's customers and warning them of the possibility of a reversal. Fortuitously, the firm had none
of its own capital invested in the stock market and had no investment trusts to protect during the markets decline. In the dark days of the Bank Holiday of 1933, when cash was virtually unavailable, Bache attracted national attention by supplying currency to customers in
New York, Detroit, and other cities.

The railroad company was chartered September 21, 1895, as successor to the Toledo, Ann Arbor and North Michigan Railway.[1] In 1905, it was acquired by the Detroit, Toledo & Ironton Railway (DTI) and Eugene Zimmerman assumed presidency of
both lines. DTI went bankrupt three years later. Eugene Zimmerman (December 17, 1845 – December 20, 1914)[1] was an American industrialist who became incredibly wealthy as a stockholder in John D. Rockefeller's Standard Oil. He used the income from his Standard Oil holdings to
invest in railroads. Zimmerman was born in Vicksburg, Mississippi on December 17, 1845. He was a son of Ohio native Solomon Zimmerman (1807–1859) and Hannah J. (née Biggs) Zimmerman (1824–1861), who married in 1845.[2] His younger brother was Martin Zimmerman and his younger
sister was Ellen (née Zimmerman) Laird. After his father's death, his mother remarried to Andrew Jackson LaBoiteaux in November 1859 in Hamilton County, Ohio before her death in 1861. His grandfather was an officer in the Dutch Army.
The DT&I went bankrupt in 1908,[12] forcing them to divest Ann Arbor Railroad to Zimmerman, who sold the line in 1909 to Joseph Ramsey, Jr. and Newman Erb,[13] and retired from active business while still retaining control of his "immense coal and iron lands" in the Midwest.[
Testimony given before the Commission told how J. Pierpont Morgan suffered a $12,00,000 loss when he acquired the Zimmerman's Great Central system, then failed to sell it to the Erie Railroad, and "was forced to throw the system into the hands of a receiver."[16] Frederick W.
Stevens testified that Zimmerman and his associates loaded $24,000,000 worth of obligations on the railroad and took a 999-year lease on the Père Marquette system and guaranteed the road's bonds.

Helena Zimmerman (1878–1971), who married William Montagu, 9th Duke of Manchester
in 1900.[20] They divorced in 1931 and, in 1937,[21] she married Arthur Keith-Falconer, 10th Earl of Kintore and remained married until his death in 1966.[
Page then reported the story to President Woodrow Wilson on February 24, 1917, including details to be verified from telegraph-company files in the United States. Though Wilson felt "much indignation" toward the Germans and wanted to publish the Zimmermann Telegraph immediately
after receiving it from the British, he delayed until March 1, 1917. Many Americans at the time held anti-Mexican as well as anti-German views, and in Mexico there was a considerable amount of anti-American sentiment in return (thanks in no small part to the American occupation
of Veracruz).[26] General John J. Pershing had long been chasing the revolutionary Pancho Villa for raiding into US territory and carried out several cross-border expeditions.
However, once the Zimmermann note was public, Wilson called for arming the merchant ships, but anti-war elements in the United States Senate blocked his proposal.[28]
On 6 April 1917, Congress voted to declare war on Germany; Wilson had asked Congress for "a war to end all wars"
that would "make the world safe for democracy".[29]
Woodrow Wilson considered another military invasion of Veracruz and Tampico in 1917–1918,[30][31] so as to pacify the Tehuantepec Isthmus and Tampico oil fields and ensure their continued production during the civil war,

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