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4 unusual facts about Oakleigh Thorne


New York, Westchester and Boston Railway

In 1906 bankers Oakleigh Thorne and Marsden J. Perry bought the stock of the NYW&B on behalf of the Millbrook Company, a holding entity.

Oakleigh Thorne

Thorne was president of Trust Company of America when its main office on Wall Street was the target of a bank run starting on Wednesday, October 23, 1907, during the Panic of 1907.

He was listed on Forbes' 2008 list of the world's billionaires as #1014 with a net worth of $1.1 billion.

Combined with the assets of the competing New York & Portchester Railroad, the Millbrook Company was created as a holding entity that was transferred to the New York, New Haven and Hartford Railroad following the Panic of 1907.



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