Business: East Coast Receivership

Memories of a titan returned to Wall Street last week when Florida East Coast Railway was placed in receivership and control of the road passed from the estate of the titan's widow to a group of bondholders. Henry Morrison Flagler conceived greater schemes in his life than his $126,000.000 railroad, but none retained his affection as did this enterprise, on which he lavished his brain and wealth.

Early in his career Flagler was a partner of John Davison Rockefeller. More than that they were close friends, worked in the same room, lived only a...

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