Business: Yankee Power

Rearing a few surprising skyscrapers above the rich alluvium of the Connecticut River is Hartford, capital of the third smallest State in the Union, home of a considerable proportion of the U. S. insurance business, birthplace of J. P. Morgan the Elder. There, where Secession was debated long before the South was tempted, old Yankee families grew rich and conservative in the manufacture of textiles, tools, machines. When Thomas Alva Edison devised a lamp which never needed filling, the gadget appealed to a good Hartfordian whose fortune had come from linen. With $20,000...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!