Railroad Empires

In 1869, when the final spike was driven into the Transcontinental Railroad, few were prepared for its seismic aftershocks. Once a hodgepodge of short, squabbling lines, America's railways soon exploded into a titanic industry helmed by a pageant of speculators, crooks, and visionaries. The vicious competition between empire builders such as Cornelius Vanderbilt, Jay Gould, J. P. Morgan, and E. H. Harriman sparked stock market frenzies, panics, and crashes; provoked strikes; transformed the nation's geography; and culminated in a ferocious two-man battle....

The Spokane & Inland Empire Railroad started as a streetcar line, used largely for real estate development, and grew into a regional electric railway noted for its cutting edge technology and elegant sense of style. Jay P. Graves and the other men connected with the railroad, created land improvement companies designed to provide luxury resorts, as well as plan small towns. Within a few years, the rail lines would stretch from Spokane to Coeur d'Alene, and Hayden lakes to the east, with another line heading south through the Palouse, splitting at Spring Valley, to Colfax, and Moscow.