Peter S. Grosscup Quotes


Who is not rich to-day when compared with his ancestors of a century ago? The steamboat and the railroad bring to his breakfast table the coffees of Java and Brazil, the fruits from Florida and California, and the steaks from the plains. The loom arrays him in garments and the factories furnish him with a dwelling that the richest contemporaries of his grandfather would have envied. With health and industry he is a prince


Citations

Peter S. Grosscup, 1852-1935, Federal Appeals Court Judge, Quoted in a letter to him from labor leader Samuel Gompers, September 1894

Sourced by: Eigen's Political and Historical Quotations

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Stimson was one of the first to realize the new economic reality in America. In prior years, wealthy individuals financed most business and industrial efforts. However, the need for capital had become so great that wealthy individuals could no longer provide sufficient capital to underwrite some of the business efforts. The age of the corporation was dawning on America and Stimson was one of the first to recognize it.


This historical quotation shows the extremely rapid pace that the world adopted a technology once it had been mechanized—in this case: steel.


Peter S. Grosscup
Peter S. Grosscup
  • Born: February 15, 1852
  • Died: October 1, 1921
  • Nationality: American
  • Profession: Judge

Peter Stenger Grosscup was a United States Circuit Judge of the United States Court of Appeals for the Seventh Circuit and the United States Circuit Courts for the Seventh Circuit and previously was a United States District Judge of the United States District Court for the Northern District of Illinois. Grosscup is best remembered for having made use of the judicial injunction against strikers in labor disputes, including most notably the leadership of the American Railway Union in the 1894 Pullman Strike.