Abstract
In his valedictory address when retiring as Chairman of the Board of Directors in 1912, James J. Hill said of the Great Northern Railway Company, “The financial outlook of this company is as well assured as that of most governments. … No emergency can surprise it.” 1 The rise of the Great Northern to this almost impregnable position revolved mainly around Hill's far-famed leadership and two major commodities—wheat and iron ore.
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