Adams to J. M. Wilson, Nov. 5, 1888, UP, PO, OC, vol. 45, ser. 2, r. 40.
For an interesting analysis of business decision making and rational narratives, see Naomi R. Lamoreaux, "Reframing the Past."
C. Knick Harley, "Oligopoly Agreement and the Timing of American Railroad Construction," Journal of Economic History 42 (Dec. 1982) 798-803, 815-20.
Harley, American Railroad Construction, 815-20.
CPH to Crocker, May 9, 1881, CPH Papers, vol. 28, ser. 2, r. 6.