-Caveat Lector-

from:
http://www.tsha.utexas.edu/cgi-bin/web_fetch_doc?dataset=tsha.dst&db=handbook&;
doc_id=4662&query=american+national+bank+austin

<A
HREF="http://www.tsha.utexas.edu/cgi-bin/web_fetch_doc?dataset=tsha.dst&db=han
dbook&doc_id=4662&query=american+national+bank+austin">Handbook of Texas
Online: STILLMAN, JAMES
</A>-----
STILLMAN, JAMES (1850-1918). James Stillman, son of Elizabeth Pamela
(Goodrich) and Charles Stillman,qv was born on June 9, 1850, at
Brownsville, Texas. He took over his father's financial and mercantile
empire in New York, Texas, and Mexico in 1872 and turned it into the
controlling interest in the National City Bank in New York and the most
powerful force in the development of the Rio Grande valley. He greatly
expanded the interests in Texas that he inherited from his father. His
Texas holdings included the bonds of sixteen banks; control of
land-development companies in the lower Rio Grande valley,qv Corpus
Christi, and Kerrville; an interest in the Swenson Ranch; and, with the
other three members of the "Big Four"- W. H. Harriman, Jacob Henry
Schiff,qv and William Rockefeller-control of most Texas railroads. The
Big Four served as directors under his chairmanship on the board, put
together by Stillman, of the National City Bank. They controlled the
Texas and Pacific, the Southern Pacific, the International-Great
Northern, the Union Pacific Southern, the St. Louis, Brownsville and
Mexico, and the Mexican National, which ran from Corpus Christi to
Mexico City and from the St. Louis, Brownsville and Mexico terminus on
the border at Brownsville to the Mexican capital.

In 1876 Stillman supported the successful Revolution of Tuxtepec,
conducted by Mexican general Porfirio D�az from Brownsville, which
resulted in the overthrow of the Mexican government. D�az's partisans
called themselves the "railroaders." During the fighting Stillman
purchased 100 percent of the riparian rights to the Rio Grande at
Brownsville and up the river for an indeterminate distance. He sold
two-thirds interest in those rights to the Mexican National Railroad in
the 1890s. In 1880 Stillman, his employee Thomas Carson, who was the
mayor of Brownsville, James Belden, and other Brownsville men received
the concession from the Mexican president for the railroad to be built
from Matamoros to Monterrey, where Stillman and Belden had large
investments. During the twentieth century Stillman's enormous properties
along the border were developed and sold by the American Rio Grande Land
and Irrigation Company of Mercedes, a confidential subsidiary of the
National City Bank. Although Stillman's interests became global and he
held more than 20 percent of the stock in the world's largest bank, he
retained his father's $200,000 share in George W. Brackenridge'sqv San
Antonio National Bank throughout his life. He used that and his father's
long ties with Brackenridge to develop property in West Texas and
Mexico. His heirs expressed surprise when Brackenridge's will returned
the $200,000 to them; they had apparently lost track of it. Stillman's
two daughters married sons of his lifelong close friend William
Rockefeller, the chairman of the board of the Standard Oil Company.
Stillman died on March 15, 1918, in New York City.

BIBLIOGRAPHY: John K. Winkler, The First Billion: The Stillmans and the
National City Bank (New York: Vanguard, 1934).

John Mason Hart
-----
Aloha, He'Ping,
Om, Shalom, Salaam.
Em Hotep, Peace Be,
Omnia Bona Bonis,
All My Relations.
Adieu, Adios, Aloha.
Amen.
Roads End
Kris

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