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Stephen Smith and William Whipper: The Lumber Firm That Owned 22 Railcars and Ran Them Twice
Portraits of Stephen Smith and William Whipper. Combined graphic courtesy of Lancaster History. Stephen Smith image: Oil painting by James Stidun, courtesy of Historical Society of Pennsylvania Collection. Whipper image: Attributed to William Matthew Prior (1806 – 1873). Collection of the Fenimore Art Museum, Cooperstown, NY. Gift of Stephen C. Clark.
Yesterday's Architects

Stephen Smith and William Whipper: The Lumber Firm That Owned 22 Railcars and Ran Them Twice

Stephen Smith and William Whipper built Smith, Whipper & Co. into a lumber and coal firm grossing $100,000 a year with 22 privately owned railcars — and used the same asset base to move people north. A business analysis of open-access infrastructure, nominee control, and dual-use logistics.
By BEB Editors • 33 min read

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