Thomas A. Scott | |
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Born | |
Died | May 21, 1881 Darby, Pennsylvania, U.S. | (aged 57)
Resting place | The Woodlands Cemetery, Philadelphia, Pennsylvania, U.S. |
Occupation(s) | Railroad executive, politician |
Years active | 1850sā1880s |
Known for | 4th president of the Pennsylvania Railroad United States Assistant Secretary of War Compromise of 1877 |
Spouse | Ann Dike Riddle (m.1861) |
Children | 3 |
Signature | |
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Thomas Alexander Scott (December 28, 1823 ā May 21, 1881) was an American businessman, railroad executive, and industrialist. In 1861, President Abraham Lincoln appointed him to serve as U.S. Assistant Secretary of War, and during the American Civil War railroads under his leadership played a major role in the war effort. He became the fourth president of the Pennsylvania Railroad (1874ā1880), which became the largest publicly traded corporation in the world and received much criticism for his conduct in the Great Railroad Strike of 1877 and as a "robber baron." Scott helped negotiate the Republican Party's Compromise of 1877 with the Democratic Party; it settled the disputed presidential election of 1876 in favor of Rutherford B. Hayes in exchange for the federal government pulling out its military forces from the South and ending the Reconstruction era. In his final years, Scott made large donations to the University of Pennsylvania.