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Don José de Salamanca, 1860. Creator: Unknown
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Don José de Salamanca, 1860. Creator: Unknown
Don Jose de Salamanca, 1860. A...capitalist, one of the most eminent of railway-contractors...he became a member of the Spanish press, in connection with the Advisador Malagueno...[He then joined] the Cabinet of Queen Christina as Finance Minister, and the capacity which he brought to monetary affairs is thought by some to have imparted the first impulse to the astonishing resuscitation of Spain. In the present day, if there be any comprehensive enterprise in that country, its success is deemed certain so soon as Don Jose de Salamanca takes it under his patronage. Spain has been languishing for the new network which forms the means of communication in other countries, and it is Salamanca who is developing it...One small railway, realising a profit of not less than £5000 a month, is said to be entirely his own. He has undertaken to establish the Santander, Lisbon, and Oporto line, which not only connect Portugal and Spain, but affords to the interior of the latter direct access to the chief Iberian ports on the Atlantic. He has been mainly instrumental in the formation of the line from New York, now an outport of European trade, to the Missouri by the Grand Trunk, of which the Atlantic and Great Western is the middle and completing portion'. From "Illustrated London News", 1860
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Media ID 36351136
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EDITORS COMMENTS
[Caption] This photograph captures the distinguished figure of Don José de Salamanca, a prominent Spanish entrepreneur and financier of the late 19th century. Known as a "capitalist, one of the most eminent of railway-contractors," Salamanca rose to prominence in various spheres, including the Spanish press and the court of Queen Christina. In the Spanish press, Salamanca was associated with the Advisador Malagueno, and later joined the Cabinet of Queen Christina as the Finance Minister. His expertise in monetary affairs is credited with providing the initial impetus for Spain's economic resurgence. In contemporary Spain, any comprehensive enterprise was considered assured of success once Salamanca lent his support. Spain had been lagging behind other countries in developing a modern transportation network, and it was Salamanca who was spearheading this effort. He was responsible for one profitable railway that generated a monthly revenue of not less than £5000. Salamanca also undertook the establishment of the Santander, Lisbon, and Oporto line, which not only connected Portugal and Spain but also offered direct access to the primary Iberian ports on the Atlantic. Moreover, Salamanca played a significant role in the formation of the line from New York to the Missouri via the Grand Trunk, with the Atlantic and Great Western serving as the middle and completing portion. This transatlantic railway connection expanded European trade to New York, which was then considered an outport. The photograph of Don José de Salamanca, taken in 1860, immortalizes the visionary leader who played a pivotal role in modernizing Spain's infrastructure and boosting its economic growth.
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