The story of Pittsburgh: Iron and steel

Iron and steel (Vol. 1, nr. 2)

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Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 1831622831

URN:: urn:nbn:de:zbw-retromon-239739

Document type:: Volume

Title:: Iron and steel

Volume count:: Vol. 1, nr. 2

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919

Scope:: [ca. 12] Seiten

Digitisation:: 2022

Collection:: Economics Books

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"DREW CARNEGIE has aptly been described as “the steel king,” and it must be acknowledged that if a citizen of a republic ever deserves a monarchical appellation, Mr. Carnegie did, judging by his achievements of industrial conquest, and the vast interests over which he ruled. His life will also be an incentive to action on the part of young men, for he fought his way up through innumerable obstacles, met with brilliant success, accumulated one of the largest fortunes of any age of the world, and set an excellent example for other opulent men, in his varied philanthropies and altruistic enterprises. Mr. Carnegie was born in Scotland, November 25, 1835, and died at his summer home in Lenox, Mass., August 11, 1919. He was 13 years of age when he came to Pittsburgh, with his parents. His first work was as a weaver’s assistant in a cotton factory in Allegheny, and his second job, undertaken when he was between 15 and 16 years of age, was that of tele- graph messenger boy in the Pittsburgh office of the Ohio Telegraph Co. Then he learned telegraphy, became an operator, and was among the first who learned to read “Morse” by sound. He received several promotions until he became superintendent of the Pittsburgh division. His first important step in manufacturing was forming a connection with Mr. Woodruff, the inventor of the sleep- ing car, in organizing the Woodruff Sleeping Car Co., gaining through this connection the nucleus of his fortune, which was increased by careful investments in oil lands. During the Civil War, Mr. Carnegie served as superin- tendent of military railways and Government telegraph lines in the East. After the war he went into the iron business, establishing the Keystone Bridge Works and Union Iron Works at Pittsburgh. A few years later he was the principal owner of the Homestead and Edgar Thomson Steel Works, and was the ‘head of the firms of Carnegie, Phipps & Co., and Carnegie Brothers & Co. These interests were consolidated in 1899 in the Carnegie Steel Co., which became merged with the United States Steel Corporation in 1901. On this date Mr. Carnegie retired from business. He sold his interest in the Carnegie Steel Co. for $303,450,000 in bonds of the United States

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