Little Visits with Great Americans, Vol. 1 (of 2): Or Success, Ideals and How to Attain Them
History
Little Visits with Great Americans, Vol. 1 (of 2): Or Success, Ideals and How to Attain Them
Success; United States -- Biography; United States -- History -- 19th century -- Biography
“No; railway bridges were then built almost exclusively of wood, but
the Pennsylvania Railroad had begun to experiment with cast iron for
bridge building. It struck me that the railway bridge of the future
must be of iron, and I organized, in Pittsburg, a company for the
construction of iron bridges. That was the Keystone Bridge Works. We
built the first iron bridge across the Ohio.”
His entrance to the realm of steel was much too long for Mr. Carnegie
to discuss, although he was not unwilling to give information relating
to the great subject. It appears that he realized the immensity of
the steel manufacturing business at once. The Union Iron Mills soon
followed as one of his enterprises, and, later the famous Edgar
Thompson Steel Rail Mill. The last was the outcome of a visit to
England, in 1868, when Carnegie noticed that English railways were
discarding iron for steel rails. The Bessemer process had been then
perfected, and was making its way in all the iron-producing countries.
Carnegie, recognizing that it was destined to revolutionize the iron
business, introduced it into his mills and made steel rails with which
he was enabled to compete with English manufacturers.
THE HOMESTEAD STEEL WORKS.
His next enterprise was the purchase of the Homestead Steel Works,—his
great rival of Pittsburg. By 1888, he had built or acquired seven
distinct iron and steel works. All the plants of this great firm are
within a radius of five miles of Pittsburg. In no other part of the
world can be found such an aggregation of splendidly equipped steel
works as those controlled by Carnegie and his associates. It now
comprises the Homestead Steel Works, the Edgar Thompson Steel Works and
Furnaces, the Duquesne Steel Works and Furnaces, all within two miles
of one another; the Lucy Furnaces, the Keystone Bridge Works, the Upper
Union Rolling Mills, and the Lower Union Rolling Mills.
[Illustration: INFANCY]
In all branches, including the great coke works, mines, etc., there are
employed twenty-five thousand men. The monthly pay roll exceeds one
million, one hundred and twenty-five thousand dollars, or nearly
fifty thousand dollars for each working day.
“You believe in taking active measures,” I said, “to make men
successful.”
“Yes, I believe in anything which will help men to help themselves.
To induce them to save, every workman, in our company, is allowed to
deposit part of his earnings, not exceeding two thousand dollars, with
the firm, on which the high interest rate of six per cent. is allowed.
The firm also lends to any of its workmen to buy a lot, or to build a
house, taking its pay by installments.”
“Has this contributed any to the success of your company?”
A STRENGTHENING POLICY.
Public-domain text, read in full here on John Shaqi.
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