Biography -- Juvenile literature; Boys -- Biography
At this time something happened which did much to change his whole
life. Through the interest of his superintendent it became possible
for him to purchase ten shares in The Adams Express Company for five
hundred dollars. Andrew's business instinct led him to see that it
was a splendid opportunity, and his mother was just as anxious as he
was to make the venture. After a consultation they decided to
mortgage their little home and buy the shares. This little
transaction was destined to be the forerunner of many successful
business deals.
One day, while he was travelling on the railway, a man showed him the
model of a sleeping-car. Such things were at that time unknown, but
Andrew saw instantly that the invention was a good one, and made
arrangements for the inventor to meet the superintendent of the
railroad. The outcome was that a company was formed to build
sleeping-cars, and Andrew Carnegie was one of the number. Soon after
this he was made superintendent of the Pittsburgh division of the
Pennsylvania Railroad.
Not long after he was promoted to this position the company began to
make experiments with an iron bridge. Up to this time all bridges
had been built of wood. The experiments with iron proved successful.
There had been so much delay on the railways by the bridges being
broken or burned that the cast-iron bridges were welcomed. Mr.
Carnegie, with his keen business instinct, saw at once that iron
bridges must displace the wooden ones. He formed a syndicate known
as The Keystone Bridge Works, and his first undertaking was to build
a bridge with a span of three hundred feet over the Ohio River. Thus
began the work of iron and steel constructions which Mr. Carnegie
followed up until he became known throughout the world as the "Steel
King."
Before many years had passed Mr. Carnegie not only owned his own
immense iron and steel works, but also a fleet of steamers which were
used to transport the iron ore across the Great Lakes. He built his
own railroad to convey the ore from the lake ports to Pittsburgh, a
distance of 425 miles.
In 1900 The Carnegie Steel Company was organized with a capital of
one hundred million dollars. The enormous concern gave employment to
45,000 people. One of the plants alone covers an area of
seventy-five acres. It is no exaggeration to say that it is by far
the greatest manufacturing concern of its kind in the world. When
Mr. Carnegie decided to retire he sold out his interest in the steel
works for two hundred and fifty million dollars. It was said at that
time that he could give away thirty-five thousand dollars a day and
never touch his capital. For many years he gave large sums of money
for public libraries and other enterprises which seemed to him to be
deserving of assistance.
Public-domain text, read in full here on John Shaqi.
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