The Age of Big Business: A Chronicle of the Captains of Industry — John Shaqi
The Age of Big Business: A Chronicle of the Captains of IndustryHendrick, Burton Jesse
History
The Age of Big Business: A Chronicle of the Captains of Industry
Hendrick, Burton Jesse
Big business -- United States -- History; Industries -- United States -- History
Though the Bessemer process made possible the production of steel by
tons instead of by pounds, it would never in itself have given the
nation its present preeminence in the steel industry. Iron had been
mined in the United States for two centuries on a small scale, the main
deposits being located in the Lake Champlain region of New York and
in western Pennsylvania. But these, and a hundred other places located
along the Atlantic coast, could not have produced ore in quantities
sufficient to satisfy the yawning jaws of the Bessemer converters. As
this new method poured out the liquid in thousands of tons, and as the
commercial demand extended in a dozen different directions, the cry went
up from the furnace's for more ore. And again Nature, which has favored
America in so many directions, came to her assistance. Manufacturers
in the steel regions began to recall strange stories which had been
floating down for many years from the wilderness surrounding Lake
Superior. The recollection of a famous voyage made in this region by
Philo M. Everett, as far back as 1845, now laid siege to the imagination
of the new generation of ironmasters. For years the Indians had told
Everett of the "mountains of iron" that lay on the Minnesota shore of
Lake Superior and had described their wonders in words that finally
impelled this hardy adventurer to make a voyage of exploration. For six
weeks, in company with two Indian guides, Everett had navigated a small
boat along the shores of the Lake, covering a distance that now takes
only a few hours. The Indians had long regarded this silent, red iron
region with a superstitious reverence, and now, as the little party
approached, they refused to complete the journey. "Iron Mountain!" they
said, pointing northward along the trail--"Indian not go near; white man
go!" The sight which presently met Everett's eyes repaid him well for
his solitary tramp in the forest. He found himself face to face with a
"mountain a hundred and fifty feet high, of solid ore, which looked as
bright as a bar of iron just broken." Other explorations subsequently
laid open the whole of the Minnesota fields, including the Mesaba,
which developed into the world's greatest iron range. America has other
regions rich in ore, particularly in Alabama, located alongside the
coal and limestone so necessary in steel production; yet it has drawn
two-thirds of its whole supply from these Lake Superior fields. Not only
the quantity, which is apparently limitless, but the quality explains
America's leadership in steel making.
Public-domain text, read in full here on John Shaqi.
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