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
Mining in Minnesota has a character which is not duplicated elsewhere.
When we think of an iron mine, we naturally picture subterranean caverns
and galleries, and strange, gnome-like creatures prowling about with
pick and shovel and drill. But mining in this section is a much simpler
proceeding. The precious mineral does not lie concealed deep within
the earth; it lies practically upon the surface. Removing it is not a
question of blasting with dynamite; it is merely a matter of lifting
it from the surface of the earth with a huge steam shovel. "Miners" in
Minnesota have none of the conventional aspects of their trade. They
operate precisely as did those who dug the Panama Canal. The railroad
cars run closely to the gigantic red pit. A huge steam shovel opens its
jaws, descends into an open amphitheater, licks up five tons at each
mouthful, and, swinging sideways over the open cars, neatly deposits its
booty. It is not surprising that ore can be produced at lower cost in
the United States than even in those countries where the most wretched
wages are paid. Evidently this one iron field, to say nothing of others
already worked, gives a permanence to our steel industry.
Not only did America have the material resources; what is even more
important, she had also the men. American industrial history presents
few groups more brilliant, more resourceful, and more picturesque than
that which, in the early seventies, started to turn these Minnesota ore
fields into steel--and into gold. These men had all the dash, all the
venturesomeness, all the speculative and even the gambling instinct,
needed for one of the greatest industrial adventures in our annals. All
had sprung from the simplest and humblest origins. They had served
their business apprenticeships as grocery clerks, errand boys, telegraph
messengers, and newspaper gamins. For the most part they had spent their
boyhood together, had played with each other as children, had attended
the same Sunday schools, had sung in the same church choirs, and, as
young men, had quarreled with each other over their sweethearts. The
Pittsburgh group comprised about forty men, most of whom retired as
millionaires, though their names for the most part signify little to
the present-day American. Kloman, Coleman, McCandless, Shinn, Stewart,
Jones, Vandervoort--are all important men in the history of American
steel. Thomas A. Scott and J. Edgar Thompson, men associated chiefly
with the creation of the Pennsylvania Railroad, also made their
contributions. But three or four men towered so preeminently above
their associates that today when we think of the human agencies that
constructed this mighty edifice, the names that insistently come to mind
are those of Carnegie, Phipps, Frick, and Schwab.
Public-domain text, read in full here on John Shaqi.
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