United States Steel: A Corporation with a SoulCotter, Arundel
History
United States Steel: A Corporation with a Soul
Cotter, Arundel
United States Steel Corporation
In the middle of the nineteenth century American steel making was in
its infancy. In fact, this is also true of the steel industry of the
whole world, for it was about this time that William Kelly in America
and Henry Bessemer in England discovered what is known as the Bessemer
process, which made the metal available for the numberless commercial
uses to which it is now put. As late as the early sixties the idea
of using steel for railroad rails was scoffed at. In 1867 there were
only three Bessemer plants in this country and open-hearth, the steel
of to-day, was unknown. Great Britain supplied the world’s steel. But
shortly after the third quarter of the century was passed the United
States forged to the lead, and has held it ever since. In the year
1900 the steel production of this country was 10,188,329 tons, Germany
coming next with 6,645,869 tons, and Britain third with a production of
4,901,060 tons. In 1913 the United States produced 31,300,874 tons of
steel, or more than Britain and Germany combined. In 1917 production
was 45,060,607 tons, more than two thirds the world output. To-day the
rolling mills of the Pittsburgh district alone turn out more than one
third of the world’s steel.
The name of Andrew Carnegie is inextricably bound up with the history
of steel in the United States--and the world. “The Iron Master,” the
“Steel King”--by these names he was known, and he earned them. For
more than a quarter of a century Carnegie was the most important and
spectacular figure in the world of steel and his name will not be
forgotten so long as there is a rolling mill in Pittsburgh.
Carnegie’s rise from utter obscurity until he became the dominating
figure in the leading manufacturing industry of the world reads like
a page of fiction. Only the briefest sketch can be given here. Born
in Dumferline, Scotland, in 1835, the future Monarch of Steel came to
the United States with his father at the age of thirteen and began at
the bottom of the ladder, his first job being that of bobbin boy in a
cotton mill, for which he received a weekly wage of $1.20. Two years
later he became a telegraph messenger and later an operator for the
Pennsylvania Railroad.
The youthful Scot’s ability soon attracted the attention of Col. Thomas
A. Scott, head of that great railroad system, and he made Carnegie his
private secretary, thus giving him his first foothold on the ladder of
fortune.
Industrious and saving Carnegie was soon in the investor class and
when an opportunity arose to invest in what, it seemed to him, was an
attractive business he was able to seize it, purchasing a one-sixth
interest in the Iron City Forge Co. and becoming his own man.
Public-domain text, read in full here on John Shaqi.
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