United States Steel: A Corporation with a SoulCotter, Arundel
History
United States Steel: A Corporation with a Soul
Cotter, Arundel
United States Steel Corporation
The choice for the presidency of a new export organization fell upon
James A. Farrell. He was suggested and his appointment advocated by
the chairman. He was the man fitted preëminently for the job and his
selection was more or less inevitable. It is generally recognized that
no individual in the steel industry possessed so wide a knowledge of
the extent, character, and requirements of world markets as he does.
In 1903, when he became president of the Corporation’s new export
subsidiary, the country’s foreign trade in iron and steel was a little
more than 300,000 tons. In 1917 it was 6,268,514 tons.
For many years, during which there had been little disposition on the
part of American steel makers seriously to cultivate markets abroad,
Farrell’s entire time and energy had been devoted to that end. A man
with the genius that is “an infinite capacity for taking pains,” he had
developed a thorough knowledge of competitive conditions affecting
steel in every part of the world where the metal was used. He had
become, and still is, a walking encyclopedia on all matters relating
to the exportation of steel, carrying in his head details of freight
rates, steamship facilities, duties, and so on, at and between all
important and many unimportant points. His facility in reeling off from
memory these facts and figures, as displayed when he was called as a
witness for the defence in the Federal suit since dismissed by the
Supreme Court for the dissolution of the Steel Corporation, earned him
the soubriquet of “the man with a head full of figures,” a not inept
title.
And indeed, no more striking exposition of the wide scope of the export
market for steel made in America which has been developed within
the past sixteen years has ever been given than was embraced in his
testimony on the occasion mentioned. His statement which, incidentally,
consumed nine days, was a remarkable story of business achievement.
He showed that the exports of the Corporation were of a variety as
miscellaneously wide as was their distribution, ranging from cotton
ties for Egypt to highway bridges for Iceland; from wire products
for the Holy Land to light rails and pipes for the diamond mines of
the Transvaal; from galvanized sheets for the houses of the Borneo
natives to the steel skeleton work for some of Buenos Aires’ large and
beautiful buildings; in fact, everything made of steel was shipped
“from Greenland’s icy mountains to India’s coral strand.”
Farrell is one of the men of which the steel trade furnishes so many
examples, men who have worked their way up from the foot of the ladder
to the highest places in the industrial and commercial world. Born at
New Haven, Conn., on February 15, 1863, he started his working career
as a laborer in a wire mill in his home town while yet in his teens--at
the age of fifteen and a half. But it was not long before he was doing
skilled work, and from this it was, for Farrell, an easy step to a more
responsible position.
Public-domain text, read in full here on John Shaqi.
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