The inside history of the Carnegie Steel Company, a romance of millions . he y\llegheny Valley Railroad. Mr. Stewart was also presi-dent of the Columbia OilCompany, of which had been one ofthe original organizers;but making over his stockto Andrew Carnegie, did not materiallybenefit by the fabulous made AndrewCarnegie rich. On mentioning thescheme to his neighbors,whose connections with therailroads made their co-operation especially desir-able, Coleman readily ob-tained the adhesion of bothStewart and Scott. At thesame time young Carnegiebrought the proj
The inside history of the Carnegie Steel Company, a romance of millions . he y\llegheny Valley Railroad. Mr. Stewart was also presi-dent of the Columbia OilCompany, of which had been one ofthe original organizers;but making over his stockto Andrew Carnegie, did not materiallybenefit by the fabulous made AndrewCarnegie rich. On mentioning thescheme to his neighbors,whose connections with therailroads made their co-operation especially desir-able, Coleman readily ob-tained the adhesion of bothStewart and Scott. At thesame time young Carnegiebrought the project to theattention of his brother, who lived in New York and wasengaged in various construction companies and similar elder Carnegie strongly opposed it, and refused to con-nect himself with it in any way. It conflicted with his theoryabout the unprofitableness of pioneering. Tom then soughtthe co-operation of Mr. David McCandless, one of the mostprominent merchants of Pittsburg, and vice-president of theExchange National Bank. Mr. McCandless had known the. WILLIAM COLEMAN, Who, with his son-in-law, Thomas M. Car-negie, founded the Edgar Thomson SteelWorks. CARXEGIKS BEL ATI-: I) ZEAL 75 younger Carnegie since childhood through his connection withthe Swedenborgian Church, of which all the Carnegies weremembers; and being familiar with the excellent work he haddone during the early struggles of the Union Iron Mills, heconsented to join him and Coleman in the new venture, pro-vided that his friend William P. Shinn was taken into the firmand made treasurer of it. In the spring of 1872 Colonel Scott, who was ever seekingto put profitable things in the way of Andrew Carnegie, hadhim commissioned by President J. Edgar Thomson, of the Penn-sylvania Railroad, to go to Europe to market a block of thebonds of a new railroad which was to run to Davenport, sailed in April, and was successful in selling ;$6,ooo,-000 of the bonds. His aggregate commissions—for he
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