. Review of reviews and world's work. railsin cars standing outsiile the mill. Althoughthey are sold to the railroads at less than a centand a half per pound, yet suine of the railroadcompanies have gone into the rail business inonier to save the j)rofit and reduce tlie price ofrails in the market. The Carnegie Steel Com-j)any, now a part of theKnited States Steel Cor-poration, built a railroa<lto Lake Erie, sonn; yearsago, to save freight on theirlake ores. As the conflictof freight interests led tothe formation of the greatSteel Corporation, so thecompetition in rail manu-facture may caus
. Review of reviews and world's work. railsin cars standing outsiile the mill. Althoughthey are sold to the railroads at less than a centand a half per pound, yet suine of the railroadcompanies have gone into the rail business inonier to save the j)rofit and reduce tlie price ofrails in the market. The Carnegie Steel Com-j)any, now a part of theKnited States Steel Cor-poration, built a railroa<lto Lake Erie, sonn; yearsago, to save freight on theirlake ores. As the conflictof freight interests led tothe formation of the greatSteel Corporation, so thecompetition in rail manu-facture may cause the lat-ter to purchase and buildrailroads in order to se-cure a market for its prod-ucts. These great interestsmust ultimately come tosome understanding. Itseems likely that they willeither consolidate, or thateach will agree to remainin its own particular original HomesteadW o r k s were erected in TIIK (iKEAT FIKNACES l)F THE UlyUti^SNE HI,ANT. 1^80—81 by tllC Plttsburg 56 THE AMERICAN MONTHLY REI/IEIV OF REI^ A BESSEMEIl CONVERTER. Bessemer Steel Company, composed of severalindependent manufacturers of Pittsburg. Itconsisted of two small converters and a rail millproducing about two hundred tons of rails perday. Owing to a very troublesome strike andthe depressed condition of the steel business,the plant was sold to the Carnegie Company, in1883, at a very low price. The speedy revival of business enabled thenew owners to pay for the plant in a few years,and to add one new machine after another tomeet the ever-increasing consumption of present, the 140-incli plate mill can make .500tons of plates per day. The Bessemer convertersyield 425,000 tons of Bessemer -steel ingots,while the more recent basic open-hearth fur-naces, fed and served by powerful machines,produce annually ],.500,000 tons of steel of vari-ous grades. Here is made the nickel-steel armor-plate, whose mighty ingots, exceeding at timesone hundred tons, are handled with the greatest
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