The inside history of the Carnegie Steel Company, a romance of millions . , when a couple of small barges loadedwith it were floated down the Ohio to Cincinnati. There thefurnace men looked on it with suspicion and called it was sold in small lots at eight cents a bushel; and a largequantity remained after three weeks effort to dispose of remainder was finally traded for a small patent grist-mill,which was brought to Connellsville, and turning out to be afailure, was there sold for $30. But the foundryman who got the coke afterwards thoughtwell enough of it to make a trip to
The inside history of the Carnegie Steel Company, a romance of millions . , when a couple of small barges loadedwith it were floated down the Ohio to Cincinnati. There thefurnace men looked on it with suspicion and called it was sold in small lots at eight cents a bushel; and a largequantity remained after three weeks effort to dispose of remainder was finally traded for a small patent grist-mill,which was brought to Connellsville, and turning out to be afailure, was there sold for $30. But the foundryman who got the coke afterwards thoughtwell enough of it to make a trip to Connellsville to get this he was disappointed. No one was willing to repeat theexperiment, for a time at least. In 1850 there were only fourestablishments making coke in the whole of the United i860 the census shows that there were twenty-one suchestablishments, all in Pennsylvania; and ten years later, whenFrick had already appeared on the scene and had become inter-ested, there were but twenty-five coking plants in the country. 172 HEXRY CLAY PRICK. Coke-ovens under construction. In 1871 young Frick organized the firm of Frick & Co. withAbraham O. Tintsman, one of his grandfathers partners, andJoseph Rist. They had three hundred acres of coal lands anda plant of fifty coke-ovens. At this time there were not four hundred ovens in the wholeConnellsville region, whichincluded an area of onehundred square miles. - TheMount Pleasant and BroadFord Railroad, of whichFrick was one of the pro-jectors, was opened aboutthe same time. The nextyear Frick & Co. erectedone hundred and fifty moreovens. Then the panic of 1873 came, and everybody but Frickthought the business had come to an end. But he had gaugedits possibilities; and, with a confidence in the countrys growthrare; in one of his years, he realized that the depression was ofthat tidal character which would eventually carry the businessto higher levels than before. Timid competitors anxious tosell out at any pr
Size: 1736px × 1439px
Photo credit: © The Reading Room / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: ., bookcentury1900, bookdecade1900, bookidinsidehistor, bookyear1903
