The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1899-01-01
THE SALT LAKE HERALD SUNDAY, JANUARY !. 1892

Thursday one of the sweetest girls in
Pittsburg'
Nonsense. Andy" he said. Il can't
wait till Thursday. But who is this
charming LADY,
The very one of whom 1 have
spoken TO you" said 1.
I had learned from Miss Riddle some
days before that she was going to
Philadelphia. and as soon as got Colo
mel Scotts consent to wait over, l went
and told her of my plan. At first she
would have none of it. but l persuaded
her- l assured her she could rely on
my care not to place her in a false po-
sltlon ana finally she agreed. Well,
the. trip was made as 1 planned it, and
eventually Colonel Scott and Miss Rid
ole were married. She was a charming
girl and made him a good wife. And
that IS why say l was able TO do him
one good turn, anyway, in repayment
OF the many he did me.
was examining the railroad track
one day after my return to the service
OF the Pennsylvania Railroad COM
pany, when tall man with green
Dag IN his hand came up and asked
me II L was connected with the Penn
syivania Railroad company. When 1
said yes, he drew out the model OF a
sleeping berth and showed it TO me.
He did not need to explain it at any
great length L seemed to see its value
at flash. Railroad cars in which peo-
pie could sleep on long JourneyS-of
course, there We're no railroads across
the continent yet-struck me as being
the very thing for this land of magnifi-
cent distances. 1 told him I would
speak about this model TO Mr.. Scott
and l did so, enthusiastically. He did
not share my enthusiasm, but said /
might bring the inventor to see him.
SO l introduced Z. T. Woodruff, the
inventor OF the sleeping car And the
result was not only the building of two
trial cars, which were run over the
Pennsylvania railroad, but the forma
ton of sleeping car company, in
which l was offered an interest. 1
promptly accepted, although L didn't
quite know where my share of the cap
itai was coming from. But this. my
third business venture, found me con-
fident in my ability to overcome diff
culties. I had secured the money to
buy the Adams Express stock; 1 would
get the money to buy the sleeping car
stock.
But how? At last ! went to the
bank, and. telling the president the
exact facts, offered him my note for
$217.50-my share of the first payment
on the stock-if he would advance me
the money and let me pay him back
y
month. To my delight. he Datted me
on the back, said, You are all right,
Andy" and discounted my note. My
subsequent payments for stock in the
Woodruff Sleeping Car company L was
enabled to meet without giving. any
more notes, from the receipts of the |
cars themselves. 1t was thus 1 made |
my first substantial capital
OPPORTUNITY IN OIL.
When | heard of the oil strike on the
Storey farm on Oil creek. l resolved
to invest in oil lands. L visited that !
famous well from which quantities OF |
oil were running waste into the creek. I!
The capacity of the well was several |
hundred barrels a day, but when my |
associates and / bought the farm, for /
TO- Geo. we had no confidence that thi
flow would continue, and built a pond /
big enough to hoid 100000 barrels. We !
ran our oil into this pond until we had |
run in several hundred thousand bar
rels, part of which. leaked and some
of which evaporated. Yet this invest !
ment of $4,000 paid us in one year
81 100000 in cash and dividends. and
the farm itself eventually became
on a stock basis. the sum of
s., 0000 coo.
START IN THE STEEL BUSINESS.
There were so many delays on rail
roads in those days from burned or
broken wooden bridges, that 1 felt the
day of wooden bridges must end soon.
Just as the day of wood burning loco
motives was ended Cast iron bridges.
thought, ought to replace them. so
organized a company, principally
from railroad men | knew to make
these iron bridges, and we called 1t
the keystone Bridge Works The de-
of this new company re-
quired my time, so l resigned from
the railroad service in 1861 | had
risen from telegraph operator to be SUI
perintendent of the western division.
no longer drew a salary; from chat
time on l was my own master.
In 1865 I returned to England. and
there I noticed that the railroads were
1iscarding iron rails and substituting
steel. The necessity for this had long
been impressed on me. and on railroad
men iii general. In fact. the PennSyi-
Tania company had, at my suggestion.
spent $4,000 on a process for harden
ng rails by carbon-precisely the
modern Harvey process, and very good
rails they were, too. But on my re-
turn from England l built at Pitts
burg plant for the Bessemer process
Of steel-making, which had not until
hen been operated in this country. and
started in TO make steel rails for Amer
can railroads. l bought the Home
stead works some time later. and by
SSS owned, with my associates. the
seven steel works in and about Pitts
burg which constitute the plant of the
-arnegIe Steel company. the monthly
output of which is 1000 tons of zig
ron. and 10000 tons of steel rails.
Concentration is my motto-first hon
esty, then industry, then concentration.
ANDREW CARNEGIE