Morris tribune., 1903-08-15
CARNEGIE AND Prick.
Work Done by the Latter For
the Steel Company.
VICTOR OF HOMESTEAD STRIKE.

the Carnegie Steel COmpany's His
tory, Draws Strong Contrast Be-
tween the Owner of skibo Castle
and His Former Business Associate.
'No great business has yet been built
upon the beatitudes, and it is not all
cynicism that condenses negative dec
alogue into a positive exhortation to be
successful
The above is from the introduction
prepared for the History Of the Car
negie Steel Company" by it's author,
James Howard Bridge, who was born
in England forty-fve years ago. says
the New York Herald
He was for time private secretary
to Herbert Spencer and has written
much on subjects connected with the
study Of political economy. Mr. Bridge
assisted Andrew Carnegie materially in
the preparation of his book "Trium-
plant Democracy"
The work, in most elaborate style,
has recently been brought out for pri-
vate circulation by the Aldine Book
company. If it is labor of love it is
made certain that Mr.. Andrew Carne-
gle is not the sole object Of Mr.. Bridges
affections.
Throughout some 80 octave pages
the theme runs along without variation
-"be successful, somehow''-and in it's
application to Mr.. Carnegie some very
unpleasant material is presented The
action of the ironmaster toward his as
sociates, particularly Mr.. II. c. Frick,
through whom, as the work says, "suc-
cess was achieved, somehow" discloses
some curious ideas of business moral
ity.
Wall street has experienced a verita-
BILE sensation in the appearance Of Mr..
Bridges book. Copies of it have ap-
peared on the tables of banks and
bankers offices from quarters I'M
known. 1t is a book which must have
cost thousands of dollars to prepare,
full levant morocco bound, made of
beautiful Japanese paper, copiously H.
Illustrated with photogravure plates all
in the highest style of the printers art.
The first edition is said to have been
limited to fifty copies at 500 each,
and second edition de luxe to $50
copies at a cost of about $25.
To find such rare and beautiful books
insome cases donations has surprised
even Wall street bankers. Surprise
has given way to amazement as in
turning it's pages the readers have
found all sorts Of sensations staring
them in the face. The innermost Sc
crets Of the Carnegie Steel company
stand revealed to the light of day.
In the history of the Carnegie Steel |
company one may read Mr. Schwab's |
statement that steel rails could be pro-
duced at $12 q ton at time they were |
costing the consumer $28. One may |
read of division of profits running as
high as S8 per cent to the members Of |
the Carnegie association.
Mr.. Bridge, the author of the book,
was once private secretary to Mr. Car
negie. That he writes with a strong
bias appears evident from the very in
reduction. In telling of his search for
he says, 81 found Andrew
Jarnegie's own narrative the least
trustworthy of ALL" He follows this
lp with a dedication: ITO recall their
forgotten services this history Of a
great business is dedicated-to the
memory of the men who founded It.
'aved it from early disaster and won
is first successes
Mr.. Andrew Carnegie's name is not
included in this list.
Mr.. Bridges history of the Carnegie
company dates back to 1858, when An
rev Kloman started small forge at
1irty's run, in Millvale, Duquesne Dor
ugh, Allegheny. He traces the COM
ANY step by step down to the time
Vhen it passed to the United States
'teel corporation.
Great credit is given by the author to
If. Frick for his work in the Carnegie
ompany. AS to the growth of the COM
any's earnings in later years and until
hat preceding it's absorption, the fol-
,wing is the result:
Net profits of the Carnegie associations,
arnegie Bros & Co., limited Ito 1892,
OH 1A11ppS &c w. limited (LO 4cS6I1
nd the Carnegie Steel company, limited
rom July, 1922:
&c.. ...... $3,540O00 1895. S. 00,000
80. ......... 5,350,000 1886. 100000
91.......... 100000 1897. ....... 100000
92.......... 100000 1898. ....... 100000
100000 1899. ........ 100000
a. ......... 100000
Plus $4,000, 900 reinvested.
The work done by Mr. Prick during