Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1903-08-22
CARNEGIE AND FRlek.
Work Done by the Latter For
the Steel Company.
VICTOR OF HOMESTEAD STRIKE.

the Carnegie Steel COmpany's HIS
tory, Draws a Strong Contrast Be-
tween the Owner of sl1ibo Castle
and His Former business Associate.
"No great business has yet been built
upon the beatitudes, and 1t 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 its author,
James Howard Bridge, who was born
in England forty-five years ago, says
the New York Herald.
He was for a 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 "Tfium-
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 a labor of love it is
made certain that Mr.. Andrew Carne
gle Is not the sole object of Mr.. Bridges
affections
Throughout some $40 octave pages
the theme runs along without variation
be successful, somehow"-and in its
application to Mr.. Carnegie some very
unpleasant material is presented. The
action of the ironmaster toward his as
| r-ti fsE1l ar.lv Ir - ENr-io
through whom, as the work says, sue
cess was achieved, somehow" discloses
some curious ideas of business moral
| ity.
Wall street has experienced verita-
bic sensation in the appearance of Mr..
Bridges book. Copies of it have APP
peared on the tables of banks and
| bankers Offices from quarters I'M
known. 1t is u book which must have
cost thousands of dollars to prepare.
full levant morocco bound, made OF
| beautiful Japanese paper, copiOusly IL
| Illustrated with photOgravure plates, all
in the highest style of the printers art.
The first edition is said 10 have been
| limited to fifty copies at 500 each,
and second edition de luxe to 400
copies at n 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 its 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 a ton at time they were
costing the consumer S2S. One may
read of n division of profits running as
high as So 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 strong
bias appears evident from the very in
| PRODUCTION. In telling of his search for
material he says, Il found Andrew
| Carnegies own narrative the least
T trustworthy Of ALL He follows this
up with dedication: ITO recall their
| forgotten services this history of a
great business is dedicated-to the
memory of the men who founded it.
S1NCu II AAOll G1AAg hASdSACA anu " OAi
| it's 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
drew Kloman started a small forge at
| Girty's run, in Millvale, Duquesne Dor
Ough, Allegheny. He traces the COM
pany step by step down to the time
when 1t passed to the United States
| Steel corporation.
Great credit is given by the author to
Mr.. Frick for his work in the Carnegie
company. As to the growth of the COM
pany's earnings in later years and until
that preceding its absorption, the fol
lowing is the result:
Net profits of the Carnegie associations.
| Carnegie Bros. & Co. limited (to 1892,
| Carnegie, Phipps & Co, limited Ito 1899.
! and the Carnegie Steel company. limited
| (from July. 1892:
/ 1000 60 Z AZ ooo 1oos - oon oOo