The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1906-09-30
Men Andrew Carnege Put on Pathway to Millions
ALL AS Rule Were Poor Lads, Whose Abilities Had Yet
to Be DeveIoped

paying position in the civilized world
that of the president of the biIlion-dol-
lar steel trust.
II isS ~at common knowledge b~,t :: is
nevertheless true, that one OF the con-
ditions under which Mr.. Carnegie al
lowed his majority stock 10 be merged
into the United States Steel corpora
ton, was that he should be allowed TO
name the presidents OF the United
States Steel corporation for five years,
and that is how one of his young
partners" came to be at the head of the
steel corporation. and that's how
another of Carnegie's young partners"
is still at the head of the big steel
trust.
"a Man Whom No Woman Can
Touch"
William Ellis Corey was next in line
as one of Carnegie's young partners,
and he was quickly sent to the head of
the pile when Schwab rolled off. There
are those connected with the steel trust
who still smile when they recall the
speech Carnegie made dethroning
Schwab and elevating Corey. In part,
Carnegie said: Gentlemen, give you
here man whom no woman can touch
/ nominate as president of the United
States Steel corporation William Ellis
Corey" 4 @
In view OF the later Divorce develop
ments in which Corey was entangled.
the send-off which his mentor Mr.
Carnegie, gave Corey at the time OF his
elevation does appear to have been
ridiculous, but there is no doubt that
Mr.. Carnegie believed that Corey was
all he said he was.
Lunch With John w. Gates Costly,
Another of Mr.. Carnegie's young
partners, who gave some trouble TO the
Laird, but who did not stick long after
Mr.. Carnegie got TO him. is United
states Minister to Turkey John G.. A.
Leishman. Mr.. Leishman was once the
president of the Carnegie Steel COM
pany. One day he went to lunch with
John w. Gates, the Illinois steel man,
and that was the beginning of the end
for Leishman. also for w. p. Palmer.
who was assistant to Leishman, also
one of Carnegie's young partners, also
took his first pitch through that lunch.
Gates, II would seem, had a world of
pig iron TO unload and he foisted il off
on Leishman and Palmer. Gates knew
prices were going to slump, but they
did not. Leishman and Palmer had
played for good thing for Mr.. Car
negle, but instead they had squeezed
MIN. The amount of money this deal
cost Carnegie has never been made
known exactly, but il is known the |
next fast vessel from Europe brought |
Mr. Carnegie in person-to fire Leish- |
man and Palmer. which ne did.
Lawrence c. Phipps is another of the |
young men taken i'm early under the |
wing of Carnegie. Lawrence was the /
nephew OF Henry Phipps, the old side |
partner of Carnegie, and he was one |
OF the lads that Carnegie liked, and ne /
gave him lift. He is now living in
his palace in Denver.
Phipps" Marital Troubles Hurt.
The marital troubles OF Lawrence
rhlpps hurt Mr.. Carnegie, and when
ne former, couple of years since |
stole his two children from a New
York hotel and fled with them to Den
ier Mr.. Carnegie came to the front
ihd tried to effect a settlement be-
Ween Phipps and his beautiful wife.
u hart Mckee, another young and
FLOODED millionaire. was mixed in
his Phipps divorce affair, and this
'ase has been brought to mind afresh
~ the cumor from abroad that Mrs
eEls Mckee, who married j. Hart
dchee soon after Mrs. Phipps was di-
1850 - NOihAAlS W america 20 aDDlN
or divorce. II had been expected
hat Mckee would marry Mrs. Phipps
'ut he didn't. He may yet.
Another of the sudden millionaIres. -
maze so through a partnership with
AndreW Carnegie, and one who is still
Increasing his millions, though his
pendings are large, is Alexander r
'eacock of Pittsburg and New York
he wealth of Peacock is estimated at
100000. He treats II as huge Joke.
ma gets more fun out of his money!
han any other man known 10 Pitts
'urg. His sport is clean, and he Is a
'reat family man. Mr. Carnegie found
'eacock in a New York dry goods
tore while he and the now Mrs. Car
'egie were shopping for her wedding
A certain kind OF goods was
wanted, but it was not TO be found in
Jew York. ;
AS Salesman Peacock Was a Bird.
IN have the goods made for YOU.
DR.. Carnegie" said the bright young
ead salesman, and that caught the
cart OF Carnegie. He liked the way I
he young fellow went at things and
e didn't waste much time lifting that !
aleSndn 10 PittSburg, where he put
Inn as salesman for the Carnegie COM
any. IT wasn't long until the young ;
elbow showed himself q real salesman. |
re landed one contract for $4,000 tons :
I Steel rails from the Canadian Paci- {
c railroad a contract the firm had [
iven up hope Of getting, and again he /
old $1,000 tons of structural steel to I
ne builders OF the New York subway. I
hese were the largest two contracts $
yer landed by a salesman of the Car
egie interests.
f. I. f. Lovejoy of Pittsburg and of '
olorado Springs IS another who Jared
'ell at the hands of Mr.. Carnegie.
-artlng in as one of the young part I
ers. For many years Lovejoy was J
ecretary Of the Carnegie Steel com
any. Lovejoy's early life was humble. !
arnegie found him as a telegraph on
rator. Carnegie always had a weak
ess Tor telegraph operators, as he
-arted out that way himself. Loveioy Il
aving made his millions i'm iron and | L
EEL. is now heavily interested in min
Is In Colorado and in the Philippines.
S well as i'm giving Pittsburg a sub
ay. He is president of the Pittsburg
ubway company.
Thomas Lynch of Pittsburg. presi-
ent OF the II. G. Prick Coke company.
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