The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1906-12-30

take care Of themselves, and that tn
was money enough to be had by ma |
featuring and selling the steel.
"Oliver is an enthusiast said
cannie Scotchman, who could be as
thusiastic as ever a man that Ii
when it was matter of making
trade. But the enthusiasm of Oil :
was infectious. Moreover, he had b
tremendously successful with his {
steel company and in his operations
the older ranges-a success which
was in fair way to duplicate on
Mesaba. The cables were burned y :.
messages to Carnegie and he cap
lated. When he came in. he came
great factor. He bought right and
through and with Oliver.
The advent of the big interests
brought about vast improvements
the methods of mining and transpo
ton. Captain Sellwood had inver
the milling process for mining, VIII
by the ore was taken out from bene
the deposit, and loaded directly
cars by gravity. The stripping pro-
had been put into use in the great :
posits lying close to the surface, wi
the earthly covering could be taken
and the cars run into the open
Specially constructed ore cars were
on the Iron Range and Mesabe RI
and the grade permitted the loaded
to be run down hill practically al
the distance to the tops of the e:
docks. where it was loaded into 8
again by gravity and at speed wi
minimized the loss of time--an es
tial consideration with the short "
ing season. The production of :
ranges ran into the tens Ct million
the nineties and still the demand
the ore was not caught up with.
\ !. !:
The contending interests did
make for the best conditions on
range. There was too much frictio
the feverish activity of the opera
corporations to permit of the best
suits being obtained. The rivalry
the big concerns which had come
possession of large interests did -
help the independent mine owner
operator. There was an irreguls |
in the production that made the ma !
variable. Carnegie was not at p !
with the industrial world. He wa
open war with some of the biggest
makers and was threatening to
competing mills. The range had |
pretty fully explored and opened I
a large extent, and it was apparen |
the big men Of broad Judgment that !
assemblage Of the contending int: |
into a body that might be directet-e
combined and reciprocal intellig
was necessary to the economical ad
istration of the vast resources that |
available. ,a |
Peace came to the steel world "
in 1901, the United States Steel !
poration was formed Of the proc! |
of it's formation the writer knows ]
ing. There has been much written
printed about it by persons who !
fabric of more or less fctional rea
matter with wool garnished with
ures that ran far into the hundred :
millions. Men who Judged Of the
sibilities of the newborn corpor:s
from what they had been told of :,
prices that were put upon the PR
ties taken in were not slow to de-
that the corporation would fall o.
own weight; that it would lack tn
hesive qualities necessary to the SUI
Of a great corporate institution.
did not know the resources Of
Of brains nor appreciate the prac
homogeneity of the interests assem-
Putting aside the attractions Of
magnitude Of the enterprise that
the attention of the world and goi1
the purposes of the corporation it
be said that it was, after all, but
unifying Of number Of concerns
gagged in practically the same bust :
The intelligence that was being
in devising means for successful
peting with other ore-producing, Z
porting and manufacturing inte
was, by the organization Of the