The Birmingham age-herald., 1915-10-16

ccula not be brought into a single con-
 bLation because they are competing con-
 cerns.
 But recognition of the federal law and
 reorganization and obedience to the law
 constituted only one feature of the reor-
 ganizing plan Marshall Field was the
 first to suggest that the Federal Stee,
 company, if 1t were to be successful, must
 De occupied with many things and not with few. It should make many com
 modities. It should be able to furnish
 the raw materials, so to speak. which
 would enter into the manufacture of ap- paratus even so delicate as that required Tn the making of needles or pins or fish hooks It should also manufacture other commodities of large size. It should not
 undertake to make pins or needles or other finished products made by other
 manufacturers, but should furnish the material which these other manufactur.
 CTS could use
 Tn this way it could constantly employ large body of salesmen In the first years of the fife of the Federal Steel company. it's salesmen had much idle time. since they had only one commodity, or In all only five or six commodities, to sell. But if they were able to offer many kinds of commodities, then they would be likely to find constant employ ment which would be remunerative to the company.
 There was another subject that entailed prolonged study. It related to the best was to secure the organizations which would manufacture the many and various commodities which were contemplated. Only few months before MT. Ream s death he said that there was no question about securing capital enough for the needs of the reorganized Federal Steel company but that 1t was an entirely diff rarf ,,,n fi,n hnxxr hac rA l,A subsidiary concerns. Some years would be required to organize and build up sub sldiary companies of this kind. There were, however, independent organizations. each putting out commodities which dif- fered from those manufactured by other industries. These were. of course. com paratively speaking, small. But they did possess effective organizations and that was something that was necessary If the Federal Steel organization was to be suc- cessful
 Mir Ream said that it was organization well established and satisfactorily con- ducted which those who were contemplat- ing the rebuilding of the Federal Steel company wanted to secure. They did se- cure these various independent organiza- tions, none of them competing with any of the others. When this was done the expansion of the Federal Steel company was perfected, but it was speedily realized that a great opportunity existed. It lay in the chance to construct larger organ ization upon the lines worked out by MT. Field, MT. Ream, MT. Porter and, lit- tie later, MT. Prick and MT. Morgan. It was this which led to the organization of the United States corporation. Those who organized this corporation were of the opinion that the day was not distant when another combination representing various steel industries which were nom would be made, not being at all apprehensive that combination ofI that kind would be harmful to the United States Steel company. Such a combna ton appears now to have been perfected through the combination which has made the new Midvale Steel company one of the greater industries of the United States.