The Alaska daily empire., 1919-12-04
PRICK AND HIS QUARREL WITH ..-.-. |. NJ
. CARNEGIE

Henry Clay Flick who died the other day within a few days of seventy years of age-the roth ami versary of his birth comes on the 18th of December was one Of the, most, remarkable of Americans, The son tof an improvident farmer he reared by his bkternai grandfather, 3dstiller in the small Western Pefinsyivana village Of West Overton. He became his erandfathers bookkeeper Before com pleting his he began working for company of coke dealers later becoming Pittsburgh agent foI the company. Noting the coming demand for coke by the iron and steel masters, he secured interests in coke ovens, and pressed the business until he gained the confidence of Pittsburgh bankers who let him have the money which resulted in his becoming the greatest coke manufacturer of the country b! the time thirty.
 Among those who became stockholders in Frcl and Company the Carnegie Brothers. Later Prick exchanged stock with the Carnegies bringing about a merger of the Carnegie and Prick interests, and for twenty years Carneges and Prick worked together in complete harmony, developing the great est steel and coke business in the world
 Then of the most famous of all guar res between partners. quarrel that continued until the end 1t started in the belief the part of MT. but lhas profits wele going to the casnegies There is question but that Prick had added tre- mendousy~ to the wealth strategic positions Of the companies when he built thef Union Railroad connecting the steel and coke plants, and again when he negotiated the purchase of the famous Mosab ore fields Lake Superior Mir. Prick conceived the idea of getting the Carnegies out of the stee 
 second largest of socks and with the coopera tion of E. Fl. Moore and others MT. Prick asked Mr Carnegie for option his interests. MT. Carnegie demanded $1,000,0 900 for ninetyday option and named $157 900 in cash and bonds for his entire holdings. This price with the additional cost of the stock of the other partners in the Carnegie brought the of MT. Tricks scheme close $250 00J 900. The matter taken to J. P. Morgan who not impressed with the idea. The plan collapsed, MT. Tricks option expiring at cost of million dol lars which Mr. Carnegie pocketed This tho first failure Mir Prick had known but it was also blow to Mr. Carnegie for the failure of the Flick. syndicate left him in the position of having been On thes market with his Holdings which appar- e,lly could be sold. It is said that Andrew Car nesIe dropped word to Morgan, blocking the deal and that Prick knew 1t and forgave him for it.
 Mir. Carnegie became very bitter and tried to ohst MT. Prick entirely from the steel business They de veloped quarrel with many notifications: Mir Carnegie sought te have the Board of Managers de- clare M. Bricks stock forfeited at par value. MT Prick Sreped with "a suits of Injunction to prevent this donscaion of his stock. but it finally set tied out of court by the reorganization of the Car negie Company, which made several Pittsburgh mil lionaires over night. It made MT. Prick of the ing to him when Carnegie with the aid of Charles M. Schwab. succeeded in interesting Mir. Morgan in the scheme he had previously rejected, and out of this the financing of the United States Steel Corporation in 1901. By this again, MT. Tricks