A Classification of American Wealth
History and genealogy of the wealthy families of America - Sponsors

 Part 1 : Colonial and Mercantile America  Part 2 : America in the Gilded Age
 Part 3 : America in the Twentieth Century  Encyclopedia of American Wealth

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  Part II-Chapter 1 : Trusts > Steel Kings > Andrew Carnegie  :     Previous  1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 -
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   Andrew Carnegie - iron industrialist and steel king

Page entitled : Easy money and new investments

Content of this page is about :
How Andrew Carnegie earned easy money from the Keystone Telegraph Co, increased his share in the Union Iron Mills and invested in the Lucy furnace

Extract :
... a project sponsored by several iron manufacturers of Pittsburgh, consisting of building a blast-furnace and producing pig iron for the concerned companies. Upon advice of William Coleman, an experienced iron master, co-founder of the Columbia Oil Company and father-in-law of Thomas M. Carnegie, they decided to build their own furnace ...


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