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 > The Wire Trust  :     Previous  1 - 2 - 3 - 4 - 5 - 6 - 7 -
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 Consolidations : The Wire Trust 

Page entitled : Wire-nails and the Consolidated Steel & Wire Company

Content of this page is about :
How Gates and Edenborn succesfully diversified into the wire nail production and then merged their plants into the Consolidated Steel and Wire Company 

Extract :
... While cut nail producers, such as the La Belle Iron Works of Wheeling W.Va. were suffering deep losses and had to curtail their production, the cheaper wire nail manufacturers were still expanding and earning good money. But competition increased at the rate new producers joined in the lucrative trade and industry wide capacity was   ...

 

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