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 : John W. Gates forms American Steel & Wire

Content of this page is about :
How Gates strenghtend the Consolidated Steel & Wire Co by acquisitions, weakend the competitors by a price war and eventually founded a greater combination 

Extract :
... John Warne Gates launched a campaign of his own, proposing consolidation under the mantle of one giant corporation, the American Steel & Wire Company, to the various producers of wire rod, steel wire, wire-nails and other wire products. He re-engaged ‘Judge’ Elbert Henry Gary, a director of the Illinois Steel Company to prepare the legal framework for the combination and together they approached  ...

 

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