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 > Illinois Steel Co  :     Previous  1 - 2 - 3 - 4 - 5 - 6 - 7  Next

 Consolidations : Illinois Steel Company 

Page entitled : John Warne Gates and Illinois Steel

Content of this page is about :
How Jay C. Morse sought John W. Gates to lead the Illinois Steel Company through the recession and about the plans to merge with the Minnesota Iron Co

Extract :
... he founded the Minnesota Iron Company and built the Duluth & Iron Range Railroad to carry his ore to Lake Superior, from where it could be shipped to the steel plants on the Great Lakes. After initial difficulties, this enterprise started to yield in 1885/86, when H.H. Porter and his partners entered the scene and put pressure on  ...


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