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Consolidations : Willam H. Moore
and John W. Gates
Page entitled : The
Moore-Gates group of steel trusts
Content of this page is about :
How William Henry Moore and John Warne Gates failed to finance a takeover of
Carnegie Steel and thus were displaced as corporate promoters by John
Pierpont Morgan
Extract :
... undeniable ability to raise
large amounts of capital in Chicago, William H. Moore and John W. Gates
lacked influence in Wall Street to finance such a large deal. As he had been
turned down by J. P. Morgan for his proposed steel wire merger and excluded
from the Federal Steel Company, which in 1898 had absorbed Illinois Steel,
of which he was president, ...
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