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 > Reid-Moore  :     Previous  1 - 2 - 3 - 4 - 5 - 6 - 7 8  Next

 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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