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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 United States Steel Corporation

Page entitled : Andrew Carnegie's price for the steel merger

Content of this page is about :
How Andrew Carnegie asked for $480 million to sell the Carnegie Steel Company and how J. P. Morgan accepted his price, ebbing the way for the steel mega-merger

Extract :
...  J. P. Morgan immediately gathered the relevant capitalists who controlled the US steel industry and started to calculate and then negotiate the conditions of transfer for each firm’s securities. The inner circle of capitalists on which Mr Morgan relied to finance the deal were Henry H. Rogers, Darius Ogden Mills, Marshall Field, Norman B. Ream and Henry H. Porter. Later Peter A. B. Widener as well as Henry C. Frick joined that group and John D. Rockefeller   ...

 

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