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A FORTUNATE LAND PURCHASE.

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“In company with several others, I purchased the now famous Storey farm, on Oil Creek, Pennsylvania, where a well had been bored and natural oil struck the year before. This proved a very profitable investment.”

“Were you satisfied to rest with these enterprises in your hands?” I asked.

“No; railway bridges were then built almost exclusively of wood, but the Pennsylvania Railroad had begun to experiment with cast iron for bridge building. It struck me that the railway bridge of the future must be of iron, and I organized, in Pittsburg, a company for the construction of iron bridges. That was the Keystone Bridge Works. We built the first iron bridge across the Ohio.”

His entrance to the realm of steel was much too long for Mr. Carnegie to discuss, although he was not unwilling to give information relating to the great subject. It appears that he realized the immensity of the steel manufacturing business at once. The Union Iron Mills soon followed as one of his enterprises, and, later the famous Edgar Thompson Steel Rail Mill. The last was the outcome of a visit to England, in 1868, when Carnegie noticed that English railways were discarding iron for steel rails. The Bessemer process had been then perfected, and was making its way in all the iron-producing countries. Carnegie, recognizing that it was destined to revolutionize the iron business, introduced it into his mills and made steel rails with which he was enabled to compete with English manufacturers.

Little Visits with Great Americans: Anecdotes, Life Lessons and Interviews

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