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INFANCY

His next enterprise was the purchase of the Homestead Steel Works—his great rival of Pittsburg. By 1888, he had built or acquired seven distinct iron and steel works. All the plants of this great firm are within a radius of five miles of Pittsburg. In no other part of the world can be found such an aggregation of splendidly equipped steel works as those controlled by Carnegie and his associates. It now comprises the Homestead Steel Works, the Edgar Thompson Steel Works and Furnaces, the Duquesne Steel Works and Furnaces, all within two miles of one another; the Lucy Furnaces, the Keystone Bridge Works, the Upper Union Rolling Mills, and the Lower Union Rolling Mills.

In all branches, including the great coke works, mines, etc., there are employed twenty-five thousand men. The monthly pay roll exceeds one million, one hundred and twenty-five thousand dollars, or nearly fifty thousand dollars for each working day.

“You believe in taking active measures,” I said, “to make men successful.”

“Yes, I believe in anything which will help men to help themselves. To induce them to save, every workman, in our company, is allowed to deposit part of his earnings, not exceeding two thousand dollars, with the firm, on which the high interest rate of six per cent. is allowed. The firm also lends to any of its workmen to buy a lot, or to build a house, taking its pay by installments.”

“Has this contributed any to the success of your company?”