The Authentic History of the United States Steel Corporation

The Authentic History of the United States Steel Corporation

Book - 2009
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Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: CHAPTER III EARLY HISTORY. 1901-1907. ECONOMY brought about by integration and in- J creased efficiency, and the development of a permanent and well cultivated export market for American made steel: these, briefly, were the objects for which, its organizers claimed, the United States Steel Corporation was formed., -J Hence it is but natural that the corporation's early history should concern itself chiefly with the attainment of these results, that it should be a narrative of the steps taken to co-ordinate and harmonize the various units brought together in the new Colossus of Industry, of the work that had to be accomplished, the difficulties that had to be overcome to fulfill its raison d'etre and to bring it to the place it now occupies as the most important business enterprise in the world. For it must not be supposed that the mere merging of a number of corporations of different sizes and degrees of importance by the acquisition of their securities meant that the consolidated company was organized in the true sense. Indeed, the financial organization was the smallest part of the work to be done. As we have seen, the financial transaction that brought together the ten large steel companies forming the United States Steel Corporation was carried through within a few months and with comparatively little effort. Morgan waved his magic wand, lent his power and his name, and the thing was virtually done. But what might be called the physical organization was a bigger task, and it took years to accomplish. And it would not be too much to say that the success of this physical organization has been the measure of the success of the Steel Corporation. Of all the dangers that beset the path of the new corporation the greatest was the fact that it was not an operating compan...
Publisher: LaVergne, TN : General Books, 2009.
ISBN: 9780217620826
Characteristics: 149 p. ; 23 cm.

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