James E. Homans, editor

“ This was a process for eliminating debtor partners, such as Schwab and about thirty other junior partners — “young geniuses” — but it was not applicable to Frick or Phipps, who were paid-up partners. Carnegie, though, by expunging minutes on the books of the company and other acts of doubtful validity, hoped to adapt it to his scheme of including paid-up partners. Schwab, under Carnegie's domination, assumed the functions of Frick's attorney in the pretended transfer of Frick's interest to the company for $5,000,000 and payable on terms that approximated confiscation. ”

“ And the remainder of his tenure of general superintendent of both the Homestead and Edgar Thomson plants was free from further labor troubles and marked by a continuance of his good understanding with the workmen. He held the position of general superintendent of both the Edgar Thomson and the Homestead works until 1897. ”

“ In six months he became chief assistant engineer; from 1881 till 1887 he was chief of the engineers department; in 1887 he became superintendent of the Homestead Steel Works; in 1889 Frick appointed him general superintendent of the Edgar Thomson Works, and in 1892, upon the consolidation of all the Carnegie interests into the Carnegie Steel Company, Frick, as chairman, appointed him general superintendent of the Homestead works also. Schwab's appointment to this position, superseding Mr. ”