Iron mill

Definition and stakes

Joseph Husband,  Americans by adoption (1920)

“ Carnegie had already been active in the foundation of a mill for the production of structural iron; for three years the company had stood on the brink of failure; but Carnegie was not a “quitter,” and he hung on to his faith. Now, with his brother and several other partners, he formed the Union Iron Mills. The profits were enormous. Vast railroad development throughout the country required rails and structural iron. Steel rails were worth from $90 to $100 a ton. The manufacture of steel seemed to offer even greater prospects than iron. ”
Source: Gutenberg

Portrait of Garet Garrett Garet Garrett,  The Cinder Buggy: A Fable in Iron and Steel

“ Yet he had no impulse to change them. They were unfair because nothing was made of those two intangible assets which [58] sometimes in business are worth more than the physical properties—namely, spirit of organization and good will of trade—all of which would automatically belong to the one who bought out the other’s interest in the mill. This was so because the mill was now the crown of the business. What the firm sold was no longer pig iron, as at first, but wrought iron in standard bars manufactured from the pig by remelting, kneading, hammering and rolling it. ”
Source: Gutenberg

Mrs. Vincenzo Botta,  Appletons' Cyclopædia of American Biography (1900)

“ Carnegie was subsequently associated with others in establishing a rolling-mill, and from this has grown the most extensive and complete system of iron and steel industries ever controlled by an individual, embracing the Edgar Thomson steel works, the Pittsburgh Bessemer steel works, the Lucy furnaces, the Union iron mills, the Union mill (Wilson, Walker & Co.) ”
Source: Wikisource

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