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. ”
