Word: mesabi
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Dates: during 1930-1939
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...Congress was of a different mind. In 1855 the first locks were completed and passed sailing ships carrying 1,447 tons of ore. Boomed by the Civil War, iron mining spread into new ranges in the West. In 1892 the greatest iron producer in the world, the Mesabi Range, was laid open to the grunt and whoosh of steam shovels...
...with Manhattan's James Butler Grocery Co., which last week offered to sell its 483 stores to their 483 managers, or with St. Paul's Butler Brothers, one of the few remaining independent iron mining companies in the U. S. Operating in Minnesota's ore-laden Mesabi and Guyana Ranges, this Butler Brothers was founded by five sons of an Irish immigrant father. The sixth son is U. S. Supreme Court Justice Pierce Butler...
...when buying the company to found U. S. Steel. Mellon and Frick lost $1,170,000, the price they had paid Carnegie for the option. Angered, they started Union Steel Co. which promptly began to expand, bought or built blast furnaces, bar, wire, tube, plate mills; went to Mesabi for ore. Mellon provided customers for Union Steel: he started New York Shipbuilding Co. (see p. 41) at Camden and Standard Steel Car. He backed two young men and took a 60% interest in McClintic-Marshall Construction Co. Meantime U. S. Steel had been formed. When Union Steel announced plans...