Word: sheldon
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...lifetime was that hard-bitten old steelmaster honored by workers marching behind brass bands. Last week four little towns in the Allegheny Valley closed shop & school to turn out in personal tribute to the 75-year-old president of their local steel company, Allegheny Steel's Harry E. Sheldon. It was Constitution Day for the rest of the U. S., but for Tarentum, Brackenridge. Harrison Township and Natrona Heights, Pa., it was SHELDON...
...greatest throng in Valley history"-nearly all of Allegheny Steel's 7,000 workers and more than two-thirds of the entire population (37,000) of the Four Towns. A special train brought millmen from the West Leechburg Steel Co. plant, twelve miles away, which Steelman Sheldon acquired last July to expand his $24,000,000 company. On street corners the visitors paid 2? for a 42-page Sheldon Edition of the Valley Daily News, stuffed with local advertisements hailing the community's No. 1 industry and its boss...
...citizens who overflowed the bleachers, stood on the baseball diamond. On a platform draped with flags sat the guest of honor, surrounded by friends and microphones. Over a national hookup flowed the public voices of Lowell Thomas, Ford Bond, John B. Kennedy-a battery of radio talent extolling Mr. Sheldon's 35 years as boss of Allegheny. Civic representatives spoke in praise of Mr. Sheldon's benefactions. Telegrams and letters of congratulations were read from Weirton Steel's Ernest Tener Weir, Bethlehem Steel's Charles Michael Schwab, Pennsylvania Railroad's Martin Withington Clement. Said Radio...
...when Harry Sheldon started working at Leechburg in a steel mill of old Kirkpatrick & Co., there was no high school at Tarentum, nor had he ever seen the inside of one anywhere else. He got his start in the Episcopal Home for Boys at Lawrenceville, near Pittsburgh, emerging at 14 to a $2 a week job in a machine shop. With Kirkpatrick he worked up first to be a hammer man, then a roller, valuable and well paid. He began wearing gloves to work, drove his own carriage; married, in 1889, May Alice Hicks of Leechburg. He was moved...
When U. S. Steel absorbed Kirkpatrick, Sheldon and his well-to-do father-in-law put up $300,000 between them to form Allegheny Steel & Iron Co. with a small plant for producing specialty steel. Since then Allegheny Steel (which dropped the "Iron" in 1905) has lost money in only one year-1932. Hicks and Sheldon interests still own most of it. In 1923 Allegheny became the first commercial U. S. producer of stainless steel, licensed under German patents held by the Chemical Foundation, Inc.* Today, with the company near the top of its class, the piles of scrap steel...