Word: steele
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Dates: during 1920-1929
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...Taylor is the brilliant and scholarship-loving lawyer who, after triumphing in the textile and other businesses; became last January one of the triumvirate chosen to succeed the late Judge Gary as rulers of U. S. Steel (see p. 26). The other two: John Pierpont Morgan, James Augustine Farrell...
...British steel industry came last week a series of mergers, from which may result the formation of a British steel cartel to meet foreign competition in world markets. First came a triple merger involving three British steel makers (Vickers, Vickers-Armstrong, and Cammell, Laird & Co.) who united all their interests, except their armament works, in a company to be called the English Steel Corp., Ltd. Capital: about $100,000,000. Then came another merger-the union of Dorman Long, Ltd. with Bolckow Vaughan & Co., Ltd. Capital also about $100,000,000. An export agreement has been concluded and an effort...
Capitalizations of $100,000,000 may represent huge companies in British steel, but U. S. citizens point to the "billion dollar" U. S. Steel Corp. as the real standard of steel magnitude. Whether because of its association with such names as Carnegie...
Gary, Morgan, or because it was a "billion dollar" corporation in days when such corporations were objects of more awe and alarm than they are today, U. S. Steel remains as it has been for many years, the popular embodiment of U. S. capital, U. S. industry. When U. S. Steel directors meet, there is news; when they elect directors, it is an event. Thus the U. S. public was last week more interested in the election of two new U. S. Steel directors than in British steel mergers, however far-reaching...
...sells a bear on the United States will go broke." The present Junius Spencer Morgan Jr. was graduated from Harvard in 1914, is a Morgan partner, a director of General Motors, grandson of the late great John Pierpont Morgan who was largely responsible for the formation of U. S. Steel in 1901, and son of the John Pierpont Morgan who is now Chairman of the U. S. Steel Board. The appointment of Morgan Partner Thomas William Lamont to the U. S. Steel Finance Committee, last week, further italicized the Morgan sense of responsibility for U. S. Steel and gave rise...