Word: youngstowners
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Dates: during 1930-1939
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Last week a train drew into Youngstown. Ohio, bearing upon it two Lords of Bethlehem, come to cry to the citizens of Youngstown, to the shareholders of Youngstown Sheet & Tube. "Let there be merger!" One of the pair was President Eugene Gifford Grace who had conducted all negotiations with Youngstown's Founder-Chairman James A. Campbell. The other was joke-loving, big-chested, big-hearted Chairman Charles M. Schwab, than whom only Henry Ford is a more famed industrialist. Although Youngstown's Campbell publicly advocated the deal, Cyrus Stephen Eaton of Cleveland has furnished fierce opposition (TIME. March...
Died. James J. Campbell. 62, Pittsburgh steelman; at Pasadena, Calif. His first job: painting cannon balls in front of the Washington arsenal. His last: vice president of Carnegie Steel Co. He was no kin of President James A. Campbell of Youngstown Sheet & Tube...
...shares outstanding, sufficient to block the deal. To get others, he has the legal resources of Squires. Sanders & Dempsey. potent Cleveland law firm. He has also many a convincing argument. Chief of the latter is based upon the pride of the city of Youngstown in Sheet & Tube, widely held in the community. Another argument is that the price offered is not high enough. Another point, that the deal would be demoralizing to the steel industry, is probably based on the belief that a union with Bethlehem would bring Youngstown into the battle now being waged in other sections by Bethlehem...
...Youngstown...
Obviously, Youngstown is a vital prize in the race for second place. During the week rumors involving almost every steel company were rampant. Most surprising was the report that the $100,000,000 Rockefeller-owned Colorado Fuel & Iron Co. is now being sought by Bethlehem. Only recently Republic was reported after it. On top of all this, U. S. Steel again announced it has $200,000,000 ready for expansion...