Word: steeling
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Marble is the aristocrat of sculptural materials. Like an aristocrat it is sumptuous but brittle. Subjected to undue stresses it splits and cracks. Thus the transportation of marble is ticklish, and cannot be done with casual maneuvering as can steel girders. Sculptors exercise prodigious care in moving marble statuary from studios to sites. One fissure will ruin the labor of years, and one fissure may be produced by the slip of one gawkish moving...
...crashed the Fitzsimmons-Jeffries fight (1899) by exchanging a basket of stage money lor a basket of tickets. He saw the Jimmy Gardiner-Tommy Devine fight in a Milwaukee Armory (1903) from a steel girder to which he strapped himself early in the morning before the fight. He crashed the Dempsey-Gibbons fight in Shelby, Montana (1923), by riding into the hot arena in a covered ice wagon...
...Myron C. Taylor was given last week credit for finishing what the late great John Pierpont Morgan began. Mr. "Taylor, brilliant chairman of the finance committee of U. S. Steel, announced that, at their annual meeting on April 15, stockholders would be asked to approve an increase in authorized common stock from some 7,500,000 to 12,500,000, thereby potentially capitalizing the company at $1,250,000,000. From new stock to be issued at terms to be fixed, cash will be received to redeem all the bonds of the parent company. Thus Steel common becomes "as good...
...Steel began in 1901 with a staggering load of bonds, capitalization being (in millions...
Most of the bonds went to Andrew Carnegie, who intended to make Mr. Morgan pay well for his dream. The stock was full of water and sold as low as $3 per share in 1904. But back, back, back into the company went the earnings. In fact, Steel's accountants even provided for sinking funds before figuring their earnings. Thus inevitably was the Morgan faith in the U. S. justified and long since has U. S. common sold steadily above par and above its preferred. The only question now is "when will...