Word: steeling
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barons of iron and steel...
...Steel makers, led by Eugene Gifford Grace, president of Bethlehem, have seen in this recovery a potential threat to U. S. industry. By consolidation, they may hope to eliminate costs of maintaining separate foreign offices, prevent competitive price-cutting for European business...
...Steel Products Co., Bethlehem Steel Export Corp...
...rate war loomed as anxious presidents noted that under the joint schedule of the Illinois Central and the Redwood Line, manufacturers could ship steel from Chicago to New Orleans (912 miles) as cheaply as from Buffalo to New York (390 miles). "Unduly preferential," they cried, technically. They explained: Eastern railroads should serve Eastern shippers, benefiting by short rail hauls to the Atlantic, low water rates to the Pacific. Cutthroat reductions by the I.C.R.R. will divert traffic to Chicago, thence to New Orleans, thence by the Redwood Line to the coast...
...this apparently innocent extension, magnates saw pregnant and disquieting possibilities. At Connellsville, the P. and W. Va. branch will connect with the Western Maryland road, forming what may develop into a new through route from Lake Erie and the steel producing country to Baltimore, via the Wheeling and Lake Erie and possibly the Wabash. All eyes were focused on a Cleveland coal producer,* owner of the P. and W. Va., 45% stockholder in the W. and L. E. Was Frank E. Taplin to be the successor of Leonor Fresnel Loree, reviving the carefully laid bogey of a fifth trunk line...