Word: steeling
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...refresh herself prior to visiting the steel mills of Gary, Indiana, Queen Marie hastened to the Chicago Racquet Club, donned a modish bathing garment, swam with vigor for ten minutes in the pool. Hastening to Gary, she viewed the mechanical operations of steel working from a glass-inclosed moving observation platform, but descended from it to stand beside the thrilling cascades of moulten metal. Amid the glare of the furnaces her regal and commanding presence was revealed at last in an approximately iridescent milieu...
...field, Bethlehem Steel is second only to U. S. Steel. A "trade war" between these two is predicted, for U. S. Steel has apparently challenged a Bethlehem monopoly-the production of a broad-flange structural beam...
...Steel is now remodeling its Homestead plant to manufacture beams of this type. Anent this, Judge Gary said, in the Iron Trade Review: "We are building a mill which will be prepared to manufacture a wide flange beam." Bethlehem President Grace countered: "Bethlehem has an exclusive license under numerous patents which have several years to run, and which cover the process for rolling the so-called broad-flanged sections as a product." It may be that the Judge, always perspicacious, is looking far years ahead. Yet the ingredients of a fight already exist...
...differences between U. S. Steel and Bethlehem Steel lie deeper than ordinary competition. They are exemplified by the differing personalities of two men- Judge Elbert Henry Gary and Charles Michael Schwab. The Judge, for all his kindliness of heart, is ruled by his head; Mr. Schwab, for all his hard sense, is emotional. The clash of their natures showed itself at the very formation of the U. S. Steel Corp. in 1901. The late John Pierpont Morgan attracted Judge Gary, the legalist, to organize his iron and steel consolidation plans, and to give them grace. The late Andrew Carnegie...
Then began the Schwab-Gary tussle. The Judge wanted to operate the whole organization through an oligarchy, an executive committee. President Schwab wanted sole control. He objected to hearing an influential director ordering him to build a steel plant at Chicago, when he, the direct operator, needed a plant at Pittsburgh. The Judge was further irritated by President Schwab's behavior at Monte Carlo. Reports came that the very President of the U. S. Steel Corp., that "good" corporation, was reveling on the Riviera, that he was playing roulette, vingt-et-un, chemin-de-fer and baccarat for stakes...