Word: steeling
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...United States Steel Corporation has never cut a melon, although it has more than half a billion dollars in surplus. Many common stockholders yearn for this usufruct of 25 years' waiting which Judge Elbert Henry Gary, chairman of the Board, has placidly withheld. Men had tried to tease the Judge into resigning at the April stockholders meeting. They had urged that he was an old man turned 80, had been with U. S. Steel since its inception in 1901, had made a batch of steel highbinders work together and actually practice his ethics in business. U. S. Steel...
Fortnight ago U. S. Steel led a stock market rise. Talk centered on that melon, on the resignation of the grand...
...same situation developed in U. S. Steel. One director there quickly stopped attending board meetings. He believed in Sunday schools, but not in turning a business into a Sunday school. The judge made his directors stop gambling with $20 gold pieces. Eventually he got full co-operation in his ideals...
...cooperation rather than competition," "consideration for labor," "8-hour day." These phrases sound stale nowadays. A generation ago they were novel, might have continued so yet. But Judge Gary who invented them-something few of the younger businessmen know-applied them practically to the conduct of the U. S. Steel Corp., when in 1901 he took command as J. P. Morgan Sr.'s* direct agent...
...small town (Wheaton, Ill.) Methodist church circles, had kept them through his political activities there, had used them to build up a law practice of $75,000 yearly. Only if he were permitted to apply them to big business would he accept the presidency of the Federal Steel Co., which he organized for J. P. Morgan Sr. in 1898. "You can select the directors, name the executive committee, choose your officers and fix your salary," Morgan told...