Type | Partnership |
---|---|
Industry | steel, coke, Railroads |
Founded | 1 April 1881 |
Founder | Andrew Carnegie |
Defunct | 1 July 1892 |
Successor | Carnegie Steel |
Headquarters | Pittsburgh, Pennsylvania, U.S. |
Key people | Thomas and Andrew Carnegie, Henry Clay Frick |
Products | steel, coal, coke, railroad flat-rolled steel, tubular steel |
Services | manufacturing |
Carnegie Brothers and Company, Ltd. was created by the consolidation of the steel businesses owned by Andrew Carnegie in the early 1880s. Those steel and coke works that were consolidated were:
The merging of these separate business operations into one resulted in the newly formed company owning an interest of nearly $5 million. At the time, Andrew Carnegie owned over half of it. Henry Clay Frick began to supply Carnegie Brothers and Company with coal and coke that was required to operate the steel mills. This relationship progressed with the result in Frick being the major supplier of coke to the new company. [1]
Thomas Carnegie, Andrew Carnegie's brother died in 1886 and in 1889 Frick began to manage a portion of the company. [2] Frick also bought company shares. Frick advanced and was promoted to chairman of the company. After his promotions Frick worked with Carnegie to reorganize much of business. Frick organized many improvements including a buy out of the Duquesne Steel works. Frick acted to combine "Carnegie Brothers & Company, Limited" and "Carnegie, Phipps & Company" into a single company newly named Carnegie Steel Company, Limited on July 1, 1892. [3]
Carnegie Brothers and Company had contracts with railway and transportation in addition to Keystone Bridge Company, Pittsburgh and Western Railroad, Rail Makes’ Association, and the Steel Patent Company. These companies specialized in litigation for steel patents and production methods, including Steel Patent Company of Philadelphia, and rail production the Rail Makers’ Association. At the time, many other companies, including Carnegie's were working to establish uniformity of the railroads. These efforts were encouraged by the investments of Carnegies company and on September 7, 1877 the merger was completed with the name the Pittsburgh, New Castle & Lake Erie Railroad. Carnegie Brother & Company, Limited was an investor and supplier to the Pittsburgh and Western Railway. [2] [3]
The University of Pittsburgh houses the financial records of the company in its archives service center, University of Pittsburgh Library System. [3]
Andrew Carnegie was a American industrialist and philanthropist. Carnegie led the expansion of the American steel industry in the late 19th century and became one of the richest Americans in history. He became a leading philanthropist in the United States, Great Britain, and the British Empire. During the last 18 years of his life, he gave away around $350 million, almost 90 percent of his fortune, to charities, foundations and universities. His 1889 article proclaiming "The Gospel of Wealth" called on the rich to use their wealth to improve society, expressed support for progressive taxation and an estate tax, and stimulated a wave of philanthropy.
Homestead is a borough in Allegheny County, Pennsylvania, United States, along the Monongahela River 7 miles (11 km) southeast of downtown Pittsburgh. The borough is known for the Homestead strike of 1892, an important event in the history of labor relations in the United States. The population was 2,884 at the 2020 census. It is part of the Pittsburgh metropolitan area.
The history of Pittsburgh began with centuries of Native American civilization in the modern Pittsburgh region, known as "Dionde:gâ'" in the Seneca language. Eventually, European explorers encountered the strategic confluence where the Allegheny and Monongahela Rivers meet to form the Ohio, which leads to the Mississippi River. The area became a battleground when France and Great Britain fought for control in the 1750s. When the British were victorious, the French ceded control of territories east of the Mississippi.
The Homestead strike, also known as the Homestead steel strike, Homestead massacre, or Battle of Homestead, was an industrial lockout and strike that began on July 1, 1892, culminating in a battle in which strikers defeated private security agents on July 6, 1892. The governor responded by sending in the National Guard to protect strikebreakers. The dispute occurred at the Homestead Steel Works in the Pittsburgh-area town of Homestead, Pennsylvania, between the Amalgamated Association of Iron and Steel Workers and the Carnegie Steel Company. The final result was a major defeat for the union strikers and a setback for their efforts to unionize steelworkers. The battle was a pivotal event in U.S. labor history.
United States Steel Corporation, more commonly known as U.S. Steel, is an American integrated steel producer headquartered in Pittsburgh, Pennsylvania, with production operations primarily in the United States of America and in Central Europe. The company produces and sells steel products, including flat-rolled and tubular products for customers in industries across automotive, construction, consumer, electrical, industrial equipment, distribution, and energy. Operations also include iron ore and coke production facilities.
Henry Clay Frick was an American industrialist, financier, and art patron. He founded the H. C. Frick & Company coke manufacturing company, was chairman of the Carnegie Steel Company, and played a major role in the formation of the giant U.S. Steel manufacturing concern. He also financed the construction of the Pennsylvania Railroad and the Reading Company, and had extensive real estate holdings in Pittsburgh and throughout the state of Pennsylvania. He later built the historic Neoclassical Frick Mansion, and upon his death donated his extensive collection of old master paintings and fine furniture to create the celebrated Frick Collection and art museum. However, as a founding member of the South Fork Fishing and Hunting Club, he was also in large part responsible for the alterations to the South Fork Dam that caused its failure, leading to the catastrophic Johnstown Flood. His vehement opposition to unions also caused violent conflict, most notably in the Homestead Strike.
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Thomas Morrison Carnegie was a Scottish-born American industrialist. He was the brother of steel magnate Andrew Carnegie and co-founder of the Edgar Thomson Steel Works.
Carnegie Steel Company was a steel-producing company primarily created by Andrew Carnegie and several close associates to manage businesses at steel mills in the Pittsburgh, Pennsylvania area in the late 19th century. The company was formed in 1892 and was subsequently sold in 1901 in one of the largest business transactions of the early 20th century, to become the major component of U.S. Steel. The sale made Carnegie one of the richest men in history.
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