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The Age of Big Business; a chronicle of the captains of industry by Burton Jesse Hendrick
page 51 of 132 (38%)
chiefly with the importation of Slavs as workmen, with the
terrible strikes that followed in consequence at Homestead, with
the murderous attack made upon him by Berkman, the anarchist, and
with his bitter, longdrawn-out quarrel with Andrew Carnegie.
Frick's stormy career was naturally the product of his character.

On the other hand, temperamental pliability and lovableness were
the directing traits of the man who, in his way, made
contributions quite as solid to the extension of the Pittsburgh
steel industry. Schwab worked with the human material quite as
successfully as other men worked with iron ore, Bessemer
furnaces, and coal. He handled successfully what was perhaps the
greatest task in management ever presented to a manufacturer when
to him fell the job of reorganizing the Homestead Works after the
strike of 1892 and of transforming thousands of riotous workmen
into orderly and interested producers of steel. In three or four
years practically every man on the premises had become "Charlie"
Schwab's personal friend, and the Homestead property which, until
the day he took charge, had been a colossal failure, had
developed into one of the most profitable holdings of the
Carnegie Company. As his reward Schwab, at the age of thirty-
four, was made President of the Carnegie corporation. Only
sixteen years before he had entered the steel works as a stake
driver at a dollar a day.

When the Carnegie group began operations in the early seventies,
American steel, as a British writer remarked, was a "hot-house
product"; yet in 1900 the Carnegie partners divided $40,000,000
as the profits of a single year. They had demonstrated that the
United States, despite the high prices that prevailed everywhere,
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