Chapter 91: Return to Pittsburgh: The Suffocating American Steel
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Stuart returned to Pittsburgh again. (To read the latest chapters of this book, please visit the biquge.info of Wèn Aishang Novel Network)
It was the middle of January 1917, and the long winter had not yet passed, and the whole of Pittsburgh was covered in snow. The so-called "wrapped in silver, frozen for thousands of miles" probably means the same.
A few days ago, Pittsburgh had been snowing heavily for more than ten days like Niaguala, so Situ Nan saw that the branches of the trees on the side of the road were bent strongly, and the heavy snow was pressed on them.
Pittsburgh, south of Niaguara, also feels warmer because of its latitude.
Pittsburgh is a big city, after all, much busier than Niaguara, and despite the cold weather, there is still a lot of traffic on the streets. I don't want to be in the middle of nowhere, like a country man, without much life.
After Christmas, the factory restarted, and the workers had to crawl out of the warm bed and back to the cold machine, and only hard work was the guarantee of their family's survival.
Rumbling machines become Pittsburgh's leitmotif, and the factory's tall chimneys spew puffs of smoke that slowly spread and tint the sky a shade of gray.
There seems to be a faint smell of boilers in the cold air, this is the power of industry and the pulse of this era.
When passing the Saskohana River, Situ Nan looked at the dense factory area of the American steel plant on the other bank, occupying the entire river area, and there was no end in sight, and he couldn't help but be shocked. Of course, there is a little envy in the shock.
No wonder even Andrew Mellon has a crush on the steel giant! It is too majestic and too massive! If it weren't for the Morgan family standing behind the American steel company, it is estimated that the ambitious Mellon family would have taken it into its pocket long ago. Who can be indifferent to such a fragrant bait standing at the door of the house?
Although in the past two years, the California Steel Company has developed rapidly, Situ Nan has invested more than 100 million US dollars in the expansion of the original Bock Steel Plant, and the output of the California Steel Company has exceeded one million tons, with an annual income of more than 100 million US dollars.
It is expected that in the next two years, in 1917 and 1918, the demand for steel in the United States will further expand, and the scale of California steel will also expand by then, and it is not impossible to double it after the end of the war.
It sounds like California Steel is really good, but when you compare it with U.S. Steel, the gap comes out. Through Guò's internal relations, Situ Nan got the operating conditions of American Steel last year.
U.S. Steel has monopolized the U.S. steel industry since the Carnegie era, and at one time it accounted for more than 90% of the nation's steel production.
Since the U.S. government promulgated the Sherman Act in 1890, the monopoly of U.S. steel companies has been curbed to a certain extent, and the proportion of steel production in the United States has declined, but this figure still reaches more than 60%.
If the United States produced 32 million tons of steel in 1913 before World War I, in 1916, the production of American steel companies exceeded 19 million tons.
In fact, the real number still has to be played, because since the beginning of the war, the US steel company has ushered in a rare opportunity, and the scale has also expanded, and its production has exceeded 20 million tons.
What a concept!
You must know that in 1913, before the start of the war, Germany's steel production was only between 17.6 million and 19 million tons, which means that the American steel company alone is equal to the steel production of the whole Germany.
What an intimidating behemoth!
No wonder there is a slang saying in the United States that the greatest profession in the United States is the president, and after the president is the president of the American steel company. Because:
In 1916, U.S. Steel had revenues of $1.23 billion, more than the normal U.S. government taxes.
It had an industrial force of 275,000 men, more than the U.S. Army and Navy combined, and more than the regular and volunteer forces of the U.S.-Spain War combined, and if one man had been placed every mile, those workers would have been able to line up from the earth to the moon, and the rest would have circled the earth. If they were lined up side by side, the line would have been able to stretch for a hundred miles.
U.S. Steel had paid $2.5 billion in wages since its founding in 1901, which totaled $320 million in wages last year.
It had a fleet of a hundred ships that together would build an impenetrable iron wall ten miles long. The formation is larger than any second-class naval unit.
It has its own railroads that run from Los Angeles to New York and then hundreds of miles into the Atlantic. However, in each year, it paid three million dollars a week to other railroads, and the total freight had increased to $1.8 billion in sixteen years.
It mines as much coal as the largest coal mining company in the United States, producing a million barrels of adhesive every month.
The company's original total capital of $1.4 billion was equivalent to two-thirds of the amount of money in circulation in the United States at the time. If all these currencies were converted into gold, the weight of the gold would reach 2,330 tons, and if it were a dollar bill, it would circle the earth six times, and the rest could be spread from the northernmost part of Alaska to Cape Horn.
Its assets have exceeded two billion dollars.
More than $7 million is spent each year on employee benefits that make employees healthier, happier, more secure, and therefore more productive.
If one person were to support five people in the family, the company would support 1.4 million people, twice the population of Boston.
The current president of American Steel is Albert H. Gary, who is said to be a very sympathetic, if not benevolent, man.
He was always smiling—his smile was famous, he rarely frowned, his face was not crossed, and his blue eyes always sparkled with kindness.
This was told by Robles, who did not know Albert H. Gary, who had attended the shareholders' meeting of American Steel last year.
Albert H. Gary has twenty vice presidents to assist him in his work, which is really awesome, and he is a veritable working emperor!
Bit high!
That's why Situ Nan values Charles Wab and his Bethlehem Steel Company so much, because he is the president of American Steel, at least in terms of ability.
Last year, Robles attended the year-end shareholders' meeting of U.S. Steel on behalf of Robles Securities, which surprised many people because the Hannibal Fund owned by Robles Securities held 2% of U.S. Steel shares, and at the same time, Robles Securities made a rare advertisement.
Many people who pay little attention to stock securities have also come to know Robles Securities for the first time, and even entrusted Robles Securities to complete their first transaction.
2%, which seems to be a small number, but the meaning behind it is not trivial, but you must know that the Morgan consortium only controls more than 30% of the shares of American Steel.
Undoubtedly, U.S. Steel is a supergiant, and even a 0.1% stake in him is enough to make 99% of people look up to it.
Two years ago, when the stock market was in a downturn, Situ Nan spent $30 million on 2% of U.S. steel that had doubled to more than $60 million.
In two months, after the United States enters the war, these stocks will continue to appreciate, but for Situ Nan, who is a little short of money, he has recently been considering whether to cash out in advance or exchange it with others.
With Morgan there, Situ Nan didn't want to get involved in the U.S. Steel Company in his life, so he might as well take advantage of the favorable opportunity to sell it to make money. He immediately thought of Andrew, in fact, it would be good to make a deal with Andrew, hasn't he always coveted American Steel?
With the Mellon family in action, maybe it can make Jack Morgan worry about it. The Morgan consortium is too domineering, except for oil, there is no part in all walks of life in the United States that he does not interfere in, and Situ Nan encounters this huge shadow wherever he goes. In addition to Stuart, there are many people in the United States who want to see Morgan's jokes! (It's a pity that Morgan has been living a nourishing life.) )
"What do you think? Think so bad! Laura sat in the car and gave Situ Nan a blank look.
"Want to know?" Situ Nan turned his head to look at Laura and teased, "You stick your head over and I'll sue you secretly." ”。
Laura believed it and really leaned her head over, but Situ Nan sighed under her earlobe and kissed it.
"You, ignore you!" Laura puffed out her face and looked at Situ Nan.
"You can't blame me for this! Baby, who called you so tempting that you can't help it. Situ Nan said softly, while putting Laura's body over on the board, leaning on his arms, and said, "! I was thinking about giving Andrew a big gift! See no, it's outside, across the river. ”
Laura looked out, wasn't there a steel mill on the other side? What's the gift? Laura looked at Situ Nan suspiciously.
Situ Nan smiled without saying a word, grabbed Laura's little hand and put it in the palm of his hand to play, while saying some sensual words, which made Laura blush.
The flirting between the two fell in the eyes of Han Gang in the front row, (Could it be that he turned around and peeked?) He laughed secretly, the boss is usually such a wise and martial person, but he is also so numb, this woman, what a strange creature, can make a person change so much?
In terms of dealing with women, Han Gang has always been an afterthought, and he can't eat any "meat" with Situ Nan, a junior cadre, it is indeed an embarrassing thing, although Han Gang didn't feel it.
The car drove along the riverbank, past U.S. Steel downstream, and back to the Mellon house upstream.
Mellon Manor stood in silence in a white world, like the proud and indifferent Mellon family, they calmly endured, and then hit with a single blow.
"Laura, you're back, you miss me to death!"
As soon as Situ Nan entered, he saw a young man rushing over and hugging Laura, and he kissed Laura's cheek affectionately.
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