By Kenneth Warren
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Additional info for Big Steel: The First Century of the United States Steel Corporation, 1901-2001
24 Working from the very different recollections of Judge E. H. Gary, then head of Federal Steel, his biographer, Ida Tarbell, prOVided a different listing and chronology of events. 25 Whatever the true timescale, Morgan accepted Carnegie's price. After that, with some help from Schwab, Gary decided on the properties they were interested in and began negotiations with their controllers. 20 The Gary Era Federal and Carnegie Steel were the core operations of the combination. It is clear that some of the other firms or plants were brought in only as parts of a corporate package.
14 At year's end the company announced plans for a Milwaukee steelworks to supply its western plants. Second. the formation of a new company expressly to supply various rolling mill combinations threatened the regional arrangements. National Steel was organized in February 1899 and soon built up a fair-sized mineral resource base. IS In its first year, National Steel produced 12 percent of the nation's crude steel, primarily from works established some years before in Ohio. As billets and sheet and tinplate bars, most of this output was supplied to American Tin Plate, AS&W, and American Steel Hoop, firms with which National Steel The Gary Era 14 was associated through common promoters, the so-called Moore group.
The integrated Union Steel works in Chicago. idle when US Steel was formed. was dismantled. Other works abandoned were smaller and. by location or other circumstances. obvious candidates from the start. By 1903 American Sheet and Tin Plate had closed sixteen plants. American Steel and Wire and American Bridge each shut down four. National Tube three. and both American Steel Hoop and Shelby Steel two. )15 Some of the conditions behind the closure program. and the dependence of the companies on approval from the center.