Premium Only Content
Captains of Industry (ep28) E H Gary
Elbert Henry Gary (October 8, 1846 – August 15, 1927) was an American lawyer, county judge and business executive. He was a founder of U.S. Steel in 1901, bringing together partners J. P. Morgan, Andrew Carnegie, and Charles M. Schwab. The city of Gary, Indiana, a steel town, was named for him when it was founded in 1906. Gary, West Virginia was also named after him. When trust busting President Theodore Roosevelt said that Gary was head of the steel trust, Gary considered it a compliment. The two men communicated in a nonconfrontational way, unlike Roosevelt's communications with leaders of other trusts.
U.S. Steel
Gary practiced law in Chicago for about twenty-five years. He was president of the Chicago Bar Association from 1893 to 1894. It was while he was hearing a case as a judge that he first became interested in the process of making steel and the economics of that business. In 1898 he became president of Federal Steel Corporation in Chicago, which included a barbed wire business, and retired from his law practice. Federal and other companies merged in 1901 to become U.S. Steel, and Gary was elected chairman of the board of directors and the finance committee.
In 1900 at the age of 54, Gary moved from Wheaton to New York City, where he established the headquarters of U.S. Steel. Gary served as chairman of the board of America's first billion-dollar corporation, from the company's founding in 1901 until his death in August 1927. In November 1904, with a government suit looming, Gary approached President Roosevelt with a deal: cooperation in exchange for preferential treatment. U.S. Steel would open its books to the Bureau of Corporations; if the Bureau found evidence of wrongdoing, the company would be warned privately and given a chance to set matters right. Roosevelt accepted this "gentlemen's agreement" because it met his interest in accommodating the modern industrial order while maintaining his public image as slayer of the trusts.
-
vivafrei
2 hours agoMAKING AMERICA GREAT AGAIN! Trump's Cabinet Picks Are Making Democrats GO CRAZY!!! Viva Frei Live!
40.1K8 -
1:40:25
Megyn Kelly
2 hours agoElon and Vivek Prepare For DOGE, Pete Hegseth to Pentagon, and Trump Goes to DC, with Bill Ackman
26.9K26 -
LIVE
Melonie Mac
2 hours agoGo Boom Live Ep 28!
440 watching -
LIVE
Exploring With Nug
8 hours agoUnbelievable Discovery! Several Skulls Found In New Mexico Desert!
847 watching -
1:32:37
Redacted News
3 hours agoBOMBSHELL! Trump picks, Matt Gaetz, Tulsi Gabbard, Marco Rubio for his cabinet
120K290 -
46:06
Candace Show Podcast
3 hours agoOH SNAP! Trump Just Gave Elon Musk and Vivek Their Own Department. | Candace Ep 102
87.4K307 -
18:48
Neil McCoy-Ward
5 hours ago🇺🇸 TRUMP'S SHOCK NEW CABINET PUTS WASHINGTON IN PANIC MODE…🔥
28.4K7 -
8:39
Guns & Gadgets 2nd Amendment News
8 hours agoFEMA Discrimination Revealed! Trump Supporters Left Out Of Hurricane Relief Efforts!
21.6K15 -
1:41:16
In The Litter Box w/ Jewels & Catturd
22 hours agoTrump Returns! | In the Litter Box w/ Jewels & Catturd – Ep. 690 – 11/13/2024
68.9K37 -
5:35
SLS - Street League Skateboarding
4 days agoChris Joslin 3rd Place SLS Sydney 2024 | Best Tricks
40.7K2