Henry Clay Frick: The Gospel of Greed by Samuel A. Schreiner

Author:Samuel A. Schreiner
Language: eng
Format: epub
Published: 2020-06-05T16:00:00+00:00

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Frick: That cost appears high.

Schwab: Mr. Corey admits that it is high, but does not want to get caught again with an insufficient appropriation. He will not waste money, and, if all is not needed, so much the better.

Frick: We must have the Furnaces anyway, and may as well appropriate the outside cost. These are large amounts but the whole matter has been thoroughly discussed outside of the Board Meetings, and all appear satisfied.

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The motion passed, as did another authorization of $218,000 for improvements at the Carrie Furnaces. This drew a similar comment from Frick: “It is a large amount, but to our willingness to spend large amounts in improvements, we owe our success.” That his demotion had not caused Frick to have any greater fear or respect for Carnegie is apparent in his response to a letter from Carnegie to Schwab that Schwab read to the board:

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