Andrew Carnegie：Autobiography of Andrew Carnegie, Excerpt 52

In like manner the demand for locomotives was very great, and with Mr. Thomas N. Miller[24] I organized in 1866 the Pittsburgh Locomotive Works, which has been a prosperous and creditable concern--locomotives made there having obtained an enviable reputation throughout the United States. It sounds like a fairy tale to-day to record that in 1906 the one-hundred-dollar shares of this company sold for three thousand dollars--that is, thirty dollars for one. Large annual dividends had been paid regularly and the company had been very successful--sufficient proof of the policy: "Make nothing but the very best." We never did.

Source： https://www.gutenberg.org/ebooks/17976
Locator：Chapter IX, excerpt 52 · Verified：2026-10-19 · Verification：Short excerpt

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