Andrew Carnegie：Autobiography of Andrew Carnegie, Additional Excerpt 225

My first important enterprise after settling in New York was undertaking to build a bridge across the Mississippi at Keokuk.[29] Mr. Thomson, president of the Pennsylvania Railroad, and I contracted for the whole structure, foundation, masonry, and superstructure, taking bonds and stocks in payment. The undertaking was a splendid success in every respect, except financially. A panic threw the connecting railways into bankruptcy. They were unable to pay the stipulated sums. Rival systems built a bridge across the Mississippi at Burlington and a railway down the west side of the Mississippi to Keokuk. The handsome profits which we saw in prospect were never realized. Mr. Thomson and myself, however, escaped loss, although there was little margin left.

Source： https://www.gutenberg.org/ebooks/17976
Locator：Additional excerpt 225 · Verified：2026-10-19 · Verification：Short excerpt

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