Andrew Carnegie：Autobiography of Andrew Carnegie, Additional Excerpt 250

I called attention to the fact that the Allegheny Valley Railway bonds which I had exchanged for the Philadelphia and Erie bonds bore the guarantee of the Pennsylvania Railroad Company, and that that great company was always in need of money for essential extensions. A price might be offered for these bonds which might tempt the company to sell them, and that at the moment there appeared to be such a demand for American securities that no doubt they could be floated. I would write a prospectus which I thought would float the bonds. After examining the matter with his usual care he decided that he would act upon my suggestion.

Source： https://www.gutenberg.org/ebooks/17976
Locator：Additional excerpt 250 · Verified：2026-10-19 · Verification：Short excerpt

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