Andrew Carnegie：Autobiography of Andrew Carnegie, Additional Excerpt 268

As we had been compelled to engage in the manufacture of wrought-iron in order to make bridges and other structures, so now we thought it desirable to manufacture our own pig iron. And this led to the erection of the Lucy Furnace in the year 1870--a venture which would have been postponed had we fully appreciated its magnitude. We heard from time to time the ominous predictions made by our older brethren in the manufacturing business with regard to the rapid growth and extension of our young concern, but we were not deterred. We thought we had sufficient capital and credit to justify the building of one blast furnace.

Source： https://www.gutenberg.org/ebooks/17976
Locator：Additional excerpt 268 · Verified：2026-10-19 · Verification：Short excerpt

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