Andrew Carnegie：Autobiography of Andrew Carnegie, Additional Excerpt 296

In addition to the embarrassment of my friends Mr. Scott, Mr. Thomson, and others, there came upon us later an even severer trial in the discovery that our partner, Mr. Andrew Kloman, had been led by a party of speculative people into the Escanaba Iron Company. He was assured that the concern was to be made a stock company, but before this was done his colleagues had succeeded in creating an enormous amount of liabilities--about seven hundred thousand dollars. There was nothing but bankruptcy as a means of reinstating Mr. Kloman.

Source： https://www.gutenberg.org/ebooks/17976
Locator：Additional excerpt 296 · Verified：2026-10-19 · Verification：Short excerpt

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