Andrew Carnegie：Autobiography of Andrew Carnegie, Additional Excerpt 413

There had been so much deception by speculators buying old iron and steel mills and foisting them upon innocent purchasers at inflated values--hundred-dollar shares in some cases selling for a trifle--that I declined to take anything for the common stock. Had I done so, it would have given me just about one hundred millions more of five per cent bonds, which Mr. Morgan said afterwards I could have obtained. Such was the prosperity and such the money value of our steel business. Events proved I should have been quite justified in asking the additional sum named, for the common stock has paid five per cent continuously since.[45] But I had enough, as has been proved, to keep me busier than ever before, trying to distribute it.

Source： https://www.gutenberg.org/ebooks/17976
Locator：Additional excerpt 413 · Verified：2026-10-19 · Verification：Short excerpt

公版传记；原文逐字取自 Project Gutenberg，仅摘录段落并附全书链接。

This text is in the public domain. The edition and source link are above. Copyright

← Back to the library