Business: War of Steel

During the long and peaceful reign of Judge Elbert Henry Gary, U. S. Steel and the whole steel industry seemed to have passed forever beyond their fighting days. But last autumn, with Judge Gary two years dead, it was evident that Steel's warlords were rousing for new struggles. Last week there began Steel's mightiest pitched battle for many a year. Bethlehem stood pitted against its new rival, Republic. The prize: Youngstown Sheet & Tube, which, for the first time, was divided against itself.

Not that Republic wants...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!