Business & Finance: Corrigan-McKinney

  • Share
  • Read Later

(2 of 2)

Corrigan re-named the concern the Corrigan-McKinney Steel Co. It is the tenth largest of the U. S. steel group,* but not yet is it to be guided by a woman. "Young Jim," who had bucked and reared under a trusteeship, had fashioned a trust bridle for his widow. She may sell her steel shares; she cannot vote them. That power lies with the Union Trust Co. of Cleveland and John H. Watson Jr., elected last week president of the corporation.

Yet the game will be played, as many another business game, for the benefit of women, since what stock Mrs. Corrigan does not own is owned by Mrs. Price McKinney, Mrs. Stevenson Burke, widow of the judge, and Mrs. Parthenia Burke Ross, his granddaughter.

*The leaders according to tonnage produced each year: U. S. Steel 23,046,000 Bethlehem 7,900,000 Youngstown-Inland (if merged) 5,040,000 Jones & Laughlin 3,000,000 Republic-Trumbull (when merged).. 1,950,000 American Rolling Mill 1,750,000 Central Alloy 1,400,000 Wheeling Steel 1,273,000 Colorado Fuel & Iron 1,138,000 Corrigan-McKinney 1,000,000

  1. 1
  2. 2
  3. Next Page