Business & Finance: Steel War (cont.)

Last week a train drew into Youngstown. Ohio, bearing upon it two Lords of Bethlehem, come to cry to the citizens of Youngstown, to the shareholders of Youngstown Sheet & Tube. "Let there be merger!" One of the pair was President Eugene Gifford Grace who had conducted all negotiations with Youngstown's Founder-Chairman James A. Campbell. The other was joke-loving, big-chested, big-hearted Chairman Charles M. Schwab, than whom only Henry Ford is a more famed industrialist. Although Youngstown's Campbell publicly advocated the deal, Cyrus Stephen Eaton of Cleveland has furnished fierce opposition (TIME. March...

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