Help


from Wikipedia
« »  
Carnegie's share of this amounted to $ 225, 639, 000 ( presently, $), which was paid to Carnegie in the form of 5 %, 50-year gold bonds.
The letter agreeing to sell his share was signed on February 26, 1901.
On March 2, the circular formally filing the organization and capitalization ( at $ 1, 400, 000, 000 — 4 % of U. S. national wealth at the time ) of the United States Steel Corporation actually completed the contract.
The bonds were to be delivered within two weeks to the Hudson Trust Company of Hoboken, New Jersey, in trust to Robert A. Franks, Carnegie's business secretary.
There, a special vault was built to house the physical bulk of nearly $ 230, 000, 000 worth of bonds.
It was said that "... Carnegie never wanted to see or touch these bonds that represented the fruition of his business career.
It was as if he feared that if he looked upon them they might vanish like the gossamer gold of the leprechaun.
Let them lie safe in a vault in New Jersey, safe from the New York tax assessors, until he was ready to dispose of them ..."

2.170 seconds.