[Autobiography of Andrew Carnegie by Andrew Carnegie]@TWC D-Link book
Autobiography of Andrew Carnegie

CHAPTER XII
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But even without exact knowledge no serious blunder was made.

The yield of the Lucy Furnace (named after my bright sister-in-law) exceeded our most sanguine expectations and the then unprecedented output of a hundred tons per day was made from one blast furnace, for one week--an output that the world had never heard of before.

We held the record and many visitors came to marvel at the marvel.
It was not, however, all smooth sailing with our iron business.

Years of panic came at intervals.

We had passed safely through the fall in values following the war, when iron from nine cents per pound dropped to three.


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