Chris

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Carnegie steered iron purchase for the Pennsylvania’s expansion to his (and Thomson’s) Keystone Bridge Company. After the Civil War, Thomson, Carnegie, and Scott granted themselves a franchise for a new telegraph company that would have the right to string its wires along the Pennsylvania right-of-way. They paid nothing for the franchise and sold the company at a profit to another company in which they retained a minority interest. This company then hired yet another Carnegie company to construct the telegraph. It was how business was done.7
The Republic for Which It Stands: The United States during Reconstruction and the Gilded Age, 1865-1896 (Oxford History of the United States)
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