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Updated: June 27, 2025
Bank rates of interest increased, more frequent renewals were made, deposits dwindled, country bankers weakened, and financiers in the metropolis were calling loans made to the interior. With the financial cyclone at its height, the demands were so great upon The Harris-Ingram Steel Co. that creditors threatened to close the steel plant.
George Ingram was once heard to say that eleven letters covered a large part of his religion, and that he wished he could write across the blue dome in letters of gold the word "Helpfulness." To assist an unfortunate individual permanently to help himself, is preaching a gospel that betters the world. The community of Harris-Ingram had little or no poverty.
Gertrude could neither leave the bedside of her dying husband, nor would she give her consent to have the Harris-Ingram Experiment wrecked. She had already pledged as collateral for the creditors of the steel company all their stock and personal property, and had telephoned the directors to keep the company afloat another day, if in their power.
Ten days went by before Colonel Harris visited the offices of the Harris-Ingram Steel Co. Then followed several meetings of the directors, at which it was finally decided to issue the following circular: Official Notice, No. 27. Offices of The Harris-Ingram Steel Co., 400 to 410 Brough Building, Harrisville, O. To Whom, it may Concern,
In Great Britain alone, coal does the work of more than a hundred millions of men, and adds proportionately to the fabulously increasing wealth of those fortunate islands. The Ingrams had solved two important problems, and on their practicable application depended the success of the great Harris-Ingram experiment.
The dozen initiated employees had made life long contracts with the company in consideration of liberal and satisfactory rewards. The Harris-Ingram Steel Co. thus equipped began operations. Alfonso Harris was content to leave his friends to continue their journey, as they were willing that he should return to the Netherlands, or to Amsterdam, where lived the beautiful woman who had won his heart.
Ten per cent of the wages of all such employees will be retained as needed, which, with dividends actually earned by the stock, will be applied on the amounts due for the purchase of stock and real estate for a home. The new model town will be known as Harris-Ingram.
The marvel at the Harris-Ingram Steel Co.'s mills was that electricity, developed in vast quantities at the coal mines and conveyed on patented copper tubes, furnished all the power, heat, and light used in the entire plant. Electricity hoisted and melted all the ores; it worked Sturtevant fans and blowing engines, which supplied necessary air for cupolas and converters.
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