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Updated: June 3, 2025
As George returned slowly to his task at the steel mills, he resolved to use his evenings in post-graduate work. The more he studied iron ores and steel-making, the more he felt that he must conquer the whole intricate subject, if he would be of greatest service to his employers. The intense competition in the trade demanded it.
Let us assume, moreover, that the "trusts," including railways, public service corporations, banks, mines, oil, and lumber interests, the steel-making and meat-packing industries, and the few other important businesses where monopolies are established, were owned and operated by governments of this character.
The furnace contains an inlet for an air blast and openings in its covering for charging the material and for the escape of the gases. The actual process of steel-making consists of charging the crucible with steel scrap, pig iron, iron ore, and lime of the proper quality and in the right proportions, placing this material on the hearth of the furnace.
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