Beautifully engraved SCARCE historically significant certificate from the United States Steel Corporation
in 1901 to Andrew Carnegie ( but not signed by him) as part his sale of U. S. Steel in 1901. This historic document was printed by the American Banknote Company and has an ornate border around it with a vignette of a steel plant. This item is hand signed by the Company’s Vice President and Assistant Secretary and is over 120 years old.
This U.S. Steel bond was issued to Andrew Carnegie just three months after the merger of Carnegie Steel, Morgan’s steel companies, and others.
Andrew Carnegie's name on Certificate
U. S. Steel had its origins in the dealings of some of America's most legendary businessmen, including Andrew Carnegie, J.P. Morgan, and Charles Schwab. However, its principal architect was Elbert H. Gary, who also became U. S. Steel's first chairman. At the turn of the century, a group headed by Gary and Morgan bought Carnegie's steel company and combined it with their holdings in the Federal Steel Company. These two companies became the nucleus of U. S. Steel, which also included American Steel & Wire Co., National Tube Company, American Tin Plate Co., American Steel Hoop Co., and American Sheet Steel Co. In its first full year of operation, U. S. Steel made 67 percent of all the steel produced in the United States.