Excerpt from Tariff Hearings Before the Committee on Ways and Means of the House of Representatives, Sixtieth Congress: Friday, November 27, 1908 Under the first heading we have the statement of Mr. Schwab. Formerly president of the United States Steel Corporation, in 1899, to the effect that steel rails were made in this country at that time for less than $12 per ton, while in England they cost $19 per ton. Some years ago the relative cost of iron and steel in this country and in England was the subject of investigation and report by an Eng lish commission, which found the Pittsburg cost of a ton of pig iron was per ton as compared with an English cost of a ton, the labor cost at the furnaces being 23. In Pittsburg and 33. At the British works. Within the last few days we have the published statement, with which you are familiar, of Mr. Andrew Carnegie, for many years the master of the iron and steel business and now a heavy owner of its securities. Referring to steel manufacturers, he says. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.