SOME PITTSBURG MILLIONAIRES.
Millionaires in Pittsburg appear to be wtmdeifully numerous. Aocoiding to Munsey’s Magazine there are score* of them, and one has only to turn to the Babcocks to see what that centx-e can do in millionaire-making. Twenty-five years ago these two brothers were handling timber in a Detroit yard at a dollar a day; now their holdings aggregate 10 millions. Lumber started at least one other Pittsburg millionaire on the road to toxtune. In August, 1884, F. F. Nicola, aged 24, deposited 200dol in a Pittsburg bank. He had saved it out of bis earnings as a timber clerk at Ann Abor. He set up in the lumber for himself, and prospered. To o. he ie Pittsburg’s most dazzling operator, and owns many millions. A type of the young, clear-cut, selfmade man of millions is W. H. Donner, who got his start running a small flour mill in Columbus, Indiaria. He was attracted to tin-plate, and located a plant on a farm site near Pittsburg, which is now the prosperous town of Monessen. After it was absorbed by the Tin-plate Trust he organised the Union Steel Company. in which he had the backing of the Mellons. Around this establishment he built the town of Donora. which is named after him. The Steel Corporation considered his mills good enough to buy. Now he is a factor in finance, a director in the Mellon National Bank, and a force to be reckoned with. Here is the romance of another Pittsburg millionaire. Not so very many years ago Russell Boggs was peddling milk in the little town of Harmony, 30 miles from Pittsburg. He saw the difficulty that his father and other farmers had in getting their products to the city, and made up his mind to remedy it some day. He went to Pittsburg, started as errand-boy in a dry-goods store, and is now a magnate of retail trade. One of the first things he did when he came into his own was to connect up the old home town with the
traction lines that went to the big city. Altogether he owns 100 miles of trolleys. But these are only typical examples of a crowd.
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Bibliographic details
Otago Witness, Issue 3033, 1 May 1912, Page 77
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366SOME PITTSBURG MILLIONAIRES. Otago Witness, Issue 3033, 1 May 1912, Page 77
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