Unformatted text preview: merging, has taken the soul out of men. Its leaders have driven men as though they
were pieces of cold machinery; they were forced to do so by the employees who
have bargained, at the expense of all concerned, to get and not to give.
The watchword of the future will be HUMAN HAPPINESS AND CONTENTMENT, and when this state of mind shall have been attained, the production will
take care of itself, more effectively than anything that has ever been accomplished
where men did not, and could not mix FAITH and individual interest with their
Because of the need for faith and cooperation in operating business and industry,
it will be both interesting and proﬁtable to analyze an event which provides an
excellent understanding of the method by which industrialists and business men
accumulate great fortunes, by giving before they try to get.
The event chosen for this illustration dates back to 1900, when the United States
Steel Corporation was being formed. As you read the story, keep in mind these
fundamental facts and you will understand how IDEAS have been converted into
First, the huge United States Steel Corporation was born in the mind of Charles
M. Schwab, in the form of an IDEA he created through his IMAGINATION!
Second, he mixed FAITH with his IDEA.
Third, he formulated a PLAN for the transformation of his IDEA into physical
and ﬁnancial reality.
Fourth, he put his plan into action with his famous speech at the University
Fifth, he applied, and followed-through on his PLAN with PERSISTENCE, and
backed it with ﬁrm DECISION until it had been fully carried out.
Sixth, he prepared the way for success by a BURNING DESIRE for success.
If you are one of those who have often wondered how great fortunes are accumulated, this story of the creation of the United States Steel Corporation will be
enlightening. If you have any doubt that men can THINK AND GROW RICH,
this story should dispel that doubt, because you can plainly see in the story of the 50 NAPOLEON HILL THINK AND GROW RICH United States Steel, the application of a major portion of the thirteen principles
described in this book.
This astounding description of the power of an IDEA was dramatically told by
John Lowell, in the New York World-Telegram, with whose courtesy it is here
reprinted. A PRETTY AFTER-DINNER SPEECH FOR A BILLION DOLLARS
“When, on the evening of December 12, 1900, some eighty of the nation’s ﬁnancial nobility gathered in the banquet hail of the University Club on Fifth Avenue
to do honor to a young man from out of the West, not half a dozen of the guests
realized they were to witness the most signiﬁcant episode in American industrial
“J. Edward Simmons and Charles Stewart Smith, their hearts full of gratitude for
the lavish hospitality bestowed on them by Charles M. Schwab during a recent
visit to Pittsburgh, had arranged the dinner to introduce the thirty-eight-year-old
steel man to eastern banking society. But they didn’t expect him to stampede the
convention. They warned him, in fact, that the bosoms within New York’s stuffed
shirts would not be responsiv...
View Full Document
This note was uploaded on 11/13/2012 for the course ACCOUNTING 225 taught by Professor Austin during the Spring '12 term at American.
- Spring '12