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Youngstown Sheet and Tube Company-Bethlehem Steel Merger Telegrams

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Title	Youngstown Sheet and Tube Company-Bethlehem Steel Merger Telegrams
Subject	Business and Labor Steel industry Consolidation and merger of corporations
Place	Youngstown (Ohio) Mahoning County (Ohio)
Description	These two telegrams document some financial issues with the potential merger between Youngstown Sheet and Tube and Bethlehem Steel. The first telegram is dated March 20, 1930; it urges stockholders to wait for more financial documentation before voting on the merger. It is signed Myron Wick Jr., secretary of the committee opposing the merger. The second telegram, also signed by Wick, indicates that Bethlehem Steel has abandoned its original merger plan and is offering more favorable terms. The merger did not occur. These documents measure approximately 7.8" by 10.5" (20 by 26.67 cm). In November 1900, a group of 55 Youngstown citizens, led by James A. Campbell, raised $600,000 in capital to create the Youngstown Iron Sheet and Tube Company. Land was purchased along the Mahoning River approximately three miles east of downtown. In 1902, the mill opened for production. Spectacular growth marked the company's second decade, some of it spurred by the demand for steel caused by World War I. In 1923, YS & T purchased the Brier Hill Steel Company of Youngstown and the Steel and Tube Company of America of East Chicago. During the 1930s the company survived the Great Depression and the 1937 "Little Steel" strike to emerge as a leading steel producer. In the 1960s, YS & T began to experience a decline. The company merged with the Lykes Corporation in 1969 and LTV Corporation in 1979, at which time all Youngstown operations were phased out.
Creator	Wick, Myron Jr.
Date of Original	March, 1930
Collection	Meub-Youngstown Sheet & Tube Company Collection
Source	Unpublished material (archives/manuscripts) Collection # 188
Submitting Institution	Mahoning Valley Historical Society
Type	Text
Format	manuscripts

Title	Om1203_1826355_001
Rights	For rights and reproduction requests, go to the Ohio Historical Society's Audiovisual and Graphic Reproduction Services page at http://www.ohiohistory.org/resource/audiovis/photodup.html; Online access is provided for research purposes only. For rights and reproduction requests or more information, go to http://www.ohiohistory.org/images/information
File Name	Om1203_1826355_001.tif
Image Height	4162
Image Width	3160
File Size	3706.695 KB

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Youngstown Sheet and Tube Company-Bethlehem Steel Merger Telegrams

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