[The Age of Big Business by Burton J. Hendrick]@TWC D-Link book
The Age of Big Business

CHAPTER IV
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Thomas Sanders received somewhat less than $1,000,000 and lost most of it exploiting a Colorado gold mine.

Gardiner Hubbard withdrew from business and devoted the last years of his life to the National Geographic Society.

Thomas Watson, after retiring from the telephone business, bought a ship-building yard near Boston, which has been successful.
In making this settlement with the Western Union, the Bell interests not only eliminated a competitor but gained great material advantages.
They took over about 56,000 telephone stations located in 55 cities and towns.

They also soon acquired the Western Electric Manufacturing Company, which under the control of the Western Union had developed into an important concern for the manufacture of telephone supplies.

Under the management of the Bell Company this corporation, which now has extensive factories in Hawthorne, Ill., produces two-thirds of the world's telephone apparatus.


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