Charles Schwab did ultimately see his reward, humble as its beginnings may have been (remember—it was just an idea outspoken that resulted in this unparalleled success!).
Cause And Effect
“There was an uproar, of course. A British correspondent cabled that the foreign steel world was ‘appalled’ by the gigantic combination. President Hadley, of Yale, declared that unless trusts were regulated the country might expect ‘an emperor in Washington within the next twenty-five years.’ But that able stock manipulator, Keene, went at his work of shoving the new stock at the public so vigorously that all the excess water—estimated by some at nearly $600,000,000—was absorbed in a twinkling. So Carnegie had his millions, and the Morgan syndicate had $62,000,000 for all its ‘trouble,’ and all the ‘boys,’ from Gates to Gary, had their millions.
“The thirty-eight-year-old Schwab had his reward. He was made president of the new corporation and remained in control until 1930.”
The dramatic story of “Big Business” you have just read was included in this book because it is a perfect illustration of the method by which desire can be transmuted into its physical equivalent!
Presumably, some readers will question the statement that a mere, intangible desire can be converted into its physical equivalent. Doubtless some will say, “You cannot convert nothing into something!” The proof is in the story of United States Steel.
The Minds Of Great Men And Women
That giant organization was created in the mind of one man. The plan the organization undertook to acquire the steel mills that gave it financial stability was created in the mind of the same man. His faith, his desire, his imagination, his persistence were the real ingredients that went into United States Steel. The steel mills and mechanical equipment acquired by the corporation, after it had been brought into legal existence, were incidental, but careful analysis will show that the appraised value of the properties acquired by the corporation increased in value by an estimated six hundred million dollars, just from the completion of the transaction that consolidated them under one management.
Recipe For Success
The real recipe for Schwab’s, and likewise United States Steel’s, success is these four simple points:
It’s a simple recipe, but the only one at the heart of any success. The beauty of it all is that this simple recipe can be just as easily concocted by you or by me, or by any other person who can nurture these four points of personal success. What will your recipe create?
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