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#75 Henry Clay Frick: Andrew Carnegie's Partner
Founders
Coke Price Drops to 90 Cents a Ton
Frick was making a fortune in the panic that was toppling the rich of Wall Street. The price of coke dropped to 90 cents a ton. While Frick expanded, he kept a cash reserve to protect against any problems. He started to look to the future buying coal lands, which were being sold at depressed prices.
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