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Founders Notes: Henry Clay Frick

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Henry Clay Frick Quentin R. Skrabec, Jr. Frick needed an additional $10,000 to finance the beehive coke ovens, and he approached Judge Thomas Mellon. What Frick lacked in experience, he made up for in hope and enough business sense to persuade Mellon for the loan. Mellon recognized Frick as "determined, persuasive, and audacious entrepreneur after his own heart." NOTE Thomas Mellon funds Henry Clay Frick. Continued on next highlight. Andrew Carnegie and Henry Clay Frick David Senra But their limited capacity meant that Carnegie could actually buy cheaper coke from competing operators. As a result, Carnegie decided to sell his own ovens and buy all of his coke on the open market. He dispatched his brother Tom, who's going to be his partner, to go meet with the principal manufacturer of coke, one Henry Clay Frick. So I cover the early life of Henry Clay Frick on -- actually I read a biography of him, all the way back on Founders Episode #75. But I want to jump into when he's a young man and go over how Frick got into the coke industry. There is essentially like lots of borrowed money, like the early years of Rockefeller's career, right? He -- there was a line in one of Rockefeller's

Henry Clay Frick Quentin R. Skrabec, Jr. Frick needed an additional $10,000 to finance the beehive coke ovens, and he approached Judge Thomas Mellon. What Frick lacked in experience, he made up for in hope and enough business sense to persuade Mellon for the loan. Mellon recognized Frick as "determined, persuasive, and audacious entrepreneur after his own heart." NOTE Thomas Mellon funds Henry Clay Frick. Continued on next highlight. Andrew Carnegie and Henry Clay Frick David Senra But their limited capacity meant that Carnegie could actually buy cheaper coke from competing operators.…

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