Henry Clay Frick

Frick, Henry Clay, 1849–1919, American industrialist, b. Westmoreland co., Pa. He worked on his father's farm, was a store clerk, and did bookkeeping before he and several associates organized (1871) Frick & Company to operate coke ovens in the Connellsville coal district. He strengthened his position by buying out competitors during the Panic of 1873 and soon held a key place in the industry.

Andrew Carnegie, in order to control a business so vital to steelmaking, acquired heavy interests in Frick's organization. Frick, in turn, was given large holdings in the Carnegie company, and because of his managerial ability, he was made (1889) chairman of the steel company. He played a key role in the organization (1892) of the Carnegie Steel Company, and as its acting head Frick engineered a large expansion of the company by buying out competing companies and acquiring many holdings in railroad securities and in Lake Superior iron ore lands. Frick, frequently over Carnegie's protest, dealt in strong-handed fashion with the company's workers, and his adamant stand resulted in a pitched battle in the strike (1892) at Homestead, Pa.—one of the bitterest strikes in U.S. history (see Homestead strike). He was largely responsible for the antiunion policy that characterized the steel industry for many decades.

Disputes between Frick and Carnegie led to a struggle between them for control, and in 1899 Frick resigned. He became a director of the U.S. Steel Corp. and turned to other interests, chiefly railroads. His mansion in New York City, together with his art collection and endowment of $15 million, was willed to the public as a museum. Princeton and the city of Pittsburgh also benefited from his philanthropies.

See biography by G. B. M. Harvey (1928).

The Columbia Electronic Encyclopedia, 6th ed. Copyright © 2012, Columbia University Press. All rights reserved.

More on Henry Clay Frick from Fact Monster:

  • George Brinton McClellan Harvey - Harvey, George Brinton McClellan Harvey, George Brinton McClellan, 1864–1928, American ...
  • Alexander Berkman - Berkman, Alexander Berkman, Alexander , 1870?–1936, anarchist, b. Vilna (then in Russian ...
  • Duveen, Joseph, 1st Baron Duveen of Millbank - Duveen, Joseph, 1st Baron Duveen of Millbank Duveen, Joseph, 1st Baron Duveen of Millbank , ...
  • Andrew Mellon - Andrew Mellon financier, public official, philanthropist Born: 3/24/1855 Birthplace: Pittsburgh, ...
  • D - F - D - F David Dale Marcus Daly Thomas Danforth Herbert Joseph Davenport Edward Davy Charles Gates ...

See more Encyclopedia articles on: Business Leaders