Carnegie-McCandles' shareholder composition is complex, with a total investment of $750,000 in Carnegie-McCandles, a total of eight shareholders, including Li Mu and Carnegie. Pen, fun, and www.biquge.info

Among them, Carnegie invested $250,000, because Carnegie was responsible for the operation, so Carnegie was able to own more shares, accounting for 40 percent of the company's shares, while Li Mu invested $20,000 plus a series of patents for screws and screwdrivers, accounting for 12 percent of the company's shares.

The company's third-largest shareholder is Coleman, the father-in-law of Carnegie's brother Tom, who invested $100,000 in Carnegie McCandless Steel, and none of the other shareholders invested more than $50,000.

Carnegie McCandlessteel had a bright future, but the economic crisis hit the U.S. economy hard, and the U.S. steel industry shrank by a quarter in a worldwide economic crisis, and Carnegie McCandless Steel was no exception.

Among the shareholders of Carnegie McCandles, Li Mu is now focused on San Diego, and Carnegie is seeking greater development to avoid the economic crisis.

But not everyone was so lucky, as Colemann, the company's third largest shareholder, and the talented engineers from Germany, the Klumann brothers, were on the verge of bankruptcy.

So Carnegie has a reason to adjust the stake in Carnegie-McCandles.

"If Carnegie McCandless Steel wants to get an exclusive license for stainless steel, then I want to increase my shareholding to 25 percent, and if Carnegie McCandless Steel also wants to get an exclusive license for lithium-silver alloy steel, then I want to increase my shareholding to 40 percent." Li Mu made a condition.

If Li Mu's request is satisfied, then Li Mu's stake will be the same as Carnegie's.

Of course, Carnegie's younger brother Tom also owns a stake in Carnegie-McCandless Steel, and the two brothers together still have more shares than Li Mu holds.

"No, no, no, 40 percent, this is too much of a request, and other shareholders will riot." Carnegie disagreed with Li Mu's request.

One thing is obvious, if Li Mu increases his shareholdings, then other shareholders will have to reduce their holdings, including Carnegie, if both Carnegie and Tom's shares are reduced, then their combined shares may not necessarily be more than Li Mu.

At that time, Carnegie, the "boss", was reduced to a "wage earner", and Li Mu was the real "boss".

"Make it clear to other shareholders that 5 percent of a million dollars and 1 percent of 10 million dollars are not the same concept at all, and they will understand." Li Mu is not worried, Carnegie is a "robber tycoon", even if other shareholders do not agree to reduce their holdings, Carnegie has a way to get them to agree.

Of course, Li Mu's words were also said to Carnegie, if Li Mu's shareholding ratio increased to 40%, then it seems that Carnegie's shareholding ratio will decrease, but considering the expansion of the scale of profits, Carnegie will make more money than now.

"I can understand the prospects of stainless steel and weapons steel, but this is something that has not yet been proven, and it is not easy to convince others." Carnegie still didn't let up, and the decision was very difficult for anyone.

"Andrew, is there any interest in building a steel mill in San Diego?" Li Mu is not entangled in one thing, opens up a second battlefield, and wants to completely subjugate Carnegie with scale.

"Santiago?" Carnegie couldn't accept Li Mu's divine turn.

"Yes, Santiago, you should know that Cuba is rich in mineral resources, nickel, cobalt, manganese, chromium, iron and copper, among which nickel reserves are the largest in the world, and iron reserves are even more abundant, almost all the iron ore in the world is on this island, as for copper, I can guarantee that there is copper on every mountain in Cuba, and it is almost an island made of iron and copper - how about it, are you interested?" Li Mu used Burnside's words to fool Li Mu, and now he uses them as they are to fool Carnegie.

The Spaniards have occupied Cuba for hundreds of years, and the mineral resources on the island are no secret to the world, these are almost all public information, and the Spaniards have also used them to fool American tycoons into investing in Cuba.

The Spaniards have indeed succeeded, and there are many mines and plantations invested by Americans in Cuba at present, so the US government is so concerned about Cuba, and for the United States, Cuba is now a treasure trove, and everyone wants to come and see if they can open the door to the treasure house.

Li Mu is now the one closest to the gate.

"Well, how big of a steel plant are you going to build?" Carnegie seemed interested, and perhaps that was one of the reasons Carnegie came to San Diego.

"Four Besimer five-ton converters, two rotary furnaces, plus four Siemens five-ton iron melting furnaces, as well as supporting gas generators and electrical steel equipment, the total investment is about 2.5 million US dollars." Li Mu's shot must be a big deal, and Li Mu didn't consider investing less than one million dollars at all.

Hearing the scale described by Li Mu, Carnegie immediately became short of breath, if Li Mu's idea came true, then this steel plant would have four times the output of Carnegie-McCandless Steel, and Li Mu's factory would definitely produce stainless steel and weapons steel, that is, if Carnegie didn't make a decision now, then when Li Mu's factory began production, Carnegie's factory would be forced to death by Li Mu's factory.

One thing is certain, Li Mu in Cuba is not too much to describe as "covering the sky with one hand", Li Mu can obtain cheaper raw materials, can hire cheaper workers, which will make Li Mu's factory products have strong competitiveness.

The key to all of this is that Carnegie believes that Li Mu will conduct research in other aspects, and if Li Mu's factory is put into operation, then Li Mu's factory products will be more competitive, and there is really not much time left for Carnegie.

"After the new factory is established, the annual steel output can reach more than 60,000 tons, you should know what this means-" Li Mu threw another heavy weight on the scale.

60,000 tons!

Owning this production in 1873 would have made all the steel barons die with hatred.

Combined, the output of all American steel companies was less than 70,000 tons in 1870.

Of course, this time period is in the rapid development of the American steel industry, by 1880, the United States steel production will reach 1.25 million tons, and then by 1890, this number will climb to 4.277 million tons, and the construction period of the steel plant is calculated in years, even if Li Mu's factory starts construction now, it will not start production until about 1875.

"I—" Carnegie had despair in his eyes, and a hint of begging, and he almost shouted: "The old driver will take me."

To be desperate indeed, just a week ago, Scott, the general manager of the Union Pacific Railroad who knew Carnegie, asked Carnegie for help, and Carnegie flatly rejected Scott in order to protect himself, preferring to be saddled with the infamy of "ingratitude".

In times of economic crisis, not everyone can easily come up with millions of dollars.

Even if you debone Carnegie now, it won't sell for a million dollars, and all of Carnegie's net worth is at Carnegie McCandles.

In other words, now Carnegie has no money.

"Listen to me Andrew, we are partners and best brothers, so don't worry, if there is good business, I will definitely think of you." Li Mu said what Carnegie wanted to hear the most.

"Reem, Reem, my good brother, I can't describe my heart-" Carnegie was really in tears at this time, and he cried after hugging Li Mu.

It's hard to describe how much pressure Carnegie was under during this time, the raging economic crisis -- the toddler steel company -- the help from his benefactors -- the accusations from others -- the constant bankruptcy of his partners -

Dale Carnegie was right when he said that he really didn't get much sleep during this time.

"I don't need you to invest a penny, but I need your management, and your technicians, and for that I can give you ten percent of the shares, not to be too little of my brother, and I also have to convince my partners, and at the same time reduce my shareholding." Li Mu set an example for Carnegie, depending on whether Carnegie is on the road.

"My brother who didn't say it, when I get back to Pittsburgh, if they don't agree with you increasing your shares, then I'll make up for it from my shares—" Carnegie relented and resolutely jumped into Li Mu's chariot.

That's right, cooperation is mutually beneficial.

Li Mu really needs Carnegie's help, although during the economic crisis, Li Mu can easily hire managers and technicians, but Carnegie is Carnegie, in the field of steel, Carnegie's position is like Li Mu in San Diego, even if it is Li Mu, even if he has patents for stainless steel and weapons steel, Li Mu does not dare to say that he will definitely be able to beat Carnegie in the field of steel.

If Ebel's message to Lee was correct, Carnegie was currently lobbying Congress to pass a "Protection Bill" on steel, and if Carnegie had achieved his goal, the United States would impose a 90 percent tariff on imported steel, which would have increased to 126 percent by 1883, and then 147 percent by 1889.

Although Li Mu does not know how high the tariffs will be in the future, Li Mu's factory is in San Diego, and if Li Mu wants to import steel produced in San Diego to the United States, then Li Mu will also have to face tariffs of up to 90%.

I have to say that if you want to get ahead in the United States, it is impossible for no one in the DPRK, such as Carnegie, the reason why he has the ability to influence Congress is because Senator Amz, when Carnegie worked for Union Pacific Railroad before his career, Amz was the general manager of Union Pacific Railroad.

Of course, if Li Mu also joins the lobbying queue, then it is estimated that this "protection bill" will be passed tomorrow, and when it comes to influence in Congress, Li Mu can throw Carnegie ten streets.