U. S. STEEL CORPORATION 1986 UNIVERSITY

U. S. STEEL CORPORATION                  1986                                             UNIVERSITY

Alaska is an Inuit word meaning The Great Land; Arizona an Indian name that signifies The Place of Small Springs; Hawaii a Polynesian title; Mexico, as in New Mexico, is from the Aztec name of Mexitl, the Mexican war-god; Panama is an Indian or Spanish name; Philippines is a Latinized Spanish form meaning Land of (King) Philip (of Spain), Filipino meaning an inhabitant of the Philippines; and Porto Rico is a Spanish term meaning Rich Port.

United States Steel Cor'pora'tion. This corporation is the world's greatest combination of capital. It was organized under the laws of New Jersey in March, iQoi, being formed from ten large corporations, each of which was itself a consolidation of several smaller companies. Its total capitalization is $1,404,000,000, or nearly half of all the money in the United States; it represents one sixty-seventh of the total wealth of the United States in 1900. The corporation, when founded, exercised direct and positive control over 213 manufacturing and transporting plants and companies and over 41 mines in 18 states. One hundred of the manufacturing plants were in Pennsylvania, 51 in Ohio, 15 in Illinois, 12 in Indiana, 12 in (New York and the rest scattered from Connecticut to California. Its mines furnished more than half of the total -production of iron-ore in the' United States, four fifths of the bessemer ¹ steel and two thirds of the steel rails. It controlled 1,000 miles of railroads and a lake-fleet of 112 vessels, one third of the tonnage on the northern lakes. By "community of ownership" it controlled the anthracite fields of Pennsylvania, thousands of miles of railroads and an ocean steamship line. It 1 as rapidly increased its holdings. The company controls steel interests in America. Our steel exports in 1900

were valued at $130,000,000. Manufacturers of other countries look upon this concentration of interests as a strengthening of American exporting capacity.

U'niver'sity, a higher educational institution, having the right to give degrees in several departments of learning and" with a body of teachers or faculty in each of the different schools or colleges connected with it. The modern university, dating back to the 12th or 13th century, is thought to be the outgrowth of the schools connected with the convents and monasteries throughout Europe. When some popular teacher, as Abelard or Peter Lombard, drew crowds of students, these usually formed themselves into a corporation to which was given the name of uniwrsitas. Some of the early universities, as that of Paris, were formed by a body of teachers, while others, as Bologna, were corporations of students. The faculties of a university are the teachers in particular departments, as the faculty of law, faculty of arts etc. The two highest officers of a university have usually been the rector and chancellor. A degree is given by the university when a student has passed through a certain part of the course of study. The degree of doctor or master at first entitled the person who received it to teach in the university giving the degree. Pope Nicholas I near the end of the 13th