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Munsey's Magazine, March 1912

1912 · 159 pages

Munsey's Magazine, March 1912 "The Millionaire Yield of Pittsburgh" by Isaac F. Marcosson is the primary feature in this issue. The article traces Pittsburgh's rise from a colonial French outpost (marked by Celoron de Bienville in 1749) into "the most remarkable cradle of wealth in America." Marcosson attributes the city's extraordinary concentration of millionaires to three factors: the character of its Scottish-Irish, Welsh, and German immigrant workforce; its strategic geographic position at the confluence of the Allegheny and Monongahela rivers; and the presence of natural resources (coal, limestone, natural gas). The article profiles major Pittsburgh industrialists—Andrew Carnegie, Henry C. Frick, B. F. Jones, James Laughlin, and George Westinghouse—and recounts anecdotes illustrating the self-made nature of Pittsburgh fortunes. A lengthy section describes William Henry Brown, an early coal baron who began by digging coal himself and eventually dominated coal commerce on inland waterways. The editor notes this begins a series on American cities; next month will feature Cleveland.

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