Andrew Carnegie, reinvesting his money in railroad…

Andrew Carnegie, reinvesting his money in railroad related industries (iron, bridges, rails), has been able to slowly earn his first big capital, which will be the basis for his later success.

The Scottish-born immigrant, eighteen in 1853, had been employed by Thomas A. Scott of the Pennsylvania Railroad Company as a secretary/telegraph operator at a starting salary of $4.00 per week.

Soon beginning a rapid advancement through the company, he eventually becomes the superintendent of the Pittsburgh Division in 1859.

Scott had also helped him with his first investments.

In 1855, he had been able to invest $500 in a successful firm called Adams Express.

He later invested money in sleeping cars for the Pennsylvania Railroad Company and bought part of the company that made the wagons, which again had turned out to be a very profitable investment.