Julian L. Yale
Notably, he introduced the Shelby Steel Tube technology to the railway market, helping the growth of a new industry in America.
In 1883, Yale is recorded among the general officers of the Cincinnati and Springfield Railway, as their purchasing agent, along with board directors William H. Vanderbilt, Cornelius Vanderbilt II, financier William Bayard Cutting, Democratic chairman Augustus Schell and Congressman Amos Townsend.
[10] Devereux was a general and railroad builder during the American Civil War, business partner of John D. Rockefeller and Henry Flagler, and was also in charge of hosting the Grand Duke Alexei of Russia, son of Tsar Alexander II, during his official visit to Cleveland.
[4][16] He rose to that position at the incorporation of the company, having served under the various enterprises that were merged before the formation of the conglomerate.
[1] A few years after Yale's departure, the company president Elbert Henry Gary worked with J.P. Morgan to acquire Carnegie Steel, and formed United States Steel Corporation, the first company with a 1 billion dollars market capitalization.
[19][20] After resigning from his position as General Sales Agent of the Illinois Steel Co. around 1897, he launched a partnership in the railroad supply business with chief chemist Townsend.
[21][22] They were also involved in the general iron and steel business, and started operating from the newly built Rookery Building in Chicago, partly designed by architect Frank Lloyd Wright.
[4] Julian L. Yale & Co. was the West and Northwestern States selling agent of the American Rail Joint & Manufacting Co., whose company obtained at the exhibition the contract for supplying the badges of the entire NYC Police force of the New York metropolitan area, made of metal, aluminium, brass, silver, etc.
In 1899, he cofounded the Clarendon Mining Company, an enterprise with a capital stock of $500,000 in Leadville, Colorado, with Congressman and Mayor George W. Cook, Senator William Grover Smith and Col. Joseph J. Slocum, a brother-in-law of millionaire Russell Sage, the cousin of Col. Ira Yale Sage.
[31] In 1900, Yale is recorded as the vice-president of the American Mckenna Process Company, a rail manufacturer with offices and plants in Illinois, Boston, and New Jersey.
[36] Julien L. Yale & Co. is later selling renews rails, freight passengers, engine and tender couples, iron car roots, steam shovels, wrecking cars, victor rivers, soiler tubes, and equipement from the Buckeye Steel Castings Co..[37] They also became Buckeye's representatives in Chicago.
[39] These electric vehicles were built in Cleveland at the time, with Thomas Edison as one of the customers of the main company.
