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A timeline of Chicago Tube & Iron’s history from 1914 – 1941

 

 

 

The
Originals

A group of guys with an idea. An idea not really new even 100 years ago, but a sound idea…build a company on people.

1914
The
Beginning
Founding President
Emory E. Peter

Emory E. Peter, Founding President
In 1914, when CTI was incorporated, we employed 40 men and utilized 50,000 square ft. in the Soo Terminal at 15th and Jefferson Streets, Chicago, IL

1914
Snapshot
of the times

  • It’s a long way to Tipperary is most popular song.
  • Charlie Chaplin introduces the tramp.
  • Sarah Bernhardt is awarded the legion of honor.

WWI

During and after WWI the company paid dividends to shareholders of record in the form of 40% in cash and 60% in Liberty Bonds.

1918
Herb
Haigh

A young Herb Haigh began his career at Chicago Tube and Iron in 1918 with no more than his high school education. By 1919 (20 yrs. old), Mr. Haigh was the manager of the tube department, showing promise and good business acumen.

By 1921 (22 yrs. old), Mr. Haigh qualified as a Board of Director by being “loaned” 1 share of company stock to allow him to act as Corporate Secretary.

1921
Relocation

In March 1921, the company relocated to 2531 West 48th Street, Chicago, IL

Early 20's
Herb
Haigh's
Career

By 1922 (23 yrs. old), Mr. Haigh was the Assistant Sales Manager

By 1923, Mr. Haigh held 24 shares of company stock

By 1924 Mr. Haigh held 45 shares of company stock, 21 awarded for appreciation of his dedicated service to the company.

1929
Cut in Pay

In 1929 everyone took a cut in pay. Office workers did paperwork until 4:00 p.m. then put overalls on and loaded pipe by hand.

1933
Tornado
hits plant

1933 our plant on 48th St. was hit by a tornado. The northwest corner of our second floor was hit, and the roof was dumped into our office thru the skylights.

1941
Herb
Haigh
becomes
President

By 1941 (42 years old), Mr. Haigh became President, dictated by the bank after the Peter brothers de-capitalized the company for their oil drilling venture.

 

 
 

A timeline of Chicago Tube & Iron’s history from 1942 – 1972

A timeline of Chicago Tube & Iron’s history from 1975 – 1991

A timeline of Chicago Tube & Iron’s history from 1998 – 2006

A timeline of Chicago Tube & Iron’s history from 2007 – 2013