Eugene Gifford Grace (August 27, 1876 – July 7, 1960) was the president of

Bethlehem Steel Corporation The Bethlehem Steel Corporation was an American steelmaking company headquartered in Bethlehem, Pennsylvania. For most of the 20th century, it was one of the world's largest steel producing and shipbuilding companies. At the height of its succ ...

from 1916 to 1945, and chairman of the board from 1945 until his retirement in 1957. He also served as president of the

American Iron and Steel Institute The American Iron and Steel Institute is an association of North American steel producers. With its predecessor organizations, is one of the oldest trade associations in the United States, dating back to 1855. It assumed its present form in 1908 ...

, and sat on the board of trustees for

Lehigh University Lehigh University (LU) is a private research university in Bethlehem, Pennsylvania in the Lehigh Valley region of eastern Pennsylvania. The university was established in 1865 by businessman Asa Packer and was originally affiliated with the Epi ...

Early years

He was born in

Cape May, New Jersey Cape May is a city located at the southern tip of Cape May Peninsula in Cape May County, New Jersey, United States, where the Delaware Bay meets the Atlantic Ocean. It is one of the country's oldest vacation resort destinations, and part of ...

, the son of a sea captain John W. Grace, and Rebecca Grace. He married Marion Brown, daughter of Charles Brown, co-founder of the Brown-Borhek lumber supply company. Grace attended

Bethlehem, Pennsylvania Bethlehem is a city in Northampton and Lehigh Counties in the Lehigh Valley region of eastern Pennsylvania, United States. As of the 2020 census, Bethlehem had a total population of 75,781. Of this, 55,639 were in Northampton County and 1 ...

, and played for the university

baseball Baseball is a bat-and-ball sport played between two teams of nine players each, taking turns batting and fielding. The game occurs over the course of several plays, with each play generally beginning when a player on the fielding t ...

team. He was considered to be one of their best players, playing

shortstop Shortstop, abbreviated SS, is the baseball or softball fielding position between second and third base, which is considered to be among the most demanding defensive positions. Historically the position was assigned to defensive specialists wh ...

and

batting Batting may refer to: *Batting (baseball), the act of attempting to hit a ball thrown by the pitcher with a baseball bat, in order to score runs *Batting (cricket), the act of defending one's wicket with the cricket bat while attempting to score ru ...

a .400 average. Upon graduation in 1899, at the top of his class and as

valedictorian Valedictorian is an academic title for the highest-performing student of a graduating class of an academic institution. The valedictorian is commonly determined by a numerical formula, generally an academic institution's grade point average (GPA) ...

, he turned down a contract to play for the

Boston Braves The Atlanta Braves, a current Major League Baseball franchise, originated in Boston, Massachusetts. This article details the history of the Boston Braves, from 1871 to 1952, after which they moved to Milwaukee, and then to Atlanta. During it ...

to work as a crane operator for Bethlehem Steel. Though his friends doubted his decision, by 1913 he had worked his way up to become president of the company, and three years later, president of the corporation.

Industrial career

Grace led the company through

World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was List of wars and anthropogenic disasters by death toll, one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, ...

, tripling the company's steel output over the course of the war. By 1929, through several acquisitions, the company operated nine major steel plants. He is quoted as saying "Gentlemen, we are going to make a lot of money." when informed of the outbreak of

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the World War II by country, vast majority of the world's countries—including all of the great power ...

in 1939. He was right, as Bethlehem Steel quickly became one of the major steel suppliers of the war, as well as constructing many ships for the

United States Navy The United States Navy (USN) is the maritime service branch of the United States Armed Forces and one of the eight uniformed services of the United States. It is the largest and most powerful navy in the world, with the estimated tonnage ...

. The company constructed 1,127 ships for the U.S. military during the war years. In 1941, he received the second highest salary and compensation package in the U.S., $522,637. During his career, Grace earned a reputation for strident anti-unionism. After the war, Grace led the company to retool for peace time, and they changed focus to building bridges, including the

Verrazano-Narrows Bridge The Verrazzano-Narrows Bridge ( ) is a suspension bridge connecting the New York City boroughs of Staten Island and Brooklyn. It spans the Narrows, a body of water linking the relatively enclosed New York Harbor with Lower New York Bay and t ...

, and

skyscraper A skyscraper is a tall continuously habitable building having multiple floors. Modern sources currently define skyscrapers as being at least or in height, though there is no universally accepted definition. Skyscrapers are very tall high-ri ...

s. Grace was generous with the money he earned, and donated much to

and the city of

Bethlehem Bethlehem (; ar, بيت لحم ; he, בֵּית לֶחֶם '' '') is a city in the central West Bank, Palestine, about south of Jerusalem. Its population is approximately 25,000,Amara, 1999p. 18.Brynen, 2000p. 202. and it is the capital ...

. He retired from the company in 1957. He died in 1960 and was buried in Nisky Hill Cemetery in a site overlooking the steel plant in South Bethlehem.

References

External links

Eugene Gifford Grace
at Explore PA History * {{DEFAULTSORT:Grace, Eugene 1876 births 1960 deaths American steel industry businesspeople Bethlehem Steel people Crane operators Lehigh University alumni People from Bethlehem, Pennsylvania People from Cape May, New Jersey