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SUMM ARY.
CHAPTER I.
The first chapter of the book has got its name "Högbo Bolag"
from the great concern which was formed for the exploitation of the
Swedish Bessemer process. The chapter opens with a short reference
to the firm of Daniel Elfstrand & Co, whose managing director
towards the close of the 1850’s was G. F. Göransson. This firm got
into difficulties during the financial crisis of 1857 and went into
liqui-dation six years låter. Then follows a description of the different stages
in the development of the Högbo company. In 1857 Göransson
went to England ön business and during this visit he was first offered
Bessemers patent. About a year låter, in the summer of 1858,
Göransson had succeeded in his steel production where Bessemer had
tried in vain, and he went to England with the object, both of
intro-ducing the new steel and of finding out whether it would be possible
to finance the exploitation of the new process with English capital.
These enquiries were möre or less actively carried ön till the autumn of
1861, when the new company, contrary to earlier intensions, financed
only with Swedish capital, began to take shape. To begin with the
Högbo Company consisted of seven large and small mills in the
Gästrikland region some 200 km. north and north-west of Stockholm. In
addition to these mills the company built a large plant at Sandviken near
Gefle, exclusively for the production of Bessemer steel.
A description is then given of the progress and development of
this works at Sandviken during the next few years. They started
building it in the spring of 1862 and by the autumn of 1865 the
production was in full swing. The main artides produced were steel of
different kinds and railway t.yres. The major part of the production
was sold abroad, where the company either had its own agents as
in Paris and St. Petersburg or had connections with independent
wholesalers.
After a few years, however, it became evident that the Högbo
Company^ financial supporter, Johan Holm, who was a prominent figure
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