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750,000 bequest from his uncle
Russell. Eagan continued investing in property, stocks and a few businesses. Humbled by his blessings, Eagan tithed to the church, supported numerous charities benefiting the poor, and used his business influence to improve conditions for workers. A May 13, 1900, entry in Eagan's diary included this prayer: "O Lord show me how to invest Thy wealth to promote Thy glory, so that I may bear much fruit."
148:". He paid good wages and kept shifts to nine hours or less with overtime and sick leave, invested in worker safety programs, and treated all employees with fairness. He also constructed affordable housing for workers, as well as schools, churches, a medical clinic, a library, a bank, and an employee-operated store. He shared the company's profits with employees.
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While developing his plan for ACIPCO, Eagan bought back all the common stock of the company to become its sole owner by the end of 1921. In April 1923, Eagan added a codicil to his will placing all the company stock in a trust for employees. In Eagan's words, his object was to ensure "service both to
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Although Eagan had prospered in the tobacco business inherited from his uncle, he did not believe this should be his life's work. In an April 7, 1901, diary entry, Eagan wrote: "My chief end is to glorify God. I believe there are fields of endeavor where I can glorify Him more than in this business.
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Eagan was the son and only child of John Joseph and Mary V. Russell Eagan of
Georgia. His father died of tuberculosis on July 19, 1870. His uncle William Russell, who owned the W. A. Russell Tobacco Company in Atlanta, moved Mary and John to Atlanta. John was studious and excelled in school, studied
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At age 16, Eagan left school and returned to
Atlanta. He worked at a grocery store briefly until starting work at his uncle's tobacco store. At age 21, John inherited $ 6,000 from his grandmother. He invested the money and by 1899 had a fortune of over $ 73,000. When Eagan was 29, he inherited a $
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Eagan was inducted into the
National Management Association Hall of Fame in 1998, the Kiwanis Club Birmingham Business Hall of Fame in 2001, and the Alabama Men's Hall of Fame in 2007. In 2014, Weld for Birmingham listed him among
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the Bible and was active, along with his mother, in
Christian ministry at Central Presbyterian Church in Atlanta. The Eagans also lived for periods of time with Mary's sister in Cartersville and on the farm of a family friend.
132:. With its natural resources, access to raw materials and rail transportation, Birmingham was considered a well suited location. Eagan was one of five charter investors in the Birmingham pipe plant, which was named
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was named president and Eagan became chairman of the ACIPCO Board of
Directors. McWane left ACIPCO in 1921 and Eagan began a second term as president, serving in this office until days before his death in 1924.
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In 1905, Charlotte Blair, secretary of
Dimmick Pipe Company in Anniston, Alabama, along with her brother James W. Blair, interested several southern businessmen in the idea of starting a new pipe plant in
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Eagan and his wife, the former Susan Baum Young, had two children, Bill and Ann. Eagan died in
Asheville, North Carolina, where he had traveled in hopes of regaining his health. He is buried at
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In accord with his
Christian beliefs, and influenced by social and industrial reform movements of the day, Eagan developed a business model at ACIPCO based on the "
156:, electing its own members to the company's board. Eagan had suffered from tuberculosis for many years and died from one of its common complications—meningitis.
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the purchasing public and to labor on the basis of the Golden Rule." When he died on March 30, 1924, ACIPCO became an
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and came to be recognized by the acronym ACIPCO. He served as the company's president from 1905 until 1915, when
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Therefore it is my duty to get into the field where I can glorify Him most."
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Iron and Steel: Class, Race, and
Community in Birmingham, Alabama, 1875-1920
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Sloss Furnaces and the Rise of the Birmingham District: An Industrial Epic.
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John J. Eagan - A Memoir of an Adventurer for the Kingdom of God on Earth.
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in Birmingham's Acipco-Finley neighborhood was named in his honor.
217:. Chapel Hill, North Carolina: University of North Carolina Press
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108:) was an American industrialist and co-founder of the
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John J. Eagan: The Golden Rule for Life and Business.
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54:but its sources remain unclear because it lacks
195:. Birmingham: American Cast Iron Pipe Company.
192:Acipco: A Story of Modern Industrial Relations
203:Tuscaloosa, AL: University of Alabama Press.
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130:Birmingham, Alabama
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161:Westview Cemetery
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