The Bedford gazette. [volume] (Bedford, Pa.) 1805-current, 1866-08-24


subject Of erecting Rolling Mil at
HopewelI, this county. 1t is with great
pleasure that we comply with this re-
quest and add our sincerest wishes for
the success of the enterprise proposed:
lie is said to be public benefactor
who makes two blades OF grass TO grow
where only one grew before. That
this great fact is true in the useful in
dustrial arts, Is well as in agricultural
economy, appears self evident. Hence.
where single man or company 0fmen.
by the iudiciOus application OF capital
and labor, produce or increase the pro-
duction of materials required i'm the see
ton Of country in which their enter
prise may be located, thcv are not only
benetitting that region specially. but
are contributing to the aggregate in
dustry and wealth ofthc whole country.
The benefits Of suchan enterprise viii
be more fully appreciated when it is
known thatthe produced article is man
ulacturcd from ma erials native to the
section embraced in the operations. 1t
is true that parties entering on such an
enterprise expect from the general ben
e!its conferred by it to realize, by care
ful and economical management. q iib-
eral return on their investment
Approaching the above facts, q few
gentlemen have united to canvas Dor
tlUnS of the counties OF Huntingtl0n
Bedford, Fulton, Blair and Somerset TO
solicit subscriptions ofstock for the pur-
pos" 0f erecting Il merchant bar Rolling
MilIat thetoWn of HopeWell or SaXt0n,
or such other point as majority Of the
Stockholders may deem most eligible.
It is proposed to issue 700 shares of
Stock OF 500 each, making the capital
S70,U 900. 1T is not intended TO begin OPP
eraciOns until the Stockholders decide
not only the location of the mill, but
also its general capacity. and cost, for
which purpose, it is proposed that after
organization the Stockholders appoint a
committee to report on the most econ
nmical machinery, its cost capacity, en-
pcnse of working, and estimated revc-
nue with other matters pertinent to the
en.erprise--;tttcr which the>tock will be
called in 10 meet the expenses OF the
work as they accrue. The mill is in
tended to roll ordinary bar iron for gen
eral country use, giving special atten-
tiOn to the scantling Of iron required by
the coal operators in the Broad Top
Coal Region. Ii is not designed 10 af,-
ticipate the report Of the committee 10
bc appointed by the stock holders, but
to briefly advert to the fact Of the gen
eTal prosperity Of the rolling mills Of
the country. Circumstance, we'll authcu-
ticated may be adduced-a rolling mill
and nail manufacturing company III a
small town, realized during the past
year, net profit Of SIl, ,0O0 on an invest
meut in machinery and mill of about
SI0, GEO. II is reasonably claimed for
the present enterprise that itcan obtain
a portion of IFS supply OF pig iron from
the HupeWelI Furnace and the balance
rom furnaces in the district embraced
in It's operations. Hence if a liberal
prof ran be made, say at PittsbUrg, by
manufacturing bars from pig iron, a
large portion ofWnich j. procured from
furnaces in the Juniata district, amuch
larger profit S5oUd be realized by the
manufacture Of iron bars in the vicini-
y where the pig iron is produced, a.
JHe freight Of the pig iron to Pittsburg
and the return freight on manufactured
bars is saved, thus:
Freight on II tons Of pig iron to
pittsburg to make one ton Of
Merchant bar 50 90
Freight on I ton Of Merchant bar
from Pittsburgto BroadTop $1,000
Total freight aud expenses $1,000
. Estimating $40 to cover all freight char
ges on Dig metal 20 and manufactured
bar from the proposed works, ii shows
( a saving OF $500 per ton on manui9c-
( turcd iron. The demand fOr iron in the
/ Broad Ton Coal region j. estimated at
I 1900 tons per year, which at the mere
saving in freight of Sij,0 per ton Will
/ rive $.J,htU.
/ 1t may be claimed thai in Pittsburg
and other manufacturing towns skilled
/ Iab0ris easily prOcured-this itisbeliev-
/ Cd viii be fully compensated by the ad-
: VautagG7 offered to such WOrEmen 10y
! cheap rents i'm country location, when
I il Is considered thut the Broad Top re-
/ ginn aL0ands in All the elements re-
Guirrd for the successful manufacture OF
! iron excellent coal coke aud its justly
/ celebrated JuMiata pig iron 10 work on,
/ thc success of such an enterprise can
/ scarcely be doubted. 1t is confidently
/ believed that the quality Of ron manu-
featured viii not, with ordinary care
and skill. be iuferiorto any in the com
trv. Ii can therefore be offered in mar
! ket with full reliance that it viii give
} the purchaser entire satisfaction and
/ thus secure permanent demand.
! Should the new Tariff Bill, a. recently
! passed by Il large majority in the pop
/ uiar House OF Congress, become Il law,
it would undoubtedly stimulate and
foster this great branch Of the National
industry, and give more than full work
To all the rolling mills i'll the country
/ TO supply the home demand.
Believing the statements thus sub
mitted to be substantially correct, they
respectfully and earnestly invite theco-
ou@ration Of their fellow citizens in eS.
,ab!ishing the proposed works. They
entertain nodOuht that az Industrial au.
terprise 0i this Kind presents safe and
reliable opportunity for investing cap
ital where L will not only be rcmuner
ativc 10 the subscribers, but viii confer
Il permanent benefit on their own sec
ti5n nf jhc cuuntry-stimUIajin Other
branches Of industry and commerce II
It's limits, and increasing its population
and wealth. This Is no wild specula
ton. anticipating fabulous dividends
but matter ofindu-triaj fact Ofsnpply
and deuIand-loOking to fair profits Il
lone on careful! investment in manu-
+ .aclurc demanded by thC wants arounC
It. lin a region of country where aS yc
no Surh works have been established.
The opportunity, thus presented, i
now open to ticCitiZcns 10 secure tsad