Clarksville chronicle. (Clarksville, Tenn.) 186?-1872, 1871-01-21
A NEW AND PROFITABLE ENTER
PRISE.
Astonc Conl- rnrnscc to be Buiis.
The figures Given.

On the morning Of the 9Th of Jan,
1871 several gentlemen who stand
high every way In this community,
and are particularly distinguished for
their good practical sense, enterprise,
ability and influence, casually met In
n banking house OF this city. and AS
might be supposed from the meeting
OF such men, the question of the pres
ent business prospects OF our city and
county, were incidentally discussed,
and by these gentlemen, II was adj
mitted that the business prospects of
both town and county, Were not what
they should be, even under the pres
ent unfavorable surroundings and
among such men the question or con-
~sideration, what can and should be
done to insure present and future pros
perity to the community, called for
ard had their due and calm consider
alton, and they were unanimous In
the opinion, that o combined and har-
monious effort on the part of this
community, each member with his
shoulder to the wheel, aiding to the
utmost of his ability, no longer look
ing for aid from Others, could and
should initiate some enterprise which
would be "a success, and around which
as a nucleus, other enterprises would
spring up to an extent, and leading to
a speedy prosperity, not now dream
ed.of by even the most visionary.
The next question considered was
what enterprise of the many dis
cussed held out most inducements, as
being practicable profitable and use
! full, and 1t was believed that no enter
prise owing to our present surround
ings, held out more Inducements US
an initiatOry one than the bu lid
ing of a Blast Furnace, within the
city limits or at some point on the
Memphis, Clarksville and Louisville
railroad, within the limits of Mont
gomery county, for the purpose of
manufacturing pig iron. The third
question was shall the facts ELECTED
on the discussion of this enterprise
be laid before our community through
the medium of our city papers, to the
end that our enterprising citizens
after having thus laid before them
and duly considering the feasibility
of this or any other enterprise, which
might he introduced to their notice,
be calledtoyether, i'm a spirit and de-
termination, which should and no
doubt will characterize such q meet
ing, take the i~nitiat0ry steps, where
by speedily may be consumated, this
or some other enterprise, now unani-
mously admitted to be II pre- requisite,
to stop the downward tendency OF
the business prospects of the commu-
nifty, nay tn start III anew on the
road to future prosperity, finally it
was determined that the facts and
figures bearing upon the enterprise in
question, should be spread before the
community and the writer of this
communication was requested to pre-
pare and hand over to our city papers,
such estimates, facts and figures, as
more particularly bear upon the
plausibility, practicability, utility and
profit, resulting from the erection in
our midst of a Stone Coal Blast Fur.
mace for manufacturing pig iron, by a
joint stock company.
A Blast Furnace of u capacity ia
produce 10000 tons of metal annual.
ly, to be built within the county OF
city, would cost $780, 900.
The three prerequisites in the man
u%facture Of pig iron, are Iron Ore,
Stone Coal and Lime Stone Rock,
these materials when subjected IL
the heat of Il blast furnace, being first
duly and properly combined, pro-
duce pig iron.
The estimate Of the cost per ton Of
these three essential materials d liv-
cred eve under existing circumstan-
ces at some agreed upon point on the
Memphis, GAINESVILLE and Louisville
railroad are as follows. One ton Of
ore will cost 50 50; "a ton of stone coal,
81 so; and a ton of lime stone rock,
81 90, or the cost of making n ton oil
pig metal will be as follows: