Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1873-11-20
Making d fatal CT.

This amount sub5tracted from the
products of nails, valued at $552. 500,
leaves net profit of S47, 800, OF about
33 per cent. on the capital stock.
Tosliow that this is not an impracti-
cable estimate the following brief his
tory of the Bellaire Mil Works is
given:
"GHhe BelIaire Nail Works, located
about six miles south of Wartin's Fer
ry, Ohio, haze been in successful cper-
alton for nearly five years, starting
with s pudding furnaces and q nail
machine, and though burned down
once, it has already paid for itself and
incress cd its capacity 10 IS pudding
furnaces aIlt: 81 nail machines, and now
have orders far i'll advance OF tlieir
capacity TO tiil. very lately they in-
creased their capital stock 10 near 5000
600. to huiid :. blast furnace near the
ndii W OrlS i'll order TO facilitate their
busiDca$. Every pudGiing and mailer
Of Ji,y beiiaire Mali Works is :. stock
haiG.ts. 3,Uur-iiit:.5 gI the capital stock
is U~Ee;t ~ tne workmen-thu5m max
Jog themselves Slye against strikes 0isG
t0cisouts.' -
\ STOCK holder OF these works, Zone
Of The few non-operatives,) informed
the writer Il short tine ago, that at the
Orguu iZatiOu Of the Company five years
ago, lie invested $4,000, and altOuhgh
once burned out, me would not accept
S25 ,G0G los, MS interest,"" (and it is not
for safe. Z stakeholder OF one of the
Wheeling nail mills, Ga resident of Mar
tins Ferry, holds Il So, 900 interest.
| The dividends received during the
year 1872, amounted to ,730-nearly
sixty per cent. Another citizen of
Martins Ferry, about two years ago,
, bought shares il another of the Wheel
| ing nail works and paid $500 to $500
stock, and in two years he had received
| his money back in dividends. These
ieXamples may suffice to illust Aate the
success of nail works in this locality,
and it is only necessary to refer the
reader to the present financial position
of the principal of the Well-known
| Wheeling Nail Manufactures, com par
ed to the start which about 20 years ago
they made us cooperative nailOrs.
1t seems that they design not only to
make regular Wheeling Nail at the
Ohio City Iron and Nail Works, but
also what is known as the Barb Nail
which the pamphlet says is rapidly
growing in favor strictly on its merits.
The Company has the exclusive right
to manufacture said nail.
Tls manufacturing surrounding OF
the new enterprise are given as fol-
lows:
In the School District of Martins
Ferry, there was 2,500 inhabitants,
furnishing the labor and principal por
ti0n OF the capital for ii delivery OF
manufacturing establishments, am Ong
which we may mention blast furnace
the pioneer furnace of Eastern Ohio,
which has been in blast since 1856, now
operated by the Benwood Nail Works,
of Wheeling ". Va, and turning out
metal above the average standard of
product and quality. 1t is noted as be-
ing among the very successful furnaces
of the Eastern Ohio district.
There is also a foundry and maching
shop, having capacity for and now con-
Structing blast furnace and rolling mill
machinery-ii stove foundry for a9ri-
cultural works; one OF the largest flint
glass works in the country; planning
mills, wooden factory, nail keg and
barrel factories, grist mill, saw mill
and TOOL works. In addition there are
two rolling mills, and nail factory,
one steel works and Il planning mill in
course of erection. Th;is it will be OBJ
served that all the available means of
the town are invested in manufactures,
and this fact is our apology for asking
the attention ui outside parties TO our
believing it to be a worthy
object ofinveStigation.- IRtefiigeRcer.