The workingman's advocate., 1875-02-20
Iron Works in Canada.

The Citi-en, of Ottawa (Canada), brings
to notice an enterprise recently projected
in that place, and states its plans and ad-
vantages in the following term
eve learn that Representatives If lead
ing iron firm in the United States came to
Ottawa last week with n view to organize =
company to develop the valuable iron
mines owned by our enterprising fellow
citizen, Mr.. A. II. Baldwin. They visited
the mine, tested The ore. and expressed
themselves highly satisfied As to its rich
ness and the extent Of the deposit. They
are practical men, having large experience
in the manufacture of iron, and q thorough
knowledge of working mines and construct
ing furnaces. They are now prepared to
commence work at the mines by building
workshops, furnaces, ETC., at q cost not ex-
ceeding, for the present, Sl75, 900. They
are willing to take stock in the company
themselves to the extent of N6, 200, on
condition that the county Of Ottawa and
this city will each grant bonus of $25, 900
in aid Of the enterprise the balance Of
$6O, 600 stock to be taken up by the pub
lie. In addition 70 this q working fund
of $50, 600 will he required, making a total
capital Of $225, 900.
The exact place where the furnaces
and workshops are to be built has yet to
be decided, but we are given to understand
that some of the works connected with the
enterprise will be located in Ottawa, from
which the supplies for the company will
also be derived, if the manufacturers are
met in q liberal spirit by our citizens. In
the present condition Of our city, We cannot
urge the corporation to grant the bonus
required, but We need scarcely remind them
that it would be well to give the company
such encouragement rs they can afford TO
bestow on an enterprise which if successful
will contribute immensely to the future
prosperity vf Re capital. There is a tide
in the affairs Of cities, as well az Of men,
which taken at the full, LEADS Sp to fortune.
Ottaws's opportunity has arrived, anu "'c
hope it will not be neglected. What the
corporation may be unable to do, private
capitalists can accomplish. There are two
valuable iron locations in the immediate
vicinity Of the capital, which, if properly
developed, will make Ottawa the Birming
ham of Canada.
The Pacific Railway must be construct
ed. If the present government decline to
build it, the people will give the treasury
benches to men who will undertake the
work. Immense quantities Of rails will be
required for the road, and there is no city
in Canada possessing greater advantages
for the establishment of the rolling mills
that will be required to furnish them than
Ottawa. We are satisfied that the COM
pany's property in the city will he exempt
ed from taxation for some wears to come
b-ft even more substantial aid than that
III be required to insure the success Of
Ae enterprise. We have contributed lib
orally toward railroads, and we have found
the investment remunerative in the end.
A similar result, but in much larger de-
gree, will follow any aid thar may be given
toward the development Of the mineral
wealth in our vicinity, and the establish
ment of new manufacturing enterprises i'll
our midat.