, 1880-01-20
President Potter Regards thd Present
Boom as Unhealthy and Unwise.
He Looks upon Fifty to Sixty Do1lats as
Fair, Healthy Price.
Chicago the Best Point on the Conti-
nent for the Iron Industry.


Of tho proposed new addition to tho facilities
for manufacturing ueescmef steel rails, which
hns t,cen talked Of Tor eo,ro t,n1c rast.
"1Iow t,I,l the .,at&cr como nboutT' querto,l
The reporter: ma. ~. In. x..o,,,r =, I'm
Dcsaemcr steel mon. Inst September, tho aucs-
ttot, was agitntcd concerning tho demand for
atnot rnl1s lrInp prenter shnn tho supt,1y anf It
~os % a,,o"catn,, ,hat sn,no al tho ratiro,li mcn
who wero in fayar of d reduction In tho thrift
min thnlr cnds, TO offset this, or
crMt feeling thnt nlditlons shtn1l.l lio tnnsle
to the fnciiItlcs Of tho Ilrsscucr attcl works 1T
ths sstIy md II ,hie means sRp1y; ;ns the IL =;
snt;,p II oI,r i,lcn tNiket the matter nvcr, and
creaso il, b,,slnrss was riot to ,e IN itisrcl pcr-
mat1rncy it'd TINT prices cnllld not krcp up Ms
thoy Wcrc. Aud sny now TINT have riu sym
ii%s riasss INV f"vo FoSe Up II the WY fra,a i = Id
ras a now s for q si % or ef5 | TOT, ay laore han
"saS,t wi Will ' Should q 4 yo' @ consider fair,
"Frt;,n f6l to 800. But Iron orc has gnne mp,
antl tho miners hnvc got tis INV. where wc-tho
n nv tn 5 t,e m tnte a'ysays ys"s 8
t. tco. Will, III sn!d icfore, our ncn tnlkcl tho
n,nttcr over. At first they iholtght TINT there
tnnko Ni, tho necessary e r '' ''' |'''>''''' ~
AMBITIONS 70 our WORKS.
na M M wp e., "ce i,erv ~ au ~, 'nS bor II r. WIZ
i Ga tso ae,'mus$ Esa ,,s IT, @ .nosv IT. IL ~
s,r Gf ~ us0 - t Tniin~.n hnv hc.f
.9c TOR s;no time. nat sns!erea t!,', @ the m tscr @
~ n'S ;, n kuw ,, rcoa Mm tnt tav W..
inyIa % ~ i faI.nE ,nnrkct, mn M ad % they i whit
to % ;h,!ty up y If GHSr ta 1 at toyt tet e1' ny, aa
refiaT,a what v s,xht d esr.t.lsra aiy e ~
s Tie siy* i odars that iho a addition sso,' 70
,1ts Ht ot sc ton We hut 9o 5st ns ,ow rs we
IL we llntl pcei! c1ilel nfnii 10 psit our stIo!
s spis Ssq % @ !. @ a% r. sSoT 'yo%l T.
tint we hai reashcd ti,at point. Thoy toii rs to
II, inr .9ea''' anu 'a' money Sn0''a "o 'or'no0"-
Dsrhcn 1t Is ar established fact. Is IT, thas you
"Ns sxact WS haze tno ioney esy a,
fur 4 new tne0rpor.ltion-.-"
n.,,5m Wat 10 you h'eaas-to feofsah'ze your eon''
psks, INT you ses No are n'* M aet'nx !. anass ,
Il vi nro running With I'll tho cpisn! st"sk TINT
@ wrkn W. 1st N take M Is n oi o. oxo ~ r s e Pr
ptrAiteeNH. w W." rtUnstis usA tau AthlatAs
tMfe tiext Wlntor M 70 s!i.tlW ~ 10 increase hir
n Sn Y , - 'ser n r w. ana nay II ,t, 1ns Is
EIto 4 c do nt DO ts cn ,;; f aa apply
management OF tue st1no nttlekhulera.
-, " MSW tntlch clp!tli1 uoea your present oharter
aliewa N,ll.a. ,a,,,,.,u
!. ahreo lt 1n1ilons. ,,. ,., ., ,...,..
~, =" Mhen interrupted you, y9u wero tntimat-
inE TINT the matter OF I'LL n1dlton might be III
stntu !,!o?" ..,.
iess whht mount ny tnio WaB, thAt yotlr
ats a,f ms s ,o oe snH LOT MH @ na un
bnf,,ye w, h,a,iv vot nit ri thn won,s ~ nslS.,
e1,nu row Sthnr rni]rm,.i i,,n,,' whn HI ira tnlIima
for n reduction nj ft,e thrill Snmc NJ Jm1r
stnckhrjinrs nr., n ,iffic merv.nts nrt,r II anil
they whit ia hnii an for n vnnr Or "a yct. fhcv
nre nfrati ~ stnkinr tl,t mrxo n,onunt of noney
f,ncrssntv IL i,,..rn"S, mir ,sI,aaa yn, snn II
nfythng sSo,,id neppea @ thse tho tarttr Should 1
IL, MI X, t,.n ~ "hfei,ci ,nttroi,. tno is,ssn
IN cr Gr ,ncn n woud sS "'os'eu e'''F' 'uo iesS'-
ALL HAVE 70 arur uF'
and u IS th1s continued atite Of uncertainty TINT
pruvef'ts mon fron br',lsehing, out larger, II
Co.iKress should sNy TINT tho lutiUs nn steel
rnils should bo u fT0 II ton and should rrtnaIn ut
TINT t,rs ti,osanl years, + would not 30
lo's ns # could pessibly get IN any cther wnY. It