Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1882-01-17

Our Special Letter From the Iron
City.
A Busy Week-The Siemen-Anderson Failure
Advance in Nals-Gas Works for the
SACRED City" of Mexico-Another
Incline Plane = Theatrical.
SMALL POX OBSERVATION-DISCLOSURES.
Special Correspondence Of The Register.


PITTSBURGH, January 15.-The past week
has been so full of incidents affording in
teresting topics for correspondent that |
hardly know what to write about. 1 shall
decide the question, however, by taking up
the subjects as they come, and stopping
when my letter gets long enough.
! The Great Failure.
OF course everybody is now talking ofthe
great Siemen-Anderson failure, of which
you were apprised by telegraph. The Sic.
men-Anderson company was organized last
spring by Mr.. Robert J. Anderson, of this
city, for the purpose OF introducing the
| Siemen process of steel manufacture.
The process is a secret one and has
proven success. 1t does away with the
pudding of the ordinary process and con.
sequently greatly cheapens the cost OF pro
| duction. The company issued Sl,5OO,OOO
! of stock and 81 ,000, 900 of bonds which were
secured by mortgage upon the property OF
| the company. This stock and the bonds 1t
| seems were turned over to Mr.. Anderson
| in payment for the valuable Siemens pat
| entS and the mill property owned by him
| in this city. The Eastern capitalists con-
cerned in the scheme then purchased
enough stock 10 enable them to
| act as directors in the company and took
an option on Mr.. Anderson TO purchase
| the remainder of the stock i'll case the pro-
cess should prove successful. This option
| has several months yet to run. In order
| TO meet the demands for expenses for the
mill and provide capital to carry ON the
business, notes in excess of 100000 were
negotiated in Pittsburgh banks, and 1t was
expected that they would nearly all be lit-
| ted by advances sent on by the New York
ers interested. But the money was not
| forthcoming when needed, aud
The Notes Were Protested!
The firm then tried to enter into an ar-
rangcment with the nine banks ..oldinS
these notes whereby tncy could be carried
for two years This arrangement wat about
being cOnsummated when the Merchants
and Manufacturers bank, holding l7,0O0
of this paper, suddenly changed its policy,
got Judgment against the company and
levied on its property, All the other cred
itoFs. OF course. then obtained Judgment
and tried 10 make themselves secure, which
resulted in placing all the works OF the
company, oil which there are three, IN the
hands of the sheriff.
Tie company is otfiCered as follows:
PrcSident--ThOmaS +. Flagler. OF the
| Holly Manufacturing Company, Lockport
NY.
Treasurer-L.. NJ. Lawson, Of Donnell,
lawson and Simpson, New York.
Assistant Treasurer-S. a. C0Sgroye,
| Pittsburgh.
Secrctary-C. G. Hildreth, New York
Vice President and GcUcral Manager
| Robert J. Anderson, Pittsburgh.
AttorneyS-MessrS. Arthur (thc PrcSl-
| dent. Knevals and Ransom.
A number of these gentlemen are now
here and it is positively stated that ar
| rangcments will be made i'll 4 few days that
will relieve the company OF all present
| embarrassment and enable it TO proceed
| There would have been no trouble had the
| New York syndicate which holds the OPP
| ton come to the rescue promptly, as was
! expected. They claim they were not aware
! OF this Indebtedness to the Pittsburgh
| banks. and hence were not prepared to
| meet it,
The direct process used by this company
was invented BY Sicmcn in 1851 but was
| not perfected until taken hold of by Mr..
| Anderson, who lost considerable money in
| experimenting.
Advance in Nails.
There was a meeting of the Western Nail
Association Tuesday last, at their office in
| this city, the object being to
| discuss the present features OF
! the nail trade and make changes i'll the
card rates suitable to the ruling prices
y
| OF the year, and also to prepare, if possible.
| for the increased demand that is expected
| will mark the beginning and continue
! throughout the spring trade. The meeting
| had a. full attendance, and the result was
| an advance of fifteen cents per keg
| on the card rates, which were
| fixed at the September meeting
at $3.25. Now, therefore, the card rates
| stand at So 10, which means $3.50 by the
| Load atc W layg with u rnAuatInn nj
| 21& per cent. for cash. While apparently
| an advance OF fifteen cents, this is i'll rcali-
| ty an advance of only five cents per Eeg on
| January prices, as number of firms have
| been filling orders at ten cents above the
card rates for some time past. ManuGac-
| turerS claim the advance is owing to q
| legitimate demand and is not an attempt to
boom the market. Last year shows the
association to have manufactured more
| nails by 500,00O kegs than in 1850, with
| lOO, 900 kegs less balance of stock on hand at
| the close OF the year. There is feeling in
| some quarters that the card rates will gOtO
| $500 or $3.G5, which figures will affect
| the feeders whose scale will only rise
| again when the manufacturers scale has
| touched $50. and some OF the gentlemen
present ut the meeting attributed the pres
! ent advance 10 the strike OF the Wheeling
| feeders. but the majority thought the strike
| had had no effect upon the market. There
was an effort made al the meeting, almost
! forgot to state TO advance the rate 10 $3.50,
! hut il was thought not best to precipitate 4
| labor strike by such jump.
Gas Works for Pueblo.
| An estimate has been made by Pittsburgh
pipe makers on a contract awarded home
! firm for supplying the city OF Pueblo,
! Mexico, with gas. Pueblo, the Sacred
| City" has $1,000 inhabitants, and is located
midway between Vera Cruz on the coast,
and the city of Mexico. The new works
will cost Si65, 900 and will require the lay
ing of twenty-five miles OF pipe
| ranging in size, from twelve
inches in diameter up. The gas is to be
| made from Naptha. 10 he shipped from the
| Pennsylvania oil regions yia ST. Louis To
Galveston, whence it will be carried to
Vera Cruz by a vessel constructed for that
purpose, from which place it will be taken
| 10 Pueblo in tank cars. The st. Louis firm
of Waters 4 Pierce. and the Pittsburgh firm
of Smith X GoldthOrp, are interested. The
| Mexican Government baS made liberal
concessions. allowing all material for the
new works 10 enter free OF duty.
Another Incline.
4 loan Of S55.n0n was authorized by the
| MOpongale!a Passenger incline Plane Com
| pany few days since, Tor the construction
alongside thcir-prssent road, OF an incline
plane ior the purpose OF transporting,
freight. horses, etc, to the top of
| Mt. Washington. 1t Is p=a-
posed. to lave three-plate giTaer
and a roadway torty feet wide, with four
steel tracks, carrying a truck sixteen feet
wide by foTty feel long, and travelling
broadside to the plane. owing to this steep
ness of the grade which rises one foot in
two. -Four horse teams with loads of lay,
b-ick. timber anything else, can re trans
ported from Carson street to Mt. Washing
ton in three minutes, a distance it
now takes good h@f hour
TO accomplish Aspecial device for fixing
wagons and keeping teams. steady, will
MAKE transportation absolutely safe The
total length of the incline will he GOO feet,
and il is expected it can be colapleted oY
next October.
Small Rox. I'd
Last week there were. 80 cases and b
deaths from small pax in this city and
y I,I IN, A AlnOhanE This