The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1882-11-24
MAKING STEEL NAILS.
THE PROJECT IN DEFINITE SHAPE.
A Charter Grsut.d to the "wheeiiag Steel Com
pAny,"a Organization with Capital Stock
of Niilion nollats-rht iusotpora.
Ia tors Seven Leading Nail Men.

The project for introducing the manu
factnre Of steel nails into The mil mills o.
Wheeling and vicinity, which has attracted
so much attention ind been the bject OF sc
much comment, yesterday Assumed detinile
shape. A meeting OF the officials and repre-
sentatives Of seven manufacturing concern.
interested was held yesterday, nj which there
was large attendance. Mcssts. F.J. IIearne
J. H. MeCortney and ". II. Wallace, The
committee appointed to investigate The
feasibility Of tho manufacture Of nails from,
fessemer steel, made n report to the effect
That they had been satisfied by their expert
ments with the cutting Of atcci nail plate that
the use Of steel instead Of iron was prac'
ticablc. An organization was then formed
consisting Of ono representative from eacll
mill, and articles Of Incorporation prepared
and filed with the Secretary Of State.
Later In tho day a certificate OF iacospora.
ton was Issued TO tho organization. 1t Is
called the wheeling Steel Company" and
has nn authorized capital stock Of 81 ,O00, coo,
III shares OF 81 600 each. or this suni $1,000
has been subscribed and 800 paid III for the
purpose OF incorporation. The incorporators
nre Mc,srs. J. N. Vance, 9: D. Hubbard, ..
X. Wallace, L, S. Deiaplain, A. ". Kelly
". II. Wallace, Of Sieubcnyille go
Tho gentlemen atc now In the organization
as individuals only. They, however, REPRE-.
sent The Riverside, Top IaBelie, DenwVod,
Belmont, Dellalre aud Jtiierson milIs 70.
spectively. Before these mills can enter
into the project us corporations stockholders,
meetings OF each must be held and and vote
taken on the question OF subscribing to The
stock OF the Steel Company. This will no
doubt be done by all Of the mill companies.
In talk with one Of the fncorf0rators OF
the Steel Company last evening, u reporter
was assured that the introduction OF steel
nails US IN article OF manufacture here would
not uccessltate the abandonment OF the boil.
Ing furnaces and other portions VI the rolling
mills which will not BIZ employed In the
manufacture OF nails. For ZONE time there
will no doubt continue to DO II demand, de.
creased Of course, for iron nails, and the
manufacture OF iron spccatics will probably
DO introduced to employ the capital invested
In tho forge departments OF the mills, which
would otherwise be thrown away. OF these
spcciaties, such AS angle iron, bridge iron
and numerous other special products, there
Is now no mandatory here, while ut Pitts.
burgL the making Of nails Is comparatively
a small portion Of The iron Industry. Tbegen.
tleman thought that the versitcation of the
iron man u(acture here would result III many
advantages 10 the community. AT present II
dull market for nails .lenoralizcs the entire
! city toa prra.Cr or lr>s extent, while II there
were other h'a"nt-s u irou manufacture In
Wheel Z It's II 'tur r.i prosperity would not
deitF M :" eht'teii mp II TIE na staie. lie
Tools II" a".akrhn. ii Nc u"il market III
! tue IN d,sla"1 n'." y, wh,nh will have n
m'eh |" .ttf" + f'.r :tect u."u the pros.
peii ,"' ~ !, ilua If the char Z which is
,mu'imnt !s4s ., lh4: time aTec,.t. a iron
industry. '-H. Ia. .He