The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1883-04-26
STEEL NAILS.
THE ORIGINAL PLAN AsANooNso
And Individual Plant. to r. Con.,ruet.d b, til.
DiHsr.lt SGil t%aslOtiss to supply Their
oWn Steel Nall Plate - The B,lIAlrs
Hill Rsidy to Br,.k Ground.

Secretary OF State stalnaker yesterday
issued a certificate Of incorporation to the
Eteubenville Iron Works, an organization
formed for the manufacture OF iron In
Its various f1rms, making heel, mining
coal and owning such real estate as is peces-
Eary to the objects Of the company. The in.
cotporators are Arthur @. Mckee, James
Duffy, James D. Smith, George E. Sharp and
George DAuiels. The nominal capital stock
is $4,000, 10 shares OF $50 each, and each Of
the gentlemen named has one share.
A reporter met u we'll known iron manu-.
facturer, and mentioned the formation OF the
organization. He did not think It bore much
significance, however.
"WhAt Is there new Ia the steel nail pro.
iect2 the reporter Hsked.
There Is n good deal, ] have reason TO
believe, You can say with truth that there
Is now no probAhili y that tha Original pro
ject 10 build a steel plant for the use oil all
The nail mills OF this vicinity In common
Will be carried out 1t has Ueen virtually
Abandoned"
.tWhat do the mills propose to do ? con.
tinue TO make iron nails p
mo, sir. Eventually they will each put
up steel plants OF their own, inst Us sure IL
you and [ are sitting here. 1 I'M reliably
informed that the Bellaire mill 10 ready u
break ground in u few weeks, Just as Soon IL
necessary p~reliminaries Cell be arranged
The Riverside mill is also considering The
matter, and Will probably have \ steel plant
under way within q few mOnIh,"
"Will lnis require new charters tIt each
copcerD2'
"Yes. That Is a formAlity, however, which
and preparations eau be- advanced In thal
time"
lis the plant 10 make steel nail plate,
the same as was Contemplated by the uuiou
plant2'
aside from the sizs OF the individual
plants, which will OF toufae vary with the
capacity OF the mills, the pre- rctis the Hame
In each case as the Original prtj !ct.'
"How was this change brought about?,
1.-The real truth ID that tbs man Mckee,
who seems 10 be at the head OF tue new III
corporation you mention, is responsible for
1t. You remember that when the project
was u der consideration The La Belle mill re-
fused 10 vote 10 enter tue new organization
and 1t was known ut that time, and l believe
the 1NrELLIGENcEg said. that the reason was
LQht bUule VI TUG skOGhuVlAeio SSAAStsN a"S
better plan was for eacu mill TO erect It's v
steel plant. This idea originated with Mr..
Mckee. / suppose be now proposes to ex-
pertinent. He is the beat posted man,
theoretically, In this part OF the coun-
try, In regard TO iron aud steel,
but lacks practical experience. II the lead.
ing men OF the Is Belle or Jefferson mill were
In this organ ttieu I would understand II,
but II Is possible that Ons Of these mills Is
behindit, and keeping dark. Be that as u
may, It lei fact that you need not be surprised
10 sec signs OF steel plants at several Of the
mills at an early day, aud the others will not
be backward in following their example. l
know that several Of them bave 1t in contem.
| %plation, but each Is waiting for another to
take the initiative. Once one starts the ball
rolling there will be . general following
suit."F
The reporter subsequently saw several gen.
tlemen whom he supposed 10 be posted In
regard to the intentions OF the Bellaire and
Riverside companies, and while he did not
succeed In getting 40 u%uequivocal indorse.
ment Of the views quoted above, neither did
he receive anything like a positive dekisl.