The sun. [volume] (New York [N.Y.]) 1833-1916, 1884-05-18
ALABAMAS COAL AND IRON.
.,vrsyZyINrAY 0RRAS 1AxU1AcrUR.
nc RIVAL IN YnD SOUTH
sssasss Csty s.sss 10 sAs nsseese 81 Csss
ss.re--Nsw RaaIroaAs $50 rssaAsssA

aha a,oet remarkable ev0nW tnat mas hk0n
slaee In tho South since the war Over $40 kou
-sre sold. renlixins In all quarter Of million
Ssllsrs. one fourth Of which sum hsa alrosdy
nan paid In to tho company In cash. When II
Z takcn into consideration that this proposed
Sty 10 still on paper. and that. instead Of hand
anne fenced. and graded lots. the sale took
800 in an open corn field with . big mud hole
m The centre Of II. and without house On the
.lsce Il suggests that tho day Of Col. Beilersism
I. AZ hand. Had all the buyers bosn country
~ysenborns or local capitalists who had merely
Ssesus enthusiastic over the scheme. the fact
shas the lots sold at such enormous he-
eres would not have been SO very no
,narksble: but the purchasers n almost
svsry Instance wcro capitalists from the North
and from Chicago Nashville. New Orleans.
Nou ,eomery and Mobils-msn who are not 70
BE- deceived by any nuctioneer's cisptrap and
aver whose eyes the most adept speculator
svuM not pull the proverbial WOOL And vet
tbsse men. cool. calculating. and grim visaged
stood there sphinxlikc. In tho broiling sun. for
seven hours each day white the sale lasted. and
made tho staid countrymen's eyes bulge with
Il Was anques tionably red letter day in. tho
history Of Southern rent estate transactions
No oe DOUBT sdS now. that III: sn!srpriss viii b
II t asrd hsnd Z, q .s na
Railroad member Of tho famous Seney.
GORDON S have each made half million BY this
IssSsfnsld i, or will be- loested in tn. Tennss.
s sess % S!ur loo feet high With irst.csss
siIss around & fertile: and seSands In s.slns.
Ssnce Of from sixteen to sixty miles. the most
extensive beds q coal and iron exist ~ great
Sroaa e
road shops are to b. built In Sheifeld, and ar.
are e s ne sss pS
pig iron to ST. Louis. from Birmingham. are
ASbs q ton. Bos Ms. VIII carry the Iron from
si son and the iron can b as cSeaDs man%isc
ssTsd shee!d 81 at Rr% nG
siaht States it touches. 1900 square miles Of
coal iron ore. gold. nickel. zinc. copper. lead,
s.as fs iS psesaosa sGd
DC United States s7a In 1872 + pISdassd Ons.
Ss Fca product 81 ths unsa s a"
h1Eest g. al the Alabama cool fields is the
pe fact there are hSt three
The total area would BE- over 8. 800 square miles.
q enough coal to wal, in the whole area with a
s H Sssh sSs Of 100 tsst s sHs feet
IN diameter and 50 feet in height might DO dug
sst and .a.n scarcely c1ov missed from the or.
ss xe ssa%; rs$s$ssr!.s .s"s y !hrossss
,ssons fer that
l1oasht il Ihiledeiphie iss a ton. and has
s II. IS sss ois ia nS h
seli. possess. NJ, steam boiler made Of Ala
rSn T. lsEsd has ben
The causes which led TO tho foundation
4 shsiiield we're many: The demand Tor
ne De Lesssps Canal. the Niearsass Canal.
and sSs sec
and ess riss NE esfas
Texas, give promise OF enterprises and expenii-
ture hitbsrto unknown In the Southern hemi-
sphere: With z single : one q the y, great Panama
SSSIds ,spsssdiy ,eoMpsta :, With ysneqSys aS
hs cona i. DsesS
kaDsmn long before any hoating cargo from
yancouver's Island could reach the Gull Of Cal.
large coaiing station. Expert tests Of the War.
rOr coal attest that 1t 10 good. and suitable fol-
SaSg eG Il r a. s.s s sna
soners Mobie New 6rsans ns ssd Hsss
Tho Hon. HSrsm g. Hewett Of New York r..
ssSsssh before the American Polytechnic As:
70 "si
pi.ess Within ss MI. q .:eS oss.s and md 4;
y: Ios !: osv sSoa, Sc days lsss! u: tor
H.. sswas io ~:
se ID transportation to cmpete with tl.en paying
gortstion that the project Of She! held city. or
sss ~ ill., Jss.. Bss.sr 81 HsshsisIs. A' e"f''0'
In 1878. Lowtffan Bell. famous English au.
q IL ho En-. i. fsS 81:
you'd sooner or later suffer ~ the oomEs titior
s: a address, before tho British lr0' and sfss
q soaS IS The COS, i"r transport - 81
90 q. xst. IaslIlii.sf FOR making that
Mr. B~!fs opinion hns heeN endorsed by Mr.
levitt. BY Jay Goulri. and BY others sminentI,
snnif.d "a speak pp,nn the subjsct.
or have found a demand springing up in many
q III. 'nrt1s elites and towns throughout the
bSuth: tounfries and mills calling for large
quantities Of pig iron. Men Of brains and pluck
AMI Observation-Disclosures have learned that there
Y money to 10 made by buying the pig iron In
~ S"ath and making u into stoves and ma.
ehin.ry. saving the freight both ways. at a
good rnurd profit. The growth oil Insnuiac.
iSrea In The South haye been very great From
iSIQ 70 1880 the production OF iron and steel
oonMlcd. Alabama. that lenpNd from 1850 tons
eiS70 to 1898 In 1850. reached 1250OO tons
az, sSst year In Georgia o G3i tons were mined In
Ivy. s5.l52 tons in 1880. and 10000 in 1888
Tennessee made "a. 3O5 tons In 1870. 1900 tons
w. 1850. and last year 1O5 600 tons.
the building OF the first fifty or sixty miles Of
ttNway-,now In progress-from Sheffield into
teG coal feds. will permit the delivery Of coke
o. iron Mountain. Mo-. at - q! tom. The pres
en- price paid there for Come! svile, Pa. coke.
mich is not 50 good a. the Sheffield coke, ID
800 ton. The fine ores shipped from Mis-
sSnri now have to he carried 1000 miles 70
fiusb9reh 10 meet q suitable fuel for theft
naSnuiacture, Tho Alabama Goals arc 500
Eailes from Iron Mountain By RAILROAD, which
70 alrsedy completed except gap Of dftY miles
pear shefhed and work on this link 10 nov
SeinG vigorously pushed by Major McCracken
Sho interests Of the Ssnoy syndicate.
when jay Gould returned from his Southern
utp g lew months ago, no Ia reported TO have
f bisd that the mountain section south Of Blue
Mdge. from North Carolina across to MissiS.
siDpi V destined to become the principal man:
xisduring centre ri these United States. and
Asianta and birmingham will he cittes with q
pepulAtlOn OF half q million ench.