Savannah morning news. [volume] (Savannah) 1868-1887, 1886-10-15
SOUTHERN PROSPERITY.
THE PAIMIEST DAYS OF THE
WEST ECLIPSED. J

Millions of Dollars Going Into Ipdus>
tries of Every Conceivable Class,
Iron and Steel Manufacturers Rapidly
Loaping Into the Openings offered bS
the south.
BALTIMORE, Oct. 14.-i'he Baltimores
Manufacturers Record, in ats quarterly
review OF the South's industrial growths
to be published tomorrow, says that
seven the West, in the days of its great
est progress, never saw such tremeng
dous strides of progress as some portions
OF the South are now making" The GEN.
tire OF interest for some time has been in
iron and steel, and In these the activity
has been wonderful, though in other linea
of diversified manufactures there is alsd
remarkable progress. Among the princiI
pal iron and steel enterprises now unden
way are five new furnaces, basic steel
works aud ], 400 coke ovens by the Ten{
nessee Coal, Iron and Railroad Companyg
who already have five furnaces in opera1
tion.
$l0,000,000 CAPITAL.
This company has capital of $4,000.
0OO, and when the new furnices are comx
pleted will have daily capacity Of aDouu d
1,4OO tons of pig IRON. Two furnaces nowi
building by the Debardeleben Coal and
Iron Company, one by Samuel Thomas
and his associates of Pennsylvania; twd
under contract at Sheffield, Ala; two BY
Nashville and New York capitalists aa
South Pittsburg, Tenn; one by the Coall
burg Coal and Coke Company, Of Bir4
minghamr one at Ashland, KY; one aa
1itna, Tenn; one at Calera, Ala; en-
SSOO,00O Iron company at Florence, Ala.
Bessemer Steel Works at Chattanooga
Tenn, and Richmond Va; two stovd
works, each with capital OF 5000, 600, az
Birmingham; two iron pipe works, one tO
be the largest in the United States, ae
Chattanooga, and similar enterprise al
Wheeling, Ala.
ORGANIZED TO BUILD AiTowN.
A S600,000 company has been organized
TO build an iron manufacturing town
at Bessemer, Ala. $4,000, 900 company.
composed of Northern and southern capil
talists, has purchased large part Of
South Pittsburg, where two furnaces are
IN operation and where three more are to.
be built, and also iron pipe works and
other manufacturing enterprises. while
two other iron centres are to be developed
near birmingham, one by the North Bir@
mingham Land Company and the other
by the Tennessee GOAL, Iron and Railroad
there have been organized in the South
~ ice factories, 81 foundries and machinel
shops, many OF them of large size, and
one Bessemer steel rail mill.
MISCELLANEOUS IRON WORKS.
Sixteen miscellaneous iron works have
also been started, including iron pipa
works, bridge and bolt works, ETC.; 4
stove foundries, 10 gas works, 23 electric
light companies, agricultural implel
ment factories, la mining and quarrying
enterprises, IL carriage and wagon fac,
tories, 0 cotton mills, 10 fursirure fac.
tories, II water works, A tobacco fac
tories, II flour mills, 1852 lumber mills NOT
counting small portable saw mills inl
cluding saw and planning mills, sash and
door factories, staVe, handle, shingie, hub
and spoke, shuttle block factories, etc,
In addition to which there was Iargd
number Of miscellaneous enterprises.
The Manufacturers Record says that
during the first nine months OF 1886 tha
amount OF capital, including the capital
stock Of the incorporated companies, rep
resented by new manufacturing and min
ing enterprises organized or chartered at
the South, and the enlargement OF old
plants and the rebuilding of mills thai
were destroyed by fire, aggregates about
$S3, Sl4, 200, against $52, 1856, 800 for the COR
responding period OF 1885.