The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1886-10-01
MONEY FOR MEMPHIS.
NEARLY TWO MILLIONS COOL
PROFIT IN FOUR YEARS.
The Big Zeal Made by lEnsley, Hi,
Nicely, FORtaine, Tate
and Smith.

Iron Conpony, OF which brief mem
tion was made yesterday, are of the
most interesting description 10 Mem-
phis. The deal was the biggest ever
made in the South, and will result in
bringing to Memphis nearly S., 600, 900
cold cash.
In 1882 Col. Enoch Ensley, Mr.. T.
ii. Milburn and others turned their
attention 10 Birmingham and invested
money in properly about the Pratt
mines, which were the property of H.
F. Debardleben. They afterward
bought him out and bonoed the prop.
erty, realizing ep ough from their sale
to pay them back nearly every dollar
they had expended. The Milburns
recently sold out st a large pr it and
the rurcr aseis in tun made an i'm.
meme sum by the ,uln Just made.
The capital stock Of the concern
was fixed not lorg ago at
S2,200,0,0. OF this amount Enoch
Eusley held about 500 600, ]. @.
Neely & o.. about 100000, Napoleon
Hill 100000, Moan Fontaine $780,
600, Sam Tate $lG9, 200 and J. II. Smith
$4,000. This was about the proper.
ton, the whole amount Of stock held
by the gentlemen being 81. 5000 Ia
the trade they obtained about face
value, all Ct them selling com pletely
Out except Col. Ensley, WHO was ton
valuable a man on account OF his
familiarity with the property and its
management to give up at prs sent,
and Mr.. Hill. The former will cor
tinue as president and the latter will
bs one OF the Board Of Diiec o's. 1t
is safe to FAY that the Memphis oper-
ators cleared a col $4,000 by the
trsBsf ction.
This action combines two OF the
mo t valuable properties in the South
and makes the largest iron aud c. Ike
making enterprise sou h of the Ohio
river, having in success ful operation
five large blast furnaces and with the
Capital pr0vid d for the immediate
erection OF five additional fnrnace,
with an increased daily output of
nearly 1000 tons of iron. This consol-
idated company owns perhaps the
largest hon and coal property in the
world, aud it, possibilities and cspa-
tilites are simply unlim ted. The
new organization 10: Enoch Ensley,
president; L. Il. Hillman, vice prfsi.
dent; J. Bowrop, treasurer; A. NJ.
Shook general msnaeer; Q Fisher,
fecretary, and N. Baxter, jr., chairman
Executive Comm ttee.
Co. Enoch Ensley, who was the
president OF the Memphis Gsslight
Company for May years, conceived
the idea OF bringing together these
valuable deposits of CT al and iron ore
in JetfersoIl county, Ala, the unifics-
ton OF which resulted in making the
Pratt Coal and hon Company the
pride of Alabama The property con-
sists OF about $4,000 acres of mineral
lands, of which 10000 in the Warrior
field are underla'd with the celebrated
Pratt coal, and 1000 OF the Helena
vein 10 The Cahaba field. On this
proper y are the Pratt mines, situated
six miles southwest of Birmingham,
aud are connected with the city by Il
railroad belonging to the company, OF
standard gauge, laid wnh sixty pound
steel rail; and in addition there are
about twenty-five miles standaid
gauge railroad track connecting the
various miues, for the purpose OF &C.
commcdatins the business OF the com
pany. Six locomotives are on the
railroads and about 100 c,al, one first
class and four second Glars pAesen-
ger cars. On this pr perty
are OPEN elev different clal
miner, with present capacity
of 5000 tons day, snd when the pres
ent openings have been completed
they will have a capaci y OF 5000 tons
equipped with train, tracks end cars,
pumps, air c lmpresser', drillp, mining
machines, h listing engints, inclines,
chutfs, bins FIR storing coal, and |
every thing else necessary. There are |
on the property about 800 tenement |
houses, ttorehous 8, blacksm tn shops,
magsz mes, about 600 beehive coke aud |
tWelve patent ovens. There are about |
1900 acres of ore land in Jeffe syn, |
Bib and Tuscaloosa Counties. The |
ore land in the latter two counties il
mostly brown ore. Along the line of |
the various railroads above Brming-
of the red ole. Ia Jefferson county,
opposite Birmingham and below, the
company own seven miles Of The best
part Of the Red mountain, oD which is
v, in OF red ore from GIT to Lw' nty.
two feet thitk This Is tue choice ore
section of Alabama. The company
have two mines optn on this property,
one at Hilman and one at ReddiDg,
each with a capsc ~ of 500 tons a day.
These n int arc Bitua ed in close prox-
unity TO the Alabama and Great
s Juthern railroad, and TO the Louisville
and Nashvil railroad, and can ship
by either road. In the immediate
vicinity Of Birmingham there are two
blast furnaces, one l5x63 feet, the
other 1875 feet, with five best blow.
Jog engines, FIVE brick stoves OF lates
and best build. Also al the neces-
sary outhouses for operatives, with
about ninety.fiye acres of land, which
at this time is very valuable at this
mine. The largest Of these Two fur
naces has the record Of having made
an average of 1873 tons per day for
thirty consecutive days aud having
u ade as high as $50 tons in one day,
which is the largest record Of any
III udUO III NhC A'pulhs 4LO IRON |
these furuac is known as the Alice
brand, which is not equaled for quail
ty by any other brand south of the
ohio river The contemplated i'm.
OF he Pr tt mines aye 10
be lceated at new plaza by the name
4 Eneley, altar the president OF
he company. They will be
iur twenty foot blast furnaces with
our Wniiwell stoves, three blowing
'DRines each, and iall necessary
unfit t. make them the most com
,lste in the South. One Thousand
lew coke ovens with the necesi airy
'ars, etc for handling coke; four new
'oal mines, one shaft and three slopes, {
III Of which will cost over 500 600. [
The improvements that will be made [
IN the property in Tennessee will be [
t South Pittsburg, one twenty foot
,laat furnace, three WhitWel stoves,
wo blowing enRines, and everything I
Use needed to make il a Couple.e /