Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-05-25
IRON AND COAL.
THE CHEAPEST POINT IN THE WORLD
FOR BOTH.
Spring City, Tenn,


It has been truly said that. in commercial
and manufacturing circles at least, iron is
| king. The wealth OF nation is invested in
the iron plants and iron lands OF the United
| States, and hundreds of thousands of labor
| ers are congregated about the centers of iron
| activity. So enormous is the capital in
vested and so sharp is the competition that
even slight decline in the value of iron
causes widespread loss to capital and idle
ness to laborers. Wherever iron can be
| made at a cost materially lower than the
general run of cost in the great iron dis
tricts there must be rapid shifting of both
| capital and population to that place. Spring
| City, Tenn, a beautiful town situated at
the junction of the Cincinnati Southern and
the Central Tennessee Railways, and within
six miles of the junction of the Tennessee
and Piney rivers, has remarkable adYan.
tages as al iron producing center.
THE IRON SITUATION,
The conf petition of Southern furnaces with
the great Eastern establishments is already
keenIy felt by them, aud as the market con-
ditions become more generally known and
appreciated, this competition must become
more distressing to the East.
The inevitable DEGREES of nature have
made the Tennessee Valley iron district
the ultimate region OF iron production in
this country.
| The long haul by which ore must be car
ried to the Eastern furnaces-mostly from
Lake SuDerior-makes the average cost Of
| ore at the furnace door $6 per ton, or SO 70
per ton OF finished pig. The coke, hauled
| from the ConnellsviIle district from 75 to
$50 miles 10 met the ore at the furnace,
costs S4 to the IN OF pig iron; limestone
for fuxiug costs s cents to the ton of pig;
and labor, Wit. Ipenses at the furnace,
/ 0efu e. A0,, 81 IL
total cost to the average Eastern furnace
OF S15 IS to produce a ton of finished pig
iron.
In the East Tennessee district the iron ore
! is almost at the furnace stacks, perhaps not
an average of 10 miles for all the furnaces
In the district. The coking coal is in al
most all instances in from to Is miles from
the furnace. Owing to these favorable con-
| ditions the cost of ore at the furnace neces-
sary to make a ton of pig iron does not ex-
ceed S4, the cost of the coke necessary to
make ton of pig iron does not exceed S.,
labor and furnace expenses 81 25. Hmestona
Is cents, making, on a liberal basis of caleu-
latlon, a total cost for the finished ton of pig
iron in the East Tennessee district OF S11,
difference In favor of this district over the
Pennsylvania and Ohio districts in the cost
of producing ton of iron of about 81 rs.
Furnaces at Spring City must have the
duNdubdSc VI al Quiet furnaces IN tlIa
favored East Tennessee district-by reason
of the fact that % the Shin Bone ridge ore
| is but one-half mile from Soring Citv and
the Iron Hill ore but six miles; (2) Spring
| City IS nearer than any other locality to an
| inexhaustible field of the best coking coal in
the world; (3) Spring City has cheaper trans
| Portation to market than any other located
furnaces in the district without an excep-
tion, so that pig iron can to-day be produced
in Spring City at cost lower at least BY so
cents per ton than any other place in the
| country.
In the Eastern States there are about $40
furnaces, 100 of which are now out of blast
by reason of the fact that the price of pig
Iron on the market is at a lower figure than
they can produce it. In the East Tennessee
| district there are 81 furnaces. When the
price Of pig iron is as low as SIS per ton, 40
OF the $40 Eastern furnaces must stop opera
tions; when the price reaches SIT, 200 more
must close, and at $14 the last one of them
must shut down, but in this district not a
furnace would go out of blast at S12, willis
Spring City can make good profit at S11
per ton.
AS TO COAL.
Beside her superlative iron advantages,
Spring City is the gateway to the most val
liable and extensive unopened field of coking
coal in the United States. This wonderful
basin is identical with the ConnellsvIlIe and
Pocahontas coal in Pennsylvania and Vir-
ginia, yielding 81 per cent of fixed carbon,
and is 450 square miles in extent. A rail-
road has already been built from Spring
City to within few miles of this field and
will reach it this year. The analyses Of
four leading chemists in the United States
(Mr. John Proctor, the State Geologist Of
Kentucky being one of them) place the
amount OF fixed carbon in this coal at from
1894 to 81. 81 per cent. The field has been
thoroughly tested and its limits defined,
and its value to Spring City first, and to the
iron district of Tennessee second, is incalcu-
liable. Just beyond this basin of coking
coal is a large deposit of the wonderful
"Block" coal, the only coal known that
will smelt iron without being first converted
into coke. This exists in large quantities
on the the line of the Tennessee Central ex-
tension, and Spring City must be the dis
tributing point for it.
A body of capitalists OF large means and
great business prestige have invested q
million dollars in Spring City and sur
rounding mineral lands, and have inaugur-
ated a system of public Improvements, man.
uiacturing enterprises, etc., that must
speedily establish the hourishing little city
as a manufacturing and industrial center.
This company, known as the Anglo-Ameri-
can Association, Limited, have a prelimin-
ary sale of town lots on June 8, 4, 5, which
every body should attend who wants to make
an investment in place with greater iron
and coal prospects than any other point in
the country. Excursion rates on all trains.
For prospectus and fuller information adj
dress the Anglo-American Association, at
Spring City, Tenn.
200 bedroom suits, IS psrlor suits, 100