Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1890-11-12
SOUTHERN STEEL.
The outlooR.For clarksville.

There are more than 100 men in
and around GAINESVILLE who have
from $1,000 to $4,000 invested in 4
and 6 per cent. bonds for safe-keep-
ing. Will these men stand silently
looking on at the wonderful oppor-
tunities offered here for making for
tunes and building up the city, and
see strangers Of more enterprise come
in and reap the golden fruit, grow
rich in few years while they are
still little or no better off? 1t seems
that they will. Messrs. M. Ell. Clark
Il Bro. made test of this not long
ago in a proposition to build a snuff
factory, which only one or two per-
sons would put their names to, not
withstanding the assurances these
gentlemen gave Of the profits in the
business, after close investigation and
taking liberal stock themselves. II
our capitalists would go from home
and see what is going on at ether
places in the South less advantage
ously located than GAINESVILLE they
might get their backbones strength
ened little and have their increduI-
ity relieved.
Now that 1t does not suit this class
of gentlemen to engage in tobacco
and snuff manufacturing another OPP
portunity is offered them to take
stock in large steel plant, with over
half the capital raised and men at
the head of it who know the bust
ness and know what a steel plant in
GAINESVILLE will do, a nd who will
have no trouble in getting all the
capital wanted for the enterprise
subscribed by strangers, if home cap
ital does not want it. We take the
following extract from the daily
Sheffield Enterprise, which will give
our readers some idea of the success
and profits in steel making, steel be-
ing worth from $32 to 1884 per ton,
and mark the fact that the fine steel
made at Chattanooga is from La
Grange iron, near the Memphis
branch l.. & n. railroad, at Danville,
on the Tennessee river, within forty
miles of GAINESVILLE, and so soon as
the Dickson end of the Mineral rail
road is completed, it win commence
hauling out the rich ores from the
old Cumberland Furnace to make
steel at Chattanooga, and then OBJ
serve the advantages GAINESVILLE has
in transportation, and the ore and
coke at our very door. The Enter
prise, speaking Of the matter, says /;
Success in steel making from South
ern iron, in the Basic process, is an
accomplished fact. There is no
longer any doubt that a superior
quality Of steel can be made even
from the lower grades of southern
iron; that it will hereafter be made
in immense quantities that this de-
cisive stride in advance will revolu
tionize the iron industry of the
south, and that the southern iron
towns will thereby have an immense
accession TO their growth. The build
ers builded better than they knew.
The first hope was based on cheap
iron; hereafter it will be on cheap
iron and steel. The demand for
these products is advancing so rapid
ly, that as Mr.. Edward Atkinson
says, it will fully tax the productive
power Of this and all other iron
making countries to keep up with it,
The wonderful success recently
achieved at Chattanooga by the
Southern Iron Comp8sy{is brilliant
addition to the repor15 which have
come from Birmingham, from time
to time, of the results of the Hender-
son experiments. AS to the merits
Of the processes respectively, and OF
the product, together with the ques-
ton Of comparative cost, the facts
may be left to speak for themselves.
The extensive new Bassic steel
plant of the Southern Iron Company,
at Chattanooga, began operation
September IS, when the first run OF
steel was made at furnace No. ], the
first completed. The results Of this,
and subsequent test, show eX-
clusively that first-class steel can be
made from either
CHARCOAL, OR COKE IRON,
the TEST with charcoal iron having
given superior quality of soft steel,
adapted for boiler plates, structural
work, etc, and that with coke iron.
a fine hard steel better for some pur-
poses than the-frst, and especially for
tools 1t is understood that the com.
pany will hereafter use chiefly the
ordinary coke pig iron, mixed with
scrap, and it is exp cted that with
everything in working order, it will
be able to make steel blooms at n to-
tai cost OF $l7 ton or perhaps less. A
contract has been made with the Fen
nessee Coal and Iron Company to fur
nish 100, 900 tons of crude metal. This
iron will be melted at South Pitts
burg. The Tredegar works, in view
of the forthcoming supply Of steel,
are DreDaIingto set their nail machin-