St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-09
WILL BE "A HUMMER.
The Fight Between the Two Big
Iron Companies.

The Fight Between the Two Big
Iron Companies.
DULUTH, Mimi. Sept. Sit is a battle
royal between giants now, sure enough.
No sooner had the details of the Mesaba
range consolidation between the Duluth
and New York interests been tele-
graphed over the country than the lead
ing officials of the Minnesota Iron COM
pany hied themselves hither. They are
to arrive in Duluth tomorrow and pro-
ceed by special train direct to the mil es
at Tower ol er the Duluth u Iron Range
road. The Minnesota Iron company,
with mines in the north of this county,
from which last year over 1.UOO,00O tons
of high grade ore were shipped, has be-
come thoroughly alarmed by the Mesaba
proposition, and has been eagerly at
work for 5he past few months. since
they began to realize the Mesaba's posi-
ton.
One OF the leading spirits Of the MIN
| neSota said today that another combina-
ton as strong as the Rockefeller Merritt
combination would be perfected soon,
and that the Minnesota would be the
nucleus. That this is the object of the
present visit, though made ostepsibly
10 view the improvements at the mines.
is not questioned by those OH the inside.
The Minnesota is backed by the mann
moth Illinois Steel company,of Chicago,
which was last year one of the chief
iron ore consumers of America. 4 pc
| cullar fact is, also, that John ID. Rookie
teller, head of the rival concern, holds
largely i'll the bonds of the Duluth Il
Iron Range road, Minnesota lion
company sub-company. The Minnesota
is capitalized at SIG, ,500,0a0, while
there will be from S25, 600, ,0O0 to $50 0o0,-
600 of Consolidated stock. The Miane-
sofa owns the Duluth & Iron Range rail-
way, reaching both ranges. while the
! Consolidated owns the Duluth. Mesata
| & Northern. The Minnesota owns a
magnificent fleet OF eight great steel
ships OF $4,000 tons capacity, the Cens6i-
| ldated controls the American steel
barge fleet of 10000 tons capacity. The
Minnesota owns ore docks in Cleveland,
and has great manufacturing corpora
tion-now, however, idle-into whichto
put its ore. The Consolidated wiIfcon-
troll ore docks at Conheaut. o., and has
| as close connection with. heavy manu-
facturers as any company.
The result of active. competition be-
tween these TWO mining giants viii be
watched with deep interest i'll the in
dustrial world. -..4.. .-...r-,s.
DULUTH, Minn., Sept. .s.--President
Greatsinger, of the Iron Range road,
and Joseph Selwood. prominent in the
Minnesota Iron company, tonight de-
MED in every particular. story sent out
from here regarding trust to be organ
lied by the Minnesota company in OPP
position to the Merritt Wetmore syndi-
cate. Neither Mr.. Potter nor MIR. Ely
is expected i'll Duluth at any time in the
near future. They usually come to Du-
luth i'll the fall, but it is doubtful if they
come up at all this year. The Iron
Range road, the Minnesota mines on
the Vermillion and some Mesaba mines
are controlled by the same interest, and
Mr.: Greatsinger stated that no change
i'll this relationship is contemplated.
The Canton mentioned as mine which
will enter the trust has been the prop
erty of the Minnesota for months, and
$4,000 tons have already been shipped
from it by the company.