Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-11-17
BsSsEAER STEEL AT BUFFALO.
The american steel Structural Com
pany Will De Located Near the
Lake Erie Metropolis. with $4,000
Men and sooo,ooo improvements.

Buffalo. ~. Y, Nov. i5.-Buffalo ia
10 have one OF the greatest Besscmer
steel plants In America. and work viii
be begun on Tho foundation about the
first OF the year.
This great plant Will be moved by
Pittsburg capitalists, Including such
men as II. sellers Mckee, the glass
manufacturer and street railroad mag.
nate; Murray a. Werner. who used to
be ut the head OF the Buffalo street
railway company; j, \. scully. a mill
lionaire glass manufacturer: NJ. NJ.
Watson, president of the Exchange
bank OF pittsburg; and IL, NJ. Butts.
builder OF the Rand-McNaily and Ma
sonic temple buildings OF Chicago.
These men are OF high credit and
wonderful business ability, and undor
their guidance the American structural
steel company Will become one of the
creates; enterprises OF It's kind in
America.
The company, az its name implies.
will make structural steel works,
These pieces OF modern architectural
devices Will be made under patents
secured by Mr. Butz on inventions OF
has own creation and owned by the
company.
II Is the custom to make square col
umns by riNeung pieces OF steel to-
getncr and r0unus ones by rlNctlng
four pieces together TO make a circle
Under the improved machinery to be
used by this new company the square
columns VIII be made in one piece ana
the round In two pieces.
When the company was organized Its
promoters began hunt FOR site,
They looked all over the country and
finally decided on liung,o.
The Niagara river heights company
was organized FOR the purpose OF lo-
eating a site. and 80 successful were
the Dunalo promoters that they se-
cured tract OF nifty acres on the river
road between Bunalo and Tonawanda
for the atcel company. and there ie
where the steel will be made.
The power used viii be electricity
and the oomp0nys plant VIII be ca
pabie Of turning ont many tons OF I'M
ishcd steel each day.
The buildings ON the fifty acres OF
land Will cover twenty.siN acres. they
will aggregate lcugth OF 1900 and n
width of 500 feet. The total cost of the
structures win be 100000.
When running IN full operation the
wuiks viii use up iAu uarionus Of raw
material day, There VIII be om-
ployed 2oO0 men.
Az mn illustration OF the value OF
the patents under which the new min
Will operate, II now costs $50 u ton
FOR square bullt-up column. The
company can make II for se5. This w
because all four sides OF the column
VIII be made ut once,
The agreement between this COM
pany and the Buffalo promoters IL ma
follows;
i. 10 give by deed Of general war
rant IN Zee simple froe OF all eneum-
branue to the steel company a site OF
not less than ilfty acres OF land In a
suitable location, 20 be surveyed UNI
der the direction OF Mr. But1.
.. To pay the steel company n cneh
bonus OF 100000 and also to buy and
pay for Mt par 100 first mortgage
bonds OF $1,000 each out OF total isluc
that shall not exceed S1bO.0O0. issued
Is the steel company. both OF said
rs OF 100000 as specified In cash
US and the price OF said bonds, 20
be payable Immediately 10 the steel
company upon the completion OF tn.
buildings and equipment or the steel
plant. etc, and upon the actual opcr-
alton on or before April !. 1906. nH
specified for period OF not less
than three days and by tho manu-
facture OF not less than twenty-five
tons Of the finished product,
3. The certificate M writing OF s. X.
Smythe, engineer ana contractor OF
Pittsburg, that the steel company had
compiled with tho requirements that
should cntitle II 10 the bonus speci-
fed. 10 be accepted without appeal or
question by the land company.
4. To secure for the steel company
sssr ..s.s L.. Al.
1000 acres or land, nearly contiguous
OF the site 10 be selected for tho
plant, such agreements TO be made
between the owners or such land and
the steel company. providing that the
land owners shall pay 10 the steel
company from time to time ono-haif
the net profits realized on sales there
after 10 be made Of such 1000 acres
of land or amy part thereof, over nnd
above the sum OF $1,000 per acre.
8, The agreements nDmod made on |
the express condition that the steel
company agrees 10 begin ana prose-
cute diligently the work OF erection |
and equipment OF the steel plant ON |
the lands to be given within ten days |
from the execution and delivery In |
escrow OF the deed TO the steel COM
pany or the flfty acres OF land for It's |
site and the execution OF n sntiHfac-
tory guarantee OF payment OF the l
cash bonus and bonds purchase mon
cy. and the completion Of a railroad |
siding to the site selected for the
plant.
@. All real estate embraced In the
1000 acres In the vicinity VI the site
which may remain unsold after April
!, 1893. to accrue interest nj the rate
OF 8 per cent. u year, which shall be
added TO the price OF valuation OF
$1,000 per acre. Said interest to con-
tinue on same until the land IL sold
or the agreement with the land ownprs
terminates.
one Of the conditions OF the agree
ncnt between the companies was that
the actual cost OF payment FOR said
Bessemer steel plant and structural
atrel rolling mills TO be erected on the
site OF aforesaid shall not be less than
100000
The works will be under way by
April or May next.
There Is no place like home when
HE cooking Is good. It's always good
when Or. Prices Cream Baking Pow
Ter rs used.