The Kimball graphic. (Kimball, Brule County, Dakota [S.D.]) 1883-1905, 1898-09-30
Vast Company ceing Formed 70
Establish Largest Ship Yard
In the World.
CARNEGIE AT THE HEAD
Nill Practically Control the Con-
struction Of All War Vessels
and Armour Plate.
WILL HAVE TO COME HERE
One Hnntlred Mil.ions OF Capita,
IL Involved mud tho Plant Will
BE the Largest hIver
Known.

FAy
lowing the confirmation of the news
that u gigantic steel trust has been.
formed in this country comes the an-
nouncement that a ship building plant
on q vast scala scale never attempts
ed hitherto, or even dreamed of us
among the possibilities, is to be estab-
lished in this port, with Andrew Car
negie as its active head.
Even now 1t is said that conferences
are being held daily in Pittsburg by
the representatives Of the various cap
ltalists who will be interested with
Carnegie in this great undertaking.
One secret Of the determination to
TO be the fact that Andrew Carnegie
has obtained the right to use the
kruppized steel armor, or armor that
has been subjected to the Krupp
process-which renders 6-inch armor
more impenetrable than l7-inch ar
NOR is under the old processes.
I0 Control ShipbmitdinG.
The steel trust, born q few weeks
ago with q capital of $20O,O OO, 600 and
christened the Federal Steel company,
will control the iron output of this
country from the moment the iron ore
leaves the mines until it leaves the
steel works. The Carnegie syndicate
expects to control the shipbnilding of
this hemisphere, besides the construc-
ton of many Of the warships which
the maritime powers of Europe have
in contemplation.
The amount OF capital involved in
the plan-for the details are by no
means complete is not known now,
but 1t is safe to say that it will 60
over the 800, 600, 700 mark. The loca-
ton of the plant is not yet decided
upon, but it will probably be on the
North river, in Jersey City. It is en-
tirely within the range possibility
that the plant will be at Communi-
paw.
If SO it will be necessary 10 dig wide
and deep channels leading from the
ship channel in the upper bays TO the
ways of the plant. That Andrew Car
negie has always held that q ship yard
ut this port would be q paying enter
prise has been no secret. In n letter
from him, printed in the Iron and
Trade Review early in March last, he
urged the advisability of a shipbuild-
ing plant at this port and us a reason
for his faith in such an enterprise he
pointed put o logical and convincing
way the low price of steel here as COM
pared with the price that English and
German shipbuilders have to pay for
it. Plates that could be bought for
S22 and $23 in New York, he said,
would cost nearly $50 in Glasgow.
Other prices, he said, were in proper
ton and ali the woodwork of ships, he
declared, was cheaper in America than
in Europe.
Use OF Krupp Process.
Whether the arrangement for the
use in this country of the Krupp pro-
cess of treating steel was completed is
not known, but it is shrewdly sup-
!. posed that it was, and that Mr.. Car
negie returned to the United States
with very clear ideas on the subject of
the armor plate to be used in future
on American warships. The steel tr,-st
had not taken form then. 1t was not
even spoken of in public. But the
steel trust became an established fact.
The Carnegie Steel and Iron works
was mentioned as one of the five great
concerns that had consolidated, al
though the Carnegie concern appeared
modestly ut the bottom of the list. The
others were the Elgin, Joliet and East
ern railroad; the Minnesota Iron COM
pany, the Illinois Steel company and
the johnson company.
When 1t is known that these COM
panies control the iron output of the
northwest the significance of this
trust and its possible connection with
the plan to form a gigantic shipbuild-
ing plant at New York may be
guessed.
That the Cramps are interested in
the plan is surmised by some, and by
others it is thought that the plan in
wolves opposition to the Cramps. The
report last May that the Cramps were
about to form an amalgamation with
| the Wicker Sons and Maxim Of Bar
row-in-Furness, England, was given
as q possible reason for opposing the
Cramps in the new deal for a shipyard
here. 4