The age-herald., 1898-12-17
PIPE WORKS
 WILL BE BUILT With 200 Tons Capacity for
 This District. MR. M'LAREN WON'T TALK But The Age-Herald Has Authority to Say the Plant is Assured-Wil be One of the Largest
 in the Country.
MR. M'LAREN WON'T TALK

The great southern plant of the Addyston Pipe Works company will be erected in the Birmingham district This much The Age Herald has the best authority for stating.
 The plant will have a capacity of upward of 200 tons a day, and will therefore be one of the largest single pipe works plant in the United States.
 Three hundred thousand dollars will be invested in the plant, and it will add prob ably 2,0OO persons to the population of Bir- mingham.
 Its exact location is still a matter of doubt. Indeed, President D. McLaren has not yet made up his mind on that point; but 1t is believed that the plant will be placed within the present circumscribed confines of the city, or closely adjoining thereto.
 President McLaren was seen by an Age Herald reporter last night. He refused absolutely to be interviewed, though by in- ference he permitted the reporter to say that the plant would be built in this dis trict.
 q have nothing to say more than l said in my interview with you when first came here three weeks ago." said he. ''I told you then that the Addyston company in- tended building a great plant in the Bir- mingham district, and I gave you other facts concerning our affairs which the pub lie will remember. There is nothing further for me to say at the moment" .H : Being interpreted, this means that the great pipe works plant will be built here Indeed, MT. McLaren repeated that fact last night.
 Pressed as to the site of the plant, MT. McLaren very frankly said that he had not made up his mind on that point; that he had been considering the matter and doing a great deal of hard work. But, that when he had anything definite to give out he would be pleased to acquaint The Age-Her- aid reporter with his plans in full. MT. McLaren was shown the following advertisement, clipped from a Cincinnati newspaper: The annual meeting of the stockholders of the Addyston Pipe and Steel company will be held at their office, United Bank build ing, Cincinnati, O., Thursday, January 19 1898. at Il o'clock a. m, for the purpose of electing nine directors to serve for the ensuing year, and to take action such other business as may be presented, includ- ing the following resolution, which was passed unanimously by the board of direct ors at meeting held December1, 1898: : Resolved, That for the purpose of prop ,erly extending the business and protecting the interests of the company, it is neces- sary to erect and operate plant for manu- featuring pipe and other articles within the corporate objects of the company, in what is known as the Birmingham district, state of Alabama, and, to that end, it Is in the opinion of the board advisable that the capital stock of the company be increased in the sum of three hundred thousand dol lars $900 ,000, by issuing and disposing of cumulative per cent preferred stock of the company in that amount from time to time as the necessity may in the judgment of the board of directors require, at not less than its par value, giving the owners of the common stock the option and preference of subscribing for such preferential shares in proportion to their several holdings; and that the stockholders are requested to give their assent to such issue and disposition of preferred stock" Respectfully
 A. H. DAVIS, r.-f
 Secretary.f "Yes," said MT. McLaren, "that has been running as advertisement for a day TOT two, and is printed in order to comply with the law of Ohio. We shall remain cor poration under the Ohio law, and this mat ter of a new, plant is fixed for our annual meeting, which saves the trouble and ex- pense of a special meeting. The Addyston company is all right