The free press. (Poplarville, Miss.) 1890-19??, 1898-07-07
Official Announcement of the Perfec-
tion of Organization
DY SALE Or ALL BONDS OF The COMPANY.
Work VIII Commence at Once and the
Steel Plant VIII Materialize Soon-A
New Era in Iron and Steel Manu-
featuring Confronts Alabama.

located at Ensley six miles from Bir-
mingham, is no longer myth, but
certainty. Actual work will begin this
week, and within few months one
thousand tons of steel billets will be
produced daily. With the steel plant
will be steel rail mill and many other
industries concerning steel. 1t is es-
timated that the mill will add $4,000
people to the population of Birming-
ham.
The Official Story.
The following statement by Mr..
James Bowron, vice-president and
treasurer of the Tennessee Company,
has been made public
"I am in receipt of advice from
New York that signatures have been
obtained completing syndicate which
will guarantee the subscription for
1925, 900 of bonds of the Alabama Steel
and Shipbuilding company, indorsed
by the Tennessee Coal, Iron and Rail
road company. The action, there
fore, assures to Birmingham the con-
struction within its borders of an ST.
100, 900 steel plant as soon as its citl-
zens subscribe for such part OF the re-
naming $175, 900 as may be left open
to their subscription after the bonds
have been first offered to the stock
holders in the Tennessee Coal, Iron
and Railroad company, of which local
subscription ample and satisfactory
assurances have been given by citi.
zens conversant with the temper and
ability of our people"
'In pursuance of this information
| the Tennessee Coal, Iron and Railroad
company has subscribed for and paid
in cash for the common stock OF the
Alabama Steel and Shipbuilding COM
pany, which is now legally constituted
and is preparing to issue the bonds for
delivery upon the above named sub
scription.
"The engineers will arrive this week
to take charge of the work OF construc-
ton. 1t has been carefully estimated
that for the purpose of constructing
this plant and the homes for the opera
tives who will be employed there, and
for supplying the necessary materials
| for it's consumption from the various
blast furnaces, ore mines, coke ovens,
and collieries in the district, there will
be sufficient additional workmen en-
ployed to make up together with their
families, on an ordinary basis OF CON-
putation, 25, 900 additional population.
Negotiations that have been wait
ing will now be taken up actively for
the purpose of locating at Ensley ad-
ditional enterprises, which will become
in their turn consumers of the steel to
be produced there. 1t would be pre-
mature at present to speak OF thelr
nature or of their scope"
Wages Advanced in Birmingham District
Fifteen thousand men in the Bir-
minQham district are now working at
an advance of wages. The miners OF
Jefferson, Bibb and Shelby counties,
1000 strong, begin the new mine
year with satisfactory adjustment OF
all wage questions and an advance OF
q cents per ton or 7 per cent. The
1000 miners of Walker county have
been working at an advance of wages
for several months. The restoration
of so per cent of the 10 and 20 per cent
cut in wages on the Louisville 4 Nash
/ vile railroad, made in 1896, went IN
effect July l. This advance affects
3. 600 men in the Birmingham district.
IT.