The age-herald., 1901-02-27
HARDIE- TINES co.
 TO REBUILD HERE Deal for a Valuable Block Clos
 ed Yesterday PURCHASED BLOCK No. 427 Big Concession Was Made By the Bir- mingham Realty Company In Order to Keep the Industry
 In This City.
PURCHASED BLOCK No. 427

The Hardie-Tynes Foundry & Machine Company will remain in Birmingham This was finally decided upon yesterday afternoon when a deal was closed where by that company purchases from the Bir- mingham Realty Company block 427 which lies between Eighth and Ninth Avenues and Twenty eighth and Twenty ninth streets. The price paid for the block Is s12o00, just $500 less than the price at which 1t has been held by the Realty Company. This concession was made by the Realty Company in order to retain this important industry in Bir- mingham.
 The plant of the Hardle-Tynes Com pany, for ten or fifteen years located at First Avenue and Twentyseventh street. was destroyed by fire about month ago and immediately thereafter it was an- nounced that Messrs. Hardie & Tynes were considering a proposition to remove to another city, either Memphis or Chat tanooga, where they would rebuild. The owner of a three-story brick building in Memphis, which had been constructed for manufacturing purposes, offered to dis pose of the property at very moderate price and 1t was given out that the prop osition would likely be accepted. This report set the people of Birmingham to thinking. and a meeting of the directors of the Commercial Club was finally call ed for the purpose of taking some steps to keep the industry In Birmingham If possible Two or three meetings were held with but little or no practical re- suits.
 Negotiations for Site.
 In the meantime, however, Mir. Tynes had indicated that his company would probably rebuild here if block 427 could be secured at a reasonable figure. It Is stated that sS, 900 was offered for the lot, which includes the entire block of about four acres of land. The block was the property of the Birmingham Realty Com pany and the officers of that company stated that it could be purchased for $16,Oo0 which was $4,O0O less than they had previously offered it for and sS,ooo more than Hardie-Tynes had offered for it. A compromise was dnally agreed upon by which the purchase price was fixed at $12,OO0 and the trade accordingly closed yesterday afternoon.
 This Is one of the most valuable pieces of land In the city for manufacturing purposes, lying alongside the Central of Georgia and the Kansas City, Memphis and Birmingham Railroad tracks, and the track of the Birmingham Belt Railroad, and within a block of the North Birm- ingham line of the Birmingham Railway, Light and Power Company. The Realty Company made the concessions on this block for the sole purpose of preventing valuable manufacturing plant remov- ing from the city. President Fulenwider and General Manager Mcdonald appre- ciated the situation and preferred to make some sacrifice to seeing the city suffer by the rebuilding of prosperous plant in another city.
 Will Begin Work at Once.
 The work of erecting the buildings for the new foundry and engine works will begin at once, and Messrs. Hardie and Tynes expect to have the plant in opera ton within ninety days. The new plant will be much larger than the one re- gently destroyed, and will be equipped with new and first-class machinery. The Hardie-Tynes Company employed about 125 men, fully seventyiive of whom were skilled machfnists and engine builders, at the old plant, and this number will be considerably increased at the new plant.
 The Hardie-Tynes Foundry and Ma chine Company were builders of engines and makers of castings and other foundry products. The owners of the plant are William Hardie and w. D. Tynes, both splendid gentlemen and thorough busi- ness men. whose departure from Birm- ineham. had they decided to remove, would have been a loss to the com- a.axalfa