Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1901-10-20

inc tfttehulN VdHVIN 9tSttidaN pan
ed sensational story to the ei-
feet that the Everson Steel Corpora
ton, an antitrust organization, with n
capita. stock sof about ss0oo.ooo con-
templated the establishment of a new
Industrial town few miles below
Moundsville. on the West Virginia side
of the river. II was said to be part OF
the programme of the corporation TO
spend about a half million dollars on a
basic open hearth steel works, and 9TH
err mills.
The following Is taken from the Com
mercial Gazette:
The EVerson Steel Corporation. charter
ed IN West Virginia with an authorized
capital OF S3,010. uo0. promises the creation
of a new town within a year, about slN-
teen miles below Wheeling ON me West
Virginia side of the Ohio river. The COM
pauN, which Is as yet not fully orsaniaeu,
is being launched by PittshnrE, New YORK
and Chicago capital. ON the banks OF TIE
Ohio river, with frontage ON thut stream
and with the ohio River railroad running
through II, the company has secured ei'
aercs OF ground.
Tho steel plant 20 be erected is esti-
mated to cost ssl5 100 TO- construction and
to employ 1000 mon. The product Tor the
market will be chiefly sheets ana steel
and iron tubes, special makes OF boiler
tubes and steel wheels for vehicles. Inc
company has already opened offices III tho
Bjskowell law building la Pittsburg.
Present alans OF tho company can Tor
the erection of a basic open hearth eteei
works to produce 200 tons q day, There
Will be "A sheet bar MILL skein depart
ment and machine and foundry SHOPS,
Pipe and tube works With n CAPACITY TOT
MIN
j plant Is to have eight mills aud TO produce
black and lenf-coated sheets, the capacity
to be about / 500 tons n year. "A depart
ment for making compound tuoes hned OF
| covered with copper or other material for
use as boiler or water heater tubes, pump
! barrels and other purposes " 10 nave u
capacity of Loo tons year, The depart
ment for the manufacture OF steel wheels
| for vehicles Is to have a capacity or a2,po
wheels year, which may be subsequently
| increased to $1,000.
Additional details concerning the big
/ enterprise are given In publication
! In another Plttsburg paper. from which
| the following extract Is taken:
: II will be the aim of the corporation TO
| build such town as Will command ,ne
| admiration of industrial centers. IN other
| words. II is to be model town, IKE run
man, In Illinois. or NnnderErit with en-
tirely distinct lines of DEVELOPMENT.
| The company. IN It's prospectus, states
/ that 1t win probably he a part of the cor
| poratlon policy to have built some Hight
draught steamboats, and covered bafRes
with which 1t can transport large paft
of it's finished product to all points on tha !,
| Ohio and upper Mississippi rivers ana
! their tributaries. The ohio River rail-
road, which Is now a part OF the baltimore
! q Ohio system, passes through the prop,
| erty 10 be utilized. The headquarters ~
the company at present is at III Blackwell
| Law building.
While the scheme is entirely feasible
there are matters in connection with II
| which make 1t dubious, to say the least.
| The land referred TO lies at Thomp-
sons postofice, or Round Bottom, as
| the locality is better known. II Is an
/ Ideal site for a town. The bottom Is
very wide, and practically all above
! high water mark. 1t Is similar TO
/ Glendale, but with more available ter
ritory. There Is coal In abundance, and
| the ten inch main of the Hope Natural
Gas Company runs through the prop
erty crossing all the farms.
1t was in August OF the present year
| that options were taken upon the four
| farms embracing the tract which figures
! in the enterprise, namely: John and
Fred Umle farm OF 140 acres; Thos.
Cats farm of 100 acres; John Clark
farm of $50 acres, and J. A. Burley farm
OF 1870 acres. The price at which the
property was optioned was 500 per
| acre.
The options expired about thirty days
ago and have not been renewed, nor has
any effort been made to renew them.
Two or three days before the expira-
ton Of Une options the parties were no.
! titled from Plttsburg that they would be
taken up, and the owners were request
ed to be in Moundsville to make out
the deeds The Pittsburg parties did
not show up, however, but sent tele-
gram requesting the property owners
to hold off until the following Friday.
They were present again upon that day
but no person appeared to take up the
options.
Mr.. Friend Cox, Moundsville law
yer, who was representing the Pittsburg
people, met one Of his clients in train
on the same day. and had a converse
ton with him, after which ihe announced
that the deal was off.
As the matter now stands the Limles
have announced that they will not sell,
but the remainder of the property
could probably be acquired at the price
agreed upon.