The Paducah sun. [volume] (Paducah, Ky.) 1898-1906, 1902-08-01
The Kentucky Iron Company Filed a
Lease to il This Afternoon.
Psducah's Iron Furnace Will be in
Operation Again Within
Few Months.
BACKED BY MTLLIoNAIRs

The PaducAh iron furnace, which
has been idle for nearly two years, is
soon to be In operation again. This is
no Jest, nor is 1t idle speculation. 1t is
a fact. and the prospects are that when
1t is started 1t will continue to run this
time.
This afternoon the Kentucky Iron
Co. filed q lease of the furnace prop
erty. The papers were recorded in
the county clerks Office, and show
that the company paid $4,000 for the
first year. with an option on the
plant for 100000.
The officers Of this company are;
W. ]. Hilands president, John Cud-
any vice president, A. ID. Blamon-
don secretary and treasurer, and
George s. Finney general manager.
= All Of these gentlemen are Of Chi
cago, and the first three are what
might be called millionsires. For six
months the Commercial club Of Padu-
cab, through Secretary George II.
Dains, has been at work 20 locate the
company here. and Secretary Dams
has made two trips TO Chicago to con-
fer with them. His efforts have now
been rewarded. and today the COM
pany, which IL incorporated in another
state for $500. 900, assumes control Of
the furnace.
Mr.. Cudahy. who Is the famous
packer, is himself millionaire, and
the company wants not dollar from
Paducah, and does not desire to Dor
row anything from anybody. In fact,
IL asks nothing Of anyone. Its inten-
tion is to locate here, start the iron
furnace and run 1t. IL will do this at
once. Some repairs are to be made
on IL, and some new machinery plac-
ed In, and then It will start.
IL may be blown in by the first Of
October, or 1t may not be until De-
cember, but 1t will be as soon o. pos
sibie.
ar. Finney, the manager, is n prac-
tical furnace man of established repu-
tation, and undoubted success. He
has never failed to make a project Of
this kind pay, and he Goes not expect
to fail here. He is in the city today
arranging for beginning the repairs.
The company will work about 100
men when it begins operations. and
will get Its ore from mp the Cumber-
land and Tennessee rivera IL owns
inc xhaustible ore beds on both rivers,
and will doubtless In time have It's
own tow boats to keep the supply mp to
requirements.
Mr.. Hillands. the president, and an
other member Of the company were in
the city about two weeks ago as
guests of the Commercial club, and
the deal was practically closed then,
but was not at that time ready for
publication.
The resumption Of the iron furnace |
is something that Paducah can feel
proud of, for IL is a big thing, and
this time will be operated by men who |
have every resource. and are not spec
ulating. They ask nothing, but have
the cash and mean business.
As stated above, the date of begin
ming operations is not settled on, be-
cause IL is not known how long it
will require to make necessary re-
pairs. 1t will be within the next two
or three months, however, just -
soon rs they can get ready.
The location of the company in Pa
.ducah is another feather in the cap Of
the Commercial club, and Is credit
to its hustling secretary. Colonel
George II. Dams