Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1903-09-03
CARNEGIE SAYS THAT BOTTOM
OF VALUES IN STEEL HAVE
VIZ BEEN REACHED.
ANGLo--sAXoN UNION
Steel King in Address Before Iron and
Steel Institute in England Gives Rea-
! sons for Belief in Advance of Coal
Prices.

-Furness. Sept. TT is
doubtful if ever lower price can be
reached for steel. On the contrary
there is every indication that period
after period the price OF steel is to be-
come dearer owing to the lack of raw
materials" With these words might it
be said that Andrew Carnegie, the
steel king of the United States, sum
med up the iron and steel industry
in an address delivered here before
the Iron and Steel institute of which
Mr.. Carnegie is president. Mr.. Carne-
gle expressed a confidence in the ulti-
mate union of the interests of the Unit
ed States and England. He said in
part:
Sees AngIo-Saxon Union.
Mr.. Carnegie also predicted the ultimate
union of England and America, saying:
Unfortunately an ocean exists where we
should have prairies. but it is traversed in
about the same time as the three thousand
miles of land between Montreal or New
York on the Atlantic and San Francisco
and Victoria on the Pacific. Who so bold
as to predict that never is our race to sue
coed in converting the ocean. hitherto a
barrier to your extension, into the path
way to reunion of the once united branch
es? Not I My faith is unshakable that
some day this will be accomplished and
that instead of being two small Islands
here alien to the European continent you
will look across the sea to your own chill
dren in Canada and the United States and
become once more the mother member of
the dominant power of the world.
Mr.. Carnegie said in opening that the
record in iron and steel of England, "the
great little mother of nations" had not
been equaled by any of her children, al
though her oldest and biggest seems to in
herit his mothers indomtable spirit and
the ability to work miracles.
Turns Back Thirty Years.
Referring to n meeting of the institute
held in Barrow in 1874, Mr.. Carnegie said:
There was at this historical meeting a
report. a remarkable production, submitted
by David Forbes. foreign secretary to the
institute upon the progress of iron and
steel Industries in foreign countries. / nat
urally turned to see what he had to say
about the United States Several pages
are given to the Pittsburg district, and
what is there recorded carries me back to
the days of youth apparently. In 1873 the
Pennsylvania Steel company made 10000
tons of steel rails. They make that
amount in two weeks now. Bethlehem
iron works We're engaged in raising loan
of the enormous amount Of 100000 for
O00. Five millions would be comparatively
less today. The great Cambria iron works
I'M western Pennsylvania. near Pittsburg,
We're credited with having no less than
l,0271h tons of ingots in the week ending
Sept. 90, the largest quantity ever made
In week-a days work nowadays.
Two new blast furnaces We're being built
in Ohio the capital of the company being
all Scotch, and it was proposed to call
the iron Scotch-Anerican pig. This isn't a
bad Grandfather of men or iron. 1t is
noted that the total production of pig iron
In the United States in 1872 was 1881 DOC
net tons, and in 1878 just about the same
today it IL approaching 20.000000 tons pei
annun. The product of steel, nearly 10,
100000 tons, is greater than the rest Of
the world.
Chances Into the Future.
Gentlemen, such is the contrast between
1874 and 1903. What is it to be twenty
nine years hence? What changes are tc
come? ] have trieI to imagine some of it,
features. 1t is scarcely possible that thi.
country cln increase It's product of iror
and steel materially. Let us hope that the
product will not be decreased. The yita
element In the matter Is as we all know
the supply of iron ore. Many of you are
sonversant With the situation here only