The San Juan islander. [volume] (Friday Harbor, Wash.) 1898-1914, 1903-03-05
GREAT INDUSTRY
SEATTLE TO BE CENTER OF I'M.
MENSE GROUP.
of Her Most Prominent
Citizens and Capitalists Form a
Company TO Build Immense Iron
and Steel Works and Secure AL
lied Industries.

Seattle, March 2.-Seattle's capital
lists and business men have perfect
ed the organization of company
which will center at Seattle all of
the iron and steel manufacturing in
terests of the Coast, which will pro-
vide for the erection here of i'm
mense iron and steel furnaces, attract
ing around them rolling mills, steel
plate, steel rail and tin plate mills.
foundries, engine works, stove works,
nail works, chain works, wire works
and a numberless multitude of SINH
lar factories for the production Of
iron and steel manufactures. They
have taken over the Irondale furnaces,
purchased the Barclay Sound iron
mines, secured options on numerous
Washington and British Columbia
iron properties, and will Immediately
enter upon the development at Seattle
of the manufacture of iron and steel
on an enormous scale.
The name of the company is the
Seattle Iron e Steel Company, and
it's purpose is to acquire and operate
iron mines in this and other states
and British Columbia; to acquire and
operate lines of transportation; to
acquire, construct, own and operate
iron furnaces for the manufacture Of
pig iron; to construct, own and oper-
ate rolling mills, rail mills, steel mills,
tin plate mills, foundries, wire works,
pipe works, nail works, stove works,
chain works, engine works. to manu-
facture car wheels, locomotives, bolts
and nuts, farming implements, and
any and all other of the products of
iron or steel; to purchase, own, sell
and transfer real estate; to purchase
and operate coal mines; to mine coal;
to acquire, purchase, construct, own
and operate coke ovens for the manu-
facture of coke; to quarry limestone,
and do all other things connected with
the mining, transportation and manu-
facture of iron or steel or the products
thereof.
The center of the field of operations
which the company will exploit will
be Seattle.
The organization of this company
means the Capitalization here of a
steel and iron manufacturing industry
of stupendous magnitude and import
ance, the supplying of the entire Pa
cifc Coast and of foreign countries
tributary to Puget Sound with iron and
steel products, and the promotion of
an industrial development for this
city which could be brought about by
no other means.
UP to the present time the greatest
obstacle to the industrial development
of the Pacific Coast of America has
been the high price of iron and steel
products. With the prices of these
products materially reduced and with
the development at Seattle of the iron
and steel industry on large scale, as
contemplated by this company, devel-
opment along other lines-railroad
building, shipbuilding, mining, lumber
manufacturing and all other lines of
industry requiring the use of such
products on large scale-will receive
an impetus which could be given them
in no other way.
The Seattle Iron & Steel Company
is composed of some thirty-five of the
most successful of Seattle's business
men, and in addition includes a few
men of prominence from outside the
city. These men have gone into this
venture only after satisfying them
selves by the study of the experiments
which have already been made that
the iron ore is to be found tributary
to Seattle in inexhaustible quantity
and unequalled quality; that the coal
mines tributary to the city are suit
able for the manufacture of a first
class quality of coke for iron manu-
facture; that limestone can be secured
in limitless quantities at very small
cost, and, in general way, that all
of the essentials of iron and steel
manufacture are easily and cheaply
at hand. In addition to this they
have gone into the matter of the de-
mand for the products of such an in
dustry, the prices which now prevail
on those articles manufactured by
Eastern concerns together with the
rates of transportation.
The conclusions which they have
reached after investigation fully into
these facts and conditions have in
duced them to invest their money in
this enterprise, and to devote their
time. energy and the prestige of their
business standing to its promotion.