New-York tribune., 1905-02-16
WORLD'S STEEL CENTRE.
Il General A5cakening to AIabanla S
Fast Stores of Ore and Coal.
my TELE0eAPH TO THE TRIBUNE J

by TELEGRAPH TO THE TNlSLNi.
Atlanta Ga. Feb. I5.-The entire South is awaK-
ening to full realization of the tremendous future
OF the iron steel interests of Alabama as raa-
ating point for the development of the entlre SOUTH
recognizing the fact that Alabama is destined TO
be as important 10 all the business interests OF the
South the iron and steel interests OF Penn
sylvania have been to the Middle and New-Ensiand
States. The Atlanta Constitution" in a leading
editorial. says:
The Manufacturers Record halls the purchase 5
pany by the International Power company iasl
week as possibly prophets Of another great
largely to the present material development of
that State 1t will be remembered that in dis
patch published in The Constitution few days
ago reference was made TO arrangements touchlng
further consultations. Activity in the stocks OF
other Alabama companies is sufficient to lend color
Attention is called to the fact that the interna-
tional Power Company is the concern which some
S oao1e as9 was omPan wheh IN W one one
ton. practically controls the manuf9cture Of loco
nanufscturing interests in New-Engand and else
where as well as one of the biggest ordnance
plants in the United States The interests of this
corporation would naturally suggest a domination
coal three constituents Indispensable in the prose
cution Of its business, are obtainabie & at prices
Which can not he matched elsewhere in this country
There can be no doubt that the prophecy of Colo
mel A. X. Mcclure. made some years ago. in which
he predicted Ala anama suppeacg III MIN the w0IiG
vana is rapidly approaching its fulflment Realiz-
ordinate presence Of all the ingredients used in
the manufacture of articles composed Of iron and
steel their accessibility and apparently limitess
extent it is no wonder that these influences which
dominate the iron and steel industries of the United
States would wish to protect their interests
BY developing these latent possibilities. Those who
have followed with amazement the phenomenal eyo-
luton of this industry in Alabama to the present
status are prepared for breadth of ultimate de-
veIopment difficult Of comprehension by the less
initiated element
When it is remembered that President Hill of the
Great Northern Railroad puts a valuation of $500,
0oO0O on the 500 100000 tons of owned by that
company and that Schwab in his testimony il
court few years ago. put valuation of 81 a ton,
or s70lGOO00. on the 100000 tons owned by the
Steel Corporation. faint conception of the
wealth Of Alabama be gathered when 1t is
susceptible of proof that the Alabama Consolidated
Coal and Iron Company and the people connected
with that corporation and the three or four other
leading companies in the State own more ore prop
erty than the Steel Corporation and the Great
Northern Railroad combined. and that instead of
this having to be hauled a thousand miles TO
Pittsburg other points TO meet the coal, Ala
bamas and coal within few miles of each
other. The South, well the world at large,
is now beginning to realize that the centre of the
worlds iron and steel interests are to be concen-
trated in Alabama.