The Birmingham age-herald., 1905-03-26
IRON MERCER MAY BE ACCOMPLISHED Col. I. C. Bush Returns from
 New York OUTLOOK SEEMS BRIGHT Bush Inclined to Think Southern iron Companies Will Be Consolidated. But the Project Being Large,
 Progress May Be Slow. 


 bama Consolidated Coal and Iron com pany, who had been in New York since early in February aiding in the project to consolidate the iron companies of the Bir- ningham district, returned to Birming- ham last night.
 "As to the merger" said Colonel Bush. progress Is being made but owing to the fact that the proposition Is large one and so many things are to be considered and so many interests are to be recon oiled. the work is naturally slow"
 Colonel Bush said that it was his belief that the consolidation would finally be &C., complished.
 'As to the ownership of the Tennessee company" continued Col Bush, T am without positive knowledge but it is gem orally believed that Mr. Hoadley and his associates own Q majority of the shares of that company. The question of owner ship, however cannot be definitely as- certained until the stockholders, annual meeting which is to be held in May next,
 More Concllatory Spirit.
 "It is understood that there is a more concillatory spirit on all sides and there Is evidence that all interests are mak- ing some effort to bring about the de- sired end. MT. Hoadey has not relaxed in his energetic efforts to bring about the accomplishment of this consolidation which, he is persuaded to believe, means so much to the general interests of the r,t.. ticularly. He is enthused as to the pos abilities of Alabama and is still working and looking to the transfer of certain important manufacturing interests to the Birmingham vicinity He believes, as others who have investigated the sub ject that the internal combustion engine as controlled and manufactured by the International Power company, Is to revo- lLtionize the power of the world both on land and on sea, and it Is his present opinion that there is not more suitable place in the country both for economical production, and advantages for dstribu- tion than Birmingham; so 1t would not be at all surprising to see at an early day plant established at Gate City on N'A' PAbPNl Ai1S Ol tilt AldDduld 0OnSOl1- dated Coal and Iron company to manu- facture these engines and later the Will kinson steam turbine engines.
 Probably Locomotive Works.
 Tt is also highly probable that loco motive works will be established. I re- gard 1t as particularly fortunate thar a person so broad in his views and so well equipped as a great mechanical en- gineer and a fnancier as Mr. HoaaIev should become interested in industria: development in the south. It Is we'll known that he is much interested in the success ful establishment and operation of what Is known as the Southern Cotton cor poration, the chief business of which will pc to construct and operate together With local interests in the south cotton Warehouses, so as to give to the farmers such facilities in the way of cheap stor- age and Insurance and such form of ware house receipt suitable for collateral as he mas never enjoyed before.
 Tt is also well known to those who ar. pest informed that Mir. Hoadey and his associates have had excellent opportnni- ties to sell their securities in southern Iron companies for an immense profit hut they have declined to do so, being deter mined with the co.operation of others to work out the solution of the problem iirst undertaken and believing in the end 1t Will be more profitable to all concerned and to the Birmingham district than any other plan that could be adopted
 
 Disseminating Information. There Is one thing that must be qu,ee evident to the people of Alabama and or Birmingham especially, and that is that this movement looking towards the con solidation of the Alabama iror cont,anies has been the means of dissemifiatine re- haoie information concerning the dis trict such as has never been done be- fore, and consequently has raised in the estimation of the general public. and of financiers particularly view of the situation such as they have never had before and has inspired immense con hdence in these properties as an Invest ment if they should be properly organized and we'll manager. If, therefore. nothing else comes from this movement than this advertising, Alabama will have greatly profited by the results.
 The Alabama Consolidated.
 'I have been away from home longer than I expected. but a good deal of my time has been given to martets immediate ly connected with the Alabama Consoli- dated Coal and Iron company. As has already been stated, active preparations are being made for the construction of another new modern furnace at Gads- den, which will add greatly to the iron output of the company and very much to it's revenue"
 Colonel Bush stated that the general iron situation is encouraging and that he had reason to look for profitable busi- ress throughout this year at least, unless some unforeseen conditions may cause g change. The buyers of steel and iron man fest strong confidence by. disposi- ton to buy as far ahead in this year for deliveries as sellers are willing to meet them.
 When it prints good. it is a good cut