The Montgomery advertiser., 1905-09-01
EXPANSION NECESSARY
EXPERT FRITZ ON THE IRON AND
 STEEL SITUATION.
CoasurptIon Demand Has Grown So That Matter of supplying the Material Must Now Be
 Reckoned With.


 Baltimore. Aug. 31.--(Special. )--Mr. John Fritz. for more than haif cen tury leader in the development of the iron and steel industries of this coun- thy, in an interview published in this weeks issue of The Manufacturers Record, covering much of his long life work in the iron and steel trades, ex- presses the conviction that the great question before the iron and steel eel men ,,r with the consumptfve demand and that constant expansion upon far greater scale than we have ever seen is neces- quirements In iron and steel He De- lieves that the South must duplicate the wealth-creating experience of Penn- It is interesting to note that at the time this interview was given by MT. Fritz, the real creator of the Bethle- at the same hotel with him in Atlantic City Charles M. Schwab, the present controlling owner of the Bethlehem mands upon the trade, has since sailed | Tor Europe to study, among other trade matters. the new method of manufac- successfully in operation in Luxemburg
 The great problem" says MT. Fritz. with our iron and steel makers will be the sna oH for the the wors %ard needs Referring to the question of 1 ore, Mir. Fritz stated that some time Mrs Carnegie, this subject was under discussion. and MT. Carnegie said iron ore is king to which Mrs. Carnegie as tSs and coal is Speaking | ore, and looking to an expansion in production in iron and steel. even more
 rapid and marvellous than that of the | friends were recently discussing the question of the sale of large iron-ore property in Cuba, one of the foremost poration advised them against selling, | on the ground that no. character of property is increasing in value so rap I am Inclined to think" continues MT Fritz, that the iron and steel peo- pie can scarcely build ahead of the con- developed by the worlds needs. and the very ability to provide will create in- creased needs. There Is room enough the great corporations now in existence but room for new iron and steel works wherever an ample supply of ore and coke can be brought together at figure | to make cheap production possible, and in the future I think the tendency will be more and more towards a higher improvement in the quality of steel. The time has come when we should seek for Quality as we'll as quantity. There Is a Its abundant supply of ores. with its it's vast stores of coking coal, that section should fulfll the prediction of MT.
 rhe two aewtf hsa he fss ssS that ing the iron and steel of the world are to be the Lake. Superior region, and other. The growth T of the " Basic a, e" steel ta industry, now that it has been fairly started in the south. ought to be very | stores of ore and coal and limestone in such close proximity as Is found In Alabama. bids fair within the next basic steel industry of II the 1otde world' the What Pennsylvania has done in the development of iron and steed. and the in that State, must. it seems to me, be fully duplicated in the South, now that this section has really begun the broad in fact. as I view 1t, the increasing de- mand for iron and steel will not only tax the productive capacity of Penn which may sooner or later, like that of the Maryland Steel Co. at Sparrows Point, be established along the sea tax the increasing productive capacity both in Iron and steel. of the entire
 My active business experience coy CTS period in which the iron produce tfon of the country has grown from the feeble infant industry producing few finances of the country. with its pres ent output of 22.000,O0O tons. The growth of our own country .alone. would. in my opinion. demand equally as rapid growth in the. future. but when we take into consideration the fact that the Eastern war means the opening of all Asia to Western methods and Western civilization; that 1t means that China and the whole Orient. un- der the lead of Japan and stimulated by Japan's success, will begin on a large scale the building of railroads and of all modern improverSen ,utiliz. ing iron and steel all to be followed by a demand for ships and guns, that Asia may take rank with the. rest of the world in modern progress, 1t seems to me that scarcely any limit car be fixed to the tremendous possibilities As the foundation industry of the reaching of any connected with the civ- ilization and the progress of mankind, the future of the iron business, 1t seems to me. Is far greater and more bril- liant than 1t was when Mir. Hewitt hf- ty years ago, with his prophetic vision, foretold what was to be accomplished in the next half-century. and which has been more than realized"