New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-03-26
COAL AND IRON MERGER.
Interest in alabama Consolidation
Plans Qmckened.
rRr TELEGRAPH TO THE rsrsuxE.l

hos ouckened public interest in the progress which
is being made in the proposed merger OF the lead
,,- coal and iron interests of Alabama Mr. Bush
,,ot,+s out that in the last four or five weeks of
nepotiation the entire business world has been
awakened the vast possibilities OF this region,
and thousands of persons who two months ago
knew little about the iron steel possibilities Of
Alabama now realize that this is indeed be the
dominant iron and steel centre Of the world
The statement recently widely published that the
companies interested in the proposed combination
have more iron and several times as much
coal the United States Steel Corporation gave
10 a great mass Of American people a conception
which they had never before had of tho unbounded
mineral wealth and possibilities of Alabama
The interest aroused is illustrated in the fact that
1.-The Philadelphia Press" and THE Chicago Rec
ord-Herald have sent William e. Curtis to Birrning-
ham 10 write series OF articles this district,
following the comprehensive dispatches along that
line which The Manufacturers Record" Of Balt-
more recently published. Two three of the lead
ing monthly magazines and number of the most
prominent daily papers in the country also hav-
ing prepared comprehensive stories Of Alabama and
its industrial development.
The beginning of this active movement which
promises such revolution in the nletaIlurgical in
terests OF the world. made when the Interna-
tionsl Power Company of New-York bought a con-
trolling interest in the Alabama Consolidated Coal
and Iron Company, and in taking this step naugl-
rated new era in the industrial development of
the South. In its ownership Of control of the
Alabama Consolidated, the International Power
Company has absolute control of one of the most
important coal and iron properties of the South al
ready having iron output exceeding that Of the
largest yield which the Southern end Of the Re-
PUBIC steel ana Iron Company has ever had and
which is building out of surplus funds in ,,s
treasury as rapidly as possible. by night and day
work new furnace. to cost nearly $4,000, which
will still further enlarge production of iron and
bring about consequent increase in its coal and
coke business
AS Illustrating the possibilities OF the district
TIE Alabama Consolidated is now earning at the
rate Of more than 20 per cent on it's common stock
which is considerably than 20 per cent on the
price paid by the International Power Con,oanv
ior It's control Of the Alabama Consolidated's COM
mon STOCK Joseph H Hoadley, the president OF the
Internal ional Power Company acting on the advice
Of Mr.. Bush. Richard H Edn1onds Editor of THE
Manufacturers Record" and Thomas P Csrasty
al Of whom have been so long and intimately
identified with Southern development having been
farseenE enough to secure this company before the
general public had realized the coming supremacy
OF the iron interests Of the South
in this connection. Atwood Violet & Co. bank
ers and brokers. of NewYork in their circular let
fer. issued yesterday. referring not only to the
purchase of Alabama Consolidated but to the
large operations of Mr. Hoadley in other iron and
steel companies said
d has d a9S Ta said d b Il. his eSs.
tons in the stocks of the SoUtbern % oaI s and iro
companies will appropriate 100000 to the equip
motor omnibuses like those now in use for passen-
the motive power produced within the vehicle by
the Hoadley- Internal oonohIisfion en-
elhe operating a small dynamo.
This Hoadley- knight internal combustion engine
the Joint invention of Mr.. Hoadley and Walter H
knight promises TO revolutionize transportation on
land and water In discussing this in connection
with Mr. Hoadley's mechanical abilities George B.
Randolph. first vicepresident Of the Baltimore and
Ohio Railroad, is said to have remarked in the
Waldorf a few days ago that he regarded Mr.. Hoad-
ley as the most brilliant mechanical genius IN
America" and the success of the mechanical indus
tries with which he heen md
cially the Improvement OF the Diesel engine and
the invention Of the Hoadley-Knght engine, is
pointed 10 by his friends demonstrating the
rectness OF Mr.. Randolph's statement
The International Power Company has the exclu-
sive building contract for Diesel engines in the
United States and Canada This engine is coming
into rapid throughout the country. and the e
suits Of its operation apparently confirm the state
ment made by Mr.. Cramp. vice-president Of the
Cramp ShipbuIlding Company. year so ago.
who. when writing about Diesel engine which
operating portion Of the Cramps shipyard.
said: 1T is showing an economy Of per cent over
highest type Of steam engine" and predicted
that it would revoIutionize transportation land
and possibly by water. Following the development
Of the Diesel engine business has come the Hoadey
knight internal combustion engine. with broad pat
ents throughout the world owned by the Interna-
tional Power Company
II is under this system that locomotive IS
now being built for the Southern Pacific Railroad.
about which there has been such widespread in
ferest This locomotive which IS said 20 be IN
wise experiment, since 1t is simply conbina-
ton of the internal combustion engine. already
Demonstrated success, and Of electric motor,
uses SO small quantity Of oil as fuel that. far
IS the fuel is concerned, it carry in a small
tank under the locomotive sufficient supply to
run from New-York to San Francisco without
stopping II is in fact. waterless hreless smoke
less locomotive, and railroad people who have in
vestgated believe that IL marks the greatest ad-
vance in railroad transportation which has ever
been brought about since the first railroad was
constructed. Carrying water. the locomotive is
free from the heavy expense of q water supply, so
burdensome in cost IN many ways TO the present
locomotives 1t has, IN fact. been estimated that
the saving under a general use of this locomotive
would soon add almost incorceivably to the pront
Of every railroad using it. Plans are under way
locking to the securing by the American Locomo-
tive Company Of which the International Power
Company is by far largest stockhoioer, OF tne
privilege OF doing the actual Work OF 1
IN the building of these locomotives as sooa az
one now being built for the Southern Pacific Raii-
road is in actual operation, - ,,,,. ,+o~,oI
The invention OF this Hoaoiey-hhishe .iii,
combustion engine. which be made practcalIy
double the power of all internal combustion en-
gines, becomes Of such importance IN the autoIlo
bile and autobus interests that Mr.. Boaoley, VINO
controls the Manhattan Transit Company. win us
unusual and practically exclusive chaTteT iof I'LL
ming autobuses IN the streets Of NewYork is quot,
ed by Atwood Violet & Co. as preparing 10 spend
81 10000 Immediately in the building or autoouses
20 be operated in New York under the Manhattan
Transit Company charter .s 4. r,,r
Mr.. Bush reports that he has returned 10 BIT
uinghan for a few days in order TO award the CON
tracts for the building OF the new furnace 10 pc
constructed By his company at Gadsden, ana 70
round 10 other matters which have awaited MS
return: that, with these out or the way. ne WIN
shortly be back in New-fork ana e&pects IA ~ t ne
ia the mean time the Ala.ana Consolidated is en-
largine its own output OF coal, coke and iron as
rapidly possible. and IL is hkely tnat IN lhs
near future the lnternauoha nower ;f s lied in