The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1906-01-23
1HOADLEY BUYING
RICH ORE LANDS
Special Representatives Inspect
Properties
SEEKING NEW FIELDS
The international Power Co. of New
York VIII, 1t Is Said, Operate Ex-
tenslvely In the Greater BIr-
mlneham District.

w. H. Knight. engineer, ]. L. Pultz, en-
gineer and H. w King. attorney. all
representing the International Power
company, of which ]. H. Hoadley is pres
ident, after spending several days in the
Birmingham district, left last night for
New York. They had quarters at the
Colonial hotel, but most of their time
was spent in the woods They paid
several visits to Talladega county, the
object of the engineers being to inspect
ore properties which the international
Power company has either acquired or
is about to acquire.
Just before leaving Birmingham, MIR.
King said:
1.-THE international Power company owns
already some valuable ore lands In Ala
bama, and its representatives came to
look over certain other ore properties
with a view of acquiring them for the
company. We found that all the ore beds
in the immediate Birmingham district
were held by the furnace companies now
operating here. 1t was useless therefore,
for US to attempt to buy anything around
Birmingham, and that being so we were
prospecting in some of the counties In
the greater district. We return to New
York fairly we'll satisfied with our work.
The International company soon will have
immense tracts of ore property In Ala
bama."
Would Not Discuss Merger.
Asked if Mr.. Hoadley was working in
conjunction with the Gates-schley syn
dictate in the much discussed merger
project, Mr. King said:
Mr. Hoadley is on friendly terms with
Mr.. Gates and his associates" Further
than that Mr.. King would not discuss
the merger proposition.
Mr. Knight. who enjoys the reputation
of being at once a mechanic. and mining
engineer of the first rank, statistician
and an all round business man, was not
inclined to talk; and he did not talk.
About all that could be drawn from him
was the fact that he had been in Alabama
for several days and with a twinkle in his
eye he said to the Age-Herald representa-
tive: my friend Mr. King is a lawyer
and ready talker and what he will not
tell you is not ripe for the public"
Controls Consolidated.
1t is we'll known fact that the inter-
national Power company controls the
Alabama Consolidated A body of grey
ore land in Talladega county was re-
Gently acquired for the Consolidated, but
1t is said in well informed circles that Mr.
Hoadley and associates are buying large
ore tracts and Will buy coal property
either for their own account or for the
International Power company.
According to the New York papers Mr..
Hoadley is now making an effort to merge
the Sloss-Sheffield company, the Southern
Steel company controlled by the Schulers,
and the Alabama Consolidated. His
friends claim that he has already con-
siderable holding in the Sloss-Sheffeld.
Mr.. Gates, by the way, admitted in re-
cent interview that he had been buying
Sloss common.
A day or two ago man who Is close
to Mr. Hoadley said that In the event
that Hoadley failed to carry through
his merger scheme he would organize a
new iron and steel company in the Biz
mingham district and proceed to build
furnaces and finished product plants.